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FLOWS
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Tuesday, 8 December, 2015
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BUY
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RHBCAP,
GENM
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SELL
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PETGAS,
WRPTS, AMBANK
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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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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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AEON CR (RM12.18) 52 wk H/L 15.00/10.30– Price has been sold
down aggressively since the introduction of GST. However asset quality remains relatively sound and
gross NPL ratio as of 3Q remains a benign 2.58%. Going forward,
initiatives planned for 2016-expansion of the personal financing loan segment
to a maximum tenure of 10 years from 5 years previously, targeting primarily
the higher income group; creation of more business synergistic moves with the
AEON Group via the launch of a new 2-in-1 co-branded credit card with AEON
BiG, cross-selling of general easy payment schemes and insurance products to
1.79m AEON BiG Point card members; Trading down to only 8x fwd PE ,
significantly below its medium term average of 12x and yielding a decent 5%
we rate it an accumulate.
(DN)
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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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PROTASCO (RM1.58) 52 wk H/L 2.09/1.29- A group primarily
involved in construction/ road maintenance and property development with over
60% earnings currently derived from recurring maintenance work. Outstanding
order book of RM1.3bn will last the company till 2019, comprising of 57%
maintenance and balance construction work. On 1 Dec it secured an RM300.50mil
contract to build 1,100 houses in Putrajaya from Perbadanan Putrajaya under
the 1Malaysia civil servants housing programme. Margins are likely within 7-8%. Going forward the group is also in the
running for structural work contracts lint to LRT Phase 3. Additional future
earnings will also come from its property township, De Centrum The RM10 billion new township in
(DN)
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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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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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RM1.68
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+9.0%
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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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RM0.30
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-3.3%
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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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RM1.67
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+3.7%
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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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RM1.40
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+6.0%
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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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RM4.38
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-7.1%
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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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RM3.63
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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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RM7.03
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-0.3%
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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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RM3.26
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-3.0%
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Performance
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Positive
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Negative
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Neutral
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