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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
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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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RHBCAP-OR (1066OR)
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27/11/2015
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RM0.645
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BUY
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-
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RM0.635
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-1.6%
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TGUAN (7034)
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27/11/2015
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RM2.72
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TAKE
PROFIT
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-
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RM2.65
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-2.6%
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OCK (0172)
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30/11/2015
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RM0.705
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BUY
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RM1.00
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RM0.725
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+2.8%
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CENTURY (7117)
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30/11/2015
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RM0.81
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BUY
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RM0.81
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RM0.815
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+0.6%
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SCABLE (5170)
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1/12/2015
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RM1.54
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BUY
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RM1.76
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RM1.58
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+2.5%
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TADMAX (4022)
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1/12/2015
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RM0.31
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BUY
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RM0.45
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RM0.305
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-1.7%
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MINHO (5576)
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2/12/2015
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RM1.41
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BUY
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RM1.80
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RM1.38
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-2.1%
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PARAMON (1724)
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2/12/2015
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RM1.61
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ACCUMULATE
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RM2.00
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RM1.62
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+0.6%
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KIMLUN (5171)
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3/12/2015
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RM1.32
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ACCUMULATE
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RM1.62
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RM1.38
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+4.5%
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ASIAFLE (7129)
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3/12/2015
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RM4.71
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TRIM
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-
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RM4.66
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-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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