|
FLOWS
|
Thursday, 2 April, 2015
|
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|
BUY
|
PCHEM, DIGI, GENM
|
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SELL
|
YTL, GENTING,
MAYBANK
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STOCK ALERT
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STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
PETDAG (5681)
|
2/04/2015
|
RM20.08
|
SELL
|
BB – RM17.50
|
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|
PETDAG
(RM20.08): Share price has risen 19% YTD with RSI
at overbought level of 76%. We believe RM20.20 level will post significant
resistance level. Company lacks catalyst as Petronas cuts on CAPEX while
profit margins continued to see deterioration. Trades at 27.5xFY15 PER vs 3
yrs average of 24x with dividend yield of 2.8%. Sell into strength with buy
back level of 17.50 (24xPER)
(TYK)
 |
||||||||||
|
SUPERMX (7106)
|
2/04/2015
|
RM2.10
|
BUY
|
RM2.40
|
||||||
|
We believe Supermx remains
significantly undervalued compared to its peers as it trades at only 11xFY15
PER vs peer average of 19.5x, a hefty 40% discount. Earnings are expected to
grow at CAGR of 20% for next 2 years as 2 new plants i.e Lot 6059 and
6058 in Meru, Klang are expected to be fully operational by 2015. Given its
current utilisation rate of 85%, the new capacity is expected to be filled
comfortably. Furthermore, its new contact lens business could help to boost
earnings. Buy with TP: RM2.40
(TYK)
 |
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|
|
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|
Calls for MARCH WEEK 4 APRIL
WEEK 1 2015
|
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|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
GKENT (3204)
|
26/03/2015
|
RM1.27
|
Trading BUY
|
RM1.40
|
RM1.21
|
-4.8%
|
||||
|
TOPGLOV (7113)
|
26/03/2015
|
RM5.58
|
TAKE PROFIT
|
BB – RM4.70
|
RM5.48
|
-1.8%
|
||||
|
DELEUM (5132)
|
27/03/2015
|
RM1.55
|
ACCUMULATE
|
RM1.85
|
RM1.52
|
-2.0%
|
||||
|
MITRA (9571)
|
27/03/2015
|
RM1.60
|
BUY on weakness
|
RM2.00
|
RM1.67
|
+4.3%
|
||||
|
IHH (5225)
|
30/03/2015
|
RM5.97
|
TAKE PROFIT
|
-
|
RM5.98
|
+0.1%
|
||||
|
PCHEM (5183)
|
30/03/2015
|
RM5.48
|
REDUCE
|
-
|
RM5.60
|
+2.1%
|
||||
|
TUNEINS (5230)
|
31/03/2015
|
RM1.99
|
ACCUMULATE
|
-
|
RM1.97
|
-1.1%
|
||||
|
GHLSYS (0021)
|
31/03/2015
|
RM0.96
|
ACCUMULATE
|
-
|
RM1.08
|
+12.5%
|
||||
|
AAX(5238)
|
1/04/2015
|
RM0.46
|
Trading BUY
|
RM0.52
|
RM0.465
|
+1.0%
|
||||
|
VS (6963)
|
1/04/2015
|
RM4.25
|
TRIM
|
-
|
RM4.07
|
+8.3%
|
||||
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
