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FLOWS
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Wednesday, 1 April, 2015
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BUY
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AXIATA, GENTING, TENAGA
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SELL
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DIGI, HARTA, KSL
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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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AAX(5238)
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1/04/2015
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RM0.46
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Trading BUY
|
RM0.52
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AAX – we are revisiting AAX
after its shareholders approved the much needed capital injection of RM390m
via a rights issue with free warrants. Current px is now at most downgraded
base px levels or approx 1x P/bk. Improving yield and load factor plus
capacity rationalization and cost savings from lower fuel prices should see a
recovery in the coming quarters. Coming off its all time low of 45.5c we see
an immediate upside of 52c reflecting the improving conditions. Buy.
(DN)
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VS (6963)
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1/04/2015
|
RM4.25
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TRIM
|
-
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VS Ind – Latest set of
results indicate earnings levels maintained with consensus numbers of RM80m
valuing the company at 11.2x PE. This valuation however is aided by the
company’s enhanced export tax incentives. Negative surprises could come in
the form of widening losses in its China unit especially now that the group’s
53.8%-owned subsidiary VSIG, has acquired 20% stake in a power plant
development company Inner Mongolia Gujing Zhaolai Photovoltaic Company
Limited (IMGZ) with an option to acquire a further 80% via a share swap.
Technical indicators have been trending lower for the past month, we expect a
possible pull back down to the RM3.80-RM4.00 b4 consolidating. Trim
(DN)
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Calls for MARCH WEEK 3/WEEK 4
2015
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STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
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|
JAKS (4723)
|
25/03/2015
|
RM0.54
|
ACCUMULATE
|
RM0.80
|
RM0.555
|
+2.7%
|
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|
CHINWEL (5007)
|
25/03/2015
|
RM1.49
|
ACCUMULATE
|
RM1.75
|
RM1.47 (ex)
|
-1.4%
|
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|
GKENT (3204)
|
26/03/2015
|
RM1.27
|
Trading BUY
|
RM1.40
|
RM1.22
|
-4.0%
|
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|
TOPGLOV (7113)
|
26/03/2015
|
RM5.58
|
TAKE PROFIT
|
BB – RM4.70
|
RM5.47
|
-2.0%
|
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DELEUM (5132)
|
27/03/2015
|
RM1.55
|
ACCUMULATE
|
RM1.85
|
RM1.53
|
-1.4%
|
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MITRA (9571)
|
27/03/2015
|
RM1.60
|
BUY on weakness
|
RM2.00
|
RM1.70
|
+6.2%
|
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|
IHH (5225)
|
30/03/2015
|
RM5.97
|
TAKE PROFIT
|
-
|
RM6.01
|
+0.6%
|
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|
PCHEM (5183)
|
30/03/2015
|
RM5.48
|
REDUCE
|
-
|
RM5.64
|
+2.9%
|
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TUNEINS (5230)
|
31/03/2015
|
RM1.99
|
ACCUMULATE
|
-
|
RM2.00
|
+0.5%
|
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|
GHLSYS (0021)
|
31/03/2015
|
RM0.96
|
ACCUMULATE
|
-
|
RM1.04
|
+8.3%
|
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|
Performance
|
|
|
Positive
|
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Negative
|
|
|
Neutral
|
|
