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FLOWS
|
Tuesday, 7 July, 2015
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BUY
|
GENTING,
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SELL
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AXIATA, RHBCAP
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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
|
TARGET PRICE
|
||||||
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PCHEM (5183)
|
07/07/2015
|
RM6.40
|
TRIM
|
RM5.50
|
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|
The share price has remained firm despite Q1
earnings falling 19%yoy & 21% qoq on lower selling prices but partly
cushioned by higher plant utilization ( with ongoing expansion plans
progressing well ), stronger USD and lower expenses. The group reported lower
average realized product prices for most of its products. Trading at 16.7x
FY16 ( vs 5-year average PE of 14x), we believe most positives have been
reflected. Management has guided a challenging price outlook for 2105. We
expect the tough operating environment, moderate valuation & overall poor
market sentiment to limit the stocks upside potential- Trim (possible buyback
at RM5.50, at 14.5x FY16).
(AK)
 |
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WCT (9679)
|
07/07/2015
|
RM1.38
|
ACCUMULATE
|
RM1.63
|
||||||
|
The 25% fall in
share price over the past 2 months has brought multiples down to c10x FY16,
vs the 5-year historical average of 13x. Despite the concerns in the property
market, the group’s construction division is still firmly backed by strong
external OB of RM2.6b that will last for the next 3 years. The domestic
tender prospects for 2H 2015 remain attractive – the RM4b KL118 Tower &
RM9b LRT 3. Other major jobs on the radar include RAPID infra packages, WCE
sub-contract works and TRX building package. There’s also value in their
land-banks in KL, Rawang and JB that group has amassed in recent years as
well as decent portfolio of REIT-able shopping malls. RSI @ 33 while MACD has
just crossed upwards – Accumulate ( TP RM 1.63 on 12x FY16).
(AK)
 |
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Calls for JUNE WEEK 4 / JULY WEEK 1 2015
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|
STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
ULICORP (7133)
|
30/06/2015
|
RM4.09
|
TAKE PROFIT
|
RM3.68
|
RM4.40
|
+7.5%
|
||||
|
EDGENTA (1368)
|
30/06/2015
|
RM3.40
|
ACCUMULATE
|
RM4.00
|
RM3.65
|
+7.3%
|
||||
|
PPB (4065)
|
01/07/2015
|
RM15.12
|
TRIM
|
-
|
RM14.98
|
-1.0%
|
||||
|
WASEONG (5142)
|
01/07/2015
|
RM1.39
|
ACCUMULATE
|
RM1.60
|
RM1.37
|
-1.5%
|
||||
|
OCK (0172)
|
02/07/2015
|
RM0.83
|
ACCUMULATE
|
RM1.10
|
RM0.825
|
-0.7%
|
||||
|
GENTING (3182)
|
02/07/2015
|
RM8.10
|
ACCUMULATE
|
RM9.78
|
RM8.13
|
+0.3%
|
||||
|
HSL (6238)
|
03/07/2015
|
RM1.86
|
ACCUMULATE
|
RM2.30
|
RM1.83
|
-1.7%
|
||||
|
TEOSENG (7252)
|
03/07/2015
|
RM1.53
|
ACCUMULATE
|
RM2.00
|
RM1.41
|
-7.9%
|
||||
|
IHH (5225)
|
06/07/2015
|
RM5.89
|
TAKE PROFIT
|
-
|
RM5.78
|
-1.9%
|
||||
|
MRCB(1651)
|
06/07/2015
|
RM1.20
|
ACCUMULATE
|
RM1.40
|
RM1.20
|
0.0%
|
||||
|
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
|
|
