|
FLOWS
|
Friday, 22 August, 2014
|
|||||||||||||
|
BUY
|
TM, CIMB,
RHBCAP
|
|||||||||||||
|
SELL
|
DIGI, TENAGA, UEMS
|
|||||||||||||
|
STOCK ALERT
|
||||||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||||||
|
SURIA (6521)
|
22/8/2014
|
RM2.61
|
ACCUMULATE
|
RM3.25
|
||||||||||
|
Share price has fallen from its peak of
RM2.99 with strong support seen at RM2.60 level. Port operations in Sabah
continue to show yoy growth with PBT achieving over RM80mil. Imminent kicker
would be the launch of Jesselton Quay in Q3 alongside SBCCORP which gives
SURIA a guaranteed return of RM324mil. Valuations is undemanding at 10x PE
FY15 vs its peers of 12.5x while dividend yield stands at 3.5%. Accumulate
(TP: RM3.25 based on 12.5xFY15 PER)
(TYK)
 |
||||||||||||||
|
FABER (1368)
|
22/8/2014
|
RM3.30
|
ACCUMULATE
|
RM3.92
|
||||||||||
|
Share price has retraced from its high of RM3.73.
After touching a low of RM3.18 2 days ago, share price is currently hovering
above the 100SMA with RSI only at 35%. Proposed merger of Propel and Opus
Group will be completed in October and is expected to transform Faber Group
(FGB) into Malaysia’s largest assets and facilities management (AFM) company.
Back in May, Faber Medi-Serve Sdn Bhd was awarded a 27-year contract worth
RM1.03bn by Konsortium ProHAWK to provide asset management services of a
women and children's hospital in Kuala Lumpur. This ensures growth in their
earnings from 2016 for this segment. Upon completion of acquisition, earnings
are estimates to exceed RM200mil for FY15. This values company at 13xPER.
Given its long term earnings visibility and market leader in its segment we believe
valuation is undemanding. Accumulate with TP: RM3.92 (16xPER)
(TYK)
 |
||||||||||||||
|
|
||||||||||||||
|
Calls for AUGUST WEEK 2/ WEEK
3 2014
|
||||||||||||||
|
STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||||||
|
WTK (4243)
|
15/8/2014
|
RM1.40
|
ACCUMULATE
|
RM1.60
|
RM1.40
|
0.0%
|
||||||||
|
AIRASIA(5099)
|
15/8/2014
|
RM2.36
|
ACCUMULATE
|
RM2.70
|
RM2.40
|
+1.6%
|
||||||||
|
UMWOG (5243)
|
18/8/2014
|
RM4.05
|
ACCUMULATE
|
RM4.53
|
RM4.04
|
-0.3%
|
||||||||
|
PRESBHD (5204)
|
18/8/2014
|
RM2.25
|
ACCUMULATE
|
RM2.70
|
RM2.24
|
-0.5%
|
||||||||
|
SBCCORP (5207)
|
19/8/2014
|
RM2.17
|
Trading BUY
|
RM2.91
|
RM2.14
|
-1.4%
|
||||||||
|
MUHIBBAH (5703)
|
19/8/2014
|
RM3.14
|
Trading BUY
|
RM3.50
|
RM3.12
|
-0.3%
|
||||||||
|
SILKHLD (5078)
|
20/8/2014
|
RM1.11
|
BUY
|
RM1.25
|
RM1.07
|
-3.7%
|
||||||||
|
PANTECH (5125)
|
20/8/2014
|
RM1.06
|
ACCUMULATE
|
RM1.25
|
RM1.04
|
-1.9%
|
||||||||
|
TM(4863)
|
21/8/2014
|
RM6.24
|
ACCUMULATE
|
RM6.80
|
RM6.19
|
-0.9%
|
||||||||
|
MISC (3816)
|
21/8/2014
|
RM6.91
|
TRIM
|
-
|
RM6.93
|
0.0%
|
||||||||
c
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|