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FLOWS
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Wednesday, 18 March, 2015
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BUY
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YTL, SKPETRO, MAXIS
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SELL
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AIRASIA, PCHEM, IJM
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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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ECONBHD (5253)
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18/03/2015
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RM0.99
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Trading BUY
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RM1.22.
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Expecting stronger job flows
in the 2H of yr as it is the leader in local piling industry with approx 13%
mkt share. Notable projects undertaken incl KVMRT (V1 & V6), Pavilion
extension/tunnelling, Tg Bin power plant as well as several housing projects
ard K.Valley & Putrajaya. Grp currently has o/s OB of RM750m that will
last 1-2 yrs & tender book of RM2.0bn, where grp is in position to select
projects that offer a higher margins, targeting an improve of 1-2%/yr.
Econpile is trading @ 9.7x FY16 & 2% div yld. MACD consolidated around
baseline & is poised 4 a rebound. Trading BUY on bottoming techs &
expectations of more job flows in 2H. TP of RM1.22, 13.5x FY 16 PE.
(RL)
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GAMUDA (5398)
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18/03/2015
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RM5.17
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BUY
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-
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Stock’s fundamentals remain
strong as it remains the best proxy to the robust infrastructure spending in
the country given its lead role for the RM73bil KVMRT project.
Looking forward, the group has a few key catalysts including schedule
launches and GDV values on the Salak land, Penang Transport Master Plan
(PTMP) worth up to RM20bil . Currently Gamuda is trading 15x for FY 15 which
is lower than its 5 year average of 17x. Share price is trading above the 38%
retracement and has rebounded off the Bollinger band support at RM5.10.
Recent weakness on the prolonged settlement of its water assets issue
provides a good window to accumulate. BUY on bullish technicals and possible
increase in project value for KVMRT2 and PTMP.
(RL)
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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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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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RM5.50
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+1.8%
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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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RM1.37
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+0.7%
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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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RM2.82
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-1.2%
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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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RM1.07
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-0.9%
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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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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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RM1.15
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-5.0%
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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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RM2.78
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-0.8%
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MPHBCAP (5237)
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17/03/2015
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RM2.02
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ACCUMULATE
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-
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RM2.01
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-0.5%
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IWCITY (1589)
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17/03/2015
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RM1.16
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ACCUMULATE
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-
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RM1.16
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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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