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FLOWS
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Wednesday, February 25, 2015
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BUY
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SKPETRO, AXIATA, CIMB
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SELL
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TENAGA, PETGAS, TM
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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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MUHIBBAH (5703)
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25/02/2015
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RM2.21
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ACCUMULATE
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RM2.72
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MUHIBAH
(RM2.21) – recently
awarded RAPID project (US$32m), being the first RAPID contract for co, is
very encouraging as a prelude to a longer pipeline of sub-contract works
worth at least RM1bn in which co is tendering for. Current tender book stands
at a healthy RM4bn supported by a sizable RM2.4b order book which provides
earnings visibility for next 2 years. Undemanding valuations of 9.3x &
8.3x PER FY15 & 16 respectively strengthened by 2.4% FY15 & 2.7% FY16
dividend yield; Accumulate with an immediate TP of RM2.72 (13x FY15 PE).
(SPK)
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HAPSENG (3034)
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25/02/2015
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RM3.67
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BUY
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RM4.20
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Share
price has retraced 24% over the past 2 months providing a good opportunity to
accumulate an undervalued, under-researched conglomerate. Group to see
improved earnings contribution from its property division (RM2.6b GDV) whilst
supported by steady rental income streams from its two flagship properties –
Menara Hap Seng and Menara Citibank enjoying 90% occupancy, recently launched
Menara Hap Seng 2, 35.5ha of oil palm plantation, and quarry & building materials
division which is a direct beneficiary of govt’s ETP projects. Additionally,
Group’s recent offer to acquire 51% in Hafary Holdings Ltd will help
facilitate its regional expansion into SEA building materials market. With
average EPS growth of 28% over past 3-years, stock trades at only 9.1x FY15
PER (40c FY15 EPS assuming 15% YoY growth) with average 4.9% yield & RSI
@ 27; Buy.
(SPK)
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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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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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RM1.75
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+4.7%
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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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RM1.88
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+0.5%
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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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RM8.02
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+2.4%
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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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RM3.49
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-1.7%
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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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RM4.99
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+3.7%
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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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RM2.25
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-1.4%
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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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RM2.50
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-3.20%
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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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RM0.685
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-4.9%
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DAYANG (5141)
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24/02/2015
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RM2.80
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ACCUMULATE
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RM3.20
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RM2.81
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+0.3%
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EVERGRN(5101)
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24/02/2015
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RM0.975
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BUY on weakness
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-
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RM1.00
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+2.5%
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Performance
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Positive
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Negative
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Neutral
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