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FLOWS
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Wednesday, 24 June, 2015
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BUY
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DIGI, ASTRO, PBBANK
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SELL
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TENAGA, MISC
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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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OPCOM (0035)
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24/06/2015
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RM0.81
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ACCUMULATE
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RM1.10
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Company is a major proxy to
HSBB2 and SUBB role out which was awarded to TM in Feb’15 with finalisation
of details by 3Q. As share price has retraced 40% from its peak of RM1.34, we
advocate an accumulate call ahead of 2H role out. OPCOM being a strategic
partner of TM is expected to bag a substantial contract from the RM3.4bn
project. Recent RM210m variation order awarded by TM in May is also expected
to keep them busy for next 3 years. Currently sits on RM50m net cash,
offering the possibility of higher dividends. Accumulate with TP: RM1.10
(TYK)
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FAVCO (7229)
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24/06/2015
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RM2.82
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SELL into STR
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BB – RM2.31
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Orders for new crane has been slow this yr,
with only RM85m awarded ytd compare to FY14 order wins of RM435m. Although
orderbook remains healthy at RM967m as at 20th May, delay in job
win could impact its earning in FY16/17. 90% of orderbook stems from offshore
crane segment which is expected to slowdown given the uncertainty in oil
prices. Assuming flat revenue of RM800m for FY16 w net margins of 9%, we call
a Sell into Strength with buy back TP of RM2.31 (7xPE FY16 PER) inline w its
7yr fwd PER.
(TYK)
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Calls for JUNE WEEK 2 / WEEK 3 2015
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STOCK
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Initiation
Dates
|
Initiation
price
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BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
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SHL (6017)
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17/06/2015
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RM3.23
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BUY
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RM4.00
|
RM3.26
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+0.9%
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SLP (7248)
|
17/06/2015
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RM1.21
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Switch
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TGUAN
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RM1.41
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+16.5%
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HEVEA (5095)
|
18/06/2015
|
RM3.36
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ACCUMULATE
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RM4.00
|
RM3.42
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+1.7%
|
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SCGM (7247)
|
18/06/2015
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RM3.32
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TRIM
|
BB – RM2.70
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RM3.39
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+2.1%
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HAPSENG (3034)
|
19/06/2015
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RM5.03
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TAKE PROFIT
|
RM4.00
|
RM5.08
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+0.9%
|
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ASTRO (6399)
|
19/06/2015
|
RM2.97
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BUY
|
RM3.40
|
RM2.94
|
-1.1%
|
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MBMR (5983)
|
22/06/2015
|
RM3.49
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TAKE PROFIT
|
BB - RM2.80
|
RM3.50
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+0.2%
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DIGI (6947)
|
22/06/2015
|
RM5.61
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ACCUMULATE
|
RM6.48
|
RM5.50
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-2.0%
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KNM (7164)
|
23/06/2015
|
RM0.54
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BUY
|
RM0.62
|
RM0.595
|
+10.1%
|
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KESM (9334)
|
23/06/2015
|
RM3.83
|
TRIM
|
-
|
RM3.76
|
-1.9%
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PERFORMANCE
ALERT
|
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STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
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SKPETRO (5218)
|
15/04/2015
|
RM2.40
|
RM2.75
|
Take
profit
|
14.5%
|
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UNISEM (5005)
|
22/04/2015
|
RM2.60
|
BB
– RM2.30
|
Trading
buy
|
-
|
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SKPRES (7155)
|
08/05/2015
|
RM0.845
|
RM1.10
|
Take
profit
|
19.5%
|
|
TOPGLOV (7113)
|
08/06/2015
|
RM5.47
|
-
|
Trading
Sell
|
-
|
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KNM (7164)
|
23/06/2015
|
RM0.54
|
RM0.62
|
Trading
Sell
|
13.0%
|
|
Performance
|
|
|
Positive
|
|
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Negative
|
|
|
Neutral
|
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