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FLOWS
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Thursday, 25 June, 2015
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BUY
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WRPTS
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SELL
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ARMADA, SKPETRO
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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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ENGTEX (5056)
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25/06/2015
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RM1.09
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BUY
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RM1.22
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Engtex (RM1.09) – With interest
picking up amongst other water stocks recently on rumours of an imminent
conclusion to the long awaited restructuring exercise (est by 3Q), we feel
that Engtex is a good growth proxy to ride on as 1) more 6,000km aging water
pipes in KV and more than 40,000km aging water pipes in Malaysia that need to
be replaced. 2) stronger construction growth in the country will demand for
more pipes and steel 3) Factory in Pahang to start opts in 2Q. 4) revaluing
exercise of its land could boost NTA (from RM1.47 currently). Trading at
undemanding PE of only 9x PE for FY16 and 7.7x PE for FY17, P/B of 0.63x.
Chart formed a H&S formation with an immediate break out target of
RM1.22. MACD had just cut up. BUY.
(RL)
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PANTECH (5125)
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25/06/2015
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RM0.675
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BUY on weakness
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RM0.93
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Pantech (0.675) - Pantech is a niche producer
of carbon and stainless steel butt weld fittings, induction long bends and
stainless steel pipes. This business, which makes up 80% of its export sales,
is benefiting from the weaker MYR makes it more resilient vs peers also the
strong balance sheet would be able to help the group weather against cyclical
oil prices volatility. Despite the challenge o&g industry locally, the
group is understood to have received its first orders of pipes and fittings
for RAPID. Group’s share price is currently close to 12 months low of RM0.64,
trading at undemanding PE of 7x PE vs 7.9x 7 year avg, P/b 0.78x for FY17 div
yield is attractive at 6.2%. BUY on weakness
(RL)
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Calls for JUNE WEEK 2 / WEEK 3 2015
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STOCK
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Initiation
Dates
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Initiation
price
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BUY/SELL
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TARGET
PRICE
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LAST PRICE
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% Change
since Initiated
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HEVEA (5095)
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18/06/2015
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RM3.36
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ACCUMULATE
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RM4.00
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RM3.47
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+3.2%
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SCGM (7247)
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18/06/2015
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RM3.32
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TRIM
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BB – RM2.70
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RM3.40
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+2.4%
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HAPSENG (3034)
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19/06/2015
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RM5.03
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TAKE PROFIT
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RM4.00
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RM5.12
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+1.7%
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ASTRO (6399)
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19/06/2015
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RM2.97
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BUY
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RM3.40
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RM3.08
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+3.7%
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MBMR (5983)
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22/06/2015
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RM3.49
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TAKE PROFIT
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BB - RM2.80
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RM3.49
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+0.2%
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DIGI (6947)
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22/06/2015
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RM5.61
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ACCUMULATE
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RM6.48
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RM5.49
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-2.2%
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KNM (7164)
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23/06/2015
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RM0.54
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BUY
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RM0.62
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RM0.655
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+21.2%
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KESM (9334)
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23/06/2015
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RM3.83
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TRIM
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-
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RM3.76
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-1.9%
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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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RM0.85
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+4.9%
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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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RM2.84
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+0.7%
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PERFORMANCE
ALERT
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STOCK
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Initiation
dates
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Initiation
price
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Target
Price
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Action
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Returns
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SKPETRO (5218)
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15/04/2015
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RM2.40
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RM2.75
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Take
profit
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14.5%
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UNISEM (5005)
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22/04/2015
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RM2.60
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BB
– RM2.30
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Trading
buy
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-
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SKPRES (7155)
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08/05/2015
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RM0.845
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RM1.10
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Take
profit
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19.5%
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TOPGLOV (7113)
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08/06/2015
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RM5.47
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-
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Trading
Sell
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-
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KNM (7164)
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23/06/2015
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RM0.54
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RM0.62
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Trading
Sell
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13.0%
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Performance
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Positive
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Negative
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Neutral
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