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FLOWS
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Friday, 13 September, 2013
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BUY
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MAYBANK, KLK, AFG
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SELL
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BJTOTO, ALAM, ASTRO
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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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UZMA (7250)
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13/9/2013
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RM4.57
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SELL
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RM3.85
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Share
price has risen sharply, gaining over 200% ytd despite seeing slower order
replenishment with only RM238mil bagged ytd. We believe any potential upside
from EOR and UzmaPres has largely been priced in as it is trading at 17xFY13
and 14xFY14 PER vs names such as Yinson, Perdana, Alam, Coastal which are
trading around 11xFY14. Recently, filling shows LTH has been selling while
directors were placing out shares at RM3.38 lvl in July. RSI is at 78 and
trades at high P/B of 5.3x. SELL with buy back level of RM3.85 (11xFY14)
(TYK)
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IJM (3336)
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13/9/2013
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RM5.57
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BUY
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RM6.50
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Expect
higher news flow in 2H as WCE is expected to see financial close by Oct with
recently announced 40% sale of Kuantan Port to Guangxi Beibu paving the way
for development of port worth RM4bn. Phase 1 alone could give job opportunities
worth RM2bn. Port will also see extension of concession by 60yrs. WCE tenders
is expected to be out by year end with IJM targeting RM3-4bn of jobs. These
jobs will ensure sustainability of orderbook which currently sits at RM2.5bn.
Potential listing of its highway assets would be another re rating catalyst.
Valuation appears cheap at 12.86xCY14 PER which is at the lower end valuation
since 2009 vs historical of 18x. BUY with TP: RM6.50 (15xPE)
(TYK)
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Calls for SEPT Week 1/ Week 2
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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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GTRONIC (7022)
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6/9/2013
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RM2.61
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BUY
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RM3.10
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RM2.75
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+5.3%
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MMCCORP (2194)
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6/9/2013
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RM2.50
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TRIM
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RM2.30
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RM2.68
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+7.2%
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HLI (3301)
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9/9/2013
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RM5.14
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ACCUMULATE
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RM6.00
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RM5.70
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+10.8
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CIMB (1023)
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9/9/2013
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RM7.19
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ACCUMULATE
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RM8.50
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RM7.58
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+5.4%
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HARTA (5168)
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10/9/2013
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RM7.04
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SELL
into strength
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RM6.20
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RM7.15
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+1.5%
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TROP (5401)
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10/9/2013
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RM1.56
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Trading BUY
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RM1.89
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RM1.56
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0.0%
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KIMLUN (5171)
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11/9/2013
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RM1.92
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BUY
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RM2.34
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RM1.96
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+2.0%
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HUAYANG (5062)
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11/9/2013
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RM2.73
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ACCUMULATE
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RM3.55
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RM2.80
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+2.5%
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MAS (3786)
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12/9/2013
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RM0.32
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Trading BUY
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RM0.38
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RM0.32
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+0.0%
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AIRPORT (5014)
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12/9/2013
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RM7.10
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SELL
into strength
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RM6.54
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RM7.00
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-1.3%
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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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