Wednesday, July 1, 2015

Morning Call | 30 June 2015


FLOWS
Tuesday, 30 June, 2015
BUY
DIALOG
SELL
WPRTS, AMBANK
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
ULICORP (7133)
30/06/2015
RM4.09
TAKE PROFIT
RM3.68
share price has had an impressive run over the past 10 weeks gaining 62% with both daily and weekly RSI at 73 and 86 in overbought territory. Co is currently operating at full capacity and has had to give up a number of sizeable orders limiting immediate revenue growth as management has guided for the completion of two new plants only in end 2015. Trades at 14.6x FY16 PER vs 8.1x 3-year historical average, we recommend to Take Profit with possible buy back at RM3.68 (12.6x FY16 PER).(SPK)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
EDGENTA (1368) 
30/06/2015
RM3.40
Accumulate
RM4.00
share price has dipped 12% over the past month presenting a good opportunity to accumulate a stock that offers the best of both worlds – stable recurring income and growth potential from its consultancy arm that has a global presence. Immediate catalysts include: 1) upcoming highway projects in Malaysia and Indonesia leveraging on its parent-co (UEM), 2) utilities relocation works for MRT2 & LRT3, 3) closure of Opus’ non-profitable businesses outside NZ. Trades at just 12.1x FY16 PER backed by 5.1% dividend yield helping ride through current volatility; Accumulate on weakness with TP of RM4.00 (14.2x FY16). (SPK)
 
 
 
 
 
Calls for  JUNE WEEK 3 / WEEK 4 2015
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
KNM (7164)
23/06/2015
RM0.54
BUY
RM0.62
RM0.595
+10.2%
KESM (9334) 
23/06/2015
RM3.83
TRIM
-
RM3.67
-5.2%
OPCOM (0035)
24/06/2015
RM0.81
ACCUMULATE
RM1.10
RM0.78
-3.7%
FAVCO (7229) 
24/06/2015
RM2.82
SELL into STR
BB – RM2.31
RM2.74
-2.8%
ENGTEX (5056)
25/06/2015
RM1.09
BUY
RM1.22
RM1.10
+0.9%
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
RM2.03
-3.3%
MIECO (5001) 
26/06/2015
RM0.675
BUY on weakness
RM0.80
RM0.67
-0.7%
MYEG (0138)
29/06/2015
RM2.88
TAKE PROFIT
-
RM2.76
-4.2%
CMSB (2852) 
29/06/2015
RM5.23
TAKE PROFIT
-
RM5.16
-1.3%
 
 
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