Monday, November 30, 2015

Morning Call | 30 November 2015


FLOWS
Friday, 27 November, 2015
BUY
PBBANK
SELL
TENAGA, UEMS, MAYBANK
STOCK ALERT
STOCK NAME
DATE
PRICE
BUY/SELL
TARGET PRICE
OCK (0172)
30/11/2015
RM0.705
BUY
RM1.00
As OCK moves closer to finalising a contract to build 900 towers from Telenor Myanmar, Co is further cementing itself as an independent ASEAN tower company in the longer term. Recently reported 3Q results were also very positive as both top and bottom lines rose 75% and 63% YoY respectively. Share price looking bullish as it trades above all short term moving averages having recently crossed above the 100 day moving average and MACD cutting upwards. Trades at 10x fwd PER with a 3-yr earnings CAGR of 39%; Buy with a TP of RM1.00.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
CENTURY (7117)
30/11/2015
RM0.81
BUY
RM0.81
Share price has consolidated well at current levels with strong support seen at RM0.81 and volume noticeably gaining momentum. RSI has been flat @ 40 with daily macd ticking upwards with a golden cross in sight. As Co doesn’t have any ongoing contracts with Nestle, we feel the risk of revenue loss is nil, further mitigated by its diversified clientele base. Futhermore, Co is a direct beneficiary of the TPP from the expected surge in trade. Trades at 10x fwd PER and 5% yield; Buy with a TP of RM0.97.
 
 
Calls for  NOV WEEK 3 WEEK 4 2015
STOCK
Initiation Dates
Initiation price
BUY/SELL
TARGET PRICE
LAST PRICE
% Change since Initiated
CMSB (2852)
23/11/2015
RM5.02
BUY
RM5.70
RM5.11
+1.7%
EVERGRN (5101)
23/11/2015
RM2.14
BUY
RM2.50
RM2.09
-2.4%
SIME (4197)
24/11/2015
RM8.00
BUY
RM9.00
RM8.05
+0.6%
MHB (5186)
24/11/2015
RM1.07
ACCUMULATE
RM1.42
RM1.07
+0.0%
YTL (4677)
25/11/2015
RM1.50
ACCUMULATE
RM1.75
RM1.56
+4.0%
IKHMAS (5268)
25/11/2015
RM0.705
TRADING BUY
RM0.88
RM0.685
-2.9%
DSONIC (5216)
26/11/2015
RM1.66
TRIM
-
RM1.60
-3.7%
CBIP (7076)
26/11/2015
RM1.93
ACCUMULATE
RM2.29
RM1.95
+1.0%
RHBCAP-OR (1066OR)
27/11/2015
RM0.645
BUY
-
RM0.63
-2.4%
TGUAN (7034)
27/11/2015
RM2.72
TAKE PROFIT
-
RM2.65
-2.6%
 
 
Performance
Positive
 
Negative
 
Neutral