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FLOWS
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Monday, 26 January, 2015
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BUY
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ARMADA, IHH, SIME
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SELL
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GENM, DIALOG, TENAGA
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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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GDEX (0078)
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26/01/2015
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RM2.20
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BUY on weakness
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RM2.50
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We
expect GDEX to show improving earnings margin moving forward as a direct
beneficiary of lower oil prices. Furthermore, grp is set to see improving rev
grwth from continued growth in e-commerce, esp online shopping segment &
its decision to commence ground ops in Indo. Grp is in a healthy net cash
position (RM42m) & has recently proposed a 1-3 bonus and 1-5 free
warrants which should garner more interest in the stk. Accumulate on
weakness. (SPK)
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GAB (3255)
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26/01/2015
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RM12.28
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ACCUMULATE
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RM13.50
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stock
is currently trading attractively at 17.3x and 16.5x PER FY16 and 17
respectively, with a decent 5.4% dividend yield which is only a slight
premium to its rival Carlsberg (FY16 PER of 16.9x) but we reckon this is
justified given GAB’s bigger market share in the premium beer segment (which
are not susceptible to contrabands) – 58% vs 42%. Moving forward, we expect
stronger revenue as we approach the festive season and from Group’s low base
effect in recorded in 2014. Accumulate.
(SPK)
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Calls for Jan WEEK 3/ WEEK 4 2015
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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
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LAST PRICE
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% Change
since Initiated
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ECONBHD (5253)
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19/01/2015
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RM0.90
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TRADING BUY
|
RM1.10
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RM0.995
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+10.5%
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SBCCORP (5207)
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19/01/2015
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RM1.00
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BUY
|
RM1.33
|
RM1.05
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+5.0%
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PERDANA (7108)
|
20/01/2015
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RM1.14
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TRADING BUY
|
RM1.41
|
RM1.16
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+1.8%
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SURIA (6521)
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20/01/2015
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RM2.40
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ACCUMULATE
|
RM2.92
|
RM2.35
|
-2.0%
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SALCON (8567)
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21/01/2015
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RM0.60
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ACCUMULATE
|
RM0.76
|
RM0.64
|
+6.6%
|
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SKPRES (7155)
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21/01/2015
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RM0.75
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ACCUMULATE
|
RM1.00
|
RM0.79
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+5.3%
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SPSETIA (8664)
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22/01/2015
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RM3.60
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BUY on weakness
|
-
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RM3.51
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-2.5%
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NAIM (5073)
|
22/01/2015
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RM3.00
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ACCUMULATE
|
RM4.00
|
RM3.10
|
+3.3%
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FABER (1368)
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23/01/2015
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RM2.47
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BUY
|
RM3.20
|
RM2.59
|
+4.8%
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DELEUM (5132)
|
23/01/2015
|
RM1.75
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BUY
|
RM2.20
|
RM1.77
|
+1.1%
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Performance
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Positive
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Negative
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Neutral
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