FLOWS
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Monday, 14th October 2013
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BUY
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CIMB, Gamuda, FGV
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SELL
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IJM, SPSetia, TM
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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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DELEUM(5132)
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14/10/2013
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RM4.17
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Take Profit
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RM3.50
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Share price has risen sharply since
our buy call in August 1st with share price rising 32% from its recent low in
9th Sept. MACD are turning down with RSI at oversold levels at 76%. Although
we like its long term fundamentals as orderbook stands at RM2bn, given
current debt situation in US, uncertainty in global growth and recent sharp
rise in share price we believe a sell into strength is appropriate with
targeted buy back level at RM3.50-3.70 (9xFY14 PER) (YK)
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SUNWAY (5211)
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14/10/2013
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RM2.90
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BUY
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RM3.40
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Share
price has retraced from its recent high of RM3.23 following news and decision
by Government of Singapore Investment Corp (GIC) to sell 60mil shares of
Sunway as part of its rebalancing plans on 4th Oct. Shares were placed out at
RM2.90 with GIC remaining shares in a lock up period of 90 days. Sunway’s
share price has seen strong support at current levels with MACD turning
positive. Property segment remains healthy with unbilled sales of RM1.8bn and
2H launches includubg Sunway Velocity serviced apartments & shops (GDV
MYR200m), Sunway GEO condo (MYR150m), Medini serviced apartments and office,
(MYR300m), Novena Singapore (MYR500m). Key catalyst will be its Sunway
Iskandar’s (10bn GDV) maiden launch expected by Jan 2014. Construction
orderbook remains healthy at RM3.7bn. Accumulate with TP: RM3.40 (13xFY14
PER) (YK)
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Calls for OCT 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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CIMB (1023)
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7/10/2013
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RM7.44
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Trading BUY
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RM8.40
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RM7.49
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+0.67%
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PENERGY (5133)
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7/10/2013
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RM2.06
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BUY
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RM2.50
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RM2.05
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-0.48%
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CMSB (2852)
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8/10/2013
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RM5.43
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Take Profit
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RM4.60
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RM5.24
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-3.5%
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KLK (2445)
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8/10/2013
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RM22.90
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Take Profit
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RM21.00
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RM22.88
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-0.08%
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MISC (3816)
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9/10/2013
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RM5.09
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TRIM
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RM4.80
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RM5.16
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+1.37%
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QL(7084)
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9/10/2013
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RM3.82
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SELL
into Strength
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RM3.63
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RM3.82
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+0.0%
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CYPARK (5184)
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10/10/2013
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RM2.01
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ACCUMULATE
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RM2.40
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RM2.02
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+0.5%
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GASMSIA (5209)
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10/10/2013
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RM3.91
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Take Profit
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RM3.40
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RM3.92
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+0.2%
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DRBHCOM(1619)
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11/10/2013
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RM2.50
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BUY
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RM2.75
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RM2.51
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+0.4%
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HUBLINE (7013)
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11/10/2013
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RM0.055
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BUY
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RM0.095
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RM0.055
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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
|