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FLOWS
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Friday, 3 July, 2015
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BUY
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DIGI, AMBANK
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SELL
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SIME, PCHEM
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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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HSL (6238)
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03/07/2015
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RM1.86
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ACCUMULATE
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RM2.30
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HSL (RM1.85) – Following the strong rebound
in construction names recently, we think it’s timely to accumulate HSL as it
trades near its major support of RM1.81. Armed with RM870mil o/s order which
will provide earnings visibility for at least nxt 2 yrs, this prominent Swak
contractor is still gunning for several high profile projects, namely Phase 2
Kuching Centralized Wastewater System (RM0.8b), Pan Borneo Highway (RM27b)
& various infra projects under SCORE which is exp to be rolled out
thruout 2015. Group also has a healthy constr margins (14%~ vs ind avg EBIT margin of 7%), strong bal sheet
w net cash of 28c/share. Currently trading @ an undemanding 10x FY 16
PE. Stochastics triggered a buy entry; MACD pending a cut up. Flag pattern
breakout above RM1.92 will present a 35 cents upside. we reiterate our Accum
call w TP of RM2.30 based on 13x PE FY16.
(RL)
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TEOSENG (7252)
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03/07/2015
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RM1.53
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ACCUMULATE
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RM2.00
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TEOSENG (RM1.53) – This under researched
group is the 3rd largest egg producer in Msia producing almost
3.1mil of eggs a day where about 1/3 of it is exported to Sg. The industry is
largely recession-proof as eggs are a consumer stable with a stable growth of
3-5% per annum. Looking ahead, the group plans on increasing its egg
production capacity to 5.1mil (from 3.1mil currently) a day over the next 5
years over taking over QL (9%) and HUATLAI (14%) as top egg producers via
more expansion of its layer farms. Also, management’s target to raise dividend payout
to 35% from 20% next 3-years would see yields at >7% in FY16. Price fell
from a high of RM2.23 and rebounded off the 61% retracement (RM1.47). This
shariah compliant stock is currently trading at attractive valuation of only
6.6x for FY15 and 5.6x for FY16 vs peer average of 15x. ACCUMULATE.
(RL)
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Calls for JUNE WEEK 3 / WEEK 4 2015
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STOCK
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Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
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||||
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PRLEXUS (8966)
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26/06/2015
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RM2.10
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TRIM
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RM1.84
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RM2.10
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0.0%
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MIECO (5001)
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26/06/2015
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RM0.675
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BUY on weakness
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RM0.80
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RM0.735
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+8.8%
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MYEG (0138)
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29/06/2015
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RM2.88
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TAKE PROFIT
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-
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RM2.85
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-1.1%
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CMSB (2852)
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29/06/2015
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RM5.23
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TAKE PROFIT
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-
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RM5.37
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+2.6%
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ULICORP (7133)
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30/06/2015
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RM4.09
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TAKE PROFIT
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RM3.68
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RM4.47
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+9.2%
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EDGENTA (1368)
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30/06/2015
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RM3.40
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ACCUMULATE
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RM4.00
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RM3.58
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+5.2%
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PPB (4065)
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01/07/2015
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RM15.12
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TRIM
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-
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RM15.24
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+0.8%
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WASEONG (5142)
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01/07/2015
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RM1.39
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ACCUMULATE
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RM1.60
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RM1.43
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+2.8%
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OCK (0172)
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02/07/2015
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RM0.83
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ACCUMULATE
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RM1.10
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RM0.84
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+1.2%
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GENTING (3182)
|
02/07/2015
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RM8.10
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ACCUMULATE
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RM9.78
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RM8.21
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+1.3%
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PERFORMANCE
ALERT
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|||||
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STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
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SKPETRO (5218)
|
15/04/2015
|
RM2.40
|
RM2.75
|
Take
profit
|
14.5%
|
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UNISEM (5005)
|
22/04/2015
|
RM2.60
|
BB
– RM2.30
|
Trading
buy
|
-
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SKPRES (7155)
|
08/05/2015
|
RM0.845
|
RM1.10
|
Take
profit
|
19.5%
|
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TOPGLOV (7113)
|
08/06/2015
|
RM5.47
|
-
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Trading
Sell
|
-
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KNM (7164)
|
23/06/2015
|
RM0.54
|
RM0.62
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Trading
Sell
|
13.0%
|
|
Performance
|
|
|
Positive
|
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Negative
|
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Neutral
|
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