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FLOWS
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Monday, 6 April, 2015
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BUY
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YTL, WPRTS, GENM
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SELL
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MISC, DIGI, MAYBANK
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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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EVERGRN (5101)
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6/04/2015
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RM1.16
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TRIM
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-
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The share price has gained c20% following our buy
call on Feb 24. This was on the back of expectation that group will
turnaround in 2015 - propelled by improved operational efficiency, better
selling prices, favorable forex and lower raw material prices. We reckon the
positives have been largely factored in. There remain the execution risks of
the on-going restructuring efforts & unfavorable forex movements. We see
it fairly valued at P/Bk of 0.73x and PER of 17x & 13x for FY15 &16.
MACD has just down while RSI @ 60. – Trim.
(AK)
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BSTEAD (2771)
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6/04/2015
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RM4.50
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ACCUMULATE
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-
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Co
is trading close to its 52 weeks low, providing a good opportunity to
accumulate. This price weakness despite its FY14 core earnings beating street
by c12%. Dividend of 27.5s translates to a yield of 6%. The latest contract
win by Boustead DCNS Naval Corp of RM531m for In -Service Support for 2
Scorpene Submarines is the 3rd defence contract secured YTD,
bringing total to RM643m. We expect it’s trading & manufacturing and
pharmaceutical divisions to show growth & deliver sustainable recurring
income, while the heavy industries div should remain stable. Trading at a
discount to SOP valuation of between RM5-5.50, Accumulate ( TP RM 5.08,
translating to FY16PER of 14x).
(AK)
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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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IHH (5225)
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30/03/2015
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RM5.97
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TAKE PROFIT
|
-
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RM5.88
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-1.6%
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PCHEM (5183)
|
30/03/2015
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RM5.48
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REDUCE
|
-
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RM5.56
|
+1.4%
|
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TUNEINS (5230)
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31/03/2015
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RM1.99
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ACCUMULATE
|
-
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RM1.99
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0.0%
|
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GHLSYS (0021)
|
31/03/2015
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RM0.96
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ACCUMULATE
|
-
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RM1.09
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+13.5%
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AAX(5238)
|
1/04/2015
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RM0.46
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Trading BUY
|
RM0.52
|
RM0.46
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0.0%
|
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VS (6963)
|
1/04/2015
|
RM4.25
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TRIM
|
-
|
RM4.04
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-5.0%
|
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PETDAG (5681)
|
2/04/2015
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RM20.08
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SELL
|
BB
– RM17.50
|
RM20.14
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-0.4%
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SUPERMX (7106)
|
2/04/2015
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RM2.10
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BUY
|
RM2.40
|
RM2.11
|
+0.4%
|
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BJAUTO (5248)
|
3/04/2015
|
RM3.80
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BUY
|
RM4.30
|
RM3.85
|
+1.3%
|
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MATRIX (5236)
|
3/04/2015
|
RM2.73
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BUY
|
RM3.00
|
RM2.77
|
+1.4%
|
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Performance
|
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Positive
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Negative
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Neutral
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