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FLOWS
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Friday, 4 December, 2015
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BUY
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YTL, PCHEM
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SELL
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SKPETRO,
UEMS, ASTRO
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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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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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AFG (RM3.57) - technically constructive after
consolidating for the last 3 months with positive daily & weekly macd and
+ve divergences on the daily technical indicators. From its top of RM5.06 to
its low of RM3.31, the ABC correction looks to have been completed.
Compared to its peers, AFG’s differentiating strategies in asset-liability
management, targeting SMEs & high net worth customers & better credit
management (average credit costs of 20bps -25bps vs industry’s 40bps) is
defensive in the current slowing economy. It trades at an attractive
valuations of FY3/16 p/bk of 1.1x & 10.6x PER vs 5-yr average
of 1.5x & 11.2x respectively. It also pays a div yield of 4.5%.
Accumulate (TP:RM4.00)
(PT)
 |
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Calls for NOV WEEK 4/ DEC 3 2015
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STOCK
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Initiation Dates
|
Initiation price
|
BUY/SELL
|
TARGET PRICE
|
LAST PRICE
|
% Change
since Initiated
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|||
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RHBCAP-OR (1066OR)
|
27/11/2015
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RM0.645
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BUY
|
-
|
RM0.635
|
-1.6%
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TGUAN (7034)
|
27/11/2015
|
RM2.72
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TAKE
PROFIT
|
-
|
RM2.65
|
-2.6%
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|
OCK (0172)
|
30/11/2015
|
RM0.705
|
BUY
|
RM1.00
|
RM0.725
|
+2.8%
|
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CENTURY (7117)
|
30/11/2015
|
RM0.81
|
BUY
|
RM0.81
|
RM0.815
|
+0.6%
|
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SCABLE (5170)
|
1/12/2015
|
RM1.54
|
BUY
|
RM1.76
|
RM1.58
|
+2.5%
|
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TADMAX (4022)
|
1/12/2015
|
RM0.31
|
BUY
|
RM0.45
|
RM0.305
|
-1.7%
|
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MINHO (5576)
|
2/12/2015
|
RM1.41
|
BUY
|
RM1.80
|
RM1.38
|
-2.1%
|
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PARAMON (1724)
|
2/12/2015
|
RM1.61
|
ACCUMULATE
|
RM2.00
|
RM1.62
|
+0.6%
|
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KIMLUN (5171)
|
3/12/2015
|
RM1.32
|
ACCUMULATE
|
RM1.62
|
RM1.38
|
+4.5%
|
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ASIAFLE (7129)
|
3/12/2015
|
RM4.71
|
TRIM
|
-
|
RM4.66
|
-1.1%
|
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Performance
|
|
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Positive
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Negative
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Neutral
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