|
FLOWS
|
Wednesday, 1 July, 2015
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BUY
|
GENM, GENTING, TENAGA
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SELL
|
TM, KPJ
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STOCK ALERT
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STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
PPB (4065)
|
01/07/2015
|
RM15.12
|
TRIM
|
=
|
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|
Earnings from the group continue to be mainly driven by its 18.3% in
Wilmar while feed/flour, cinema and property is maintained at best. We are
also not overly excited over its recent launch of a mixed dev in Puteri
Harbour with an over supply situation overhang. Price flirting with the
200 day SMA support of RM14.86. Down side could see it retest the
RM14.00 support levels. Valuation remains high at 17x with yield below 2% vs
MFM at 14.7x PE and biggest contributor Wilmar 12x. Uninspiring earnings
growth while trading above its historical average of 15x could see its price
continue to drift lower.
(DN)
 |
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|
WASEONG (5142)
|
01/07/2015
|
RM1.39
|
Accumulate
|
RM1.60
|
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|
Despite the overall slowdown in the O&G
sector, the company maintains a healthy orderbook of RM1.2bn and tenderbook
of RM5bn. Revenue from its pipe coating and manufacturing projects are
expected to make up for the slowdown in assoc Petra Eng and cont losses in
its plantation div. Stock has been base building around the RM1.30 levels
with valuation undemanding at 9.2x foward year falling to 8.7x 2017. MACD
cutting upwards with ST resistance RM1.41 a breakout would signal move up to
a medium target of RM1.60 target. Accum
(DN)
 |
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|
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|
Calls for JUNE WEEK 3 / WEEK 4 2015
|
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|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
OPCOM (0035)
|
24/06/2015
|
RM0.81
|
ACCUMULATE
|
RM1.10
|
RM0.77
|
-5.0%
|
||||
|
FAVCO (7229)
|
24/06/2015
|
RM2.82
|
SELL into STR
|
BB – RM2.31
|
RM2.83
|
+0.3%
|
||||
|
ENGTEX (5056)
|
25/06/2015
|
RM1.09
|
BUY
|
RM1.22
|
RM1.11
|
+1.8%
|
||||
|
PANTECH (5125)
|
25/06/2015
|
RM0.675
|
BUY on weakness
|
RM0.93
|
RM0.66
|
-2.2%
|
||||
|
PRLEXUS (8966)
|
26/06/2015
|
RM2.10
|
TRIM
|
RM1.84
|
RM2.02
|
-3.9%
|
||||
|
MIECO (5001)
|
26/06/2015
|
RM0.675
|
BUY on weakness
|
RM0.80
|
RM0.705
|
+4.4%
|
||||
|
MYEG (0138)
|
29/06/2015
|
RM2.88
|
TAKE PROFIT
|
-
|
RM2.78
|
-3.5%
|
||||
|
CMSB (2852)
|
29/06/2015
|
RM5.23
|
TAKE PROFIT
|
-
|
RM5.15
|
-1.6%
|
||||
|
ULICORP (7133)
|
30/06/2015
|
RM4.09
|
TAKE PROFIT
|
RM3.68
|
RM4.27
|
+4.4%
|
||||
|
EDGENTA (1368)
|
30/06/2015
|
RM3.40
|
Accumulate
|
RM4.00
|
RM3.45
|
+1.4%
|
||||
|
PERFORMANCE
ALERT
|
|||||
|
STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
|
SKPETRO (5218)
|
15/04/2015
|
RM2.40
|
RM2.75
|
Take
profit
|
14.5%
|
|
UNISEM (5005)
|
22/04/2015
|
RM2.60
|
BB
– RM2.30
|
Trading
buy
|
-
|
|
SKPRES (7155)
|
08/05/2015
|
RM0.845
|
RM1.10
|
Take
profit
|
19.5%
|
|
TOPGLOV (7113)
|
08/06/2015
|
RM5.47
|
-
|
Trading
Sell
|
-
|
|
KNM (7164)
|
23/06/2015
|
RM0.54
|
RM0.62
|
Trading
Sell
|
13.0%
|
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
