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FLOWS
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Monday, 23 February, 2015
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BUY
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SKPETRO, CIMB, AMBANK
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SELL
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MAYBANK, IOICORP,
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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UZMA (7250)
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23/02/2015
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RM2.58
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Take Profit
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<RM2.10
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Uzma (RM2.58) - has gained
54% since we called a buy on 15/1/15. It has retraced >50% of its drop
from 3.76 to 1.28. It is overbought with rsi of 77 & is expected to face
resistance @ 2.58/60, the last rebounding high before it plunged to its 1.28
low. We advocate to lock-in profits as the recent contract wins totaling
RM109m are already baked in the price. 4Q'15 results are due & likely to
disappoint as in 3Q14 from higher staff & admin costs as the Co invested
ahead for future growth while revenue is likely to be weak due to the monsoon
season & drilling jobs on RSC being deferred to 2Q15. In addition, the
viability of marginal field may be questioned if Brent crude stays < $60.
Take profit now & buy back < 2.10, when FY15 PER drops back to <10x
from 12.1x currently.
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KNM (7164)
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23/02/2015
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RM0.72
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Take Profit
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-
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KNM (RM0.72) - the
recently-announced rights issue will impact KNM's price performance as
investors, who are wary of cash-raising exercises during uncertain times,
will liquidate their positions rather than fork out additional cash. And when
the rights are traded it will further drag down its share price. FY15
consensus earnings of >75% jump in net profit is clearly too optimistic in
the current challenging o&g & economic environment, hence likely to
be revised downwards together with its price target. After gaining 82% in 2
months, KNM's price performance will be vulnerable to the volatility in crude
oil prices. Technically, it topped out recently at RM0.74, a formidable
resistance @ the 61.8% retracement of its Oct'14 high to low in Dec'14. Take
profit
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Calls for Jan FEB WEEK 2 WEEK
3 2015
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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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PANTECH (5125)
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11/02/2015
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RM0.775
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Trading BUY
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RM0.86
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RM0.80
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+3.2%
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TIMECOM (5031)
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11/02/2015
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RM5.70
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SELL
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-
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RM5.79
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+1.5%
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WCT (9679)
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12/02/2015
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RM1.62
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ACCUMULATE
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RM1.80
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RM1.74
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+7.4%
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BJTOTO (1562)
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12/02/2015
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RM3.38
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ACCUMULATE
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RM3.65
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RM3.34
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-1.2%
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HSL (6238)
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13/02/2015
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RM1.67
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ACCUMULATE
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RM1.85
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RM1.68
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+0.5%
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CYPARK (5184)
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13/02/2015
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RM1.87
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TRADING BUY
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RM2.20
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RM1.90
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+1.6%
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HARTA (5168)
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16/02/2015
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RM7.83
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SELL into Strength
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BB - RM7.00
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RM8.00
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+2.1%
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WPRTS (5246)
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16/02/2015
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RM3.55
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Take Profit
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RM3.20
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RM3.39
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+4.6%
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GTRONIC (7022)
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17/02/2015
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RM4.81
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ACCUMULATE
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RM5.50
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RM4.90
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+1.8%
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TSH (9059)
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17/02/2015
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RM2.28
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Trading BUY
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RM2.65
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RM2.28
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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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