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FLOWS
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Monday, 25 November, 2013
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BUY
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CIMB,
AIRASIA, PERDANA
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SELL
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SKPETRO, MMC, 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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SIME (4197)
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25/11/2013
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RM9.56
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BUY
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RM10.50
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After surging to a high of RM9.97 on
19th Nov share price has retraced back to its long term support
neckline of RM9.52. Recent surge in plantation prices bodes well for Sime
which has planted area of 533,136ha and over 300,000ha of unplanted land with
estimated 75% of its trees in the mature age. Other key catalyst for Sime
includes 1) improving prospects for its industrial (2nd largest
earnings contributor) following abolishment of carbon and mining tax in
Australia. 2) Potential listing of its property which has landbank of 19,000
acres and GDV of RM72bn. Battlesea syndicated loan of GBP790m has also been
raised paving the way to kickstart its development of phase 1 3) Proxy to
China which are proposing economic reforms and seeing recovery in economy.
Current PER valuation of 15.6xCY14 is lower than 5yr historical of 18x with a
reasonable dividend yield of 3.4%. Buy with TP: RM10.50
(TYK)
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SALCON (8567)
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25/11/2013
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RM0.665
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BUY
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RM0.75
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Share price has retraced 7% from its
recent high of RM0.715. We advocate a trading buy as share price sits on its
100MA with catalyst from its completion of its China water assets. Upon
completion, Salcon will be sitting on a net cash of RM276mil with plans to
payout RM30mil as special dividend. This equates to almost 5sen or 7.5%
dividend yield. Salcon’s maiden property launch of RES 280 (GDV RM160m) in
Selayang also saw healthy takeup rate of almost 75% as it is strategically
located opposite Selayang Hospital. Salcon also owns 5.14ha land in Johor
Bahru with plans of a RM1.2bn mixed development project with partner EcoWorld.
Salcon has a tender book of RM2.25bn with joint bids for RM1bn Langat 2 water
treatment plant as well as a RM800mil water treatment plant in Pengerang.
Trading buy with TP: RM0.75
(TYK)
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Calls for NOVEMBER 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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TM(4863)
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18/11/2013
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RM5.16
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Trading BUY
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RM5.90
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RM5.15
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-0.2%
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SWKPLNT(5135)
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18/11/2013
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RM2.50
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BUY
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RM2.90
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RM2.56
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+2.4%
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MAYBULK (5077)
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19/11/2013
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RM1.71
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BUY
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RM2.00
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RM1.71
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0.0%
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FGV (5222)
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19/11/2013
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RM4.30
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BUY
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RM4.93
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RM4.45
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+3.4%
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MATRIX (5236)
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20/11/2013
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RM3.24
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Trading SELL
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RM2.90
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RM3.22
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+0.7%
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GADANG (9261)
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20/11/2013
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RM0.99
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BUY
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RM1.41
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RM0.995
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+0.5%
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TSH (9059)
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21/11/2013
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RM2.83
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Take Profit
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RM2.50
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RM2.83
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0.0%
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HOVID (7213)
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21/11/2013
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RM0.345
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ACCUMULATE
on weakness
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RM0.41
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RM0.345
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0.0%
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UEMS (5148)
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22/11/2013
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RM2.25
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BUY
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RM2.55
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RM2.26
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+0.4%
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DAYA (0091)
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22/11/2013
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RM0.365
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BUY
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RM0.41
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RM0.36
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-1.4%
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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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