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FLOWS
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Wednesday, 21 October, 2015
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BUY
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IJM, CMSB
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SELL
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TOPGLOV,
AXIATA
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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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GDEX (0078)
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21/10/2015
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RM1.27
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TAKE
PROFIT
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BB – RM1.15
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The stock has put on an impressive gain of
51% since touching a low of 84c in late Aug.
Fundamentally online shopping transaction volume trends from market
places continue to maintain GDEX’s momentum, however higher staffing cost and
increase depreciation as a result of a larger fleet has eaten into margins.
No doubt the company remains on a high growth path trajectory but currently
trading at a PE of 43x 2016 we feel that immediate upside has been priced in
and would prefer to trim at this juncture with a buy back in at RM1.15
levels.
(DN)
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SCABLE (5170)
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21/10/2015
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RM1.48
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BUY
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RM1.75
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Fortunes have been improving after securing RM200m new orders
especially from high voltage cables which command a higher margin. Order book
now stands at RM500m and with the added capacity from last year’s acq of Universal
Cable and Leader Cable the company hopes to grow its export rev with an order
book target RM1bn. Current rally has driven the price convincingly above the
SMA200 of RM1.38 which should now provide initial price support. Technically
however its MACD is showing a sell signal divergence hence we are
recommending an accumulate ard the RM1.40 lvls with a fwd PE of 7x. Short
term target of RM1.75 or 8.9x fwd PE.
(DN)
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Calls for OCT WEEK 2 WEEK 3 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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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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RM2.83
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-1.1%
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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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RM0.915
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+0.5%
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HSL (6238)
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15/10/2015
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RM1.87
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BUY
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RM2.30
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RM1.91
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+2.1%
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UZMA (7250)
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16/10/2015
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RM2.24
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TRIM
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BB - RM2.00
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RM2.21
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-1.4%
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ENGTEX (5056)
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19/10/2015
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RM1.13
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BUY
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RM1.42
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RM1.13
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0.0%
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TUNEPRO (5230)
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19/10/2015
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RM1.33
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BUY
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RM1.68
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RM1.37
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+3.0%
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ULICORP (7133)
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20/10/2015
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RM4.25
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TAKE
PROFIT
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RM3.60
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RM4.17
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-1.9%
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GENTING (3182)
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20/10/2015
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RM7.27
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ACCUMULATE
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RM8.14
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RM7.18
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-1.3%
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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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RM2.21
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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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