FLOWS
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Monday, October 12, 2015
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BUY
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GAMUDA,
SKPETRO
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SELL
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TENAGA,
IOICORP
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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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MAGNUM (3859)
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13/10/2015
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RM2.70
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SWITCH
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Both
NFO operators have been experiencing post GST blue with revenue contraction in
the past few quarters. Magnum’s price has recovered from the disappointing
numbers bouncing from a recent low of RM2.54. At RM2.70 the stock is
approaching a technical overbought situation as RSI now 77 and a wide
divergence in its MACD. We recommend a switch to BJtoto at this juncture with
a forward yield of 6.9% vs Magnum’s 6%. (DN)
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PUNCAK (6807)
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13/10/2015
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RM2.86
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BUY
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RM3.40
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Puncak has received
confirmation that all conditions precedent in the sale and purchase agreement
(SPA) for the Selangor water takeover deal have been fulfilled and satisfied.
It was also given confirmation by Pengurusan Air Selangor Sdn Bhd (Air
Selangor) that the RM1.55 billion water agreement will be completed by Oct
15, 2015. With Air Selangor’s endorsement, the eight-year saga on the water
assets transfer in Selangor will finally come to an end. Under the master agreement, Puncak Niaga
will hand over its subsidiaries – Puncak Niaga (M) Sdn Bhd and Syarikat
Bekalan Air Selangor (Syabas) – to the state government’s Air Selangor in
return for RM1.55 billion in cash. Puncak in the past has expressed its
intention to pay out RM534 million, or RM1 per share on a fully diluted
basis, as cash dividends when the deal is completed. With the deal on the
verge of completion, we expect the stock to break out above its immediate
resistance levels of RM3.04 for an ultimate target of RM3.40. BUY. (DN)
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Calls for OCT 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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WCT (9679)
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06/10/2015
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RM1.45
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SELL into STR
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RM1.33
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RM1.40
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+3.4%
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DRBHICOM(1619)
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06/10/2015
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RM1.41
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SELL
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RM1.28
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RM1.35
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-0.7%
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MUHIBBAH (5703)
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07/10/2015
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RM2.08
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BUY
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RM2.70
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RM2.23
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+6.2%
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KAREX (5247)
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07/10/2015
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RM3.24
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BUY
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RM3.68
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RM3.32
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+3.0%
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COASTAL (5071)
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08/10/2015
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RM2.07
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ACCUMULATE
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RM2.46
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RM2.19
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+4.3%
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CBIP (7076)
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08/10/2015
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RM2.06
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Trading BUY
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RM2.34
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RM2.02
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-1.5%
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SIME (4197)
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09/10/2015
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RM8.76
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TRIM
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RM7.88
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RM8.76
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-0.2%
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AFG (2488)
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09/10/2015
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RM3.64
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ACCUMULATE
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RM3.92
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RM3.58
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-3.9%
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PCHEM (5183)
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12/10/2015
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RM6.54
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TRIM
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BB - RM5.65
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RM6.53
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-0.1%
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POS (4634)
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12/10/2015
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RM3.79
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BUY
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RM4.24
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RM3.80
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+0.3%
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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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RM2.00
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Take Profit
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+15.6%
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UMWOG (5243)
|
28/09/2015
|
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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