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FLOWS
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Friday, 14 February, 2014
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BUY
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DIGI,
TENAGA, KLK
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SELL
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UEMS, MISC, ASTRO
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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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PRESBHD (5204)
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14/2/2014
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RM3.07
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BUY
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RM3.40
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PRESBHD (RM3.07) - While the o&g sector
continue to thrive in the country, demands for talents and professionals in
the industry will continue to grow. The company wants to tap the potential in
the O&G sector by providing vocational training and talent development,
especially for O&G projects in Johor and Sarawak. Prestariang is looking
to expand the oil & gas training business as its existing school is
already operating at full capacity. They are looking at acquiring regional
businesses which have synergies with its current core business. The group’s
new ventures aims to turn it into a RM1bn market cap company within the next
three years. Also, There is expected to be strong revenue contribution from
Autodesk software in 4Q13 as the company finalised new distribution terms
with Autodesk in 3Q13. Currently trading at 13.6x for FY13 and 12.6x for FY15
at current prices which is still relatively cheaper vs its regional peers.
Prestariang has a div yield of 3.9%. Technical chart formed a reverse head
and shoulder pattern with a potential upside to RM3.35 – RM3.40 which is approximately
14x for FY15. MACD turning up. BUY with an immediate upside to RM3.40.
(RL)
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TAANN (5012)
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14/2/2014
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RM4.06
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BUY
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RM4.68
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TAANN (RM4.06) – In light of the
recent plantation rally, TAANN remained a laggard behind its peers. We
believe that the price of this counter should appreciate especially when
group’s earning is highly leveraged to CPO prices. We continue to like the
group for its young plantation profile (average approximately 6 years) and
its ability to potentially record a double digit production growth for its
FFB for the next few years. This pure upstream oil palm plantation player in
Sarawak is expected to post better set of results for the upcoming quarter
(4Q) as their FFB output is usually higher in its 2H. Its timber division
should also be stronger for the next 2-3 quarters as timber demands continue
to rise due Japan government’s move to raise sales tax in April.
Currently trading at only 13x PE for FY 14 and 10x for FY15 vs its 7 year
average of 17x and sector average of 14x. MACD pending a cut up; RSI has been
picking up. BUY with a TP of RM4.68 which is based on 15x PE for FY14.
(RL)
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Calls for FEB Week 1/Week 2 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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SPSETIA (8664)
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7/2/2014
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RM2.74
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Trading BUY
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RM3.30
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RM2.83
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+1.8%
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NAIM (5073)
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7/2/2014
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RM3.41
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ACCUMULATE
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RM3.80
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RM3.52
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+3.2%
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OLDTOWN (5201)
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10/2/2014
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RM2.01
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Trading BUY
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RM2.38
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RM1.94
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-3.5%
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TCHONG(4405)
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10/2/2014
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RM5.60
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ACCUMULATE
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RM7.31
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RM5.69
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+1.6%
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SCOMIES (7045)
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11/2/2014
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RM0.90
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BUY
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RM1.01
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RM0.885
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-1.67%
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MATRIX (5236)
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11/2/2014
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RM3.57
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BUY
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RM3.90
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RM3.70
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+3.6%
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KULIM (2003)
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12/2/2014
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RM3.19
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BUY
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RM3.50
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RM3.19
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+0.0%
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MHB (5186)
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12/2/2014
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RM3.68
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BUY
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RM4.13
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RM3.65
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-0.9%
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CMSB (2852)
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13/2/2014
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RM7.08
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ACCUMULATE
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RM8.00
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RM7.15
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+0.9%
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ZHULIAN (5131)
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13/2/2014
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RM3.16
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Trading BUY
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RM4.00
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RM3.15
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-0.4%
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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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