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FLOWS
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Wednesday, October 28, 2015
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BUY
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TM, GAMUDA
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SELL
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TENAGA,
CMSB, AIRPORT
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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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CANONE (5105)
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28/10/2015
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RM3.06
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TRIM
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RM2.80
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The
stock has gain over 30% in the past few weeks . The tin can manufacturer owns
a 32.9% stake in Kian Joo. n November 2013, Aspire Insight Sdn Bhd made an
offer to take over Kian Joo at RM1.47bil or RM3.30 per share. The parties
involved have until March 23, 2016 to sign a definitive agreement - the
fourth extension in two years running to fulfil all the relevant conditions.
Its latest qtr numbers shows its net debt of RM192m thus a possible sale of
its KJoo satke @ RM3.30 see the company turn into a net cash basis of RM290m.
This however remains a big IF. With the recent sharp run up and technical in
an extreme over bought position we recommend a trim with a buy back target of
RM2.80.
(DN)
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PADINI (7052)
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28/10/2015
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RM1.59
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TRIM
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RM1.45
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Achieved fundamental target fueled by better
than expected qtr ended June. The company will however continue to face
headwinds from margin compression as a result of absorbing the GST as weak
consumer sentiment prevails and furthermore with 12 new outlets opening in
FY16, cost will continue to escalate (over the gestation period) as they now
rely more heavily on value for money brands under their “Brands Outlets”. The
rise from a low of RM1.30 to RM1.60 has seen the stock hit most research
house call targets coupled with RSI touching 80 and MACD an overbought
position. Trim with a buy back target of RM1.45 with a potential div yield of
6.8%.
(DN)
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Calls for OCT WEEK 3 WEEK 4 2015
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STOCK
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Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
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|||
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SCABLE (5170)
|
21/10/2015
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RM1.48
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BUY
|
RM1.75
|
RM1.46
|
-1.4%
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|||
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HUAYANG (5062)
|
22/10/2015
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RM1.81
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BUY
|
RM2.04
|
RM1.86
|
+2.7%
|
|||
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WTK (4243)
|
22/10/2015
|
RM1.03
|
Trading
BUY
|
RM1.20
|
RM1.09
|
+5.8%
|
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WASEONG (5142)
|
23/10/2015
|
RM1.18
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ACCUMULATE
|
RM1.47
|
RM1.19
|
+0.8%
|
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CENTURY (7117)
|
23/10/2015
|
RM0.845
|
Trading
BUY
|
RM1.00
|
RM0.845
|
0.0%
|
|||
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ASTRO (6399)
|
26/10/2015
|
RM2.88
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BUY
|
RM3.20
|
RM2.90
|
+0.6%
|
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TMCLIFE (0101)
|
26/10/2015
|
RM0.575
|
ACCUMULATE
|
RM0.69
|
RM0.565
|
+1.8%
|
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PARAMON (1724)
|
27/10/2015
|
RM1.64
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ACCUMULATE
|
RM2.20
|
RM1.64
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0.0%
|
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CMSB(2852)
|
27/10/2015
|
RM5.30
|
BUY
|
RM06.00
|
RM5.31
|
+0.1%
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PERFORMANCE
ALERT
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|||||
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STOCK
|
Initiation dates
|
Initiation price
|
Target Price
|
Action
|
Returns
|
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AIRPORT (5014)
|
03/09/2015
|
RM4.41
|
RM5.58
|
Take Profit
|
+25.6%
|
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UZMA (7250)
|
04/09/2015
|
RM1.73
|
RM2.21
|
Take Profit
|
+27.7%
|
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UMWOG (5243)
|
28/09/2015
|
RM1.30
|
RM1.05
|
Buy Back
|
-
|
|
Performance
|
|
|
Positive
|
|
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Negative
|
|
|
Neutral
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|
