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FLOWS
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Monday, 14 December, 2015
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BUY
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YTL,
TENAGA
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SELL
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AXIATA,
SKPETRO, MISC
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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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MAXIS (6012)
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14/12/2015
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RM6.58
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TRIM
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RM6.00
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Recently reported 3Q15 results (47%
decline in 3Q EBITDA margins & 7% decline in core net profit) coupled with declining subscribers numbers
reflects intense market competition with no
end-in-sight. Additionally, cost pressures remain on weaker MYR, high device
subsidies from new phone launch and high
operations cost from its ongoing network modernization exercise. Technical
appears bearish with daily macd having just made a death cross and stock
cutting below all long term MAs. Trades at a hefty 24.6x fwd PER (vs 20x
local peers & 16.3x regional peers); Trim.
(SPK)
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BRAHIMS (9474)
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14/12/2015
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RM1.53
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ACCUMULATE
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RM2.15
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Stock has retraced c13% since the announcement of its strategic
partnership with SATS presenting a good opportunity to accumulate. Technicals
appears bullish with macd having just made the golden cross whilst trading
above all ST and LT moving averages. Catalysts include growth in Non-Aviation
Catering (NAC) with contracts secured from Emirates lounge and MAHSA with
possibility of catering for other airlines and public & corporate arena,
and cost savings (RM5-6m/year) from SATS’ 1st payment tranche and
possible tenders to Mid East and Asia Pacific airlines and airports
leveraging on SATS’ extensive networks. Trades at 20x fwd PER and 1x p/bk;
Accumulate.
(SPK)
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Calls for DEC WEEK 1 WEEK 2 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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AFG (2488)
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4/12/2015
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RM3.57
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ACCUMULATE
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RM4.00
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RM3.51
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-1.7%
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TIMECOM (5031)
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7/12/2015
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RM7.05
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BUY
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RM8.00
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RM6.87
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-2.6%
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POS (4634)
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7/12/2015
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RM3.36
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BUY
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RM4.00
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RM2.80
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-16.7%
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AEONCR (5139)
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8/12/2015
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RM12.18
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ACCUMULATE
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-
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RM12.00
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-1.5%
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PRTASCO (5070)
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8/12/2015
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RM1.58
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BUY
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-
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RM1.61
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1.8%
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HSL (6238)
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9/12/2015
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RM1.89
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ACCUMULATE
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RM2.30
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RM1.86
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-1.1%
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AXIATA (6888)
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9/12/2015
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RM6.09
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SELL
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-
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RM6.08
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-0.2%
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PADINI (7052)
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10/12/2015
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RM1.87
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TRIM
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-
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RM1.85
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-1.1%
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TEOSENG (7252)
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10/12/2015
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RM1.53
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ACCUMULATE
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RM2.15
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RM1.54
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+0.6%
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Performance
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Positive
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Negative
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Neutral
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