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FLOWS
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Friday, 24 April, 2015
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BUY
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GENTING, DIGI, SKPETRO
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SELL
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ARMADA, UNISEM, WCT
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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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KOSSAN (7153)
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24/04/2015
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RM5.73
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Take Profit
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RM5.10
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KOSSAN
(RM5.73) – share price has risen an impressive 28% YTD with
RSI overbought @ 69 from strengthening USD: MYR and weak rubber prices which
we think has already been priced in. Furthermore, afore mentioned positives
are further offset by lower ASP, higher depreciation and operating cost from
its expansion plans which is expected to negatively affect profit margin in
the near term. Currently trades at 16.3x FY16 PER (vs 16.2x peer average
& 14.2x 5-yr historical average), stock looks fully valued. MACD
converging downward; Take Profit. (BB: RM5.10 @ 14.5x PER). (SPK)
 |
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IJM (3336)
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24/04/2015
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RM7.40
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Accumulate
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RM8.35
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Recent corporate
exercise to acquire the 32.8ac land to develop Phase 2 (est GDV RM3b) of it’s
The Light project is very positive for IJM. Co exhibits both near and
long-term growth prospects propelled by 1) an all time high order book of
RM7.2b, 2) outstanding GDV estimated at RM30b with 4700ac of undeveloped land
bank (IJMLand privatization), 3) possible inclusion into KLCI 30 as Co is 1/5
stocks in reserve list (next review in Jun’15) and 4) sizable packages from
MRT2 and LRT3 packages. Currently trades at only 15.1x FY16 PER (vs 18.7x
5-yr historical average); Accumulate on weakness (TP: RM8.35 @ 17x PER).
(SPK)
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Calls for APRIL 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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GOB (1147)
|
17/04/2015
|
RM0.555
|
Trading BUY
|
RM0.64
|
RM0.54
|
-2.8%
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GASMSIA (5209)
|
17/04/2015
|
RM2.68
|
TRIM
|
-
|
RM2.54
|
-5.3%
|
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WCT (9679)
|
20/04/2015
|
RM1.86
|
Take Profit
|
BB – RM1.65
|
RM1.80
|
-3.3%
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CARLSBG (2836)
|
20/04/2015
|
RM14.40
|
Take Profit
|
BB
– RM12.50
|
RM14.26
|
-1.0%
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SUNWAY (5211)
|
21/04/2015
|
RM3.75
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ACCUMULATE
|
RM4.50
|
RM3.83
|
+2.1%
|
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BJTOTO (1562)
|
21/04/2015
|
RM3.26
|
ACCUMULATE
|
RM3.60
|
RM3.27
|
+0.3%
|
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UNISEM (5005)
|
22/04/2015
|
RM2.60
|
TRIM
|
RM2.30
|
RM2.46
|
-5.4%
|
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JCY (5161)
|
22/04/2015
|
RM0.785
|
Trading Buy
|
RM0.95
|
RM0.80
|
+1.9%
|
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HLI (3301)
|
23/04/2015
|
RM4.94
|
BUY
|
RM6.00
|
RM4.94
|
0.0%
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ASTINO (7162)
|
23/04/2015
|
RM0.865
|
Buy on Weakness
|
RM1.10
|
RM0.835
|
-3.5%
|
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Performance
|
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Positive
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Negative
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Neutral
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