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FLOWS
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Monday, 11 May, 2015
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BUY
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UNISEM, MAYBANK, TENAGA
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SELL
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INARI, YTL, DIGI
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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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AIRASIA (5099)
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11/05/2015
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RM2.23
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ACCUMULATE
|
RM2.80
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Accumulate AirAsia for a potential catch-up in performance
vis-Ã -vis its peers as global & Asian airline stocks are on
average + 11% & + 49% ytd while AirAsia is -18% ytd. This is
especially so with more apparent fuel cost savings from 1Q15 onwards given
the lower average hedged fuel cost. The recent divestment of non-core assets
- 25% stake in AAE Travel & the planned sale of a stake in its leasing
arm to realize the value of its fleet of aircraft are also potential
catalysts for re-rating of the stock. Valuation is very supportive at current
level with FY15 & FY16 PER of 7.9x & 7.1x. (TP: RM2.80)
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UMWOG (5243)
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11/05/2015
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RM2.17
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ACCUMULATE
|
RM2.60
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Accumulate on weakness to
position for a 1-yr investment horizon as share px correction has
substantially discounted the negativities of its operating
environment. Recent developments in the O&G industry are prompting
investors to relook at UMWOG with: 1) the announcements of major
O&G players renewing their capex plans in line with higher oil
prices; 2) renowned hedge fund mgr, David Eihorn's recent call for
shorts on US O&G shale stocks (the global crude swing producers) as
their revenues are less than the E&P expd on a DCF basis. This
means bankers may question their feasibility & be
less willing to finance the shale players, hence the higher
crude oil px is sustainable for the medium term with conventional
drilling activities picking up. 31/12/14 order book RM1.8b, tender book
RM5.4b. (TP: RM2.60)
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Calls for APRIL WEEK 4 / MAY WEEK 1 2015
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STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
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HSL (6238)
|
30/04/2015
|
RM1.84
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ACCUMULATE
|
RM2.12
|
RM1.78
|
-3.3%
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MATRIX (5236)
|
30/04/2015
|
RM3.16
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TRIM
|
RM2.80
|
RM3.27
|
+3.4%
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AIRPORT (5014)
|
05/05/2015
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RM6.45
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Trading BUY
|
RM7.25
|
RM6.38
|
-1.1%
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SUPERMX (7106)
|
05/05/2015
|
RM2.02
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BUY
|
RM2.40
|
RM1.99
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-1.5%
|
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MAXIS (6012)
|
06/05/2015
|
RM7.45
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TRIM
|
RM6.60
|
RM7.02
|
-5.8%
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|
OCK (0172)
|
06/05/2015
|
RM0.89
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ACCUMULATE
|
RM1.10
|
RM0.88
|
-1.2%
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MRCB (1651)
|
07/05/2015
|
RM1.33
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BUY
|
RM1.80
|
RM1.33
|
0.0%
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DELEUM (5132)
|
07/05/2015
|
RM1.65
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ACCUMULATE
|
RM1.90
|
RM1.64
|
-0.7%
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SKPRES (7155)
|
08/05/2015
|
RM0.845
|
TRADING BUY
|
RM1.00
|
RM0.945
|
+11.8%
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ECONBHD (5253)
|
08/05/2015
|
RM1.02
|
TRADING BUY
|
RM1.22
|
RM1.04
|
+2.0%
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PERFORMANCE
ALERT
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|
STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
|
GHLSYS (0021)
|
31/3/2015
|
RM0.96
|
RM1.15
|
Take
Profit
|
19.7%
|
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MATRIX (5236)
|
3/4/2015
|
RM2.73
|
RM3.12
|
Take
Profit
|
14.2%
|
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SKPETRO (5218)
|
15/4/2015
|
RM2.40
|
RM2.75
|
Take
profit
|
14.5%
|
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UNISEM (5005)
|
22/4/2015
|
RM2.60
|
BB
– RM2.30
|
Trading
buy
|
-
|
|
Performance
|
|
|
Positive
|
|
|
Negative
|
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Neutral
|
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