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FLOWS
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Wednesday, October 16, 2013
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BUY
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AMBANK, CIMB, SIME, KEURO
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SELL
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IOICORP, MAXIS, GENM
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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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YTL (1677)
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16/10/2013
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RM1.52
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ACCUMULATE
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RM1.80
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Accumulate for a potential 15% gain from now
to year end if YTL repeats its last 3 years trading pattern. This is due to
likely window-dressing activities as YTL is widely held by institutions,
especially the GLC-linked funds. There is indication of major buyers
accumulating the stock with the narrow trading range of RM1.49 – 1.55 being
sustained for more than a month. It is also trading at the support level of
RM1.52 (Feb’13 correction low) and is also close to the 3-year 62%
retracement level of RM1.48. Fundamentally, it is backed by attractive
valuations vis-a-vis the market and its historical average with forward PER
of 12.4x & 11.4x and p/bk of 1.2x versus historical average of PER 13.1x
& p/bk of 1.5x. YTL group also has the potential catalyst of a capital
management exercise which they are renown for. Accumulate
(PT)
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SCOMIES(7045)
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16/10/2013
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RM0.67
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ACCUMULATE
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RM0.80
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On 30/9/13 the company announced that they
have received the approval from Bursa for an extension of 6 months to
March’14 to comply with public shareholding spread. From recent trading
pattern, whenever there were talks of a potential placement exercise to
comply with the public shareholding spread, the price moved up to above the
RM0.80 level - a potential return of 19% for a holding period of less than 6
months. The stock also exhibits accumulation pattern with the flat
range-bound trading since 28/8/13 and is 34% off its recent July’s high of
RM1.01. Scomies has an impressive order book of RM5.1b which is equivalent to
>4x its recent FY13 turnover, and trades at decent valuation with forward
FY3/15 PER of 11.9x. Near term possible positive news flows will be contract
wins for the OSV segment from Petronas’ Pan-Malaysian contracts award.
Accumulate
(PT)
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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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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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RM5.20
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-4.3%
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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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RM22.80
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-0.5%
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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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RM5.09
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+0.0%
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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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RM3.80
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-0.6%
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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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RM3.91
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0.0%
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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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RM2.48
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+0.8%
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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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RM0.06
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+9.0%
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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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RM4.09
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-2.0%
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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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RM2.92
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+0.6%
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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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