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FLOWS
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Thursday, 19 November, 2015
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BUY
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TENAGA,
UEMS
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SELL
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SIME, FGV,
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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MUHIBBAH (5703)
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19/11/2015
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RM2.18
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ACCUMULATE
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RM2.70
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Healthy orderbook
of RM2.5bil will provide earnings visibility for at least the next 2 years.
Company is a good proxy to infra play in Msia MRT2, LRT3 n highway
subcontract jobs other than RAPID that’s expected be awarded in the 2H. As
investors are selectively picking o&g names ahead of the potential
stabilization in oil price towards the year end we believe Muhibbah is an
attractive proxy to accumulate with undemanding valuations of only 8.6x for
FY16 vs 7 years of 20x. Share price consolidated within a tight band (RM2.12
– RM2.26) squeezing the bollinger band. Break out neckline seen at RM2.23,
immediate support seen at RM2.14. BUY on weakness with a TP of RM2.70 which
implies only 12.5x PE.
(RL)
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Calls for NOV WEEK 2 WEEK 3 2015
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STOCK
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Initiation Dates
|
Initiation price
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BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
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AHEALTH (7090)
|
12/11/2015
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RM3.75
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ACCUMULATE
|
RM4.20
|
RM3.75
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0.0%
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WEIDA (7111)
|
12/11/2015
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RM1.94
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TRIM
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RM1.72
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RM2.10
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+8.2%
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ENGTEX (5056)
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13/11/2015
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RM1.14
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BUY
on weakness
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RM1.14
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RM1.14
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0.0%
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FLBHD (5197)
|
13/11/2015
|
RM2.49
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TRIM
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RM2.49
|
RM2.68
|
+8.0%
|
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UNISEM (5005)
|
16/11/2015
|
RM2.38
|
SELL
into STR
|
RM2.38
|
RM2.32
|
-2.6%
|
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MALAKOF(5264)
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16/11/2015
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RM1.65
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ACCUMULATE
|
RM1.96
|
RM1.64
|
-0.6%
|
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IJM (3336)
|
17/11/2015
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RM3.25
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ACCUMULATE
|
RM3.68
|
RM3.27
|
+0.6%
|
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KNM (7164)
|
17/11/2015
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RM0.51
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ACCUMULATE
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RM0.65
|
RM0.51
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0.0%
|
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DOLPHIN (5265)
|
18/11/2015
|
RM0.785
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ACCUMULATE
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-
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RM0.78
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-0.7%
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Performance
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Positive
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Negative
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Neutral
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