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FLOWS
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Tuesday, 15 September, 2015
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BUY
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MAYBANK,
CIMB, MISC
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SELL
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PCHEM,
UMW, ASTRO
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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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SLP (7248)
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15/09/2015
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RM1.63
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SELL into STR
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RM1.40
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Stock has gained 36% over past 4 weeks on the back
of better than expected profits mainly derived from the stronger USD and more
effective cost management. We feel these positives are already priced in
currently. Technical indicators point to an overbought position with daily
and weekly RSIs at 70 and 71 respectively, trading at the upper range of its
Bollinger band. Trades at 14.8x FY16 PER vs 5-yr historical average of 12x;
Sell into Strength with buy-back at more attractive valuation of RM1.40 on
12.7x FY16 PER.
(SPK)
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IJM (3336)
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15/09/2015
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RM3.18
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ACCUMULATE
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RM3.70
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IJM (RM3.18) – daily chart appears bullish having formed an
inverted hammer and weekly macd cutting up. Stock is likely to see improved
trading liquidity following recent bonus issue whilst supported by a positive
construction outlook particularly in public sector projects in which IJM is
expected to secure job worth RM1.5-2bn of its RM20bn tender book in the next
2 years. Its order book of RM7bn (highest in sector) provides earnings
visibility over next 2-3 years, in addition to 4900ac of undeveloped landbank
worth an estimated RM30bn in GDV. Immediate catalysts inc above-ground MRT2
packages award, special dividend from recently disposed Indian highway and
potential sale of 32ac Penang land. Trades at 14.7x FY17 vs 5-yr historical
average of 19.2x and 2.5% yield; Accumulate (TP: RM3.70 on 17x FY17 PER).
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Calls for SEPT WEEK 1 WEEK 2 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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TGUAN (7034)
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08/09/2015
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RM1.71
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ACCUMULATE
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RM1.92
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RM1.75
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+2.3%
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GENP (2291)
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08/09/2015
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RM9.87
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TRIM
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BB - RM4.60
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RM9.75
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-1.3%
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MMSV (0113)
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09/09/2015
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RM0.65
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BUY
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RM0.75
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RM0.685
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+5.3%
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GHLSYS (0021)
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09/09/2015
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RM1.00
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SELL into STR
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-
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RM0.99
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-1.0%
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WCT (9679)
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10/09/2015
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RM1.26
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BUY on weakness
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RM1.46
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RM1.24
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-1.6%
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PCHEM (5183)
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10/09/2015
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RM6.04
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TRIM
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-
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RM6.00
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-0.7%
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TNLOGIS (8397)
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11/09/2015
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RM1.02
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BUY on weakness
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RM1.16
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RM1.03
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+0.9%
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MATRIX (5236)
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11/09/2015
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RM2.30
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BUY
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RM2.80
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RM2.31
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+0.4%
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PENERGY (5133)
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14/09/2015
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RM1.03
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ACCUMULATE
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RM1.33
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RM1.07
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+3.8%
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UNISEM (5005)
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14/09/2015
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RM1.89
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Trading BUY
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RM2.26
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RM1.92
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+1.5%
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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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