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FLOWS
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Monday, 8 June, 2015
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BUY
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MAXIS, IJM
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SELL
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KLK, DIALOG
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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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TOPGLOV (7113)
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08/06/2015
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RM5.47
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SWITCH
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-
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TOPGLOV (RM5.47) - Share px rebounded
following worsening of MERS coronavirus in Korea amid favourable
macro-conditions such as stronger USD & lower raw mat pxs. However, we
see this as an opp to sell & switch into other names as it trailed its
peers in terms of cap expansion esp in the lucrative nitrile seg. Valuation
appears fairly valued @ 17x FY15 & 15x FY16. Suggest a switch to SUPERMX
(PE 10.8x FY16) & KOSSAN (3 yr CAGR 23%) which hs a healthier trading
momentum following the outbreak of MERS as well as a solid grwth story coming
fm its new plant commissioning & more cap expansion.
(RL)
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HSL (6238)
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08/06/2015
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RM1.85
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ACCUMULATE
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RM1.85
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HSL (RM1.85) - Armed w RM870mil o/s order which will provide earnings
visibility for at least nxt 2 yrs, this prominent Swak contractor is still
gunning fr several Hi profile projects, namely Phase 2 Kuching Centralized
Wastewater System (RM0.8b), Pan Borneo Hway (RM27b) & various infra
projects under SCORE which is exp to be rolled out thruout 2015. We also like
the grp for its healthy constr margins (14%~ vs ind avg EBIT margin of
7%), strong bal sheet w net cash of 28c/share & div yld of 2.6%. MACD
pending a golden cross. Currently trading @ an undemanding 10x FY 16
PE, we reiterate our Accum call w TP of RM2.30 based on 13x PE FY16.
(RL)
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Calls for MAY WEEK 4/ JUNE 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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KAREX (5247)
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1/06/2015
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RM3.14
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BUY
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RM3.60
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RM3.02
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-3.9%
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WTK (4243)
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1/06/2015
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RM1.01
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Trading BUY
|
RM1.20
|
RM1.08
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+6.9%
|
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DRBHICOM (1619)
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02/06/2015
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RM1.66
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BUY on weakness
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RM1.89
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RM1.65
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-0.7%
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EVERGRN (5101)
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02/06/2015
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RM1.18
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ACCUMULATE
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RM1.36
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RM1.24
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+5.0%
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DELEUM (5132)
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03/06/2015
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RM1.58
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BUY
|
RM1.85
|
RM1.56
|
-1.3%
|
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UEMS (5148)
|
03/06/2015
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RM1.04
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Trading BUY
|
RM1.25
|
RM1.03
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-1.0%
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GAMUDA (5398)
|
04/06/2015
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RM5.00
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BUY
|
RM5.65
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RM4.99
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-0.2%
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GENTING (3182)
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04/06/2015
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RM8.31
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BUY
|
RM9.30
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RM8.25
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-0.8%
|
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DSONIC (5216)
|
05/06/2015
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RM1.04
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BUY
|
RM1.23
|
RM1.04
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0.0%
|
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EITA (5208)
|
05/06/2015
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RM1.27
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BUY
|
RM1.50
|
RM1.26
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-0.8%
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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
|
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
|
-
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SKPRES (7155)
|
8/5/2015
|
RM0.845
|
RM1.10
|
Take
profit
|
19.5%
|
|
Performance
|
|
|
Positive
|
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Negative
|
|
|
Neutral
|
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