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FLOWS
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Tuesday, 17 September, 2013
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BUY
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DIGI, UEMS, CIMB
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SELL
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COASTAL, TENAGA
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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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CMSB (2852)
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17/9/2013
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RM4.59
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BUY
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RM4.98
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Despite the bounce last Friday, CMS is still
17% below its last month high of RM5.50. Last week, it hit a 4-month low of
RM4.42 and is clearly a laggard in the recent broad market technical
bounce. CMS trades at attractive valuations with PER of 9.4x & 8.1x for
FY13 & FY14, and a current p/bk of 0.99x. It is a well-diversified group
& a market leader in Sarawak for its core business of cement, road
maintenance & infrastructure development, hence a prime beneficiary of
the proposed developments in Sarawak & Sabah and the SCORE initiatives.
It owns over 4,000 acres of land for property development or potential to
realise land-sale gains. An added catalyst is its 20% stake in OM Materials
Sarawak – the first ferrosilicon alloy, manganese ferroalloy & sintered
manganese ore facility in SCORE. This new venture is expected to contribute
RM80m-100m of new associate profits from 2016, representing 35-44% of FY12
profit before tax. Technically, the stock is ready with a positive crossover
last Friday. Buy
(PT)
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UMW (4588)
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17/9/2013
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RM12.26
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ACCUMULATE
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RM13.10
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UMW (RM12.26) – is another major laggard in
the recent market rally with a bounce of 3% from its recent low of Rm11.90
versus the KLCI’s 7%. Its RSI is near the oversold zone at 34%. With the 3
major local funds of PNB, EPF & KWAP holding close to 70% of its
shareholding, UMW is expected to hold its major support zone of
RM12.20-12.00. Hence it is appropriate to accumulate the stock at current
level. Fundamentally, its current PER at 13.8x is favourable compared to its
historical 5-year average of 15.5x, and 2H13 earnings is expected to improve
from higher auto sales (new model launches) & higher utilization of the
rigs in the O&G division. Accumulate
(PT)
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Calls for SEPT Week 2/ Week 3
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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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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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RM5.62
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+9.3%
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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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RM7.57
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+5.2%
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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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RM7.16
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+1.7%
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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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RM1.92
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+0.0%
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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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RM2.79
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+2.1%
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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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RM0.325
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+1.5%
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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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RM6.95
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-2.1%
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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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RM4.57
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0.0%
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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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RM5.55
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-0.4%
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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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