FLOWS
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Tuesday, 18 November, 2014
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BUY
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GENTING, YTL, TENAGA
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SELL
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MAYBANK, DIGI, ASTRO
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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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PRESBHD(5204)
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18/11/2014
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RM1.51
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ACCUMULATE
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RM1.84
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The
share price has retreated more than 30% over the past 3 month, after a
disappointing 1H14 result and lack of major contract announcements &
news-flow. However, the recent announcement by the Ministry of
Education (MOE) on the Big Data Competency Centre ( BDCC) may have changed
and addressed these concerns & 2015 outlook. BDCC is a joint initiative
between MOE & Presbhd, which should provide a major boost in UniMy’s
student numbers from 2015. UniMY has been chosen as the official academic
partner, responsible for the provision of training and certification. The requirement
for big data analytic specialists is expected to increase 4 folds by 2020.
Other catalysts ahead for the group include the expectation of a new
shareholder in UniMY by year end & a likely new recurring income stream
from the proceeds of its recently concluded placement exercise which raised
some RM70m. Being syariah compliant, MACD on verge of cutting up, RSI @ 43
& trading at 13.4x FY12/15 – Accumulate ( TP RM1.84, 16x FY15 EPS).
(AK)
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SUPERMX(7106)
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18/11/2014
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RM2.02
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Trading BUY
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RM2.40
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The
sharp 12% price fall over the past week, largely due to the poorer than
expected 9M14 results & expectation of further delays in new plants, has
brought about a lower entry level to the stock. The growth for the group is
expected to be driven by the 2 new plants in Meru, Klang (which will have 24
& 16 production lines producing 3.2b & 2.2b pieces of nitrile gloves
pa). Commercial production is expected by end December – one line has started
production, which should help dispel market skepticism of persistent delays
in the new plant. Group is trading at 10.9x FY12/15 ( vs mean historical
trading band of 12x ), a steep 40% discount to sector average which we
believe is unjustified & is a beneficiary of the strengthening USD
against the RM – Trading Buy ( TP RM 2.40, 12x FY15).
(AK)
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Calls for NOV WEEK 2 2014
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STOCK
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Initiation
Dates
|
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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SUNWAY (5211)
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11/11/2014
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RM3.19
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ACCUMULATE
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RM3.70
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RM3.24
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+1.5%
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BJAUTO(5248)
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11/11/2014
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RM3.25
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ACCUMULATE
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RM4.00
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RM3.40
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+4.6%
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DAYANG (5141)
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12/11/2014
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RM2.82
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ACCUMULATE
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RM3.30
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RM2.77
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-1.8%
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SEM (5250)
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12/11/2014
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RM1.66
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TRIM
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-
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RM1.64
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-1.3%
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TM (4863)
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13/11/2014
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RM7.20
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TRIM
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BB – RM6.80
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RM7.09
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-1.6%
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UMCCA(2593)
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13/11/2014
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RM6.77
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BUY
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RM8.00
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RM6.74
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-0.5%
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TAANN(5012)
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14/11/2014
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RM3.93
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ACCUMULATE
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RM4.55
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RM3.88
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-1.2%
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PHARMA(7081)
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14/11/2014
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RM4.49
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ACCUMULATE
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RM5.35
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RM4.39
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-2.3%
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FABER (1368)
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17/11/2014
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RM2.99
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ACCUMULATE
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RM3.30
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RM2.98
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-0.3%
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WTK (4243)
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17/11/2014
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RM1.21
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ACCUMULATE
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RM1.36
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RM1.21
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0.0%
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Performance
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Positive
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Negative
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Neutral
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