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FLOWS
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Wednesday, 7 May, 2014
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BUY
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BAT,
UEMS, SKPETRO
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SELL
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DIGI, MAYBANK,
IOICORP
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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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INTEGRA (9555)
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7/5/2014
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RM2.11
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BUY
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RM2.53
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INTEGRA
– Stock has pulled back to attractive levels since touching a high of RM2.41
in Nov 2013. This is an ideal opportunity to accumulate ahead of the
increased volume of feedstock for TNB’s M4 power plant in Mar 2015 which will
add another 3m to the existing 7m coal vol handled at Lumut port. Further
down the road a further 3m will be required for M5 in Oct 2017. This
translates to earnings of RM60m in 2015 or a PE of 10x. We rate it a buy with
an upside target of RM2.53
(DN)
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IJM (3336)
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7/5/2014
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RM6.35
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BUY
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RM6.80
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IJM
– The shares have gained 8% YTD touching a high of RM 6.56 before
consolidating now around the RM6.30 levels. We view this as an opportunity to
sell into strength as valuations are now close to consensus target of RM6.80
with the stock pricing the positive news from WCE. Trading at prospective
earnings 2015 of 14x it is also at a premium to the market average of 9.8x.
We see better upside potentials in Gamuda, Muhibbah as alternatives for
exposure in construction.
(DN)
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Calls for APRIL Week 3/Week 4 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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GAMUDA (5398)
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29/4/2014
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RM4.55
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BUY
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RM5.45
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RM4.58
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+0.6%
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SUNWAY (5211)
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29/4/2014
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RM3.15
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BUY
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RM3.50
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RM3.08
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-2.3%
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MISC (3816)
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30/4/2014
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RM6.39
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BUY
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RM7.10
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RM6.45
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+0.9%
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SEALINK (5145)
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30/4/2014
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RM0.465
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BUY
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RM0.57
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RM0.46
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-1.1%
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HARTA (5168)
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2/5/2014
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RM6.34
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ACCUMULATE
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RM7.40
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RM6.02
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-5.1%
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UMW (4588)
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2/5/2014
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RM10.76
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ACCUMULATE
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RM12.00
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RM10.68
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-1.2%
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THHEAVY (7206)
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5/5/2014
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RM0.90
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Trading BUY
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RM1.20
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RM0.905
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+0.5%
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HOHUP (5169)
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5/5/2014
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RM1.60
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BUY
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RM2.30
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RM1.49
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-6.9%
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PTARAS (9598)
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6/5/2014
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RM3.81
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ACCUMULATE
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RM4.30
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RM3.79
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-0.6%
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GOB (1147)
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6/5/2014
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RM0.965
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BUY
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RM0.965
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RM0.99
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+2.5%
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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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