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FLOWS
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Monday, 25 May, 2015
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BUY
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GENTING, PCHEM
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SELL
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SIME, KLK
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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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MUHIBBAH (5703)
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25/05/2015
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RM2.58
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BUY
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RM3.20
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Share
price eased from a high of RM2.75 to current support level and we believe
this is an opportunity to buy as it is still fundamentally in tact. This
specialized contractor currently has RM2.4b orderbook which will provide
earnings for the next 2 years. While group’s growth in domestic downstream oil
& gas and marine infra segments may be dampened
on talks of possible cuts in RAPID, the group’s outlook as a
beneficiary of the 11MP remains compelling with
its expertise in infra projects via potential port expansions, civil
works from the MRT2 and LRT3 in 2015-2016. FY16 PE only 10x vs sector average
of 15x; p/b 1.4x. Foreign shareholding currently ~11-16% vs 20% previously
which will provide additional spurt when foreign inflow recovers. BUY with a
TP of RM3.20 based on 12x PE.
(RL)
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HUAYANG (5062)
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25/05/2015
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RM2.09
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BUY
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RM2.09
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We continue to like
Huayang for being one of the few property developers to focus on the
affordable housing market which is expected to stay resilient for the next
few years to come. While the implementation of GST might dampen sales in the
immediate term, management is still committed to deliver strong double
digit growth for FY15 which will be driven by the 700mil unbilled sales.
Moving forward, the group will continue its land banking activities (with
gearing down to 0.49x while launching its up and coming project in Puchong
Wests (RM1.35bn) in 2h of the year. Currently trading at only FY16 of 5x PE
and FY17 of 4.7x vs its average of 6x. div yield of 6.7% and 7.1%. Share
price consolidated around current levels, MACD pending a cut up. Daily chart
formed a doji reversal formation. BUY.
(RL)
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Calls for MAY WEEK 3 / WEEK 4 2015
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STOCK
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Initiation
Dates
|
Initiation
price
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BUY/SELL
|
TARGET
PRICE
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LAST PRICE
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% Change
since Initiated
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PRESBHD (5204)
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18/05/2015
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RM2.60
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BUY
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RM3.14
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RM2.57
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-1.2%
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YTL (4677)
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18/05/2015
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RM1.66
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TRADING BUY
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RM1.82
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RM1.66
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0.0%
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SASBADI (5252)
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19/05/2015
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RM2.37
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TRIM
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RM2.10
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RM2.15
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-9.3%
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CHINWEL (5007)
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19/05/2015
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RM1.52
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ACCUMULATE
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RM1.86
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RM1.65
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+8.5%
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PMETAL (8869)
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20/05/2015
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RM2.87
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ACCUMULATE
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RM3.50
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RM2.72
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-5.3%
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SALCON (8567)
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20/05/2015
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RM0.85
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ACCUMULATE
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RM1.05
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RM0.87
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+2.3%
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BRAHIMS (9474)
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21/05/2015
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RM0.93
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TRADING BUY
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RM1.20
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RM0.925
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-0.5%
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STAR (6084)
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21/05/2015
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RM2.51
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ACCUMULATE
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RM2.80
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RM2.60
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+3.5%
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GASMSIA (5209)
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22/05/2015
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RM2.80
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TRIM
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RM2.40
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RM0.935
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+0.5%
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DAYANG (5141)
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22/05/2015
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RM2.44
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BUY
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RM2.80
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RM2.43
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+3.5%
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PERFORMANCE
ALERT
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STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
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GHLSYS (0021)
|
31/3/2015
|
RM0.96
|
RM1.15
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Take
Profit
|
19.7%
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MATRIX (5236)
|
3/4/2015
|
RM2.73
|
RM3.12
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Take
Profit
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14.2%
|
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SKPETRO (5218)
|
15/4/2015
|
RM2.40
|
RM2.75
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Take
profit
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14.5%
|
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UNISEM (5005)
|
22/4/2015
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RM2.60
|
BB
– RM2.30
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Trading
buy
|
-
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SKPRES (7155)
|
8/5/2015
|
RM0.845
|
RM1.00
|
Take
profit
|
19.5%
|
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ECONBHD (5253)
|
8/5/2015
|
RM1.02
|
RM1.22
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Trading
sell
|
12.7%
|
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EDUSPEC (0107)
|
12/5/2015
|
RM0.37
|
RM0.42
|
Trading
sell
|
8.1%
|
|
Performance
|
|
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Positive
|
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Negative
|
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Neutral
|
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