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FLOWS
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Friday, 23 October, 2015
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BUY
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SKPETRO,
UEMS, PBBANK
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SELL
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GENM,
MISC, DIGI
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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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WASEONG (5142)
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23/10/2015
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RM1.18
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ACCUMULATE
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RM1.47
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The stock remains a laggard in the O&G
sector. This was likely due to the uninspiring 1HFY15 result, which was
dragged down by lower activities in the O&G division. However, over the
longer term, group has been successful in replenishing its OB with contracts
in hand at RM1.1b despite several project completions, translating to
replenishment of cRM800m over the past year. It has also announced 2 JVs in
Canada & India, paving the way for penetration into these new markets.
Contribution from new markets is anticipated in mid FY16. Tender-book
currently at RM5.0bn, comprising of more than RM4.0b of O&G bids with the
balance on renewable energy bids. Trading at an undemanding 8.8x FY16,
Accumulate (TP RM1.47 based on 11x FY16).
(AK)
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CENTURY (7117)
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23/10/2015
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RM0.845
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Trading
BUY
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RM1.00
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The share price has consolidated well after
the sharp fall in early August following news of Nestle’s demand of RM21.6m
for purported losses and damages. Management had argued that there is no
basis for the claim. Group has excellent exposure to the resilient nature of
the F&B sector, and is expected to generate solid earnings growth
averaging c18% over the next 2 years. It has the ability to secure new
contracts given its track record & established clientele. Expansion plans
are in place ( completion FY17).The logistics sector is also expected to
register resilient growth moving forward, CAGR of 11% over the next 5 years
backed by favorable customer mix (with FMCG, industrial, E&E
manufacturers), growing trend of outsourcing logistics services &
the prospect of E-Commerce underpinning the longer-term future of the sector.
Group also offer dividend yield of 5-6% over the next 2 years. Trading at
8.5x FY15, at a 50% discount to global logistics average & more than 50%
discount to F&B companies, Accumulate ( TM RM 1.00, 10x FY15)
(AK)
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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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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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RM2.14
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-4.5%
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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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RM1.16
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+2.6%
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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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RM4.27
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+0.4%
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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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RM7.47
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+2.7%
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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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RM1.32
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+3.9%
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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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RM1.53
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+3.3%
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HUAYANG (5062)
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22/10/2015
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RM1.81
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BUY
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RM2.04
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RM1.83
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+1.1%
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WTK (4243)
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22/10/2015
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RM1.03
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Trading
BUY
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RM1.20
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RM1.06
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+2.9%
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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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