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FLOWS
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Wednesday, 12 March, 2014
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BUY
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MISC,
IOICORP, TENAGA
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SELL
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AXIATA, ASTRO, DIGI
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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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PERISAI (0047)
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12/3/2014
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RM1.51
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BUY
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RM1.70
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Share price has retraced 13% from a high of RM 1.73 and it’s currently
consolidating at its 200 days SMA. RSI is oversold at 24%. One reason that
contributed to the drop is Perisai’s FY13 core net profit of RM62.0mn (-26%
YoY) missed market expectations and consensus’ by 24% and 23% respectively.
Variances to the consensus estimates are the higher-than-expected expenses
for the MOPU and E3 and lower-than-expected FPSO earnings as the operational
start of the vessel was delayed. Therefore, the drop may seem to be a bit
sharp due to over-reaction by the market and a short-term rebound is kind of
likely. Buy with an immediate short-tem TP of RM 1.60 (based on
technical) and RM 1.70 (second level resistance if the stock breaks thru the
RM 1.60 level).
(KL)
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ALAM (5115)
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12/3/2014
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RM1.42
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BUY
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RM1.60
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Share price has retraced back to the RM 1.40 level after reaching a
high of RM 1.60. History has shown that this level is not just a very strong
support level but also a good trading level for the stock. RSI is at a low of
31%. Fundamentally, orderbook is still standing strong at RM 2b in addition
to the upstream reported in early February that Alam,
together with Swiber Offshore Construction Pte Ltd, has secured a
sub-contract job from Technip and Malaysia Marine & Heavy Engineering, to
undertake the construction of a central processing
platform (CPP) and a bridge in 2HFY15. Buy with a TP of
RM1.60 (the resistance of the trading band).
(KL)
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Calls for MARCH 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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HUAYANG (5062)
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5/3/2014
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RM1.86
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ACCUMULATE
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RM2.38
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RM1.89
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+1.6%
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SURIA (6521)
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5/3/2014
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RM2.43
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ACCUMULATE
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RM3.00
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RM2.59
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+6.5%
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BRAHIMS (9474)
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6/3/2014
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RM2.44
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BUY
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RM3.04
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RM2.60
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+6.5%
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PANTECH (5125)
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6/3/2014
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RM0.91
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ACCUMULATE
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RM1.10
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RM0.905
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-1.1%
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GAMUDA (5398)
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7/3/2014
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RM4.62
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BUY
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RM5.20
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RM4.70
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+1.7%
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MEDIAC (5090)
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7/3/2014
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RM0.91
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ACCUMULATE
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RM1.05
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RM0.90
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-1.1%
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UCHITEC (7100)
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10/3/2014
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RM1.36
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ACCUMULATE
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RM1.58
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RM1.35
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-0.8%
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VITROX (0097)
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10/3/2014
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RM1.44
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BUY
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RM1.70
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RM1.50
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+4.1%
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PHARMA (7081)
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11/3/2014
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RM4.18
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BUY
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RM5.40
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RM4.20
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+0.4%
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BSTEAD (2771)
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11/3/2014
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RM5.46
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ACCUMULATE
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RM6.00
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RM5.53
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+1.2%
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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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