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FLOWS
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Monday, August 10, 2015
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BUY
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GAMUDA
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SELL
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CIMB, YTLPWR, MAYBANK
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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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PESTECH (5219)
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10/08/2015
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RM5.91
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TAKE PROFIT
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BB RM – 5.26
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PESTECH (RM5.91): Share price has
outperformed the overall mkt w 18% gain in the past month. Although prospects
for company remain bright with its exposure in the Indochina power sector
(esp Cambodia), we advocate a Sell into Strength amidst a weaker global
sentiment. Technical chart shows MACD on the verge of cutting down while RSI
stood at 77%. FY16 PER is 17x vs 5yr average of 13x. We prefer TENAGA in the
power sector which trades at 9.6xPER. Take Profit w target buy back RM5.26
(15xPER)
(TYK)
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GENTING (3182)
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10/08/2015
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RM7.98
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SELL
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BB – RM7.20
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Genting (RM7.98) – it broke
its double top neckline at RM8.01 on huge volume on Friday, thereby
confirming its earlier take-out of its longer-term RM8.11 critical support.
The immediate downside is towards RM7.60-7.50 before exposing the mid-term
support at the RM7.10-6.95 levels. Last week, its 53% sub, Genting Spore,
warned that 2Q15 net will fall significantly as a result of unfavourable
market conditions (likely downturn in gambling by mainland Chinese) and
derivative & FX losses. The official results will be released on Aug 13.
In addition, Genting is one of the KLCI stocks with big foreign exposure (54%
in June’15). Sell now & buy back below RM7.20.
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Calls for JULY WEEK 4/ AUGUST WEEK 1 2015
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STOCK
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Initiation
Dates
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Initiation
price
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BUY/SELL
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TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
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UCHITEC (7100)
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31/07/2015
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RM1.58
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ACCUMULATE
|
RM1.80
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RM1.51
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-4.4%
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MATRIX (5236)
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31/07/2015
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RM2.50
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ACCUMULATE
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RM2.80
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RM2.35
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-6.0%
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XINHWA (5267)
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03/08/2015
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RM1.28
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TRIM
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RM1.04
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RM1.16
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-9.3%
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PTARAS (9598)
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03/08/2015
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RM3.78
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ACCUMULATE
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RM4.20
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RM3.70
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-2.1%
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LUXCHEM (5143)
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04/08/2015
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RM1.16
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BUY
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RM1.35
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RM1.12
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-3.4%
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LAFMSIA (3794)
|
04/08/2015
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RM9.76
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TRIM
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-
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RM9.08
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-7.1%
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SUPERMX (7106)
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05/08/2015
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RM2.46
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TAKE PROFIT
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RM2.05
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RM2.27
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-7.7%
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PARAMON (1724)
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05/08/2015
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RM1.93
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ACCUMULATE
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RM2.50
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RM1.86
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-3.6%
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KAREX (5247)
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07/08/2015
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RM3.55
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TAKE PROFIT
|
BB RM - 3.10
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RM3.45
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-2.8%
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HOVID (7213)
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07/08/2015
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RM0.485
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BUY
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RM0.555
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RM0.48
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-1.0%
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PERFORMANCE
ALERT
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STOCK
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Initiation
dates
|
Initiation
price
|
Target
Price
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Action
|
Returns
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TOPGLOV (7113)
|
08/06/2015
|
RM5.47
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-
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Trading
Sell
|
-
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Performance
|
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Positive
|
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Negative
|
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Neutral
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