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FLOWS
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Tuesday, 28 October, 2014
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BUY
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AXIATA, IJM SKPETRO
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SELL
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MAYBANK, MAXIS,
IOIPG
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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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TGUAN(7034)
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28/10/2014
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RM2.00
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ACCUMULATE
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RM2.48
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This plastic film manufacturer has just under gone a capital raising
exercise of 1 ICULS : 2 shares basis with 1 free warrant : 2 ICULS to partly
fund its RM100m expansion plans. The new manufacturing facility will enable
the company to focus more on thin stretch film plastic wrapping products
mainly for export to
(DN)
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MAXIS (6012)
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28/10/2014
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RM6.68
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Switch - DIGI
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-
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Maxis – the recent turmoil in financial markets has sent its price
back closer to its resistance levels of RM6.70, as investors seek shelter in
telcos. This has provided the perfect opportunity to lighten positions in
this company which has been trading on a down trend for most of the year on
the back of weaker guidance by management on its immediate future. Last few
qtrs has revealed contracting subs base and toppish EBITA margins. Management
will also start paying out div next year based on free cash flow basis and
not the expected 40c/yr in the past. Maxis has a high capex profile for the
immediate period as it embarks on network modernization for its 4G offering
with forward dividend forecast ranging from 27c-32c. We are recommending a
switch to Digi for a more stable business structure and sustainable yield of
4.5%.
(DN)
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Calls for SEPT OCT 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
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
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ASTRO (6399)
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20/10/2014
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RM3.22
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TRIM
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-
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RM3.26
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+1.2%
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BJFOOD (5196)
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20/10/2014
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RM2.75
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ACCUMULATE
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RM3.45
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RM2.88
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+4.7%
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PENERGY (5133)
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21/10/2014
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RM2.42
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BUY
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RM2.80
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RM2.68
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+10.7%
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TIMECOM (5031)
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21/10/2014
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RM5.00
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SELL
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BB - RM4.30
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RM4.92
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-1.6%
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ARMADA (5210)
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23/10/2014
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RM1.47
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BUY
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RM1.80
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RM1.62
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+10.2%
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PCHEM (5183)
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23/10/2014
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RM5.93
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ACCUMULATE
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RM6.45
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RM6.00
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+1.1%
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HOVID (7213)
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24/10/2014
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RM0.375
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Defensive BUY
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RM0.43
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RM0.390
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+4.0%
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PADINI (7052)
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24/10/2014
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RM1.67
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BUY on weakness
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RM2.10
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RM1.79
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+7.1%
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MHB (5186)
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27/10/2014
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RM2.32
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ACCUMULATE
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RM2.68
|
RM2.40
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+3.4%
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IJMLAND (5215)
|
27/10/2014
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RM3.30
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ACCUMULATE
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RM3.60
|
RM3.40
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+3.1%
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Performance
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Positive
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Negative
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Neutral
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