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FLOWS
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Thursday, August 20, 2015
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BUY
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AIRPORT, GAMUDA
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SELL
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SUPERMX, GENM, IJM
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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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MISC (3816)
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20/08/2015
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RM8.00
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REDUCE
|
-
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MISC (RM8.00) - the Baltic Index for Dirty
Tanker (BIDY) is down 40% since June’15 & targeting another 7% downside
after breaking key support at 745. It costs about $1.10 a barrel
to store oil for a month on supertankers. However, Brent 6-mth contango
spread is $4.30/bbl (or 72c/mth) vs >$6.30 in the early part of the
year which encourages contango trades. MISC’s 2Q results were boosted by
better petroleum tanker rates & improved performance fm the Chemical
division. With China & global growth slowing, coupled with the narrowing
Brent futures spread, results ahead fm the 2 divisions will be
pressured. Technically, its macd is about to cut down & it is
looking to test its sma200 again. Reduce exposure
(PT)
 |
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GAMUDA (5398)
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20/08/2015
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RM4.00
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ACCUMULATE
|
RM4.60
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Share price is at an attractive
level to accumulate - the 5th wave correction from a 5.29
Feb'15 high & trading at long-term support at the 3.90 – 4.00 which held
the intense selling pressure of the last 2 days. Rsi is oversold @ 27%.
Further +ve newflow is exp after the recently awarded PDP role in the RM27b Penang
Transport Master Plan such as the resumption in negotiations for 40%-owned
SPLASH after the breakthrough in the water gridlock between the State &
Federal govts & the MMC-Gamuda JV is in the driver's seat for the RM12b
tunneling package. Being a core blue, favoured construction stk & well
supported by the GLCs, Gamuda is defensive at current levels.
Accumulate TP: RM4.60
(PT)
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Calls for AUGUST WEEK 2/ WEEK 3 2015
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STOCK
|
Initiation
Dates
|
Initiation
price
|
BUY/SELL
|
TARGET
PRICE
|
LAST PRICE
|
% Change
since Initiated
|
||||
|
TIMECOM (5031)
|
13/08/2015
|
RM5.63
|
TAKE PROFIT
|
BB - RM4.80
|
RM5.86
|
+4.0%
|
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UMW (4588)
|
13/08/2015
|
RM9.54
|
SELL
|
-
|
RM8.80
|
-7.8%
|
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ECONBHD (5253)
|
14/08/2015
|
RM0.855
|
TRADING BUY
|
RM1.03
|
RM0.80
|
-6.5%
|
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|
GASMSIA (5209)
|
14/08/2015
|
RM2.12
|
BUY
|
RM2.40
|
RM2.05
|
-3.4%
|
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MUHIBBAH (5703)
|
17/08/2015
|
RM1.94
|
ACCUMULATE
|
RM2.40
|
RM1.81
|
-6.8%
|
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|
SALCON (8567)
|
17/08/2015
|
RM0.655
|
ACCUMULATE
|
RM0.78
|
RM0.64
|
-2.3%
|
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KULIM (2003)
|
18/08/2015
|
RM2.68
|
REDUCE
|
RM2.20
|
RM2.73
|
+1.8%
|
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GAB (3255)
|
18/08/2015
|
RM12.98
|
ACCUMULATE
|
RM15.02
|
RM13.06
|
+0.6%
|
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|
IJMPLNT (2216)
|
19/08/2015
|
RM3.30
|
TRIM
|
RM3.00
|
RM3.30
|
0.0%
|
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|
IHH (5225)
|
19/08/2015
|
RM5.65
|
TRIM
|
RM5.08
|
RM5.56
|
+0.1%
|
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|
PERFORMANCE
ALERT
|
|||||
|
STOCK
|
Initiation
dates
|
Initiation
price
|
Target
Price
|
Action
|
Returns
|
|
TOPGLOV (7113)
|
08/06/2015
|
RM5.47
|
-
|
Trading
Sell
|
-
|
|
XINHWA (5267)
|
03/08/2015
|
RM1.03
|
1.20
|
Buy
Back
|
-
|
|
KAREX (5247)
|
07/08/2015
|
RM3.10
|
RM3.80
|
Buy
Back
|
-
|
|
Performance
|
|
|
Positive
|
|
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Negative
|
|
|
Neutral
|
|
