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FLOWS
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Friday, 21 August, 2015
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BUY
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SUPERMX,
IOICORP, AIRPORT
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SELL
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TENAGA,
ARMADA, 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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PWROOT (7237)
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21/08/2015
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RM2.29
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Take Profit
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BB – RM1.88
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Stock
has gained 34% in past 3 months and is trading at close to overbought levels
with RSI at 65 and macd converging. The recently reported Malaysian Consumer
Confidence Index was at 71.7 which is close to its all time low of 70.5
recorded in 2Q’08. This is likely to put further pressure on PWROOT’s margins
as price competition intensifies and more A&P activities are required to
maintain market share. Furthermore, Co will see spending on additional capex
(US$14mil) to 3Q’16 on its new factory in the UAE. Trades at 15.3x PER and 3x
p/bk FY16 (vs 5 yr historical average of 12.4x PER & 1.7x p/bk), we
recommend a Take Profit. (Buy back RM1.88 on 12.6x FY16 PER).
(SPK)
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DELEUM (5132)
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21/08/2015
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RM1.05
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ACCUMULATE
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RM1.50
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Price
has retraced 36% in past 3 months with RSI oversold at 22 and macd cutting
up. We reckon this is an opportune time to accumulate an undervalued stock as
it trades at only 6x PER and 1.1x p/bk (vs 5 yr historical average of 8.6x
PER & 1.6x p/bk) supported by a 9-12% dividend yield. With a RM3.5bn
order book consisting of long term contracts, we see earnings visibility
moving forward. Furthermore, in a low oil px environment, we expect to see
Oil Cos focusing on improving operational efficiency which benefits DELEUM
especially well maintenance and services. Accumulate on weakness. (TP: RM1.50
on 8.5x FY16 PER).
(SPK)
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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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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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RM0.85
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-0.6%
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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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RM2.10
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-1.0%
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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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RM1.82
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-6.2%
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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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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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RM2.73
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+1.8%
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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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RM13.02
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+0.3%
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IJMPLNT (2216)
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19/08/2015
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RM3.30
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TRIM
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RM3.00
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RM3.30
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0.0%
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IHH (5225)
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19/08/2015
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RM5.65
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TRIM
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RM5.08
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RM5.58
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-1.3%
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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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-
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RM8.00
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0.0%
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GAMUDA (5398)
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20/08/2015
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RM4.00
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ACCUMULATE
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RM4.60
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RM4.10
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+0.1%
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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)
|
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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