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FLOWS
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Friday, 18 September, 2015
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BUY
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ASTRO,
MAYBANK
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SELL
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GENTING,
AXIATA
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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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AFG (2488)
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18/09/2015
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RM3.48
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ACCUMULATE
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RM3.90
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Since our trim call (29th May) share price has
fallen 23% and appears to have set a strong base at RM3.40 level. AFG is
playing laggard to Banking sector rebounding only 4% from its recent low of
RM3.34. Although earning was weaker due to lower non interest income, 1Q16
loan growth was commendable at 12.5% yoy driven by SME segment. LDR at 85%
also supports its capacity to lend when economy strengthens. Valuation is
reasonable at 9.5xCY16 PER w div yield of 4.8%. Accumulate w TP: RM3.90.
(TYK)
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MAXIS (6012)
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18/09/2015
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RM6.76
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SELL INTO STRENGTH
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-
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MAXIS (RM6.76): Share price has rebounded inline w
the recovery in the overall market. However share price is approaching its
strong resistance level of RM6.90-7.00. Market competition has also been
stiff w price wars among telcos. We advocate a sell into strength given the
unattractive dividend yield of 3.8% for FY15.
(TYK)
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Calls for SEPT WEEK2 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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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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RM0.67
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+3.1%
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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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RM1.01
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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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RM1.29
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+2.4%
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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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RM6.15
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+1.8%
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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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RM1.07
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+4.9%
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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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RM2.33
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+1.3%
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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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RM1.10
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+6.8%
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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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RM1.97
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+4.2%
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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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RM1.62
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-0.6%
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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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RM3.40
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+6.9%
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IKHMAS (5268)
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17/09/2015
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RM0.645
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BUY
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RM0.75
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RM0.645
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+0.0%
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EDGENTA (1368)
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17/09/2015
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RM3.30
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ACCUMULATE
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RM3.68
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RM3.40
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+3.0%
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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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Performance
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Positive
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Negative
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Neutral
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