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FLOWS
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Tuesday, March 24, 2015
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BUY
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WCT, ASTRO, TENAGA
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SELL
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DIGI, WPRTS, MRCB
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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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KNM (7164)
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24/03/2015
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RM0.635
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ACCUMULATE
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-
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Trading buy on weakness ahead of its ex date on the 25/3. Recall that
the company has ann a 1:5 rights @ 50c with a 1:2 warrants with every 2
rights. Recent proposed acq of a Thai company involved in renewable energy
and earlier JV with a Korean based Hansol EME will further strengthen its
recurring income stream and insulate it from commodity fluctuations. Its P/L
should also continue to show improvement this year trading at below 10x PE.
With limited downside risk and price catalyst of awards in RAPID contracts we
recommend accumulate.
(DN)
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TAANN(5012)
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24/03/2015
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RM3.90
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ACCUMULATE
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RM4.50
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4Q earnings are likely to be reflective of the year ahead for the
company with low CPO prices offset by timber logging division. This base
earnings should be the basis to support its current yield of around 4%. Price
continues to consolidate btw the RM3.80-RM4.00 band. A break out of this band
could be triggered by better than expected numbers particularly from its
timber div after last year’s restructuring of the division. We rate it an
accumulate with a medium term target of RM4.50.
(DN)
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Calls for MARCH WEEK 3/WEEK 4
2015
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STOCK
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Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
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MPHBCAP (5237)
|
17/03/2015
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RM2.02
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ACCUMULATE
|
-
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RM2.00
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-1.0%
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IWCITY (1589)
|
17/03/2015
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RM1.16
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ACCUMULATE
|
-
|
RM1.19
|
+2.5%
|
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ECONBHD (5253)
|
18/03/2015
|
RM0.99
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Trading BUY
|
RM1.22.
|
RM1.00
|
+1.0%
|
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GAMUDA (5398)
|
18/03/2015
|
RM5.17
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BUY
|
-
|
RM5.17
|
0.0%
|
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BURSA (1818)
|
19/03/2015
|
RM8.48
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TRIM
|
-
|
RM8.52
|
+0.4%
|
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PRESBHD (5204)
|
19/03/2015
|
RM2.35
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ACCUMULATE
|
RM3.14
|
RM2.22
|
-5.6%
|
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UZMA (7250)
|
20/03/2015
|
RM2.01
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BUY
|
RM2.50
|
RM1.99
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-0.5%
|
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MISC (3816)
|
20/03/2015
|
RM8.39
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TRIM
|
-
|
RM8.34
|
-0.6%
|
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TAMBUN (5191)
|
23/03/2015
|
RM1.84
|
ACCUMULATE
|
RM2.10
|
RM1.84
|
0.0%
|
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MMCCORP (2194)
|
23/03/2015
|
RM2.40
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BUY
|
RM3.00
|
RM2.45
|
+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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