|
FLOWS
|
Wednesday, 29 July, 2015
|
|||||||||
|
BUY
|
RHBCAP, MAXIS
|
|||||||||
|
SELL
|
AXIATA, TENAGA
|
|||||||||
|
STOCK ALERT
|
||||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
||||||
|
BIMB (5258)
|
29/07/2015
|
RM4.16
|
TRIM
|
-
|
||||||
|
BIMB is Malaysia’s only
Shariah-compliant investable and recent price run up on the back of renewed
talk of merger btw the smaller Islamic financial instns. Consumer loans make up slightly
more than 60% of BIMB’s total loan portfolio. Topline growth is expected to
be dragged by thinning NIM and softer loan growth. Current price/bk 1.95x
fully reflecting the value of the bank with unexciting fundamentals in the
medium term, warranting a trim at these levels.
(DN)
 |
||||||||||
|
PIE (7095)
|
29/07/2015
|
RM6.83
|
SELL
|
RM6.00
|
||||||
|
1Q numbers were weaker on lower
top line numbers, however PBT grew by
5% YoY driven by higher gains from favourable forex translations and reversal
of slow moving inventories provision. Following the 18% YTD surge in its
share prices, PIE is currently trading at a forward FY15E PER of 13.2x which
is 30% above the industry average valuation (electronic manufacturing
services industry). RSI over extended to 80 and MACD wide divergence will
cutting down sign imminent. We
recommend a sell with buy back around 6.00 as news flow for next year will be
the start of production for large commercial touched-screen panels using
surface attenuation wave technology in the third quarter of this year. The
touch-screen panels, which will be shipped to the Unite States, is expected
to be significant revenue and bottom line contributors in 2016
(DN)
 |
||||||||||
|
|
||||||||||
|
Calls for JULY WEEK 3 / WEEK 4 2015
|
||||||||||
|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
TASCO (5140)
|
22/07/2015
|
RM3.99
|
BUY
|
RM4.94
|
RM4.30
|
+7.7%
|
||||
|
TOPGLOV (7113)
|
22/07/2015
|
RM7.77
|
Sell into Strength
|
BB - RM7.00
|
RM7.55
|
-2.9%
|
||||
|
ENGTEX (5056)
|
23/07/2015
|
RM1.29
|
ACCUMULATE
on weakness
|
RM1.60
|
RM1.26
|
-2.4%
|
||||
|
QL (7084)
|
23/07/2015
|
RM4.00
|
BUY
|
RM4.70
|
RM4.10
|
+2.5%
|
||||
|
KKB(9466)
|
24/07/2015
|
RM1.86
|
ACCUMULATE
|
RM2.15
|
RM1.78
|
-4.4%
|
||||
|
LCTH (5092)
|
24/07/2015
|
RM0.645
|
TRIM
|
RM0.50
|
RM0.645
|
0.0%
|
||||
|
MRCB (1651)
|
27/07/2015
|
RM1.15
|
BUY
|
RM1.35
|
RM1.10
|
-4.4%
|
||||
|
GAMUDA (5398)
|
27/07/2015
|
RM4.59
|
ACCUMULATE
|
RM5.20
|
RM4.59
|
0.0%
|
||||
|
GHLSYS (0021)
|
28/07/2015
|
RM1.15
|
ACCUMULATE
|
RM1.40
|
RM1.10
|
-4.4%
|
||||
|
WELLCAL (7231)
|
28/07/2015
|
RM2.06
|
BUY
|
RM2.40
|
RM2.10
|
+1.9%
|
||||
|
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
|
|
