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FLOWS
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Thursday, 8 October, 2015
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BUY
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IJM, DIGI,
MAYBANK
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SELL
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GENM
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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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COASTAL (5071)
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08/10/2015
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RM2.07
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ACCUMULATE
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RM2.46
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The
share price has retreated c25% over the past 3 month. 1H results were in line,
with a stronger 2H performance expected with the disposal gain of its first
jack up unit yet to be recognized. At its shipbuilding unit, group has
order-books of RM1.1bn worth of vessels contracted to clients, with another
RM1bn estimated worth of build-to-stock vessels, providing earnings
visibility until 2017. It will also register it’s maiden full year
contribution from the rig chartered to PEMEX on a 12-year contract next year,
thereby providing higher earnings stability. Trading at an undemanding 6.7x
FY16, Accumulate on stronger earnings visibility & stability. (TP RM2.46
on 8x FY16)
(AK)
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CBIP (7076)
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08/10/2015
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RM2.06
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Trading BUY
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RM2.34
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Interest
in the stock has picked up, largely due to sector optimism following firmer CPO
prices. Despite the rise in price, the group is still only trading at 11.4x
FY16. 1HFY15 results were within consensus. The palm oil mill engineering
division still sees good earnings visibility until 2016 ( OB of RM539m as at
end 2Q15, compared to RM270m in FY14 ) and the appreciation of the USD
against MYR is positive as 40% of the OB is denominated in USD. Catalysts
ahead include improvement in contract procurement for the Retrofitting
Special Purpose Vehicle (RSPV) division, early commercialization of the zero
discharge waste management system & potential M&A activity – Trading
Buy ( TP RM 2.34, 13x FY16).
(AK)
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Calls for SEPT WEEK 4 OCT WEEK 1 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
|
% Change
since Initiated
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|||
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VSI (6963)
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01/10/2015
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RM1.44
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TRIM
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RM1.20
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RM1.46
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+1.3%
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TEOSENG (7252)
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01/10/2015
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RM1.52
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ACCUMULATE
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RM2.30
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RM1.61
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+5.9%
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IOICORP (1961)
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02/10/2015
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RM4.40
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TRIM
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-
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RM4.30
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-2.3%
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GASMSIA (5209)
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02/10/2015
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RM2.48
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TRIM
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-
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RM2.40
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-3.3%
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PETGAS (6033)
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05/10/2015
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RM22.04
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TRIM
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RM20.10
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RM22.62
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+2.6%
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MBSB (1171)
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05/10/2015
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RM1.60
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ACCUMULATE
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RM1.90
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RM1.58
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-1.3%
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WCT (9679)
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06/10/2015
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RM1.45
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SELL into STR
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RM1.33
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RM1.48
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+2.0%
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DRBHICOM(1619)
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06/10/2015
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RM1.41
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SELL
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RM1.28
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RM1.39
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-1.5%
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MUHIBBAH (5703)
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07/10/2015
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RM2.08
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BUY
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RM2.70
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RM2.14
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+2.8%
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KAREX (5247)
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07/10/2015
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RM3.24
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BUY
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RM3.68
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RM3.24
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0.0%
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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)
|
04/09/2015
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RM1.73
|
RM2.00
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Take Profit
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+15.6%
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UMWOG (5243)
|
28/09/2015
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RM1.30
|
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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