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FLOWS
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Monday, 22 September, 2014
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BUY
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TENAGA, AXIATA, IOIP
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SELL
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GENM, SIME, MAXIS
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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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GTRONIC (7022)
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22/9/2014
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RM4.81
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ACCUMULATE
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RM5.20
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Price retreated 6.7% within last 3 trading
days with only 1.2m traded after Co ann 11c div (to be paid 3rd
week Oct). Co’s fundamentals remain compelling as co will cont to manufacture
hi margin components for smart ph with the next new product to be revealed in
2H14. Valuations currently at 17x FY15 & 15.5x FY16, just above 7 yr ave.
Believe Co deserves to be trading at slight premium given its track record to
deliver since its transformation into a smartphone component player from a
LED sensor/timing device which have boosted margins & CAGR significantly
(guiding for 18% for the next 3 years). Paired with an attractive div yld
& healthy B/S as well as favourable mkt conditions (weakening RM), this
an opportunity to accumulate the stock. TP of RM5.20 based on 17x for
FY16 with 4.89% yld.
(RL)
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TMCLIFE (0101)
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22/9/2014
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RM0.525
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ACCUMULATE
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RM0.55
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Stk has surged past the 48c MGO px on heavy vol as
major s/h Peter Lim now owns 76.57%. He will maintain the listing status of
the co and many believe he will be housing all his healthcare services assets
under one roof. He took private Thomson Medical Centre in Spore and is in
midst of completing his 200 bed hospital in IDR’s medical hub. FY14 numbers
(net RM6.5m) cont to see improvement under new mngmt that joined in 2011,
driven by increased number of beds & specialists plus more variety of
serv. Hosp occupancy has incr from 60% to 80. It’s Tropicana Medical
Center at Kota Damasara
sits on mere 2ac of total 6ac land where an MRT station is being built in
front of the site. There is ample room for future devm on this strategic
land. Accumulate with potential break-out abv 0.55 lvl.
(LJN)
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Calls for SEPT WEEK 2/ WEEK 3
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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ECONBHD (5253)
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12/9/2014
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RM0.965
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Trading BUY
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RM1.20
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RM1.01
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+4.6%
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GAMUDA (5398)
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12/9/2014
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RM4.83
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BUY
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RM5.50
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RM4.81
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-0.5%
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BARAKAH (7251)
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15/9/2014
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RM1.40
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ACCUMULATE
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RM1.60
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RM1.44
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-2.8%
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BAT (4162)
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15/9/2014
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RM73.36
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Trading SELL
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RM66.00
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RM70.24
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-4.3%
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MYEG (0138)
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17/9/2014
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RM3.28
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SELL
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BB – RM2.80
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RM3.28
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0.0%
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BSTEAD (2771)
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17/9/2014
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RM4.98
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SELL
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RM4.50
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RM4.97
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-0.3%
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SOP (5126)
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18/9/2014
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RM5.85
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ACCUMULATE
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RM6.60
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RM6.00
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+0.1%
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PRTASCO (5070)
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18/9/2014
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RM1.71
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ACCUMULATE
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RM2.40
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RM1.70
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+1.7%
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POS ( 4634)
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19/9/2014
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RM4.70
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ACCUMULATE
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RM5.30
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RM4.70
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0.0%
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TITIJYA (5239)
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19/9/2014
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RM2.44
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ACCUMULATE
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RM2.90
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RM2.44
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0.0%
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Given that our call initiated on the 5/9 to buy
BJAUTO (5248) has achieved our target of RM3.20,
we advocate a take profit on the stock.
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Performance
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Positive
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Negative
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Neutral
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