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FLOWS
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Monday, 16 March, 2015
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BUY
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CIMB, YTL, KLK
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SELL
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TM, TENAGA, FGV
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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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MHB (5186)
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16/03/2015
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RM1.21
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Buy on Weakness
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RM1.45
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Price has been sold down relentlessly for the
past year from a high of RM4.00 on concerns over its orderbook replenishment
especially now with oil prices in the doldrums. Order book stands at RM1.6b
with its yard occupied for the next two years. The company however has a
tender book of RM3bn and any contract win could surprise the market who has
all but written off its book and provide a catalyst for a rebound. Trading at intra year low Px/Bk levels of
0.7x, and levels close to most downgraded analyst target, we have a
contrarian call here as most funds who needed to exit have already done so
and any surprise on contract wins and margins could see a decent bounce off
these levels. BOW at around RM1.15 with an upside target of RM1.45 levels and
a stop loss limit of RM1.00. (DN)
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MKH (6114)
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16/03/2015
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RM2.80
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Accumulate
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RM3.60
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Indiscriminate sell down in the property
sector is presenting an opportune time to accumulate long term value names
such as MKH with a long proven track record in affordable housing. This is
evident from their internal sales target of RM850m for this FY ending Sep
2015 which represents a 60% jump from 2014 driven by its project in KL
South. Plantation earnings are
cushioned by the significant growth in FFB offsetting lower CPO pxs. Price is
now supported on its trend line established since rebounding from its low in
Dec 2014 with RSI down to 40. Trading at PE 7x and a yield of 3%, we rate it
an accumulate based with a target px of RM3.60 based on 6x PE 2016. (DN)
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Calls for MARCH 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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GAB(3255)
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09/03/2015
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RM14.76
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SELL into strength
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BB
- RM13.00-13.50
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RM14.78
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+0.1%
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POS (4634)
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09/03/2015
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RM5.09
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SELL into strength
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BB - RM4.50
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RM5.07
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-0.4%
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SASBADI (5252)
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10/03/2015
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RM1.56
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BUY
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RM2.00
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RM1.67
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+7.0%
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YTL (4677)
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10/03/2015
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RM1.59
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TRADING BUY
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RM1.75
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RM1.59
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+0.0%
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IHH (5225)
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11/03/2015
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RM5.41
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TRIM
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-
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RM5.42
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+0.2%
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MUDAJYA (5085)
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11/03/2015
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RM1.36
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BUY on weakness
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RM1.64
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RM1.38
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+1.5%
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YINSON (7293)
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12/03/2015
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RM2.85
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BUY
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RM3.30
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RM2.90
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+1.8%
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SNTORIA (5213)
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12/03/2015
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RM1.08
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BUY
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RM1.33
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RM1.10
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+1.9%
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TITIJAYA (5239)
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13/03/2015
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RM2.00
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BUY
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RM2.40
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RM2.00
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+0.0%
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CSCENIC (7202)
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13/03/2015
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RM1.34
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Accumulate
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RM1.50
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RM1.35
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+0.7%
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Performance
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Positive
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Negative
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Neutral
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