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FLOWS
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Friday, 4 December, 2015
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BUY
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GENTING,
TOPGLOV, MUHIBAH
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SELL
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SIME, TM
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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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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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Recently announced 3Q’15 results showed YoY improvements across all
segments especially from its data business (+25%). Data centre growth is
expected to remain robust on demand growth from cloud computing and
virtualization. As such Co is looking to construct a new data centre in
Cyberjaya sometime in 2016. Further catalysts include 1) commissioning of 3
new submarine cables – Asia Pacific Gateway (1Q’16), FASTER (2Q’16),
Asia-Africa-Europe (2017), 2) regional expansion via M&As having just
taken a stake in a Thai telco, 3) exponential demand for data bandwidth.
Stock trades at 21x fwd PER and above all ST and LT MAs with a bullish
engulfing candle; Buy with target of RM8.00.
(SPK)
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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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Share price has retreated c35%
over past 6 months lagging the overall market recovery mainly due to higher
operating costs on one-off hiring of additional staff. The decline in margins
is expected to be offset by group’s courier segment which is expected to
drive growth forward projected at >20% driven mainly by implementation of
parcel lockers services, full commissioning of its integrated parcel centre
and booming e-commerce industry. Margins are expected to improve with no
significant workforce additions and from its 5-year strategic plan to become
a regional postal and logistics player. Trades at 19.8x fwd PER vs regional
average of 21x and RSI oversold at 27; Buy with target of RM4.00.
(SPK)
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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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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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RM0.805
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-0.7%
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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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RM1.56
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+1.2%
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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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RM0.31
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0.0%
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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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RM1.36
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-3.6%
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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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RM1.66
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+3.1%
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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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RM1.41
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+6.8%
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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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RM4.50
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-4.5%
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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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RM3.56
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-0.3%
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Performance
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Positive
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Negative
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Neutral
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