FLOWS
|
Monday, 2 September, 2013
|
||||||||||||
BUY
|
MAYBANK, ALAM, RHBCAP
|
||||||||||||
SELL
|
BJTOTO,
MRCB, GENM
|
||||||||||||
STOCK ALERT
|
|||||||||||||
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|||||||||
YTL (4677)
|
2/9/2013
|
RM1.55
|
Accumulate
|
RM1.83
|
|||||||||
Stock
is attractive for a long-term positioning as we see value with its current
low valuation compared to its historical average & relative to market
valuation, its defensive characteristics during volatile markets and the
potential M&A and/or capital management exercise which the group is known
for. YTL trades at prospective PER of 12.6x & p/bk of 1.21x compared to
its 5-year average PER & p/bk of 13.2x & 1.49x respectively. It has
been consolidating since the end of last year, losing 17.6% ytd versus
KLCI’s 1.9% gain and trading near key RM1.52 support. Accumulate
(LJN/PT)
 |
|||||||||||||
MHB (5186)
|
2/9/2013
|
RM3.58
|
Accumulate
|
-
|
|||||||||
Stock
has retraced 16.4% since last month high due to the emerging markets sell-off
& disappointing 2Q13 results. However, we are of the opinion that the
negative news have been discounted with the completion & delivery of
problematic contracts such as Gemusut-Kakap & Telok-B topsides. In fact
for 2H13, MHB should see a substantial improvement in earnings as it will be
recognising profit from its currently biggest job, Malaikai , which will have
hit the 25% completion stage, and management also believes they have a decent
chance of pursuing variation order claims from their completed jobs. Benefits
from vendors streamlining & cost-cutting measures should also take root
in 2H13. MHB is also tipped to secure >RM1b job in 4Q13 out of the RM4.5b
worth of jobs tendered. Accumulate
(LJN/PT)
 |
|||||||||||||
Calls for AUGUST Week 3/Week 4
|
|||||||||||||
STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
|
|||||||
BAT (4162)
|
26/8/2013
|
RM62.30
|
Trading SELL
|
-
|
RM62.14
|
-0.3%
|
|||||||
GENM (4715)
|
26/8/2013
|
RM4.20
|
Take Profit
|
-
|
RM4.21
|
+0.2%
|
|||||||
AAX(5238)
|
27/8/2013
|
RM1.10
|
BUY
|
RM1.44
|
RM1.03
|
-6.4%
|
|||||||
PRESBHD (5204)
|
27/8/2013
|
RM1.94
|
BUY
|
RM2.60
|
RM1.92
|
-1.1%
|
|||||||
SCABLE (5170)
|
28/8/2013
|
RM1.76
|
ACCUMULATE
|
RM2.24
|
RM1.85
|
+5.1%
|
|||||||
SENDAI (5205)
|
28/8/2013
|
RM1.44
|
ACCUMULATE
on weakness
|
RM1.91
|
RM1.45
|
+0.6%
|
|||||||
UMW (4588)
|
29/8/2013
|
RM12.12
|
Trading BUY
|
-
|
RM12.58
|
+3.7%
|
|||||||
SUNWAY (5211)
|
29/8/2013
|
RM2.74
|
Trading BUY
|
-
|
RM2.83
|
+3.2%
|
|||||||
BENALEC (5190)
|
30/8/2013
|
RM1.18
|
Trading BUY
|
RM1.40
|
RM1.19
|
+0.8%
|
|||||||
GADANG (9261)
|
30/8/2013
|
RM0.825
|
Trading BUY
|
RM1.30
|
RM0.84
|
+1.8%
|
|||||||
HOLD
|
|
CONT SELL
|
SELL/ TAKE PROFIT
|
CONT BUY
|
STRONG BUY
|
