HLE - 21/07/15

Momentum Idea - SALCON

SALCON: Multiple buy signals
§ We expect share price to fill the gap of RM0.805, RM0.845, and RM0.875 as Bullish Engulfing candlestick pattern emerged near 61.8% FR zone indicated reversal signal.
§ Supports at RM0.77 and RM0.755. Cut loss at RM0.74.

HLE - 20/07/15

Trading Idea - LONBISC

LONBISC: Poised to break 52-week high resistance of RM0925 after bullish breakout
· We like LONBISC (Trading Idea) as the group (beung the largest largest domestic manufacturer of assorted wafers and confectioneries) would stay resilient and defensive despite the challenging market environment.
· At RM0.84, LONBISC is trading at undemanding 9.8x FY15 P/E (36% lower than its peers) and 0.4x P/B (78% lower).
· Given the heavy volume of 2.06m on 16 Jul, a bullish symmetrical breakout and bottoming up indicators, LONBISC share prices are likely to break 52-week high resistnace of RM0.925 and trend higher to our long term symmetrical breakout objective of RM1.02. Supports are RM0.80 and RM0.77. Cut loss below RM0.76.

HLE - 15/07/15

Trading Idea - OKA
OKA: Poised to test RM0.90-0.97 zones after bullish breakout
· We like OKA as the group (being one of the largest precast concrete players in Malaysia) is likely to benefit from rising infrastructure developments in Malaysia from the 11th Malaysia Plan.
· Technically, the stock is poised to test RM0.90-0.97 following a bullish breakout, supported by positive indicators, Cut loss at RM0.78.
· Valuation is undemanding at 8.3x FY16E P/E, still below the stock’s 10-year average P/E of 11x and supported by a decent yield of 5.9%.

UOBKH - 15/07/15

Stocks to watch:
1) AWC BERHAD; Technical BUY with +28.9% potential return
*Last: RM0.375 Target: RM0.430, RM0.490 Stop: RM0.335
*Timeframe: 2 weeks to 2 months

2) PANTECH GROUP HOLDINGS; Technical BUY with +28.3% potential return
*Last RM0.730 Target: RM0.820, RM0.920 Stop: RM0.675
*Timeframe: 2 weeks to 2 months

3) GE-SHEN CORPORATION; Technical BUY with +34.5% potential return
*Last: RM0.775 Target: RM0.995, RM1.09, Stop: RM0.745
*Timeframe: 2 weeks to 2 months

HLE - 14/07/15

Trading Idea - INARI

INARI: Poised to rewrite all time high amid “Flag” breakout
· INARI is on a multi-year expansion driven by strong radio frequency (RF) demand on the back of rising 4G network adoption and exponential mobile data growth.
· The stock is poised to rewrite its 52-week high of RM3.58 following ripe for further relief rally amid the “Flag” breakout.
· Medium to long term upside targets are RM3.80-3.90 zones. Cut loss at RM3.16.

HLE - 13/07/15

Trading Idea - NAIM

NAIM: Poised to test RM1.00-1.13 zones
§ Naim is a good proxy to Sarawak’s buoyant economy and Sarawak election play (due by mid June 2016), backed by massive infrastructure spending (such as the RM27bn Pan-Borneo Highway) and investments in the oil and gas and heavy industrial sectors under the SCORE.
§ Valuations are undemanding at forward 7.6x FY15 P/E (Bloomberg consensus) and trading at 57% discount to its Mar 2015 BVPS of RM5.09. Based on Dayang’s share price of RM2.16, Naim's 29% associate stake of RM549m already accounted for 100% of Naim’s marketcap of RM548m, implying that the market is valuing its core property and construction businesses for free!
§ Ripe for a relief rally towards RM2.30-2.48 with LT objective at RM2.69.. Cut loss at RM1.98.

HLE - 08/07/15

Trading Idea - UNISEM

UNISEM: Poised to retest 52-week high of RM2.65
§ HLIB maintains BUY rating on UNISEM with an institutional target price of RM2.82, or 22% upside, in anticipation of a strong 2Q15 results (scheduled to be released end July or early Aug).
§ Hence, Unisem share price is poised to break above the short-term downtrend resistance near RM2.38, and subsequently towards our upside targets at RM2.55-2.65.
§ Key supports are RM2.10-2.23. Cut loss at RM2.09.

HLE - 07/07/15

Trading Idea - PUNCAK

PUNCAK: Potential triangle breakout
§ Light at the end of the tunnel? Both Federal and Selangor governments had affirmed their commitment to settle negotiations after Hari Raya.
§ Attractive implied dividend yield of 37.5%. Assuming the deal will finally go through and the RM1/share special dividend or RM535m will be distributed, current share prices offers an attractive yield of 37%.
§ Ripe for a triangle breakout. A decisive breakout above RM2.73 (downtrend line) will spur prices to retest RM2.84-3.01 zones. Critical supports are located at RM2.48-2.58 levels. Cut loss at RM2.45.

UOBKH - 07/07/15

Stocks to watch:
1) ASIAMET EDUCATION GROUP; Technical BUY with +22.2% potential return
*Last: RM0.585 Target: RM0.630, RM0.715 Stop: RM0.545
*Timeframe: 2 weeks to 2 months

2) KHEE SAN; Technical BUY with +36.3 potential return
*Last RM0.735 Target: RM0.875 RM0.995 Stop: RM0.685
*Timeframe: 2 weeks to 2 months

3) KUMPULAN PERANGSANG SELANGOR; Technical BUY with +26.3% potential return
*Last: RM1.46 Target: RM1.78, RM1.92, Stop: RM1.38
*Timeframe: 2 weeks to 3 months

UOBKH - 03/07/15

Stocks to watch:
1) JHM CONSOLIDATION; Technical BUY with +33.3% potential upside
*Last: RM0.355 Target: RM0.475, RM0.52 Stop: RM0.295
*Timeframe: 2-weekS to 2-monthS

2) HENG HUAT RESOURCES GROUP; Technical BUY with +19.2% potential return
*Last RM0.715 Target: RM0.83, RM0.87 Stop: RM0.63
*Timeframe: 2-weeks to 2-months

3) HIBISCUS PETROLEUM; Technical BUY with +20.4% potential return
*Last: RM0.785 Target: RM0.865, RM0.945 Stop: RM0.725
*Timeframe: 2-weeks to 2-months

HLE - 03/07/15

Trading Idea - HHGROUP

HHGROUP: Prospect remains buoyant
§ We like the stock as it is expanding its operations which will be targeted to be operational in the 2nd quarter of 2016; benefits from Rmb and USD; experiences higher sales of mattresses and related products prior to Hari Ray; and its bonus issue (ex-date on 10 July 2015) could create some excitement for share price performance in near term.
§ Uptrend continues after taking a breathier. In our view, share price could go higher as we opine that the Symmetrical Triangle pattern is likely to be taken out soon.
§ Bullish reading from oscillators indicated stronger buying momentum. Hence, we are targeting RM0.765 and RM0.785, with a long-term objective of RM0.89. Immediate supports are pegged at RM0.70 and RM0.685. Cut loss below RM0.67.

HLE - 02/07/15

Momentum Idea - GDEX
GDEX: Potential resumption of uptrend
§ Yesterday’s bullish candlestick penetrated the downtrend line, pointing to potential Ascending Triangle pattern breakout on daily chart. Hence, long-term uptrend on weekly chart is expected to resume.
§ Coupled with bullish daily and weekly oscillators, further upsides are targeted at RM1.50 and RM1.63, with a long-term objective of RM1.84. Supports are pegged at RM1.40 and RM1.37. Cut loss below RM1.33.

UOBKH - 02/07/15

Stocks to watch:
1) TA ENTERPRISE; Technical BUY on breakout with +23.8% potential return
*Last: RM0.69 Target: RM0.78, RM0.885 Stop: RM0.655
*Timeframe: 2 weeks to 2 months

2) WAH SEONG CORPORATION; Technical BUY with +28.8% potential return
*Last RM1.43 Target: RM1.71, RM1.88, Stop: RM1.29
*Timeframe: 2 weeks to 2 months

3) KIM HIN INDUSTRY; Technical BUY on breakout with +15.9% potential return
*Last: RM1.89 Target: RM2.09, RM2.19, Stop: RM1.77
*Timeframe: 2 weeks to 2 months

HLE - 01/07/15

Momentum Idea - MIECO

Mieco: Upside bias amid bullish breakout
§ Mieco is an established particleboard manufacturer in Malaysia and Asian region with 40 years of experience.
§ At RM0.705, it is trading at 0.53x P/B against its peers such as HEVEA’s 1.21x and EVERGRN 0.79x.
§ Prices closed above the short term resistance trend line from RM0.77 on the back of heavy volume and bullish daily technical oscillators.
§ Short term resistances are RM0.80-0.83 while long term target is RM0.83. Supports are RM0.665—0.675. Cut loss at RM0.65.

HLE - 26/06/15

Trading Idea - KIMLUN

KIMLUN: Upside bias amid positive downtrend line breakout
§ Undemanding valuations. At RM1.34, KIMLUN is trading at 9.8x FY15 P/E (in line with its 5-year historical average of 9.5x) and 0.79x P/BV (42% below its 5-year historical average 1.36x), supported by a 3.8 sen tax-exempt final dividend for FY12/2014 (ex on 21 July).
§ KIMLUN prices also closed marginally above the daily ST resistance trend line (from a high of RM1.43 on 23 Jan) as well as its 200-day SMA. A sustainable close above 200-d SMA in the next 2-3 days is essential and could send prices higher to retest RM1.41-1.53 levels.
§ Supports are RM1.26-1.30. Cut loss at RM1.23

HLE - 25/06/15

Trading Idea - ENGTEX

ENGTEX: Upside bias amid positive downtrend line breakout
§ Engtex prices jumped 2.8% in heavy volume after theedgemarkets.com reported that a new supplementary water agreement is expected to be signed between the Selangor and federal governments in the near term.
§ The downtrend breakout, positive divergence pattern and bullish indicators are likely to lift share prices higher towards RM1.14-1.20 levels, with long term objective at RM1.26. Supports are RM1.01-1.05. Cut loss at RM0.99

UOBKH - 25/06/15

Stocks to watch:
1) NIHSIN RESOURCES; Technical BUY on breakout with +32.3% potential return
*Last: RM0.31 Target: RM0.38, RM0.41 Stop: RM0.235
*Timeframe: 2 weeks to 2 months

2) HEITECH PADU; Technical BUY with +23.4% potential return
*Last RM0.725 Target: RM0.845, RM0.895, Stop: RM0.66
*Timeframe: 2 weeks to 2 months

3) ENGTEX GROUP; Technical BUY on breakout with +19.8% potential return
*Last: RM1.09 Target: RM1.24, RM1.33, Stop: RM0.995
*Timeframe: 2 weeks to 3 months

HLE - 22/05/15

Trading Idea - EVERGREEN
EVEGRN: Accumulate on weakness
Ongoing weakness in share price provides good opportunity to accumulate as it is trading at 29% discount to its 2014’s BVPS of RM1.62 and 22% below our HLIB Institutional Research’s target price of RM1.47.
A decisive breakout above RM1.20 will spur prices higher towards RM1.28-1.43 zones. Cut loss below RM1.04.

UOBKH - 21/05/15

Stocks to watch:
1) DNONCE TECHNOLOGY; Technical BUY with +30.9% potential return
*Last: RM0.455 Target: RM0.575, RM.635 Stop: RM0.395
*Timeframe: 2 weeks to 2 months

2) ALUMINIUM COMPANY OF MALAYSIA; Technical BUY with +34.2 potential return
*Last RM0.760 Target: RM0.895 RM1.06 Stop: RM0.695
*Timeframe: 2 weeks to 2 months

3) HARBOUR-LINK GROUP; Technical BUY with +19.5% potential return
*Last: RM2.00 Target: RM2.24, RM2.39, Stop: RM1.72
*Timeframe: 2 weeks to 3 months

HLE - 21/05/15

Momentum Idea
PESONA: Bottoming up
Poised to retest RM0.70-0.73 levels after establishing its base near RM0.60-0.625 territory. Since tumbling from the peak of RM1.02 on 2 Mar to recent low of RM0.625, we believe that selling pressure has been exhausted and a base is slowly forming.
A decisive breakout above RM0.665 will spur prices higher towards RM0.70-0.73. Cut loss at RM0.59.
A cheaper trading exposure is through PESONA-WC (Expiry: 27 Jan 2020; Discount: 1.6%; Gearing: 1.68x)

HLE - 19/05/15

Momentum Idea - PRIVA
PRIVA: Buy on strong momentum uptick
§ Hammer candlestick formed in the oversold region indicated reversal signal. Moreover, reading from MACD, RSI and Slow Stochastics provides ammunition to the buying momentum.
§ In tandem with the bullish view on ACE market (refer to Trading Idea), we are targeting RM0.395 and RM0.41, with a long-term objective of RM0.43. Immediate supports are pegged at RM0.36 and RM0.35. Cut loss below RM0.34.

Momentum Idea - ESCERAM
ESCERAM: Buy on upside trajectory
§ Yesterday’s rebound from the uptrend depicted a potential resumption of uptrend. Moreover, bullish reading from oscillators provides ammunition to the buying momentum.
§ In tandem with the bullish view on ACE market (refer to Trading Idea), we are targeting RM0.34 and RM0.36, with a long-term objective of RM0.38. Immediate supports are pegged at RM0.31 and RM0.30. Cut loss below RM0.29.

Momentum Idea - BJASSET
BJASSET: Potential resumption of uptrend
§ Trading at substantial discounts of 58% to its book value and 46% to its peers.
§ The discount might be even larger if there is a revaluation on Berjaya Times Square and Menara Berjaya assets, which are still carrying at net book value of RM2.16bn (based on 1994 prices).
§ A decisive breakout above RM0.82 will spur prices higher towards RM0.84-0.90 zones. Cut loss below RM0.72.

UOBKH - 19/05/15

Stocks to watch:
1) REXIT; Technical BUY with +34.6% potential return
*Last: RM0.415 Target: RM0.490, RM.535 Stop: RM0.370
*Timeframe: 2 weeks to 2 months

2) D&O GREEN TECHNOLOGIES; Technical BUY with +32.2 potential return
*Last RM0.295 Target: RM0.330 RM0.390 Stop: RM0.230
*Timeframe: 2 weeks to 2 months

3) N2N CONNECT; Technical BUY on breakout with +20.4% potential return
*Last: RM0.87 Target: RM0.995, RM1.09, Stop: RM0.805
*Timeframe: 2 weeks to 2 months

UOBKH - 18/05/15

Stocks to watch:
1) XIAN LENG HOLDINGS; Technical BUY on breakout with +34.6% potential return
*Last: RM0.370 Target: RM0.465, RM.545 Stop: RM0.315
*Timeframe: 2 weeks to 2 months

2) TURBO-MECH; Technical BUY on breakout with +14.4 potential return
*Last RM1.23 Target: RM1.34 RM1.43 Stop: RM1.15
*Timeframe: 2 weeks to 2 months

3) GAS MALAYSIA; Technical BUY with +15.0% potential return
*Last: RM2.74 Target: RM2.99, RM3.14, Stop: RM2.59
*Timeframe: 2 weeks to 3 months

UOBKH - 15/05/15

Stocks to watch:
1) RIMBUNAN SAWIT; Technical BUY with +19.5% potential return
*Last: RM0.570 Target: RM0.675, RM.705 Stop: RM0.540
*Timeframe: 2 weeks to 2 months

2) SBC CORPORATION; Technical BUY with +30.0 potential return
*Last RM1.10 Target: RM1.29 RM1.43 Stop: RM0.995
*Timeframe: 2 weeks to 2 months

3) BERTAM ALLIANCE; Technical BUY with +25.7% potential return
*Last: RM0.710 Target: RM0.815, RM0.905, Stop: RM0.635
*Timeframe: 2 weeks to 2 months

HLE - 15/05/15

Trading Idea - SENDAI
SENDAI: Brighter days ahead
§ HLIB institutional research remains positive on SENDAI with RM0.98 target price, or 33.3% upside, following a strong turnaround in its 4Q12/FY14 results and robust job wins YTD.
§ A decisive breakout above 200-d SMA near RM0.77 will spur prices higher towards RM0.835 (YTD high) and our long term target price of RM0.89. Cut loss below RM0.67.

HLE - 14/05/15

Trading Idea - INARI
INARI: Exciting times ahead
§ HLIB institutional research remains positive on INARI as its new factory P13 is on track and expected to contribute strongly from 4QFY15 and beyond, with potential upward revisions to our FY16/17 forecasts and target price.
§ Poised to rewrite all time high after building a strong base near RM3.14 or 23.6% FR. A decisive breakout above RM3.43 will spur prices higher to retest RM3.52 and our long term target price of RM3.71 (150% FR). Immediate supports are located at RM3.23 (23.6% FR and 10-d SMA) and RM3.14. Cut loss below RM3.10.
§ A better trading exposure is through INARI-WB (Expiry: 17 Feb 2020; Premium: 3.3%; gearing: 2.33; 1-month average volume: 328k) compared with INARI-WA (Expiry: 6 Apr 2018; Discount: 1.8%; gearing: 1.13; 1-month average volume: 28k)
Disclaimer:

UOBKH - 13/05/15

Stocks to watch:
1) BRAHIMS HOLDINGS; Technical BUY with +36.3% potential return
*Last: RM0.985 Target: RM1.27, RM1.39 Stop: RM0.825
*Timeframe: 2 weeks to 2 months

2) HARVEST COURT INDUSTRIES; Technical BUY on breakout with +37.5 potential return
*Last RM0.205 Target: RM0.295 RM0.330 Stop: RM0.180
*Timeframe: 2 weeks to 2 months

3) AMFIRST REITS; Technical BUY on breakout with +17.5% potential return
*Last: RM0.945 Target: RM1.09, RM1.13, Stop: RM0.895
*Timeframe: 2 weeks to 3 months

UOBKH - 12/05/15

Stocks to watch:
1) MILUX CORPORATION; Technical BUY with +24.3% potential return
*Last: RM1.11 Target: RM1.29, RM1.380 Stop: RM0.945
*Timeframe: 2 weeks to 2 months

2) MALAYSIAN RESOURCES CORPORATION; Technical BUY with +22.0% potential return
*Last RM1.34 Target: RM1.59 RM1.72 Stop: RM1.27
*Timeframe: 2 weeks to 2 months

3) SCC HOLDINGS; Technical BUY with +27.5% potential return
*Last: RM2.11 Target: RM2.49, RM2.69, Stop: RM1.89
*Timeframe: 2 weeks to 3 months

HLE - 11/05/15

Trading Idea - MRCB
MRCB: Revival play for long term investor
§ New management has delivered on much of its major promises to transform MRCB to become a property-centric group.
§ HLIB has a BUY rating on MRCB with an institutional target price of RM1.88, or 41% upside.
§ As long as the daily uptrend line support near RM1.26 is not violated, ongoing recovery is still in the early stage. A decisive breakout above RM1.39 will spur prices higher towards RM1.44 to RM1.57 in the medium to long term. Cut loss below RM1.22.

UOBKH - 11/05/15

Stocks to watch:
1) BINTAI KINDEN CORPORATION; Technical BUY on breakout with +25.3% potential return
*Last: RM0.345 Target: RM0.435, RM0.470 Stop: RM0.315
*Timeframe: 2 weeks to 2 months

2) TECHFAST HOLDINGS; Technical BUY on breakout with +38.3% potential return
*Last RM0.220 Target: RM0.290 RM0.325 Stop: RM0.180
*Timeframe: 2 weeks to 2 months

3) FARLIM GROUP (M); Technical BUY with +19.2% potential return
*Last: RM0.625 Target: RM0.695, RM0.745, Stop: RM0.570
*Timeframe: 2 weeks to 2 months

HLE - 08/05/15

Trading Idea - FLBHD
FLBHD: Resumption of uptrend
§ FLBHD’s export markets contributed approximately 98% of the group’s total revenue. Thus, FLBHD’s top and bottom line could be boosted by strong USD. The group has net cash per share of RM0.57 which is equivalent to 39% of its share price and attractive dividend yield of 5.5%.
§ The stock is grossly oversold and about to bottom out in near term, as substantiated by oscillators. We are targeting RM1.52 and RM1.64, with a long term objective of RM1.70. However, immediate supports are at RM1.42 and RM1.39. Cut loss below RM1.37.

UOBKH - 08/05/15

Stocks to watch:
1) KELINGTON GROUP; Technical BUY with +19.5% potential return
*Last: RM0.410 Target: RM0.465, RM0.490 Stop: RM0.375
*Timeframe: 2 weeks to 2 months

2) HWA TAI INDUSTRIES; Technical BUY on breakout with +27.7% potential return
*Last RM0.465 Target: RM0.585 RM0.645 Stop: RM0.425
*Timeframe: 2 weeks to 2 months

3) GOLDEN LAND; Technical BUY with +29.4% potential return
*Last: RM1.26 Target: RM1.52, RM1.63, Stop: RM1.12
*Timeframe: 2 wzeeks to 3 months

HLE - 07/05/15

Trading Idea - BRAHIMS
BRAHIMS: Pending for a breakout
§ The market is still awaiting the signing of new catering agreement between the company and MAS after the lapse 30 Apr cut-off date.
§ BRAHIMS is building its base along 30-d SMA near RM0.875 and daily lower Bollinger band near RM0.86. Immediate resistance levels are RM0.95 (23.6% FR).
§ A decisive breakout above RM0.95 will spur prices higher towards RM1.04 (38.2% FR and latest book value/share) and our long term objective of RM1.11 (50% FR). Cut loss below RM0.81.

UOBKH - 07/05/15

Stocks to watch:
1) SANBUMI HOLDINGS; Technical BUY with +39.5% potential return
*Last: RM0.190 Target: RM0.235, RM0.265 Stop: RM0.145
*Timeframe: 2 weeks to 2 months

2) MAH SING GROUP; Technical BUY with +12.1% potential return
*Last RM2.15 Target: RM2.32 RM2.41 Stop: RM2.04
*Timeframe: 2 weeks to 2 months

3) KIMLUN CORPORATION; Technical BUY on breakout with +15.8% potential return
*Last: RM1.29 Target: RM1.46, RM1.54, Stop: RM1.22
*Timeframe: 2 weeks to 2 months

UOBKH - 06/05/15

1) MAJUPERAK HOLDINGS Technical BUY with +38.2% potential return
*Last: RM0.380 Target: RM0.470, RM0.525 Stop: RM0.335
*Timeframe: 2 weeks to 2 months

2) UMS-NEIKEN GROUP; Technical BUY with +14.4% potential return
*Last RM0.860 Target: RM0.945 RM0.995 Stop: RM0.795
*Timeframe: 2 weeks to 2 months

3) ELK-DESA RESOURCES ; Technical BUY with +11.6% potential return
*Last: RM1.44 Target: RM1.59, RM1.64, Stop: RM1.36
*Timeframe: 2 weeks to 3 months

UOBKH - 05/05/15

Stocks to watch:
1) ORIENTED MEDIA GROUP; Technical BUY with +33.3% potential upside
*Last: RM0.195 Target: RM0.235, RM0.265 Stop: RM0.145
*Timeframe: 2-weekS to 2-monthS

2) SUNZEN BIOTECH; Technical BUY with +27.2% potential return
*Last RM0.38 Target: RM0.47, RM0.515 Stop: RM0.345
*Timeframe: 2-weeks to 2-months

3) PERDANA PETROLEUM; Technical BUY with +24.8% potential return
*Last: RM1.35 Target: RM1.62, RM1.76 Stop: RM1.24
*Timeframe: 2-weeks to 3-months

HLE - 05/05/15

Trading Idea - UNISEM
UNISEM: Poised to retest 52-week high
§ Our Institutional Research maintains BUY on UNISEM with a RM2.82 target price, offers another 18% upside.
§ Technicals are on the mend following a Bullish Harami formation on 30 Apr.
§ Upside targets are RM2.49-2.59 with long term objective at RM2.67. Cut loss below RM2.17


Momentum Idea - ELSOFT
ELSOFT: Gaining upside momentum
§ Restoration of uptrend is expected as oscillators (RSI, MACD and Slow Stochastics) on hourly and daily charts point to potential reversal to upside. Further upsides are targeted at RM1.88 and RM1.98, with a long-term objective of RM2.12. Immediate supports are pegged at RM1.75 and RM1.71. Cut loss below RM1.68

HLE - 30/04/15

Momentum Idea - Penta
PENTA: Ripe for further relief rally
PENTA is likely to enjoy further relief rally as technical are on the mend after nosediving 22% in six days.
Management sees improving quarters ahead after a seasonally weak 1Q15.
A breakout above RM0.65 will prices higher to retest RM0.70-745 upside targets. Cut loss below RM0.555

UOBKH - 30/04/15

Stocks to watch:
1) ORIENTED MEDIA GROUP; Technical BUY with +33.3% potential upside
*Last: RM0.195 Target: RM0.235, RM0.265 Stop: RM0.145
*Timeframe: 2-weekS to 2-monthS

2) SUNZEN BIOTECH; Technical BUY with +27.2% potential return
*Last RM0.38 Target: RM0.47, RM0.515 Stop: RM0.345
*Timeframe: 2-weeks to 2-months

3) PERDANA PETROLEUM; Technical BUY with +24.8% potential return
*Last: RM1.35 Target: RM1.62, RM1.76 Stop: RM1.24
*Timeframe: 2-weeks to 3-months

UOBKH - 29/04/15

Stocks to watch:
1) TANAH MAKMUR Technical BUY with +22.1% potential return
*Last: RM1.55 Target: RM1.84, RM1.99 Stop: RM1.44
*Timeframe: 2 weeks to 2 months

2)MALAYSIA MARINE & HEAVY ENGINEERING; Technical BUY with +23.5%
potential return
*Last RM1.25 Target: RM1.63 RM1.81 Stop: RM1.14
*Timeframe: 2 weeks to 2 months

3) AEON CO. (M) ; Technical BUY with +17.4% potential return
*Last: RM3.15 Target: RM3.44, RM3.78, Stop: RM2.99
*Timeframe: 2 weeks to 3 months

UOBKH - 28/04/15

Stocks to watch:
1) GROMUTUAL; Technical BUY on breakout with +21.7% potential upside
*Last: RM0.51 Target: RM0.595, RM0.645 Stop: RM0.48
*Timeframe: 2-weekS to 2-monthS

2) ACOUSTECH; Technical BUY on breakout with +25.2% potential return
*Last RM0.70 Target: RM0.845, RM0.92 Stop: RM0.675
*Timeframe: 2-weeks to 2-months

3) WATTA HOLDINGS; Technical BUY breakout with +30.1% potential return
*Last: RM0.35 Target: RM0.44, RM0.475 Stop: RM0.315
*Timeframe: 2-weeks to 2-months

HLE - 28/04/15

Momentum Idea - PMETAL
PMETAL: ripe for a technical bounce
§ The recent 15.6% slump in four days to end at RM2.86 yesterday as investors fear the surprised China’s government decision to remove export taxes on bars and rods of primary aluminium and aluminium-alloy effective 1 May.
§ At RM2.86, PMETAL is trading at undemanding 7.2x Bloomberg FY16 P/E, 44% below its 10-year historical average P/E of 13x, supported by an EPS CAGR of 17.8% for FY15-17 and decent dividend yield of 4.5%-5.2%. Hence, we advocate investors to take this opportunity to buy on weakness given that PMETAL’s fundamental and prospects remain intact
§ Technicals are grossly oversold. Risk taker can accumulate for technical rebound. A decisive breakout above immediate resistance of RM3.00 will lift prices higher towards RM3.20-3.30 zones. Cut loss below RM2.70

UOBKH - 27/04/15

Stocks to watch:
1) TAFI INDUSTRIES Technical BUY with +34.4% potential return
*Last: RM0.465 Target: RM0.560, RM0.625 Stop: RM0.395
*Timeframe: 2 weeks to 2 months

2) K&N KENANGA HOLDINGS; Technical BUY with +23.5% potential return
*Last RM0.660 Target: RM0.735 RM0.815 Stop: RM0.595
*Timeframe: 2 weeks to 2 months

3) EUPE CORPORATION; Technical BUY with +20.4% potential return
*Last: RM0.900 Target: RM0.995, RM1.09, Stop: RM0.840
*Timeframe: 2 weeks to 2 months

UOBKH 24/04/15

Stocks to watch:
1) APPASIA Technical BUY with +38.0% potential return
*Last: RM0.250 Target: RM0.285, RM0.345 Stop: RM0.210
*Timeframe: 2 weeks to 2 months

2) IDEAL SUN CITY HOLDINGS; Technical BUY with +33.0% potential return
*Last RM0.525 Target: RM0.695 RM0.745 Stop: RM0.455
*Timeframe: 2 weeks to 2 months

3) GLOBAL ORIENTAL; Technical BUY with +35.3% potential return
*Last: RM0.540 Target: RM0.645, RM0.785, Stop: RM0.495
*Timeframe: 2 weeks to 2 months

HLE 23/04/15

Trading Idea - EVERGRN
EVERGRN: Poised for an ascending triangle breakout
§ HLIB calls a BUY rating on EVERGRN with an institutional target price of RM1.47, or 25.6% upside.
§ We opine that share price is gradually gaining upside momentum and is poised for “Ascending Triangle” breakout after a brief sideways consolidation, as indicated by an ‘inverted hammer’ candlestick formation yesterday.
§ Further upside targets are RM1.21 (16 & 17 Apr high) and RM1.28, with long term target price of RM1.38 (measurement objective of Ascending Triangle breakout).
§ Immediate supports are located at RM1.10 (23.8% FR) and RM1.08 (50-d SMA). Cut loss below RM1.06.

Momentum Idea - SLP
SLP: Retracement on the way
§ In tandem with the negative view on Small Cap market, SLP’s share prices also show signs of reversal of its recent uptrend, substantiated by “Inverted Hammer” candlestick. Moreover, reading from all oscillators showed that sellers are more aggressive than the buyers. Thus, share price is expected to retrace towards RM0.975, RM0.925 and RM0.89. However, any rebounds will see resistance RM1.08, RM1.14 and RM1.20.

UOBKH 22/04/15

Stocks to watch:
1) KUMPULAN JETSON; Technical BUY with +26.4% potential return
*Last: RM0.450 Target: RM0.515 RM0.575 Stop: RM0.405
*Timeframe: 2 weeks to 2 months

2) MAGNA PRIMA; Technical BUY with +28.8% potential return
*Last RM1.04 Target: RM1.22, RM1.34 Stop: RM0.945
*Timeframe: 2 weeks to 2 months

3) CHUAN HUAT RESOURCES; Technical BUY with +35.9% potential return
*Last: RM0.560 Target: RM0.695, RM0.795, Stop: RM0.495
*Timeframe: 2 weeks to 2 months

UOBKH 21/04/15

Stocks to watch:
1) LEN CHEONG HOLDINGS; Technical BUY with +33.3% potential return
*Last: RM0.240 Target: RM0.280, RM0.320 Stop: RM0.175
*Timeframe: 2 weeks to 2 months

2) GRAND-FLO RESOURCES; Technical BUY with +29.5% potential return
*Last RM0.295 Target: RM0.370, RM0.395 Stop: RM0.245
*Timeframe: 2 weeks to 2 months

3) FSBM HOLDINGS; Technical BUY with +41.8% potential return
*Last: RM0.420 Target: RM0.565, RM0.645, Stop: RM0.365
*Timeframe: 2 weeks to 2 months

HLE 20/04/15 (sorry the above IBHD is on 17/04/15)

Momentum Idea - CUSCAPI
CUSCAPI: Staging strong technical rebound
§ Share price is expected to stage a strong rebound due to a white candlestick in the region of Upper-Bollinger band and a “Positive Divergence” on daily chart provided ammunition to the technical rebound. We are targeting at RM0.24 and RM0.255, with a long-term objective of RM0.27. Supports are located at RM0.215 and RM0.205. Cut loss below RM0.20

HLE 20/04/15

Momentum Idea - IBHD
IBHD: Downtrend line breakout
Shah Alam crown jewel. Huge potential growth from a RM9bn GDVa RM9bn GDV encompassing more than 10 residential and commercial tower blocks, in addition to the numerous other components adding to its property investment portfolio i.e. the RM750m Central Plaza @ i-City.
Trading higher. Following the downtrend line breakout, IBHD is poised to retest RM0.685-0.705 zones before reaching our LT price target at RM0.76. Critical supports are located at RM0.61-0.625 Cut loss at RM0.595.

UOBKH 20/04/15

Stocks to watch:
1) PASDEC HOLDINGS; Technical BUY with +30.6% potential return
*Last: RM0.555 Target: RM0.655, RM0.725 Stop: RM0.470
*Timeframe: 2 weeks to 2 months

2) AHMAD ZAKI RESOURCES; Technical BUY with +23.2% potential return
*Last RM0.745 Target: RM0.830, RM0.930 Stop: RM0.690
*Timeframe: 2 weeks to 2 months

3) RCE CAPITAL; Technical BUY with +30.9% potential return
*Last: RM0.340 Target: RM0.385, RM0.445, Stop: RM0.295
*Timeframe: 2 weeks to 2 months