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FLOWS
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Tuesday, 21 January, 2014
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BUY
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MEDIA,
SIME, UEMS
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SELL
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GAMUDA, IOICORP,
SKPETRO
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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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BSTEAD (2771)
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21/1/2014
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RM5.34
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ACCUMULATE
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RM6.00
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After hitting a high of RM5.71 share
price has retraced back to its support neckline of RM5.30. RSI has also
fallen to 34% with MACD gapped open in negative territory. Given the market
uncertainty Bstead gives an attractive dividend yield of 5.6% for FY14 with
over 40% of EBIT coming from defensive sector of pharmaceutical and trading
of BHPetrol. Net profit is projected to grow at CAGR of 17% with better
performances from its shipbuilding & heavy industry division backed the
RM9b combat vessels contract while plantation sector would also benefit from
the higher CPO prices coupled with the catalyst of a plantation arm IPO this
year. Accumulate with TP: RM6.00 (14xPE and 5% div yield)
(TYK)
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SIME (4197)
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21/1/2014
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RM9.12
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ACCUMULATE
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RM10.00
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Share price has retraced from its
recent peak of RM9.65 (-5.5%). Technicals are showing oversold with RSI 30%
and MACD gapped open in negative territory. Chart shows good support levels
at RM9.00 and RM8.80. Sime is expected to benefit from stronger CPO prices
with planted area of 533,136ha and over 300,000ha of unplanted land with
estimated 75% of its trees in the mature age. Other catalyst includes 1)
Australia Govt plans to abolish carbon and mining taxes by Jul’14 that is
expected to benefit its industrial segment thru higher CAPEX 2) possible
listing of its property which has landbank of 19,000 acres and GDV of RM72bn.
Current PER valuation of 15.7xCY14 is lower than 5yr historical of 19x with a
reasonable dividend yield of 3.4%. Buy with TP: RM10.00
(TYK)
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Calls for JAN week 2/Week 3 2014
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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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PHARMA (7081)
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10/1/2013
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RM4.46
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BUY
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RM5.40
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RM4.40
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-1.4%
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SCIENTX (4731)
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10/1/2013
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RM5.53
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BUY
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RM6.64
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RM5.08
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-8.2%
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GAMUDA (5398)
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13/1/2013
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RM4.52
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ACCUMULATE
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RM4.90
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RM4.40
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-2.7%
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IOICORP (1961)
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13/1/2013
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RM4.24
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ACCUMULATE
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RM4.80
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RM4.16
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-1.9%
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UZMA (7250)
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15/1/2014
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RM5.75
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Trading Sell
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RM5.31
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RM5.64
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-2.0%
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WCT (9679)
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15/1/2014
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RM2.20
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ACCUMULATE
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RM4.80
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RM2.18
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-1.0%
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MEDIA (4502)
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16/1/2014
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RM2.57
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Trading BUY
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RM2.90
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RM2.44
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-5.1%
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LAFMSIA (3794)
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16/1/2014
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RM7.90
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Technical BUY
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RM9.00
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RM8.46
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+7.0%
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PUNCAK (6807)
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20/1/2014
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RM3.10
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ACCUMULATE
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RM3.80
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RM3.10
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0.0%
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FAVCO (7229)
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20/1/2014
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RM3.25
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ACCUMULATE
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RM3.75
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RM3.28
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+0.9%
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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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