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FLOWS
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Monday, 30 September, 2013
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BUY
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AMMB, CIMB, SIME, YTL
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SELL
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IOICORP, MAXIS, IJM
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STOCK ALERT
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STOCK NAME
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DATE
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PRICE
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BUY/SELL
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TARGET PRICE
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COASTAL (5071)
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30/9/2013
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RM2.91
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BUY
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RM3.43
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Since its peak at RM3.15 in Mid July, Share
price has been range bound for past 2 month between RM2.50-2.90. Past 5 days
saw picked up in vol with share pricing exceeding RM2.90. We believe there is
further upside to share price and is likely to retest RM3.15-RM3.30 levels.
Catalyst includes securing its maiden jackup rig contract ahead of delivery
date of mid 2014. Petronas’s heavy investment to boost oil output rate with
projects such as EOR, Marginal oil field has seen tighter supply in OSV
segment. This bodes well for Shipbuilders with orderbook replenishment YTD achieving
RM1bn while outstanding orderbook has ballooned to RM1.2bn ensuring 15%
annual growth in earnings for next 2 years. Buy with TP: RM3.43 (10xFY14)
(TYK)
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ALAM (5115)
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30/9/2013
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RM1.45
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BUY
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RM1.80
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Share
price has fallen almost 8% in the past 5 days and we advocate a buy within
the RM1.40-45 range. Although Alam has secured RM1.2bn jobs YTD, jobs
prospects for the 4Q remains bright with 1) need for additional 15-20 more
vessels by end of year 2) RM1.2bn – 1.5bn underwater services up for grabs 3)
Pan Malaysian Transportation and installation umbrella contract worth RM3-5bn
open for bidding end of year. Utilization for group has reached 80% with
outstanding orderbook of RM1.3bn which is a record for ALAM. Buy with TP:
RM1.80 (14xFY14 PER)
(TYK)
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Calls for SEPT Week 3/ Week 4
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STOCK
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Initiation Dates
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Initiation price
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BUY/SELL
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TARGET PRICE
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LAST PRICE
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% Change
since Initiated
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GAMUDA (5398)
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23/9/2013
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RM4.59
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BUY
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RM5.20
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RM4.62
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+0.6%
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UOADEV (5200)
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23/9/2013
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RM2.21
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BUY
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RM2.80
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RM2.30
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+4.0%
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BIMB (5258)
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24/9/2013
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RM4.71
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Take Profit
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RM4.04
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RM4.68
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-0.7%
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BHIC (8133)
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24/9/2013
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RM2.44
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ACCUMULATE
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RM2.80
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RM2.40
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+1.7%
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ZHULIAN (5131)
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25/9/2013
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RM3.80
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TRIM
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RM3.37
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RM3.74
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+1.6%
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MUDAJYA (5085)
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25/9/2013
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RM2.66
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ACCUMULATE
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RM3.36
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RM2.72
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+2.2%
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GENTING (3182)
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26/9/2013
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RM10.42
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SELL
into Strength
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RM9.70
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RM10.42
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0.0%
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TSH (9059)
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26/9/2013
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RM2.40
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BUY
on Weakness
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RM2.98
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RM2.40
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0.0%
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YINSON (7293)
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27/9/2013
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RM4.86
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BUY
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RM5.80
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RM4.84
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-0.5%
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NCB (5509)
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27/9/2013
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RM3.98
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Trading BUY
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RM4.40
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RM3.98
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0.0%
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HOLD
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CONT SELL
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SELL/ TAKE PROFIT
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CONT BUY
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STRONG BUY
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