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FLOWS
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Monday, 9 December, 2013
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BUY
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SKPETRO,
IOICORP, MAXIS
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SELL
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TENAGA, PCHEM, FGV
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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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WCT (9679)
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9/12/2013
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RM2.24
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Trading BUY
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RM2.50
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Share price has fallen 11% since early
November as a consequence of stringer property rulings imposed during the
GE13 in Oct. However we see share price support around the RM2.20 levels and
advocate a buy on the back of stronger job flow by 1Q2014 from Putrajaya
building works (parcel F worth >RM1b), Qatar job worth RM1bn, Sabah
Hospitals (RM800mil), earthworks package for the
RRI Land and West Coast Expressway subconstract works. Orderbook
remains healthy at RM2.7bn. Property development division remains robust as
WCT targets township development and Medini,Johor which is expected to
receive exemptions from property cooling measures. Approval for its next
major project worth RM5bn in OUG is expected soon. Opening of KLIA2 in May
will also add another stream of recurring income to its portfolio. Trading
buy with TP:RM2.50
(TYK)
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WTK (4243)
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9/12/2013
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RM1.23
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Trading BUY
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RM1.50
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Share price has drifted from recent high of
RM1.35 (-9%) in Nov and sits at its strong support line of RM1.20 lvl. Log
prices are expected to remains strong as we enter rainy season and declining
production. Log demand is expected to improve from India following
stabilisation of Indian Rupees while Plywood demand from Japan is expected to
remain strong on positive Japanese economy outlook as well as strong housing
starts in Oct which showed +5.0% mom and +19.4% yoy. Japan which constributes
80% of plywood sales is expected to see better growth in coming years from
continued stimulus spending and infrastructure upgrades ahead of Olympics
2020 which will be hosted in Tokyo. Trading buy TP: RM1.50
(TYK)
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Calls for DEC 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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PMETAL (8869)
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2/12/2013
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RM2.36
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BUY
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RM3.12
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RM2.40
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-1.6%
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PCHEM (5183)
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2/12/2013
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RM6.75
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Trading BUY
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RM7.30
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RM6.70
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-0.8%
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SYSCORP (5173)
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3/12/2013
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RM0.435
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BUY
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RM0.65
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RM0.45
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-3.4%
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CMSB (2852)
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3/12/2013
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RM6.09
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Take Profit
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-
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RM6.30
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+3.4%
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SENDAI (5205)
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4/12/2013
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RM1.16
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ACCUMULATE
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RM1.60
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RM1.17
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+0.8%
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TROP (5401)
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4/12/2013
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RM1.36
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ACCUMULATE
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RM1.70
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RM1.33
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-2.3%
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SUPERMX (7106)
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5/12/2013
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RM2.68
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BUY
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RM3.40
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RM2.69
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+0.3%
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UOADEV (5200)
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5/12/2013
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RM1.98
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BUY
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RM1.70
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RM1.99
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+0.5%
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IOICORP (1961)
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6/12/2013
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RM5.80
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Trading BUY
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RM6.20
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RM5.90
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+1.7%
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JTIASA (4383)
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6/12/2013
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RM2.22
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BUY
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RM2.90
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RM2.22
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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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