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FLOWS
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Thursday, 15 October, 2015
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BUY
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AXIATA,
RHBCAP
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SELL
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PETGAS,
GENM
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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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GLOMAC (5020)
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15/10/2015
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RM0.91
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BUY
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RM1.05
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We are positive on its recent move to
monetize its 16.9hectare land (RM145.6mil) in Ulu Langat to PR1MA as the
group will gain net RM83mil boosting NAV to RM1.40 from 1.31 and reducing the
group’s net gearing to 25%, enabling it to further seek out more lucrative
land banks in the current down turn n the sector. Glomac also saw an uptick
in sales in Q4 to meet consensus due to the new sales contributed by Saujana
KLIA & LakeSide Residence. In 2016, Glomac has lined up RM802mil worth of
launches next year with key focus on landed houses. Technical chart appears
encouraging as it formed a head and shoulder pattern (RM0.735-RM0.88) with a
breakout neckline at RM0.90. Share price also cut above the 200SMA which will
act as a strong support for the price. Valuations undemanding at 6x PE FY16,
0.65x PB, and 5.7% div. BUY with an imme TP of RM1.05.
(RL)
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HSL (6238)
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13/10/2015
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RM1.87
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BUY
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RM2.30
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Following the strong rebound in construction names
recently, we think it’s timely to accumulate HSL as it trades near its major
support of RM1.81. Armed with RM870mil o/s order which will provide earnings
visibility for at least nxt 2 yrs, this prominent Swak contractor is still
gunning for several high profile projects, namely Phase 2 Kuching Centralized
Wastewater System (RM0.8b), Pan
Borneo Highway (RM27b) & various infra
projects under SCORE which is exp to be rolled out thruout 2015. Group
also has a healthy constr margins (14%~ vs ind avg EBIT margin of 7%), strong bal sheet w net cash of
28c/share. Currently trading @ an undemanding 11x FY 16 PE. Stochastics
pending a buy entry; MACD turned up as the volume spiked over the last 3
trading days. we reiterate our Accum call w TP of RM2.20 based on 13x PE
FY16.
(RL)
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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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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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+7.2%
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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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RM3.33
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+2.7%
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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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RM2.16
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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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RM2.01
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-2.5%
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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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RM8.68
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-1.0%
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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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RM3.64
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-0.0%
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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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RM6.52
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-0.4%
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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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RM3.77
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-0.6%
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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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RM2.72
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+0.7%
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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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RM2.87
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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)
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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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