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FLOWS
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Tuesday, 24 June, 2014
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BUY
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TM,
SKPETRO, IOIP
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SELL
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SIME, ASTRO, TENAGA
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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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KUB (6874)
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24/6/2014
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RM0.555
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TRADING BUY
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RM0.725
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KUB (RM0.555) – management is looking to capitalise the
Group’s expertise in the precast building systems to garner their share of
contracts in the various government mega-projects as they are 23% owned by
MOF. An important catalyst for the stock is the proposed Iskandar rail
project with Malaysia Steel Works of which the company is awaiting decision
from the government. This will provide the company with a new income stream.
KUB has tied up with Japan’s IHI Enviro Corporation to tap on its expertise
of converting biomass into energy to secure renewable energy (RE) projects in
Malaysia. IHI Enviro’s parent company, IHI Group Corporation of Japan has
been involved in the development of various power stations for Tenaga, and
with the Sustainable Energy Development Authority (SEDA) looking to award new
quota for RE, this is an appropriate growth area to diversify into.
Technically, KUB is sitting on the neckline of a double bottom with a
potential upside of RM0.725. Trading buy
(LJN/PT)
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GKENT (3204)
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24/6/2014
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RM1.90
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TRADING BUY
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RM2.67
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GKent (RM1.90) – has a clear pennant pattern on its weekly
chart, and is poised for a break out as it approaches the apex of its pennant
accompanied by the sharp increase in volume yesterday. It has a measuring
upside objective of RM0.80 from its break-out price at RM1.87. GKent reported
a good set of results for its y/e 31/1/14 with revenue increasing 83% and net
profit +41% . This is on the back of significant increase in the
infrastructure, water & construction division (IWC) where the company won
contracts in water-related infrastructure jobs and LRT line contracts. The
company is expected to partner Salcon to bid for water treatment projects in
Penggerang RAPID project. With the expertise and team they have in managing
LRT rail project, the company is expecting further opportunities from the new
phases of the MRT and LRT lines. Trading buy
(LJN/PT)
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Calls for JUNE 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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WASEONG (5142)
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17/6/2014
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RM1.84
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BUY
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RM2.20
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RM1.86
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+1.0%
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MAXIS (6012)
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17/6/2014
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RM6.75
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TRIM
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-
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RM6.77
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+0.2%
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BAT (4162)
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18/6/2014
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RM69.24
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SELL
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RM62.00
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RM66.50
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-4.0%
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DAYANG (5141)
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18/6/2014
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RM3.51
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ACCUMULATE
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RM4.35
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RM3.55
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+1.1%
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TUNEINS (5230)
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19/6/2014
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RM2.34
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ACCUMULATE
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RM2.60
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RM2.30
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-1.8%
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JTIASA (4383)
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19/6/2014
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RM2.49
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ACCUMULATE
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RM2.94
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RM2.51
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+0.8%
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PERDANA (7108)
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20/6/2014
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RM1.80
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ACCUMULATE
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RM2.10
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RM1.80
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0.0%
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ALAM (5115)
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20/6/2014
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RM1.56
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ACCUMULATE
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RM2.10
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RM1.56
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0.0%
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CBIP (7076)
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23/6/2014
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RM4.40
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BUY
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RM5.10
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RM4.40
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0.0%
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HOHUP (5169)
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23/6/2014
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RM1.41
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BUY
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RM2.30
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RM1.40
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-0.8%
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Performance
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Positive
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Negative
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Neutral
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