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FLOWS
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Friday, 3 April, 2015
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BUY
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CIMB, AIRASIA, TENAGA
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SELL
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MAYBANK, MAXIS, 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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BJAUTO (5248)
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3/04/2015
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RM3.80
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BUY
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RM4.30
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Grp’s prospect remain bright as they are
gaining mkt shr in Msia fast, already well-established in the Philippines and
looks to replicate its success in the vast mkt of Indo. While the newly
launched Mazda2 has done well locally, it plans to launch 4 more new models
(CX-3, CX5, Mazda 3, Mazda 6) of which both the latter will be locally
assembled. Furthermr, Mazda recently launched its post GST prices where
selective models saw up to 5% reduction. Mrgin has been imprving ovr the yr due to favourable currency and
the ability to secure orders without competitive discounts. PE is currently
only 11x for FY16 and 10 for FY17. CAGR of 33% for the next 3 years. MACD
currently trading at the baseline and looks to rebound. BUY.
(RL)
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MATRIX (5236)
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3/04/2015
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RM2.73
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BUY
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RM3.00
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Grp’s LT prospcts remain intact as the their
positioning in the affordable hsing segment in the greater KV remains firm.
Currently, grp has unbilled sales of
RM400m which will provide visibility for the yr and should
increase ahead of the 1bn launches in 2h2015. Matrix’s industrial exposure
in the KV which accounts for 30% of its new sales will help mitigate downside
risks from the dampening prop sector weighed by GST. Matrix’s cash warchest
will also be utilize by the grp via more landbanking in the 2h of the year.
Trading at 6.3x PE for FY15 & 5.7% for FY16, pays 6.5% yield which is
comparable to peer & REIT average of 5.0% & 6.6% respectively.
Currently 37% discount to RNAV. Share price retraced from a high of RM2.95
and is trading near major support of RM2.71. Trading BUY.
(RL)
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Calls for MARCH WEEK 4 APRIL
WEEK 1 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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DELEUM (5132)
|
27/03/2015
|
RM1.55
|
ACCUMULATE
|
RM1.85
|
RM1.50
|
-3.3%
|
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MITRA (9571)
|
27/03/2015
|
RM1.60
|
BUY on weakness
|
RM2.00
|
RM1.71
|
+6.8%
|
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IHH (5225)
|
30/03/2015
|
RM5.97
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TAKE PROFIT
|
-
|
RM5.89
|
+1.4%
|
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PCHEM (5183)
|
30/03/2015
|
RM5.48
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REDUCE
|
-
|
RM5.56
|
+1.4%
|
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TUNEINS (5230)
|
31/03/2015
|
RM1.99
|
ACCUMULATE
|
-
|
RM1.98
|
-0.5%
|
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GHLSYS (0021)
|
31/03/2015
|
RM0.96
|
ACCUMULATE
|
-
|
RM1.09
|
+13.5%
|
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AAX(5238)
|
1/04/2015
|
RM0.46
|
Trading BUY
|
RM0.52
|
RM0.46
|
0.0%
|
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VS (6963)
|
1/04/2015
|
RM4.25
|
TRIM
|
-
|
RM4.15
|
-2.4%
|
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PETDAG (5681)
|
2/04/2015
|
RM20.08
|
SELL
|
BB
– RM17.50
|
RM20.12
|
-0.2%
|
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SUPERMX (7106)
|
2/04/2015
|
RM2.10
|
BUY
|
RM2.40
|
RM2.12
|
+0.9%
|
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Performance
|
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Positive
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Negative
|
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Neutral
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