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FLOWS
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Wednesday, 23 September, 2015
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BUY
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ASTRO GENM
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SELL
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PCHEM,
MISC
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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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GENP (2291)
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23/09/2015
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RM10.18
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TRIM
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-
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Stock
has rebounded strongly by 20% fm its recent low & is now trading at its
upper end of its trading band. In view of the potential for further lower
guidance on crop pdtn due to the recent extremely dry weather & >100
hotspots detected in Kalimantan, the weakening MYR exacerbating their
exposure to USD loan (54% of total loan) & CPO ytd average price of
RM2,189/ton is 12% below last year’s same period average of RM2,475/ton, GENP
may likely be reporting the 3rd consecutive qtr of below consensus earnings.
GENP trades at FY15 PER of 29.1x, above its 5-yr average of 18.3x. Trim
(PT)
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NAIM (5073)
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23/09/2015
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RM2.23
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BUY
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RM2.80
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One of the few stocks where
its weekly macd has recently flashed a buy signal. Trading at prospective PER
of 7.9x vs peers average of > 11x, p/bk of 0.42x vs 5-yr average of 0.73x,
and being one of the largest Sarawak contractors, Naim will benefit from the
RM27b Pan-Borneo Highway (which is fully govt-funded & esp after last
wk’s PM’s statement on the importance of the highway to Sarawak & Sabah
development) & other massive projects under the SCORE blueprint. Buy
(TP:RM2.80, FY16 PER 10x)
(PT)
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Calls for SEPT 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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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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RM1.72
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+5.5%
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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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RM3.37
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+5.9%
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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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RM0.70
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+8.5%
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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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RM3.26
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-1.3%
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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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RM3.45
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-0.9%
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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 STR
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-
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RM6.56
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-3.0%
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UZMA (7250)
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21/09/2015
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RM2.07
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Trading SELL
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BB -RM1.72
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RM2.03
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-2.0%
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SENDAI (5205)
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21/09/2015
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RM0.80
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ACCUMULATE
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RM1.00
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RM0.775
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-3.2%
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HOHUP (5169)
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22/09/2015
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RM0.93
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ACCUMULATE
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RM1.37
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RM0.905
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-2.7%
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AIRPORT (5014)
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22/09/2015
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RM5.38
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TRIM
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RM1.00
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RM5.48
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+1.8%
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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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SASBADI (5252)
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01/09/2015
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RM2.25
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RM2.65
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Take Profit
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+17.7%
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AIRPORT (5014)
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03/09/2015
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RM4.41
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RM5.58
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Take Profit
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+25.6%
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UZMA (7250)
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04/09/2015
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RM1.73
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RM2.00
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Take Profit
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+15.6%
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Performance
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Positive
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Negative
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Neutral
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