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FLOWS
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Friday, 27 February, 2015
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BUY
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CIMB, SKPETRO, DIGI
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SELL
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AMBANK, PCHEM, ASTRO
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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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OCK (0712)
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02/03/2015
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RM0.93
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ACCUMULATE
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RM1.10
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OCK has a diversified portfolio of business where its core
biz, telecommunication network services of end to end network services
solutions are one of the largest in Malaysia. Group has a strong track
record as a telco tower builder and will continue to capitalize on the
growing potential of data service network in the region. Growing tower market
in Indo offers opportunities for site maintenance while the group looks to
secure building more telco towers in fast
emerging markets such as Myamar and other parts of IndoChina.
Currently orderbook stands at RM400mil with recurring income supported by maintenance of
telco towers and renewable energy segment. Technical
chart formed an ascending flag from RM0.615 – RM0.905 and has broken above
last week. Immediate upside will see share price test the RM1.00 resistance
and RM1.05. MACD pending a cut up. Maintain
accumulate based on its strong earnings growth profile linked to the growing
demand regionally for telco network services. Target price of RM1.10
(RL)
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PERISAI (0047)
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02/03/2015
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RM0.615
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Sell into Strength
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-
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Fundamentals of the company continue to be
weak as 2 of its pipelay barges remain idle and high interest cost continue
to suppress the group’s earnings. Long term contracts are will also be scarce
as less appetite is expected from oil producers amid weak oil prices. Group’s
gearing is also a concern at 1.1x; while a possible impairments and write off
is amongst its options. Valuation is steep at 11x relative to smaller mid cap
peers of 7-9x for FY15; MACD is on the verge of turning down and RSI is still
above at 60. We see this as a window to sell into strength.
(RL)
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Calls for Jan FEB 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
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TARGET
PRICE
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LAST PRICE
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% Change
since Initiated
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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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RM2.38
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-7.8%
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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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RM0.705
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-2.1%
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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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RM2.85
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+1.7%
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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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RM1.05
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+7.6%
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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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RM2.29
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+3.6%
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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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RM3.91
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+6.5%
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KULIM (2003)
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26/02/2015
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RM3.25
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ACCUMULATE
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RM4.00
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RM3.28
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+0.9%
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SUNWAY (5211)
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26/02/2015
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RM3.32
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ACCUMULATE
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RM3.82
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RM3.38
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+1.8%
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IOIPG (5249)
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27/02/2015
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RM2.11
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ACCUMULATE
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RM2.50
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RM2.13
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+0.9%
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PETGAS (6033)
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27/02/2015
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RM23.52
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Sell into Strength
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-
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RM23.06
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-2.0%
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Performance
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Positive
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Negative
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Neutral
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