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FLOWS
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Friday, 27 February, 2015
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BUY
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MAYBANK, DIGI, IJM
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SELL
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AIRASIA, TENAGA, SKPETRO
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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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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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share price continues to linger around its 52wk low of RM2.04. This is
partly attributable to the concerns over the slow down in China and Singapore
however these two regions only account for 14% of total sales. Immediate year
earnings are also mostly secured by its unbilled order book of Rm1.45bn.
Stability of future earnings has also been improved with the successful
launch of the IOI City Mall which will add to its recurring investment
income. Trading at a current PE of 12.5x and a steep discount to its RNAV of
RM3.90, we recommend accumulating with an immediate price target of RM2.50 (DN)
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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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The company is unaffected by fluctuations in
gas prices illustrated in its latest qtrly numbers as it holds no feedstock
and only processes and transports for its parent company. Technically
approaching resistance at RM24.00 we recommend a sell into strength with
unexciting growth prospects and unattractive yield of 2.3% and PE of 26x. (DN)
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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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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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RM4.96
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+3.2%
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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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RM2.26
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-0.9%
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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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RM2.46
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-4.6%
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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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RM0.715
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-0.7%
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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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RM2.84
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+1.4%
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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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RM1.06
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+8.7%
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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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RM3.70
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+0.8%
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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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RM3.23
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-0.6%
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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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RM3.37
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+1.5%
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Performance
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Positive
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Negative
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Neutral
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