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FLOWS
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Tuesday, 18 August, 2015
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BUY
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GENM
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SELL
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AXIATA, GAMUDA
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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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KULIM (2003)
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18/08/2015
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RM2.68
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REDUCE
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RM2.20
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KULIM (RM2.68) – Share price
appreciated over 12% in the last 2 weeks despite the weaker broad market.
Currently technical indicators are at the higher end as RSI remain at the
6months high of 71% and the MACD showed first day of a potential correction.
Fundamentally, while group’s plantation age profile remain decent, FFB
production has been declining due to excessive dryness, Fertilizer cost has
been on the rise amid weakening MYR against the USD, and recent development
of a minimum wage hike will further eat into the group’s bottomline.
Furthermore, recent venture into the o&g exploration remains a dampener
as it might risk recognising losses if the revenue is not sufficient. Good
opportunity to reduce exposure.
(RL)
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GAB (3255)
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18/08/2015
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RM12.98
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ACCUMULATE
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RM15.02
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We like GAB in these choppy
markets for 1) its market-leading position in the local Malt Liquor market
with about 59% market share 2) attractive div yield of 5.4-5.8% assuming
payout of >90% net profits 3) resilient business model. Additionally,
management has spotted normalization of sales volume post-GST starting in
July and is confident momentum will pick up. Share price fell 10% over the
past month and showed signs of an imminent reversal as the MACD turns
positive. RSI currently trading at YTD low of 15%. Trading at 17.1x PE
for FY16 vs 5 year average of 18.1x. Accumulate.
(RL)
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Calls for AUGUST WEEK 2/ WEEK 3 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
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LAST PRICE
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% Change
since Initiated
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PCHEM (5183)
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11/08/2015
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RM6.01
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TRIM
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BB RM –
5.30
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RM5.84
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-2.9%
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SCIENTEX (4731)
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11/08/2015
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RM7.20
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TRIM
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BB – RM6.60
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RM6.89
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-4.4%
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KLK (2445)
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12/08/2015
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RM21.48
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TRIM
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-
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RM20.42
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-5.0%
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PPB (4065)
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12/08/2015
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RM15.32
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TRIM
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-
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RM14.66
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-4.4%
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TIMECOM (5031)
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13/08/2015
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RM5.63
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TAKE PROFIT
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BB - RM4.80
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RM5.70
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+1.2%
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UMW (4588)
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13/08/2015
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RM9.54
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SELL
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-
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RM8.99
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-5.8%
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ECONBHD (5253)
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14/08/2015
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RM0.855
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TRADING BUY
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RM1.03
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RM0.81
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-5.3%
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GASMSIA (5209)
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14/08/2015
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RM2.12
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BUY
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RM2.40
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RM2.05
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-3.4%
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MUHIBBAH (5703)
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17/08/2015
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RM1.94
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ACCUMULATE
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RM2.40
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RM1.85
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-4.7%
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SALCON (8567)
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17/08/2015
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RM0.655
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ACCUMULATE
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RM0.78
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RM0.64
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-2.3%
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PERFORMANCE
ALERT
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STOCK
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Initiation
dates
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Initiation
price
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Target
Price
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Action
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Returns
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TOPGLOV (7113)
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08/06/2015
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RM5.47
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-
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Trading
Sell
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-
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XINHWA (5267)
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03/08/2015
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RM1.03
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1.20
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Buy
Back
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-
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KAREX (5247)
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07/08/2015
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RM3.10
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RM3.80
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Buy
Back
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-
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Performance
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Positive
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Negative
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Neutral
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