|
FLOWS
|
Thursday, 9 April, 2015
|
|||||||||
|
BUY
|
MAYBANK, TENAGA, GAMUDA
|
|||||||||
|
SELL
|
DIGI, KLK, ASTRO
|
|||||||||
|
STOCK ALERT
|
||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
COASTAL(5071)
|
09/04/2015
|
RM2.91
|
BUY
|
RM3.50
|
||||||
|
Technical recovery based on
the oil px bounce could further be extended on positive news flow from the
delivery of its 1st Rig due in the 1H2015. The cost of this asset is in the
vicinity of USD200m vs (USD230m market value at that time). Negotiations for
a contract are ongoing for this asset but the option remains open to dispose
of this asset which could also generate forex gains with the significant rise
in USD this year. Its shipbuilding biz still has RM1.46bn worth of vessel
sales orders to complete by 2017 which should support a base earning of
around RM160m assuming no contribution from the rigs. This will support a
valuation of 10x PE and 1x px/bk which we feel are close to through
valuations at this point. Buy with an upside target of RM3.50.
(DN)
 |
||||||||||
|
KIMLUN(5171)
|
09/04/2015
|
RM1.28
|
BUY
|
RM1.50
|
||||||
|
Latest update from mgt
indicate no slow down in its affordable housing contracts which make up the
bulk of its RM500m order book. Growth will also be seen from concrete
manufacturing this year with the requirements for MRT2 and LRT3. 3 property
dev launches are targeted this year in Cyberjaya/Pontian/Iskandar with a
combined GDV of Rm705. All this translate to an attractive valuation of PE
8.5x 2015 and 7.8x 2016. Technically has broken up from its one mth down
trend with MACD cutting upwards. Buy with an immediate target of RM1.50.
(DN)
 |
||||||||||
|
|
||||||||||
|
Calls for MARCH WEEK 4 APRIL
WEEK 1 2015
|
||||||||||
|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
PETDAG (5681)
|
2/04/2015
|
RM20.08
|
SELL
|
BB
– RM17.50
|
RM20.88
|
+3.9%
|
||||
|
SUPERMX (7106)
|
2/04/2015
|
RM2.10
|
BUY
|
RM2.40
|
RM2.03
|
-3.3%
|
||||
|
BJAUTO (5248)
|
3/04/2015
|
RM3.80
|
BUY
|
RM4.30
|
RM3.85
(ex)
|
+1.3%
|
||||
|
MATRIX (5236)
|
3/04/2015
|
RM2.73
|
BUY
|
RM3.00
|
RM2.95
|
+8.0%
|
||||
|
EVERGRN (5101)
|
6/04/2015
|
RM1.16
|
TRIM
|
-
|
RM1.19
|
+2.5%
|
||||
|
BSTEAD (2771)
|
6/04/2015
|
RM4.50
|
ACCUMULATE
|
-
|
RM4.47
|
-0.7%
|
||||
|
PUNCAK (6807)
|
07/04/2015
|
RM2.72
|
TRADING BUY
|
RM3.30
|
RM2.74
|
+0.7%
|
||||
|
ENGTEX (5056)
|
07/04/2015
|
RM1.02
|
ACCUMULATE
|
RM1.20
|
RM1.08
|
+5.8%
|
||||
|
DIALOG (7277)
|
08/04/2015
|
RM1.59
|
ACCUMULATE
|
RM1.90
|
RM1.60
|
+0.6%
|
||||
|
KLK (2445)
|
08/04/2015
|
RM23.10
|
TRIM
|
-
|
RM22.98
|
-0.6%
|
||||
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|