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FLOWS
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Wednesday, 1 October, 2014
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BUY
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SKPETRO, GAMUDA, IOICORP
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SELL
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DIGI, UEMS, SIME
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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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IJM (3336)
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1/10/2014
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RM6.47
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BUY
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RM7.20
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Current order book of RM2.2bn to be bolstered by an additional RM2.8bn
from WCE and a further RM1.8bn 1st Phase Kuantan Port expansion.
The completion of the privatization of IJM Land is also set for completion in
3Q 2015 which will be earning accretive with unbilled sales of RM2bn. Trading
at a forward year PE of 12x we feel value is compelling especially via its
warrant WC which trades at a slight discount ahead of its expiry on 24 Oct.
Buy with a mid term target of RM7.20.
(DN)
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UNISEM(5005)
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1/10/2014
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RM1.63
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Trading BUY
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RM1.80
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Price has retraced from a high of RM1.90 to current levels of RM1.62
providing a good accumulation level ahead of stronger sequential quarters.
The higher margin packages for the communication sector will be driven by new
launches such as the IPhone 6 and China’s adoption of 4G technology. Their
automotive segment is also expected to be stronger with utilization of
tyre pressure sensors being made mandatory for all new vehicles in the
US and Europe. RSI is down to 39 with MACD looking set to cut back up.
Immediate target of RM1.80.
(DN)
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Calls for SEPT 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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SPSETIA (8664)
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24/9/2014
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RM3.25
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ACCUMULATE
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RM3.60
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RM3.44
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+5.8%
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PCHEM (5183)
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24/9/2014
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RM6.23
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TRADING BUY
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RM6.80
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RM6.24
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+0.1%
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SUPERMX (7106)
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25/9/2014
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RM2.24
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ACCUMULATE
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RM3.10
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RM2.20
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+1.8%
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WASEONG (5142)
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25/9/2014
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RM1.76
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BUY
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RM2.20
|
RM1.77
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+0.5%
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WCT (9679)
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26/9/2014
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RM2.18
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Trading BUY
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RM2.40
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RM2.16
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-1.0%
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NAIM (5073)
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26/9/2014
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RM3.51
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ACCUMULATE
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RM4.75
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RM3.49
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-0.6%
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GADANG (9261)
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29/9/2014
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RM1.73
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Trading BUY
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RM2.10
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RM1.73
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0.0%
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TAANN (5012)
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29/9/2014
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RM3.87
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Trading BUY
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RM4.50
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RM3.93
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+1.5%
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ORIENT (4006)
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30/9/2014
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RM7.79
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BUY
|
RM9.00
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RM7.60
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+2.5%
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TENAGA (5347)
|
30/9/2014
|
RM12.28
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ACCUMULATE
|
RM13.50
|
RM12.38
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+0.8%
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Given that
our call initiated on the 22/9 to buy TMCLIFE (0101) has achieved our target
of RM0.60,
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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