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FLOWS
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Monday, 26 October, 2015
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BUY
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SKPRETRO,
MISC, DIGI
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SELL
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TM,
GENTING, CIMB
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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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ASTRO (6399)
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26/10/2015
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RM2.88
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BUY
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RM3.20
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Stock is currently trading at 2 std deviation
fm its 5-yr average mean forward PER of 28.1x (FY1/17 PER 19.7x), a
statistically-proven minimal risk area to establish a position. The 2Q16
results reported recurring earnings +17% yoy & EBIT +19%yoy, with
significant improvement in cash generation, FCF in 1H16 increasing
to RM240m fm -RM60m in 1H15. Consensus div yield for FY1/17 is 4.86% - an
attractive return while sitting through the current volatility in
emerging mkts. Astro also has good growth prospects with its recently
launched On Demand (OD) Entertainment & the completely revamped
Astro-on-the-Go platform to address shifting content consumption trends &
to attract the younger generation subscribers using smart mobile devices.
E-commerce via the homeshopping segment is the other key growth driver. It
recorded RM75m in its 1st half year of operations & is targeted to grow
to RM150m-200m in FY16 with its captured mkt of 4.6m households. Astro
is launching its 2nd homeshopping channel, targeted at the Chinese
population, soon. Its 1st channel was targeted at the Malay population. Buy
(TP: RM3.20).
(PT)
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TMCLIFE (0101)
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26/10/2015
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RM0.575
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ACCUMULATE
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RM0.69
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Price chart is showing a potential flag
pattern with significant upside upon break-out of the current consolidation
phase. Its weekly macd has already turned constructive. Fundamentally, even
b4 the reported 34% increase in hospital beds on 9/9/15, the 1Q16 results
ended 8/15 showed net profit increased by 290% yoy due to higher patient
load fm additional consultants recruited. With this boost in capacity, the
ensuing quarters will see similar robust results. Long-term outlook is
also attractive with the recent completed the acquisition of Thomson Iskandar, a medical hub
project located in Johor Bahru. This is via the purchase of 100% BB
Waterfront S/B - issuing 533.33m new shares (priced @ RM0.75 each, 30% higher
than current px) & 266.66m free warrants. This, together with
the current expansion plan for Tropicana Medical Centre, will see the
co operating 1,100 beds by early 2019, catering to domestic &
regional patients. Last
week, the new CEO confirmed the co is considering the
possibilities of collaborating with Singapore-based sister co, Thomson
Medical Pte Ltd, to extend
TMCLife's regional reach. Accumulate (TP: RM0.69).
(PT)
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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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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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RM4.20
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-1.2%
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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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RM7.51
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+3.3%
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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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RM1.36
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+7.0%
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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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RM1.85
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+2.2%
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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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RM1.11
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+7.7%
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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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RM1.19
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+0.8%
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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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RM0.86
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+1.7%
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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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