Friday, June 5, 2015

Morning Call | 5 June 2015


FLOWS
Friday, 5 June, 2015
BUY
WPRTS, GENM
SELL
TOPGLOVE, TENAGA
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
DSONIC (5216)
05/06/2015
RM1.04
BUY
RM1.23
Price has been in a consolidation phase for 6 months awaiting new developments. Existing biz supported by outstanding 7.5m MyKad orders and 5.5m national passport photo pages. Immediate horizon in could be the implementation of including smart chips into Msian passports, likely 2H 2015. Additionally the fuel subsidy program may be revived with steadying crude oil prices. Downside risk appears limited, we recommend a buy with a target price of RM1.23.
(DN)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EITA (5208) 
05/06/2015
RM1.27
BUY
RM1.50
Immense potential from its core competencies in lifts/escalator/travelator market. Locally with the domestic commercial buildings market still set for growth and national ambitions for a stature as an international Islamic finance centre with high profile projects such as (TRX ) there remains unlimited opportunities. Additionally to boost its foreign income, EITA-Schneider has teamed up Shanghai STEP Electric Corporation to undertake elevator and escalator control systems outside China via a 50:50 JV company to manufacture, distribute and service the systems in Malaysia and other countries. EITA-Schneider is involved in the sale, installation and maintenance of the system  in Malaysia, the Middle East, Asean and other countries outside China. The stock has been on a gradual up trend this year and we expect this to continue with an immediate upside of RM1.50 (13x PE 2016)
(DN)
 
 
Calls for  MAY WEEK 4/ JUNE WEEK 1 2015
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
AFG (2488)
29/05/2015
RM4.52
TRIM
RM4.00
RM4.48
-0.9%
AMBANK (1015) 
29/05/2015
RM6.34
TRIM
RM6.34
RM6.32
-0.4%
KAREX (5247)
1/06/2015
RM3.14
BUY
RM3.60
RM3.05
-2.9%
WTK (4243) 
1/06/2015
RM1.01
Trading BUY
RM1.20
RM1.07
+5.9%
DRBHICOM (1619)
02/06/2015
RM1.66
BUY on weakness
RM1.89
RM1.66
0.0%
EVERGRN (5101) 
02/06/2015
RM1.18
ACCUMULATE
RM1.36
RM1.24
+5.0%
DELEUM (5132)
03/06/2015
RM1.58
BUY
RM1.85
RM1.55
+2.6%
UEMS (5148) 
03/06/2015
RM1.04
Trading BUY
RM1.25
RM1.04
0.0%
GAMUDA (5398)
04/06/2015
RM5.00
BUY
RM5.65
RM5.00
0.0%
GENTING (3182) 
04/06/2015
RM8.31
BUY
RM9.30
RM8.20
-1.4%
 
 
PERFORMANCE ALERT
STOCK
Initiation dates
Initiation price
Target Price
Action
Returns
GHLSYS (0021)
31/3/2015
RM0.96
RM1.15
Take Profit
19.7%
MATRIX (5236)
3/4/2015
RM2.73
RM3.12
Take Profit
14.2%
SKPETRO (5218)
15/4/2015
RM2.40
RM2.75
Take profit
14.5%
UNISEM (5005)
22/4/2015
RM2.60
BB – RM2.30
Trading buy
-
SKPRES (7155)
8/5/2015
RM0.845
RM1.10
Take profit
19.5%
 
Performance
Positive
 
Negative
 
Neutral