11 September 2012 c Mohammad Ashraf Abu Bakar, CMT Tel : +6(03)9207 7699 Email : ashraf.abubakar@my.oskgroup.com Daily Trading Stocks Gamuda Bhd Dialog Bhd RM2.50 RM3.60 RM3.36 RM2.35 Gamuda may decline further if the stock closes below May s low of RM3.36. A position can be exited if it happens and supports are anticipated at RM3.15 and RM2.95. A sustained close above RM3.36 may lead to a rebound but the negative bias is only cancelled if the stock closes above June s high of RM3.60. Dialog may decline further after closing at its lowest since early June. A position can be liquidated below RM2.35 and supports are at the prior low of RM2.15 and the psychological RM2.00. A sustained close above RM2.35 may lead to a rebound but weakness is only nullified by a close above 2012 s high of RM2.50. Malaysia Equity /OSK Retail Research / PP 17482/07/2013(032828) Page 1 of 1
Petronas Chemicals Group Bhd Mudajaya Group Bhd RM0.75 RM2.80 RM6.35 RM2.50 PChem may decline further after closing at its lowest since Feb. A trader can liquidate on a close below RM6.35, with supports expected at RM6.10 and RM5.90. However, a sustained close above RM6.35 could lead to a rebound, possibly testing the RM6.60 resistance level. Mudajaya may decline after failing to break above RM2.80 despite multiple tests. A position can be liquidated below RM2.70 and selling should intensify below RM2.50. Further support is at Jan s gap of RM2.35. Failure to stay below RM2.50 could lead to a rebound but weakness is only cancelled on a close above RM2.80. Page 2 of 2
Hua Yang Bhd Gadang Holdings Bhd RM0.62 RM1.80 RM1.70 RM0.57 100-day MAV line High Hua Yang may rebound if the stock can close above the three-day high of RM1.80. A position can be initiated if it happens, with a close below last week s low of RM1.70 as a stop-loss. The price targets are at the RM2.00 gap and Aug s high of RM2.20. Failure to break higher should see the stock lower. Strong support is seen at RM1.60. Gadang s rally may resume if the stock closes above the threemonth resistance of RM0.62. A purchase can be made if it happens, with a close below last week s low of RM0.60 as a stop-loss. The price targets are at prior highs of RM0.655 and RM0.68. The stock will likely trade sideways should it fail to break the resistance, with further support expected at RM0.52. Page 3 of 3
Genting Malaysia Bhd Tradewinds Corp Bhd RM0.82 RM3.57 RM0.65 RM0.74 High High GenM may rebound further if the stock closes above Sept s high of RM3.57. A purchase can be made if it happens, with a close below last week s low of RM3.48 as a stop-loss. The price target is RM3.75, and a break could lead to a test of RM3.90. Failure to close higher should see it sideways and strong support is seen at RM3.30. TWSCorp could rally further after a firmer close yesterday. A purchase can be made on a close above July s high of RM0.82, with a close below RM0.80 as a stop-loss. The price targetd are at the prior high of RM0.88 and 2012 s high of RM0.95. The stock will likely trade sideways if it fails to break higher, with support seen at RM0.74. Page 4 of 4
July 2012 s Daily Trading Stocks Stock OSK188 1st 2nd Ticker Target Target Cut-loss Recommendation Guan Chong GCB RM3.40 RM3.55 RM3.00 Buy on rally continuation above RM3.15 Zhulian Corp ZHULIAN RM2.40 RM2.50 RM2.11 Buy on rally continuation above RM2.20 M-Mode MMB RM0.52 RM0.56 RM0.445 Buy on rebound continuation above RM0.45 Hua Yang HUAYANG RM2.30 RM2.45 RM2.00 Buy on rally continuation above RM2.06 Wellcall Holdings WELLCAL RM2.50 RM2.60 RM2.10 Buy on rally continuation above RM2.25 WTK Holdings WTK RM1.08 RM1.03 RM1.27 Sell below 6-month low close of RM1.17 Zelan ZELAN RM0.325 RM0.30 RM0.40 Sell below 6-month low close of RM0.365 Petronas Dagangan PETDAG RM24.00 RM25.00 RM21.00 Buy on rally continuation above RM22.00 MK Land Holdings MKLAND RM0.45 RM0.475 RM0.41 Buy on rally continuation above RM0.41 United Malacca UMCCA RM8.00 RM8.75 RM7.55 Buy on rally continuation above RM7.80 KBB Resources KBB RM0.60 RM0.65 RM0.47 Buy on rebound continuation above RM0.50 Benalec Holdings BENALEC RM1.30 RM1.40 RM1.15 Buy on rebound continuation above RM1.23 Uzma UZMA RM1.65 RM1.85 RM1.43 Buy on rally continuation above RM1.50 Asia Media Group AMEDIA RM0.68 RM0.61 RM0.90 Sell below RM0.80 on possible top at RM0.90 MyEG Services MYEG RM0.68 RM0.66 RM0.80 Sell below RM0.75 on possible top at RM0.80 Media Prima MEDIA RM2.60 RM2.75 RM2.35 Buy on rebound continuation above RM2.44 Apex Healthcare AHEALTH RM3.30 RM3.80 RM2.90 Buy on rebound continuation above RM3.00 Malayan Flour Mills MFLOUR RM1.80 RM1.96 RM1.50 Buy above RM1.65 on possible bottom at RM1.50 IGB Corp IGB RM2.50 RM2.35 RM2.80 Sell below 6-month low close of RM2.65 Malton MALTON RM0.635 RM0.715 RM0.55 Buy above RM0.60 on possible bottom at RM0.55 Genting GENTING RM9.50 RM9.85 RM8.86 Buy above RM9.03 on possible bottom at RM8.86 TSH Resources TSH RM3.00 RM3.25 RM2.50 Buy above RM2.63 on possible bottom at RM2.50 Favelle Favco FAVCO RM2.00 RM2.30 RM1.72 Buy on rally continuation above RM1.80 Gas Malaysia GASMSIA RM2.88 RM3.00 RM2.60 Buy on rally continuation above RM2.70 Kulim KULIM RM5.80 RM6.10 RM5.10 Buy on rally continuation above RM5.30 UMW Holdings UMW RM11.00 RM11.50 RM9.40 Buy on rally continuation above RM10.00 Dijaya Corp DIJACOR RM1.30 RM1.50 RM1.10 Buy on close above 3-month high of RM1.20 Redtone International REDTONE RM0.38 RM0.45 RM0.31 Buy above RM0.33 on possible bottom at RM0.31 Tasco TASCO RM2.35 RM2.50 RM2.00 Buy on rally continuation above RM2.20 Genting Malaysia GENM RM3.65 RM3.80 RM3.30 Buy above RM3.40 on possible bottom at RM3.30 Perisai Petroleum PERISAI RM1.00 RM1.12 RM0.90 Buy on rally continuation above RM0.93 Tradewinds Plantation TWSPLNT RM5.50 RM6.00 RM4.37 Buy above RM4.50 on possible bottom at RM4.37 Muar Ban Lee Group MBL RM1.32 RM1.43 RM1.10 Buy on rally continuation above RM1.20 Kumpulan Europlus KEURO RM1.40 RM1.70 RM1.10 Buy on rebound continuation above RM1.15 SKP Resources SKPRES RM0.40 RM0.43 RM0.355 Buy on rally continuation above RM0.375 Cahaya Mata Sarawak CMSB RM3.10 RM3.56 RM2.90 Buy on rally continuation above RM3.00 Equine Capital EQUINE RM0.70 RM0.775 RM0.60 Buy on rebound continuation above RM0.62 Multi-Purpose Hldg MPHB RM4.00 RM4.30 RM3.50 Buy on rally continuation above RM3.70 Bright Packaging BRIGHT RM1.80 RM2.00 RM1.40 Buy on rally continuation above RM1.50 Supermax Crop SUPERMX RM2.35 RM2.50 RM2.10 Buy on rebound continuation above RM2.20 Latexx Partners LATEXX RM2.00 RM2.10 RM1.70 Buy on rebound continuation above RM1.80 Nextnation Comm NEXTNAT RM0.14 RM0.17 RM0.095 Buy on rebound continuation above RM0.115 Fitters Diversified FITTERS RM0.80 RM0.85 RM0.73 Buy above RM0.75 on possible bottom at RM0.73 MWE Holdings MWE RM1.90 RM2.00 RM1.55 Buy on rally continuation above RM1.62 Alam Maritim Res ALAM RM0.675 RM0.725 RM0.52 Buy on close above 3-month high of RM0.56 SYF Resources SYF RM0.625 RM0.725 RM0.55 Buy on rebound continuation above RM0.565 Dayang Enterprise DAYANG RM2.20 RM2.40 RM1.99 Buy on close above 3-month high of RM2.03 Hup Seng Industries HUPSENG RM2.95 RM3.10 RM2.60 Buy on rally continuation above RM2.70 Ajinomoto (M) AJI RM5.00 RM5.35 RM4.50 Buy on rally continuation above RM4.60 Century Bond CENBOND RM1.10 RM1.20 RM1.00 Buy above RM1.02 on possible bottom at RM1.00 Tomypak Holdings TOMYPAK RM1.40 RM1.55 RM1.10 Buy on rally continuation above RM1.15 Integrated Logistics ILB RM1.15 RM1.35 RM0.90 Buy on rally continuation above RM0.95 Perdana Petroleum PERDANA RM0.74 RM0.81 RM0.62 Buy above RM0.64 on possible bottom at RM0.62 MISC MISC RM4.85 RM5.20 RM4.40 Buy above RM4.50 on possible bottom at RM4.20 Aeon Co AEON RM11.20 RM12.00 RM9.85 Buy on rally continuation above RM10.00 Kossan Rubber Ind KOSSAN RM3.60 RM3.90 RM3.10 Buy on close above 3-month high of RM3.30 Goodway Integrated GII RM0.55 RM0.60 RM0.465 Buy on rebound continuation above RM0.50 Petra Energy PENERGY RM2.00 RM2.20 RM1.70 Buy on rally continuation above RM1.80 Tambun Indah Land TAMBUN RM0.70 RM0.75 RM0.63 Buy on rally continuation above RM0.65 TRC Synergy TRC RM0.75 RM0.80 RM0.62 Buy above RM0.65 on possible bottom at RM0.62 Hong Leong Industries HLIND RM5.00 RM6.00 RM4.30 Buy on rally continuation above RM4.50 Malaysia Airports AIRPORT RM5.00 RM4.50 RM5.80 Sell on close below 8-month low of RM5.40 YTL Corp YTL RM1.75 RM1.66 RM1.95 Sell on failure to break above RM1.95 resistance level WCT WCT RM2.78 RM2.90 RM2.50 Buy on rebound continuation above RM2.60 TIME dotcom TIMECOM RM3.75 RM4.00 RM3.30 Buy above RM3.50 on possible bottom at RM3.30 Page 5 of 5
August 2012 s Daily Trading Stocks Stock OSK188 1st 2nd Ticker Target Target Cut-loss Recommendation Mah sing Group MAHSING RM2.70 RM2.85 RM2.37 Buy on rally continuation above RM2.45 CB Industrial Product CBIP RM3.10 RM3.50 RM2.84 Buy on rally continuation above RM2.90 Naim Indah Crop NICORP RM0.365 RM0.425 RM0.30 Buy above RM0.32 on possible bottom at RM0.30 Digistar Corp DIGISTA RM0.35 RM0.315 RM0.475 Sell below 12-month low close of RM0.40 IJM Corp IJM RM5.50 RM5.80 RM3.101 Buy on close above 3-month high RM5.25 AEON Credit Service AEONCR RM13.00 RM14.00 RM11.00 Buy on rally continuation above RM12.00 Prestariang PRESBHD RM1.38 RM1.55 RM1.27 Buy on rally continuation above RM1.30 Plenitude PLENITU RM2.20 RM2.35 RM1.85 Buy on rebound continuation above RM2.00 Asia Media Group AMEDIA RM1.00 - RM0.83 Buy on rally continuation above RM0.90 OCK Group OCK RM0.50 RM0.55 RM0.42 Buy on rally continuation above RM0.45 Faber Group FABER RM1.50 RM1.65 RM1.30 Buy above RM1.42 on possible bottom at RM1.30 JCY International JCY RM1.20 RM1.07 RM1.40 Sell below 3-month support of RM1.30 Scomi Group SCOMI RM0.30 RM0.325 RM0.245 Buy on rebound continuation above RM0.26 Industronics ITRONIC RM0.90 RM1.00 RM0.70 Buy on rally continuation above RM0.75 Ajiya AJIYA RM2.00 RM2.25 RM1.70 Buy on rally continuation above RM1.75 Bonia Corp BONIA RM2.80 RM3.20 RM2.15 Buy on rebound continuation above RM2.30 Pacific & Orient P&O RM1.33 RM1.42 RM1.14 Buy above RM1.20 on possible bottom at RM1.14 KBB Resources KBB RM0.60 RM0.65 RM0.49 Buy on rebound continuation above RM0.50 KLCC Property Hldg KLCCP RM5.90 RM6.50 RM5.20 Buy on rally continuation above RM5.50 Pos Malaysia POS RM3.40 RM3.75 RM3.10 Buy on rally continuation above RM3.20 Pantech Group Hldg PANTECH RM0.75 RM0.815 RM0.65 Buy on rally continuation above RM0.685 Opensys M OPENSYS RM0.19 RM0.22 RM0.135 Buy on rebound continuation above RM0.155 Bumi Armada ARMADA RM3.50 RM3.40 RM3.80 Sell below 8-month low close of RM3.70 China Stationary Ltd CSL RM1.00 - RM1.15 Sell below RM1.12 on possible top at RM1.15 MyEG Service MYEG RM0.87 RM0.95 RM0.75 Buy on rally continuation above RM0.80 SYF Resources SYF RM0.625 RM0.725 RM0.535 Buy on rebound continuation above RM0.565 QL Resources QL RM3.50 RM3.90 RM3.13 Buy on rebound continuation above RM3.30 Kian Joo Can Factory KIANJOO RM2.90 RM3.15 RM2.50 Buy on rally continuation above RM2.65 Borneo Aqua Harvest BAHVEST RM0.70 RM0.75 RM0.60 Buy on rally continuation above RM0.65 BIMB Holdings BIMB RM3.50 RM3.90 RM3.00 Buy on rally continuation above RM3.30 Cypark Resources CYPARK RM1.80 - RM1.66 Buy above RM1.72 on possible bottom at RM1.66 Malaysia Resources MRCB RM1.85 RM2.00 RM1.60 Buy above RM1.66 on possible bottom at RM1.60 Johore Tin JOHOTIN RM2.00 RM2.20 RM1.70 Buy on rally continuation above RM1.85 Pintaras Jaya PTARAS RM3.03 RM3.50 RM2.65 Buy on rebound continuation above RM2.80 Tan Chong Motor TCHONG RM4.90 RM5.00 RM4.40 Buy on rebound continuation above RM4.60 Xingquan Int Sport XINQUAN RM0.74 RM0.70 RM0.92 Sell below 8-month low close of RM0.84 Tien Wah Press Hldg TIENWAH RM2.40 RM2.50 RM2.00 Buy on rally continuation above RM2.15 KNM Group KNM RM0.60 RM0.55 RM0.72 Sell on close below RM0.68 Eastern & Oriental E&O RM2.00 RM2.30 RM1.57 Buy above RM1.62 on possible bottom at RM1.57 TIME Engineering TIME RM0.275 RM0.25 RM0.34 Sell below 6-month low close of RM0.315 Tebrau Teguh TEBRAU RM0.65 RM0.56 RM0.77 Sell on break below 8-month support of RM0.70 Malton MALTON RM0.525 RM0.50 RM0.60 Sell on break below 1-month support of RM0.56 Malaysia Airlines MAS RM0.85 RM0.75 RM1.20 Sell on break below 4-month support of RM1.00 Malaysia Marine MHB RM4.40 RM4.00 RM4.90 Sell on break below 4-month support of RM4.70 Industronics ITRONIC RM0.62 RM0.575 RM0.75 Sell below RM0.70 on possible top at RM0.75 Malaysia Flour Mills MFLOUR RM1.25 RM1.15 RM1.60 Sell on break below 4-month support of RM1.40 Can-One CANONE RM2.25 RM2.00 RM2.90 Sell on break below 2-month support of RM2.65 Power Root PWROOT RM0.92 RM0.82 RM1.00 Sell on possible correction below RM1.00 KNM Group KNM RM0.80 RM0.845 RM0.625 Buy above RM0.655 on possible bottom at RM0.625 China Stationary CSL RM1.23 RM1.30 RM1.12 Buy on rebound continuation above RM1.18 Scomi Group SCOMI RM0.325 RM0.37 RM0.26 Buy on rebound continuation above RM0.30 JCY International JCY RM0.86 RM0.80 RM1.07 Sell on break below 6-month support of RM1.07 Hap Seng Consolidated HAPSENG RM1.55 RM1.48 RM1.70 Sell on break below 6-month support of RM1.60 Rimbunan Sawit RSAWIT RM0.915 RM0.83 RM1.15 Sell on break below 6-month support of RM1.00 SYF Resources SYF RM0.60 RM0.57 RM0.70 Sell below RM0.65 on possible top at RM0.70 Asia Media Group AMEDIA RM0.92 RM0.85 RM1.00 Sell below RM0.98 on possible top at RM1.02 Maxis MAXIS RM7.50 RM7.90 RM6.94 Buy on rally continuation above RM7.00 Telekom Malaysia TM RM6.30 RM6.75 RM5.80 Buy on rally continuation above RM6.00 Petra Energy PENERGY RM1.80 RM1.60 RM2.00 Sell below RM1.90 on possible top at RM2.00 KSL Holdings KSL RM1.50 RM1.60 RM1.38 Buy above 5-month resistance of RM1.42 Masterskill Education MEGB RM0.675 RM0.63 RM0.80 Sell on selling continuation below RM0.75 MAA Group MAA RM0.52 RM0.58 RM0.435 Buy above RM0.46 on possible bottom at RM0.435 UEM Land UEMLAND RM1.70 RM1.63 RM2.00 Sell on selling continuation below RM1.90 Malaysian Bulk Carrier MAYBULK RM1.40 RM1.30 RM1.60 Sell on selling continuation below RM1.50 Page 6 of 6
OSK Research Guide to Investment Ratings Buy: Share price may exceed 10% over the next 12 months Trading Buy: Share price may exceed 15% over the next 3 months, however longer-term outlook remains uncertain Neutral: Share price may fall within the range of +/- 10% over the next 12 months Take Profit: Target price has been attained. Look to accumulate at lower levels Sell: Share price may fall by more than 10% over the next 12 months Not Rated (NR): Stock is not within regular research coverage All research is based on material compiled from data considered to be reliable at the time of writing. However, information and opinions expressed will be subject to change at short notice, and no part of this report is to be construed as an offer or solicitation of an offer to transact any securities or financial instruments whether referred to herein or otherwise. We do not accept any liability directly or indirectly that may arise from investment decision-making based on this report. The company, its directors, officers, employees and/or connected persons may periodically hold an interest and/or underwriting commitments in the securities mentioned. Distribution in Singapore This research report produced by OSK Research Sdn Bhd is distributed in Singapore only to Institutional Investors, Expert Investors or Accredited Investors as defined in the Securities and Futures Act, CAP. 289 of Singapore. If you are not an Institutional Investor, Expert Investor or Accredited Investor, this research report is not intended for you and you should disregard this research report in its entirety. In respect of any matters arising from, or in connection with, this research report, you are to contact our Singapore Office, DMG & Partners Securities Pte Ltd ( DMG ). All Rights Reserved. No part of this publication may be used or re-produced without expressed permission from OSK Research. Published by :- Published by OSK Research Sdn. Bhd., 6th Floor, Plaza OSK, Jalan Ampang, 50450 Kuala Lumpur Printed by Xpress Print (KL) Sdn. Bhd., No. 17, Jalan Lima, Off Jalan Chan Sow Lin, 55200 Kuala Lumpur OSK Research Sdn. Bhd. (206591-V) (A wholly-owned subsidiary of OSK Investment Bank Berhad) Branches Malaysia Malaysia Research Office OSK Research Sdn. Bhd 6 th Floor, Plaza OSK Jalan Ampang 50450 Kuala Lumpur Malaysia TEL :+(60)3 9207 7688 FAX :+(60)3 2175 3202 Hong Kong Hong Kong Office OSK Securities Hong Kong Ltd. 12 th Floor, World-Wide House 19 Des Voeux Road Central, Hong Kong TEL :+(852) 2525 1118 FAX :+(852) 2810 0908 Singapore Singapore Office DMG & Partners Securities Ptd Ltd. 10 Collyer Quay #09-08 Ocean Financial Centre Singapore 049315 TEL :+(65) 6533 1818 FAX :+(65) 6532 6211 Indonesia PT OSK Nusadana Securities Indonesia Plaza CIMB Naga, 14 th Floor, Jl. Jend. Sudirman Kav.25, Jakarta Selatan 12920, Indonesia Shanghai OSK (China) Investment Advisory Co. Ltd. Room 6506, Plaza 66, No.1266, West Nan Jing Road 200040 Shanghai China Phnom Penh OSK Indochina Securities Limited No.1-3, Street 271 Sangkat Toeuk Thia, Khan Sen Sok, Phnom Penh Cambodia TEL :+(6221) 2598 6888 FAX :+(6221) 2598 6777 TEL :+(8621) 6288 9611 FAX :+(8621) 6288 9633 TEL :+(855) 2399 2833 FAX :+(855) 2399 1822 Bangkok OSK Securities (Thailand) PCL 10 Floor, Sathorn Square Office Tower 98, North Sathorn Rd, Silom Bangrak, Bangkok 10500 Thailand TEL :+(66) 0862 9999 FAX :+(66) 0108 0999 Page 7 of 7