|
FLOWS
|
Monday, 19 October, 2015
|
||||||||
|
BUY
|
GENTING,
WPRTS,
|
||||||||
|
SELL
|
MISC,
TENAGA, MAYBANK
|
||||||||
|
STOCK ALERT
|
|||||||||
|
STOCK NAME
|
DATE
|
PRICE
|
BUY/SELL
|
TARGET PRICE
|
|||||
|
ENGTEX (5056)
|
19/10/2015
|
RM1.13
|
BUY
|
RM1.42
|
|||||
|
Stock
is a beneficiary of the Selangor state govt's exp move to reduce the
high NRW of >37% now that it has completed the takeover
of Puncak Niaga's water treatment plants & distribution
infrastructure. Engtex is among the top 2 players in Msia by mkt share &
shd benefit substantially in any step-up in spending in an estimated
RM5.4b pipe industry. Valuation is attractive with historical FY14 PER
of 6.65x & p/bk of 0.75x on existing environment, before the anticipated
boost in demand from the increased spending. Weekly macd has also turned
supportive with the recent +ve crossover. Buy (TP: 1.42)
(PT)
 |
|||||||||
|
TUNEPRO (5230)
|
19/10/2015
|
RM1.33
|
BUY
|
RM1.68
|
|||||
|
Travel
insurance business grew a strong 24% topline in 1H15 & is exp to do
better in 2H15 from a seasonally higher travel especially towards the
end of the year. The Msian non-life insurance unit is also exp to
sustained its 1h15 15% yoy increase in net profit performance. Hence, we
see 2H15 earnings reporting seasons as key rerating catalyst for the stock.
Trading at FY16 PER of 11.1x vs 5-year average of 18.2x, coupled with
attractive technicals & trading just off its early Oct low, TunePro is an
attractive proposition at current level. Buy (TP: 1.68)
(PT)
 |
|||||||||
|
|
|||||||||
|
Calls for OCT WEEK 1 WEEK 2 2015
|
|||||||||
|
STOCK
|
Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
|
|||
|
SIME (4197)
|
09/10/2015
|
RM8.76
|
TRIM
|
RM7.88
|
RM8.78
|
+0.2%
|
|||
|
AFG (2488)
|
09/10/2015
|
RM3.64
|
ACCUMULATE
|
RM3.92
|
RM3.60
|
-1.1%
|
|||
|
PCHEM (5183)
|
12/10/2015
|
RM6.54
|
TRIM
|
BB - RM5.65
|
RM6.49
|
-0.8%
|
|||
|
POS (4634)
|
12/10/2015
|
RM3.79
|
BUY
|
RM4.24
|
RM3.84
|
+1.3%
|
|||
|
MAGNUM (3859)
|
13/10/2015
|
RM2.70
|
SWITCH
|
|
RM2.71
|
+0.3%
|
|||
|
PUNCAK (6807)
|
13/10/2015
|
RM2.86
|
BUY
|
RM3.40
|
RM2.85
|
-0.4%
|
|||
|
GLOMAC (5020)
|
15/10/2015
|
RM0.91
|
BUY
|
RM1.05
|
RM0.905
|
-0.6%
|
|||
|
HSL (6238)
|
13/10/2015
|
RM1.87
|
BUY
|
RM2.30
|
RM1.95
|
+4.2%
|
|||
|
UZMA (7250)
|
16/10/2015
|
RM2.24
|
TRIM
|
BB - RM2.00
|
RM2.28
|
+1.7%
|
|||
|
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
|
|