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FLOWS
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Monday, 2 November, 2015
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BUY
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MAYBANK,
DIGI
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SELL
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SIME,
TOPGLOV
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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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TITIJYA (5239)
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2/11/2015
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RM1.72
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ACCUMULATE
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RM2.13
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The co announced another JV
for a proposed development of 2.47acres of prime land in Bukit Bintang on
Friday. This, together with its proposed JV Riveria development of 5.4acres
in Brickfields, is Titijaya's unique model of "landbanking" with
minimal holding costs which enables a RM607m mkt cap co to have a total GDV of
more than RM10b, yet enjoys a net cash position as at year end 30/6/15.
Titijaya has unbilled sales of RM732m which is 2.2x FY15 property development
revenue & is trading at 62% discount to RNAV of RM4.54, 17% steeper than
our firm's property developer universe's 53% average discount to RNAV. Weekly
macd has just cut upwards which denotes a positive trend into the
year-end/January market. Accumulate (TP: RM2.13)
(PT)
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KKB (9466)
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2/11/2015
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RM1.71
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TRIM
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-
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KKB (RM1.71) - the bounce in
KKB's price topped out at RM1.79 (exactly at the 61.8% retracement level)
with an overbought rsi of 75 in the middle of last week. The long black
candle on Friday confirmed the downside momentum. After reporting a sharp 75%
drop in 2QFY15 results, the next 2 quarters' results are likely to disappoint
again in view of the current bleak outlook in the O&G sector, depleting
conventional jobs in hand & the timing of contracts. KKB currently trades
at a forward 12.21x PER, 30% higher than 5 years average forward PER of
9.39x. Trim
(PT)
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Calls for OCT WEEK 4 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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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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RM0.555
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-3.5%
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PARAMON (1724)
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27/10/2015
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RM1.64
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ACCUMULATE
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RM2.20
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RM1.65
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+0.6%
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CMSB(2852)
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27/10/2015
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RM5.30
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BUY
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RM06.00
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RM5.32
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+0.3%
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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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RM3.38
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+10.4%
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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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RM1.53
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-3.8%
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PANTECH (5125)
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29/10/2015
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RM0.655
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BUY
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RM0.82
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RM0.635
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-3.1%
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TAANN(5012)
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29/10/2015
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RM3.88
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BUY
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RM4.40
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RM3.87
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-0.3%
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ECONBHD (5253)
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30/10/2015
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RM1.01
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BUY
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RM1.24
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RM1.02
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+1.0%
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SCIENTX (4731)
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30/10/2015
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RM7.66
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TRIM
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-
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RM7.66
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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)
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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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