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FLOWS
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Friday, 16 October, 2015
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BUY
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PCHEM,
GAMUDA, DIALOG
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SELL
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MAXIS
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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
|
TARGET PRICE
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UZMA (7250)
|
16/10/2015
|
RM2.24
|
TRIM
|
BB - RM2.00
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The share price has gained c30% following our Buy
call in early September. This was largely on the back of the group’s
Tanjung Baram RSC oilfields having started producing oil and management’s
guidance on earnings growth, acquisition strategy and the smooth progression
of the D18 Water Injection Facility contract. Existing OB stands at RM2.2b
with bid book nearing RM5b. We reckon the positives have largely been
factored in. Valuation appears fair at 9.5x FY16, about 30% discount to
O&G big caps. Risks ahead include delay in contract disbursements,
execution risks and a prolonged low oil price environment. Given the
uncertain oil price direction and with RSI at 63, we suggest to Trim into
current strength. (Buyback at support of RM2.00).
 |
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Calls for OCT WEEK 1 WEEK 2 2015
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STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
|
|||
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COASTAL (5071)
|
08/10/2015
|
RM2.07
|
ACCUMULATE
|
RM2.46
|
RM2.12
|
+2.4%
|
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CBIP (7076)
|
08/10/2015
|
RM2.06
|
Trading BUY
|
RM2.34
|
RM2.02
|
-2.0%
|
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|
SIME (4197)
|
09/10/2015
|
RM8.76
|
TRIM
|
RM7.88
|
RM8.57
|
-2.2%
|
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AFG (2488)
|
09/10/2015
|
RM3.64
|
ACCUMULATE
|
RM3.92
|
RM3.66
|
+0.5%
|
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PCHEM (5183)
|
12/10/2015
|
RM6.54
|
TRIM
|
BB - RM5.65
|
RM6.49
|
-0.8%
|
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|
POS (4634)
|
12/10/2015
|
RM3.79
|
BUY
|
RM4.24
|
RM3.85
|
+1.5%
|
|||
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MAGNUM (3859)
|
13/10/2015
|
RM2.70
|
SWITCH
|
|
RM2.70
|
0.0%
|
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PUNCAK (6807)
|
13/10/2015
|
RM2.86
|
BUY
|
RM3.40
|
RM2.87
|
+0.3%
|
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GLOMAC (5020)
|
15/10/2015
|
RM0.91
|
BUY
|
RM1.05
|
RM0.905
|
-0.6%
|
|||
|
HSL (6238)
|
13/10/2015
|
RM1.87
|
BUY
|
RM2.30
|
RM1.87
|
0.0%
|
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PERFORMANCE
ALERT
|
|||||
|
STOCK
|
Initiation dates
|
Initiation price
|
Target Price
|
Action
|
Returns
|
|
AIRPORT (5014)
|
03/09/2015
|
RM4.41
|
RM5.58
|
Take Profit
|
+25.6%
|
|
UZMA (7250)
|
04/09/2015
|
RM1.73
|
RM2.00
|
Take Profit
|
+15.6%
|
|
UMWOG (5243)
|
28/09/2015
|
RM1.30
|
RM1.05
|
Buy Back
|
-
|
|
Performance
|
|
|
Positive
|
|
|
Negative
|
|
|
Neutral
|
|
