CIMB REPORT

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Post removed.Why?

Hua Yang (HYB MK)
Technical BUY with +13.4% potential return
Last price : RM2.41
Target Price : RM2.50, RM2.70
Support : RM2.30
Stop-loss: RM2.25
BUY with a target price of RM2.70 with stoploss
below RM2.25.
BUY with a target price of RM2.66 with stoploss
below RM2.08. After hitting a 3-month
high of RM2.45 on 17 July, HYB’s share price
has been trading sideways over the past 7
days. However, the share price broke out of
the consolidation phase yesterday with a high
trading volume of 1.0m shares (vs 20-day
average of 0.5m shares). Given the potential
bullish crossover in MACD and rising RSI, the
strong momentum should be able to push the
share price higher in the near term. We peg
the immediate target at RM2.50 which, if
breached, may continue rising towards RM2.70
over the medium term.
Timeframe: 2 weeks to 2 months

KPS Consortium (KPS MK)
Technical BUY with +12.5% potential return
Last price : RM0.56
Target Price : RM0.630, RM0.590
Support : RM0.530
Stop-loss: RM0.520
BUY with a target price of RM0.630 with stoploss
below RM0.520. Since correcting from a
previous high of RM0.590 on 21 April to a low
of RM0.50 on 10 June, KPS has seen its share
price recover gradually and move above the
10- and 21-day SMA following yesterday’s
spike, effectively reversing its downtrend.
Yesterday’s gain is also accompanied by a
high trading volume of 2.0m shares (vs 20-day
average of 0.4m) as well as rising MACD and
RSI indicators, indicating that positive
momentum would strengthen in the near term.
We peg our immediate target at the previous
high of RM0.590 and medium-term target at
RM0.630.
Expected Timeframe: 2 weeks to 2 months

OCK Group (OCK MK)
Technical BUY with +11.6% potential return
Last price : RM1.54
Target Price : RM1.72
Support : RM1.43
Stop-loss: RM1.42
BUY with a target price of RM1.72 with stoploss
below RM1.42. OCK’s share price
consolidated within the “rectangle” formation in
mid-May to mid-July but broke out from the
rectangle on 18 July. The share price has
since then remained above the breakout level
with a steady trading volume. The momentum
is still positive in the near term, with both
MACD and Stochastic signaling the
continuation of its uptrend. As such, we
reiterate our technical buy call on OCK with an
unchanged medium-term target price pegged
at the 1.61x Fibonacci extension level of
RM1.72.
Expected Timeframe: 2 weeks to 2 months

at least Mr Koon, should come now and give some comments on mudajaya, why no firing of powerplant in july???? be fair ma to everyone

http://www.enviscecb.org/Ms%20RKM%20powerzone%20pvt%20ltd%20-%20janjgir%20-%20champa/Executive%20summary%20-English.pdf

please go to BARAKAH counter to read full report

Post removed.Why?

please go to BARAKAH counter to read full report..thanks

Post removed.Why?

above dated 30/07/14

UOA Development (UOAD
MK)
Technical BUY with +15.7% potential return
Last price : RM2.09
Target Price : RM2.16, RM2.42
Support : RM2.00
Stop-loss: RM1.98
BUY with a target price of RM2.42 with stoploss
at below RM1.98. Following last
Thursday’s breakout, UOAD recorded a
significantly higher trading volume of 4.0m (vs
20-day average of 0.6m) and a 1-sen gain last
Friday, signalling an end to its consolidation. A
bullish crossover in the MACD and the RSI
crossing above the 50 mark should translate
into upward movements in the near term. A
breach above the immediate resistance of
RM2.16 could propel the share to test its
resistance of RM2.42 in the medium term.
Expected Timeframe: 2 weeks to 2 months

above dated 30//07//14

Tiong Nam Logistics (TNL
MK)
Technical BUY with +15.7% potential return
Last price : RM1.34
Target Price : RM1.40, RM1.55
Support : RM1.26
Stop-loss: RM1.24
BUY with a target price of RM1.55 with stoploss
at below RM1.24. After hitting a high of
RM1.44 on 10 April, TNL has seen a
downtrend since and traded sideways over the
past three weeks. However, TNL broke out last
Friday on an improved volume of 0.8m shares
(vs 20-day average of 0.2m), signalling fresh
buying interest which could create a new upleg.
A golden crossover in the MACD and the
RSI crossing above the 50 mark suggest
growing momentum. We peg our medium-term
upside target at RM1.55.
Expected Timeframe: 2 weeks to 2 months

above dated 30//07//14

Scomi Group (SGB MK)
Technical BUY with +20.5% potential return
Last price : RM0.415
Target Price : RM0.43, RM0.50
Support : RM0.39
Stop-loss: RM0.385
BUY with a target price of RM0.50 with stoploss
at below RM0.385. After hitting a high of
RM0.49 on 14 April, SGB has been moving
downwards and consolidating within RM0.39-
0.405 over the past 11 days. However, share
price is set to end the current downtrend line
following last Friday’s breakout above the
immediate resistance of RM0.405. An
extremely higher trading volume of 64.1m
shares (vs 20-day average of 10.6m) was
recorded, implying fresh buying interest which
could create a new up-leg. Bullish crossover in
both the MACD and Stochastics signal growing
momentum which could send the stock higher
in the near term. We peg our medium-term
upside target at 52-week high of RM0.50.
Expected Timeframe: 2 weeks to 2 months

 Selective small/mid caps to appeal. In our review of the last 14 years, small caps - as
proxied by the FBMSC Index - are enjoying one of their longest sequential winning
streak, having outperformed the FBMKLCI on a mom basis in the last seven months.
While the index’s absolute PE and discount to the FBMKLCI’s PE are no longer
compellingly cheap, we see good market liquidity and low risk aversion supporting
moderate outperformance by small/mid caps.
 Stick with small/mid-cap plays that have compelling investment themes:
a) O&G plays, namely Barakah and Deleum. Share price of Uzma has eased after our
recent downgrade to HOLD (following its strong outperformance) and the stock would
be attractive again if it softens further.
b) Property plays, namely emerging developer MRCB, which has multiple catalysts (the
upcoming prime Kwasa Land and PJ2 developments, more property disposals to a
Quill Capita REIT, EDL tolling). We also like emerging REIT plays like WCT (which
has some RM1.5b of investment properties, equivalent to 0.9x of market cap, that
could be REITed) and Tiong Nam Logistics, which could set up a RM700m industrial
REIT (1.3x current market cap). We also like Sunway, and expect it to successfully
replicate its Bandar Sunway (Selangor) township development in Medini, Iskandar.
 Other themes we like are: Cyclical recovery plays such as SKP Resources (BUY on
weakness) which is poised to deliver a 3-year net profit CAGR of 23-30%. Finally, we like
the Sarawak Corridor of Renewable Energy (SCORE) theme, for which our key pick is
Cahya Mata Sarawak, which is poised to benefit from the commencement of operations
at its ferrosilicon alloy smelter plant by Sep 14. This should boost CMS’s earnings by
15% once it is in full production in 2015.
RISKS
 Small/mid caps typically fare worse during downdrafts. In our small/mid caps
strategy, note the downside risks during downdrafts. We note the FBMSC fared
significantly worse than large caps during bearish markets. Hence, we advocate sticking
to small/mid caps with compelling near-term catalysts.

Post removed.Why?

Prestar Resources (PRST
MK)
Technical BUY with +10.3% potential return
Last price : RM0.725
Target Price : RM0.765, RM0.80
Support : RM0.70, RM0.60
Stop-loss: RM0.68
BUY with a target price of RM0.800 with stoploss
below RM0.68. Since correcting from a
previous high of RM0.685 to a 3-month low of
RM0.56, Prestar has seen its share price
recover above the 10- and 21-day SMA,
effectively reversing its downtrend. Since then,
the stock price has posted 8 consecutive
weeks of gains in tandem with the steady
pickup in trading volume as well as rising
MACD and RSI indicators. Yesterday’s share
price spike, which was accompanied by a
higher trading volume of 15.3m shares,
suggests that the stock would continue to trend
upwards steadily above both the 10- and 21-
day SMA lines towards the immediate
psychological resistance of RM0.80 in the
medium term.
Expected Timeframe: 2 weeks to 2 months

MK Land Holdings (MKL MK)
Technical BUY with +12.1% potential return
Last price : RM0.535
Target Price : RM0.560, RM0.600
Support : RM0.485
Stop-loss: RM0.480
BUY with a target price of RM0.600 with stoploss
below RM0.480. Following a correction
from the high of RM0.560, MKL has rebounded
off the rising trend line and formed a series of
higher highs and higher lows in the last 5
weeks. Yesterday’s share price surge coupled
with a higher trading volume of 17.6m shares
(vs 20-day average of 3.4m) further reinforce
our view of the share price retesting the
immediate resistance of RM0.56. With the
share price rising steadily above both the 10-
and 21-day SMA lines, we expect the share
price to break out above RM0.56 and extend
its upward climb to the 1.38x Fibonacci
extension level of RM0.600 in the medium
term.
Expected Timeframe: 2 weeks to 2 months

SBC Corp (SBC MK)
Technical BUY with +20.4% potential return
Last price : RM2.21
Target Price : RM2.49, RM2.66
Support : RM2.10
Stop-loss: RM2.08
BUY with a target price of RM2.66 with stoploss
below RM2.08. SBC’s share price has
been trading below the declining medium-term
trendline following a correction from the high of
RM2.49. However, the share price has recently
broken out above the resistance of RM2.10
and has since sustained above the trendline
over the last three days. Yesterday, the stock’s
consolidation entered its third consecutive day,
with both the MACD and Stochastic signaling
the continuation of its uptrend in the near term.
The bullish trend is further magnified by the
crossing of the MACD into positive territory,
suggesting that the positive momentum will
strengthen in the near term. As such, we
reiterate our technical buy call on SBC with an
unchanged medium-term target price pegged
at the 1.38x Fibonacci extension level of
RM2.66.
Expected Timeframe: 2 weeks to 2 months

UOB KAY HIAN REPORT

BUY
(Upgraded)
Share Price RM6.77
Target Price RM7.95
Upside 17.4%
(Previous TP: RM7.16)

• Hume Cement doing well in FY14. After achieved an impressive RM7.8m net profit
in FY13 with only one quarter of official commissioning production, we understand
Hume Cement is likely to achieve more than RM50m net profit in FY14. Moving into
FY15, we believe the higher utilisation rate and gradual improvement in efficiency
will allow Hume Cement to see further bottom-line improvement. Hume Cement’s
good limestone reserves make it more efficient than peers who source for limestone
externally. Our 2015 RM70m net profit forecast assumes 1.6m-tonne production and
RM295/tonne net selling price.
• Expecting sustainable earnings and dividend payout post restructuring. HLI’s
earnings are sustainable or stronger in FY15-16, after stripping out Hume Cement’s
ICPS and Hume Concrete. We expect better prospects from its other building
material segments (significant turnaround at Guocera tiles division as well as
additional capacity and better pricing in the fibreboard business) to offset the
exclusion of Hume Concrete’s earnings from the group. In addition, Hume Cement
currently does not contribute any earnings to HLI’s bottom line, with the exception of
dividend income from the ICPS.
• Prospective dividend yield of 4.7-5.2%. While there is no formal dividend policy,
management guided that HLI will continue paying out at least 50-55% of its earnings
(FY15F DPS of 27-30 sen). This implies a prospective yield of 4.7-5.2% after HLI’s
share price goes-ex, assuming a RM1.08 share price adjustment.
EARNINGS REVISION
• No change to our earnings forecasts but we increase Narra’s 2015 net profit forecast
by 23%.
VALUATION/RECOMMENDATION
• Upgrade to BUY with a higher target price of RM7.95, derived by adding: a) the
implied value of Narra share at RM3.39/HLI share (HLI’s shareholders will be
receiving 1,080 Narra shares for every 1,000 HLI shares), and b) a 20% holding
company discount to our SOTP valuation of RM5.70 for HLI’s remaining assets. Our
valuation methodology is unchanged and we revise Narra’s 2015 PE valuation from
17x to 18x.
• 18x 2015F PE for Narra is reasonable. We deem an 18x (previously 17x) 2015F
PE for Narra is fair, given that peers are trading at an average of 19x 2015F PE.
Furthermore, we believe Hume Cement has better growth prospects as it plans to
significantly raise production capacity in the intermediate term.

MONEY TALK
HONG LEONG INDUSTRIES (HLI MK)
Tapping On The Growth Of Hume Cement
We are increasingly positive on the growth prospects of Hume Cement, underpinned by
its plant’s improving efficiency and a potential doubling in production capacity to cater
to more markets. Given the relatively lofty valuation in Narra, investing in Hume
Cement through HLI (HLI investors to receive 1.08 Narra shares for every share held)
could be a more attractive option. Upgrade HLI to BUY with a higher target price of
RM7.95.
WHAT’S NEW
• Increasing target price to RM7.95. As we are more optimistic on the operational
efficiency and utilisation rate of the Hume Cement plant 18 months after production
commencement, we raise our forecast for Hume Cement’s 2015 net profit to RM70m
(from RM55m) and thus Narra’s 2015 net profit forecast to RM80m. Pegging at a
higher 18x of (previously 17x) 2015 PE for Narra, our SOTP target price for HLI is
raised to RM7.95, from RM7.16.
• To double cement production capacity in 2 years’ time. We understand Hume
Cement’s plant utilisation rate has hit 82-85% and the company intends to double
the capacity via Phase 2 expansion adjacent to its existing plant. This potential
RM500m-600m expansion will see Hume Cement’s capacity surpassing that of
some peers (potentially becoming the third-largest cement player) and improving its
economies of scale. After ramping up its capacity, Hume Cement plans to penetrate
the southern regional markets which it has yet to have a presence. And in the longer
term, it may also consider moving downstream to the ready-mix cement market.
• Potentially to use par value for share price adjustment. Separately, we
understand that so far, Bursa seems to have no issue with HLI’s proposal to use the
par value to adjust its share price to reflect the distribution of Narra shares to HLI
shareholders (1.08 Narra shares for every HLI share). If so, after the shares go ex
Narra distribution, HLI’s share price will be adjusted by RM1.08, which is
significantly lower than the potential distribution value of Narra of >RM5/HLI share
(based on Narra’s present valuation).
STOCK IMPACT
• Restructuring exercise expected to complete in end-September. Management
is hopeful of completing the restructuring exercise by end-September. The company
is currently waiting for the court’s approval for capital reduction and distribution.
KEY

Post removed.Why?

should have mention which stocks

good article

where is the firing,,,and where is MR KOON ???? WE NEED HIM NOW FOR COMMENTS

http://klse.i3investor.com/blogs/kianweiaritcles/56679.jsp

thanks leon7, for the tips, n clarifying some issues.. very nice of you and thank you very much

will this boost mudajaya s earning STRONGLY or just nothing????

Post removed.Why?

Ayam Tua,, when you will be turning to Ayam Muda ??

CIMB TARGET STILL 2.37...CIMB SAYS THHEAVY IS TOO HOOT NOW

Not two hot

Perisai's jack-up Perisai Pacific 101 (PP101) is set to start servicing its first
contract next month, reversing the current earnings profile that is challenged
by the idling of mobile offshore production unit Rubicone and pipelay barge
Enterprise 3 (E3). Having learned from management today that the
downtime of both assets is likely to extend until year-end, we now lower our
FY14 EPS as we had expected the two assets to be put back to work in 2H14.
We maintain our FY15-16 EPS and continue to value the stock at 16.4x CY15
P/E, a 30% discount to the oil & gas big caps. We maintain our Add
recommendation, with the full deployment of the assets being the potential
re-rating catalyst.
What Happened
We spoke to management today and learned that Rubicone and E3 are likely to
remain unemployed until year-end. We had expected both assets to be
contracted in 2H14 after completing their contracts in Sep 2013.
What We Think
It is a double blow for Perisai with Rubicone and E3 not working. Although we
are disappointed with the extended downtime of the two assets, we draw some
comfort from the commencement of PP101's contract next month, marking a
new business and income stream for Perisai. PP101 should be able to help
cushion the earnings weakness brought about by the idling of the two assets
and contribute to the company's turnaround in 2H14. Launched last week,
PP101 will be deployed to Petronas Carigali on a 3-year US$158m contract. The
contract works out to a daily charter rate of US$144,292, which is in line with
the market rate.
Furthermore, the company's floating production storage and offloading (FPSO)
vessel Perisai Kamelia which started production in Nov 2013 will contribute for
the first full year this year. Nonetheless, we cut our FY14 EPS to reflect the
absence of contributions from Rubicone and E3 for the whole year.
What You Should Do
Look beyond the anticipated soft FY14 performance caused by the downtime of
Rubicone and E3. FY15 and FY16 are set to be substantially stronger years as
we expect all the assets to be fully deployed. The second and third jack-ups are
slated for delivery in mid-FY15 and mid-FY16, respectively. Perisai has yet to
secure contracts for the two newbuilds.

leon7 IR of Mudajaya has confirmed that the Indian Power Plant will take off in Q3 of 2014.This is the official statement from the company and they are 100% on this.

So for those who can't wait till Q3 you are free to dispose the shares or not buy in at this moment.

For those of you are patient enough and believe in the Indian growth story, just sit tight and hold on to it.

Cheers.


thanks leon7, very nice of you thanks

Post removed.Why?

Berjaya Corp (BC MK)
Technical BUY with +19.0% potential return
Last price : RM0.510
Target Price : RM0.550, RM610
Support : RM0.480
Stop-loss: RM0.475
BUY with a target price of RM0.610 with stoploss
below RM0.475. Despite trading below the
long-term downtrend line, BC’s share price has
shown a potential reversal from the current
downside bias. Based on Wyckoff
methodology, an extremely high volume
recorded during the accumulation phase
indicates a high level of interest. As such,
yesterday’s breakout above the “cloud” and a
positive closing above both the 10-day and 21-
day SMA lines could kick-start a new up-leg,
hence ending the current downtrend. A higher
trading volume recorded along with positive
readings in both MACD and Stochastic should
translate into upward movement in the near
term. Moving forward, a violation above the
immediate resistance of RM0.550 would
ensure upward continuation towards RM0.610
in the medium term.
Expected Timeframe: 2 weeks to 2 months

YTL Land & Development
(YTLL MK)
Technical BUY with +19.0% potential return
Last price : RM0.940
Target Price : RM1.03, RM1.12
Support : RM0.900
Stop-loss: RM0.890
BUY with a target price of RM1.12 with stoploss
below RM0.890. Following a retracement
from the recent high of RM1.03, YTLL has
established support at RM0.900. The share
price is set to end the current short-term
downside bias following yesterday’s breakout
above the immediate resistance of RM0.925
and the short-term downtrend line. An
extremely higher trading volume of 3.2m
shares (vs 20-day average of 0.6m) was
recorded, implying fresh buying interest which
could create a new up-leg. Bullish crossover in
both MACD and Stochastic signaled a growing
momentum which should in our view push the
share price higher in the near-term. We peg
our medium-term upside target at the
significant high of RM1.12.
Expected Timeframe: 2 weeks to 2 months

MPHB Capital (MPHB MK)
Technical BUY with +15.0% potential return
Last price : RM2.35
Target Price : RM2.57, RM2.72
Support : RM2.22
Stop-loss: RM2.18
BUY with a target price of RM2.72 with stoploss
below RM2.18. Following our earlier BUY
call on 19 May 14 at the price of RM1.99,
MPHB’s share price hit our initial target of
RM2.27 on 8 Jul 14. However, the share price
consolidated lower thereafter as profit-taking
activity dragged MPHB relatively lower. A new
support has been established at RM2.22 after
yesterday’s breakout from the recent high of
RM2.34. Moreover, yesterday's surge was
supported by a higher trading volume,
signaling the creation of a new up-leg.
Additionally, a bullish crossover in both MACD
and Stochastic signifies a strong momentum
which may lift the share price higher in the
near term. We expect upward continuation
from here onwards as we peg our next target
at the 1.61x Fibonacci extension level of
RM2.72.
Expected Timeframe: 2 weeks to 2 months

stay far from this counter,,overseas business peoples are not interested in this company...only locals have to take over it..so who it could be?????? MARA or others,,or air asia...

AhMoi time is running,, end of month is already approaching

Eksons Corp (EKSON MK)
Technical BUY with +10.6% potential return
Last price : RM1.42
Target Price : RM1.47, RM1.57
Support : RM1.37
Stop-loss: RM1.36
BUY with a target price of RM1.57 with stoploss
below RM1.36. Following a consolidation
within RM1.30-1.37 in the last 3 months, we
expect the share price is ready to embark on
its long-term uptrend. Yesterday’s gap-up on
the back of a higher trading volume of 1.4m
shares (vs 20-day average of 0.2m) indicates
the end of the current consolidation and the
start of a new up-leg. The share price looks set
to jump higher, supported by the strong
momentum as shown by positive readings in
both MACD and Stochastic. We expect
EKSON to retest the immediate resistance of
RM1.47 which, if breached, may spur fresh
buying interest and catapult the share price
towards the 2-year high of RM1.57.
Expected Timeframe: 1 week to 1 month

SBC Corp (SBC MK)
Technical BUY with +18.8% potential return
Last price : RM2.24
Target Price : RM2.49, RM2.66
Support : RM2.10
Stop-loss: RM2.08
BUY with a target price of RM2.66 with stoploss
below RM2.08. SBC’s share price has
been trading below the medium-term
downtrend line following a correction from the
high of RM2.49. However, the share price has
established a strong support at RM2.08-
RM2.10 despite repeated attempts to breach
lower in the past 11 weeks. Yesterday’s strong
gain has placed the share price in new territory
as SBC breached the downtrend line, the
“cloud” and both the 10-day and 21-day SMA
lines. This signals the end of the recent
correction and the start of a new uptrend. The
bullish crossover in both MACD and Stochastic
should signify a strong momentum which is
likely to lift the share price higher in the near
term. Moving forward, we expect SBC to rise
towards the 1.38x Fibonacci extension level of
RM2.66 over the medium term.
Expected Timeframe: 2 weeks to 2 months