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FLOWS
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Thursday, 29 October, 2015
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BUY
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TOPGLOV,
IJMPLNT
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SELL
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SIME,
MAXIS, MYEG
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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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PANTECH (5125)
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29/10/2015
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RM0.655
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BUY
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RM0.82
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Pantech is a one stop solutions provider for pipes ,fittings and flow
control components (carbon and stainless steel butt weld fittings, induction
long bends and stainless steel pipes) & is one of the primary
beneficiaries of RAPID. Despite the challenging outlook for the o&g
industry, the group is understood to have received its first orders of pipes
and fittings for RAPID and are expected to win more RAPID project supply
delivery contracts once it gains pace. Trading at undemanding FY 17 PE of
7.2x PE vs 7.9x 7 year avg, P/b 0.75x for FY17 div yield is attractive at
5.9%. Technical chart formed a bullish flag pattern with a 20 cents upside as
it tries to reclaim its position above the 200SMA (RM0.67). BUY
(RL)
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TAANN(5012)
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29/10/2015
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RM3.88
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BUY
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RM4.40
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Group has a young plantation profile (average approximately 6 years)
and expect to post double digit production growth (10-20%) for its FFB for
the next few years; its timber division is exp to post a rebound as it sees
steady growth in log asp and volume following the export ban by India and
Myanmar last year as well as improving demands. Outlook in the 2h exp to pick
up in numbers as well due to 1) Peak CPO production in 3Q 2)robust timber
demand that’s been picking up in tandem with Japan’s rising housing starts 3)
favourable exchange rates 4)recovery in CPO prices due to the worsening
elnino . Share price trading at undemanding FY16 PE of 10x (vs 7 year avg of
16.6x) and pays 5% div yield. Technical chart appears strong with MACD
cutting above while the share price attempts to create a new 1 year high. BUY.
(RL)
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Calls for OCT WEEK 3 WEEK 4 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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WTK (4243)
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22/10/2015
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RM1.03
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Trading
BUY
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RM1.20
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RM1.09
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+5.8%
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WASEONG (5142)
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23/10/2015
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RM1.18
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ACCUMULATE
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RM1.47
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RM1.19
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+0.8%
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CENTURY (7117)
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23/10/2015
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RM0.845
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Trading
BUY
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RM1.00
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RM0.845
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0.0%
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ASTRO (6399)
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26/10/2015
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RM2.88
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BUY
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RM3.20
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RM2.90
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+0.6%
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TMCLIFE (0101)
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26/10/2015
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RM0.575
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ACCUMULATE
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RM0.69
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RM0.565
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+1.8%
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PARAMON (1724)
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27/10/2015
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RM1.64
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ACCUMULATE
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RM2.20
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RM1.64
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0.0%
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CMSB(2852)
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27/10/2015
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RM5.30
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BUY
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RM06.00
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RM5.31
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+0.1%
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CANONE (5105)
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28/10/2015
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RM3.06
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TRIM
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RM2.80
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RM1.64
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0.0%
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PADINI (7052)
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28/10/2015
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RM1.59
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TRIM
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RM1.45
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RM5.31
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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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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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RM2.21
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Take Profit
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+27.7%
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UMWOG (5243)
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28/09/2015
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RM1.30
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RM1.05
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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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