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FLOWS
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Friday, 4 October, 2013
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BUY
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MAYBANK, COASTAL, MUDAJYA
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SELL
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KNM, DIALOG, 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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E&O (3417)
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4/10/2013
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RM2.01
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ACCUMULATE
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RM2.30
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Stoch
has exposure to the 3 major property markets in Malaysia - Klang Valley,
Johor & Penang, with Penang being the most significant contributor to GDV
with its STP1 & STP2 projects making up > 50% of its on-going &
future developments. Hence the completion of the detailed environmental
impact assessment (DEIA) & the traffic impact assessment (TIA) studies of
STP2 is a key re-rating catalyst for E&O. These studies are expected to
be done by end November’13. Hence, now would be the opportune time to
accumulate the stock especially when the broad market sentiment is weak with
most of the stocks being tarred with the same brush. In addition, sales will
be substantially higher than 1QFY14 due to the launching of The Mews at Jalan
Yap Kwan Seng (already 70% taken up), Andaman Block 3, Avira Medini &
London Princes House starting from September onwards. E&O currently is
undervalued, trading at an attractive 45% discount to RNAV. Accumulate in
view of the weak sentiment.
(LJN/
PT)
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INARI (0166)
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4/10/2013
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RM1.11
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Take Profit
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<RM1.00
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Stock
has appreciated >23% since our call on 20/9/13 on anticipated good FY13
results. The technical indicators are all flashing severely overbought
signals, with extreme readings for stochastic, macd & RSI (@ 80%). There
are also potential signs of distribution with 3 consecutive days of huge
volume with prices churning in a wide range yet going nowhere. In the
immediate term, we are of the opinion that the price has reflected the recent
good results and the excitement may be a bit overdone. Take profit and buy
back at <Rm1.00.
(LJN/ PT)
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Calls for SEPT Week 4/ OCT Week 1
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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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YINSON (7293)
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27/9/2013
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RM4.86
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BUY
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RM5.80
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RM4.85
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-0.3%
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NCB (5509)
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27/9/2013
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RM3.98
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Trading BUY
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RM4.40
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RM3.91
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-1.8%
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COASTAL (5071)
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30/9/2013
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RM2.91
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BUY
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RM3.43
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RM2.91
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0.0%
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ALAM (5115)
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30/9/2013
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RM1.45
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BUY
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RM1.80
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RM1.47
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+1.3%
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BAT (4162)
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1/10/2013
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RM64.20
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Take Profit
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RM59.70
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RM63.34
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-1.4%
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DIALOG (7277)
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1/10/2013
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RM2.54
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ACCUMULATE
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RM2.90
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RM2.62
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+3.1%
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LBS (5789)
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2/10/2013
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RM1.77
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BUY on weakness
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RM2.20
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RM1.86
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+5.0%
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PERISAI (0047)
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2/10/2013
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RM1.30
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ACCUMULATE
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RM1.66
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RM1.29
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-0.8%
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MAYBULK (5077)
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3/10/2013
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RM1.83
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SELL
into strength
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RM1.55
- RM1.65
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RM1.84
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+0.3%
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GADANG (9261)
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3/10/2013
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RM0.825
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BUY on weakness
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RM1.30
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RM0.825
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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
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