27 June 2012 Mohammad Ashraf Abu Bakar, CMT Tel : +6(03)9207 7699 Email : ashraf.abubakar@my.oskgroup.com Daily Trading Stocks Maybank Bhd YTL Corp Bhd Resistance RM8.80 Resistance RM2.07 RM8.50 RM1.80 50-day MAV line High Maybank has to close above RM8.80 or risk falling further. Weakness is confirmed on another close below RM8.68 and a position can be liquidated if it happens. s are expected at RM8.50 and the 2012 low of RM8.20. However, a close above RM8.80 should see the continuation of a rebound. Resistance is expected at RM9.00 and RM9.25. Sellers may have taken over after YTL failed a high test of the RM2.15 resistance level last week. Liquidation can be made below the 3-day high of RM2.07 and supports are expected at the Fibonacci retracements of the 2-month rally at RM1.90 and RM1.80. However, a close above RM2.15 will cancel the negative bias and it could see the stock trade higher. Malaysia Equity /OSK Retail Research / PP 17482/07/2012(030249) Page 1 of 1
Top Glove Corp Bhd KBES Bhd Resistance RM5.20 RM5.10 Resistance RM0.28 RM0.255 Top Glove s rebound should continue if it closes above the 5-day high of RM5.20. A position can be initiated if it happens, with a close below the 3-day low of RM5.10 as stop-loss. A conservative trader may wait until a close above RM5.25 before entering. The price target is RM5.80, with selling also expected at RM5.50. The stock is likely to correct should it close below RM5.10, with supports at RM4.92 and RM4.70. KBES should maintain its rebound if it can stay above the resistance level of RM0.28 today. A position can be initiated if that happens, with a close below the recent low of RM0.255 as stop-loss. The price target is RM0.425, provided that the recent high of RM0.38 is violated convincingly. Failure to break higher could see the stock trading sideways, with further support expected at RM0.23. Page 2 of 2
Kelington Group Bhd KBB Resources Bhd Resistance RM1.10 Resistance RM0.50 RM1.05 RM0.465 Kelington s upward momentum should continue after it closed at its all time high. A position can be initiated above RM1.10, with a close below the gap of RM1.05 as stop-loss. The price target is RM1.33, with selling also expected at RM1.21. The trade may not work should the stop-loss be triggered but expect strong support at the psychological RM0.96. KBB should resume its rebound if it closes above the 2-day high of RM0.50. A position can be initiated above this level, with a close below yesterday s low of RM0.465 as stop-loss. The price target is RM0.75, provided that the recent high of RM0.60 is violated. The stock may retrace should the resistance hold and expect strong support at RM0.415. Page 3 of 3
Dayang Enterprise Holdings Bhd Malaysia Airline System Bhd Resistance RM2.03 50-day MAV line RM1.94 Resistance RM1.20 RM1.12 High Dayang will likely trade lower if the 4-month support level of RM1.94 is violated. Liquidation can be made if it that happens and supports should come at the Fibonacci retracements of Oct-Feb rally at RM1.83 and RM1.70. However, a close above the 1-month high of RM2.03 indicates that the support level is holding firm and a rebound is in store. Expect strong resistance at the 2012 high of RM2.20. MAS has to close above RM1.20 or risk falling further. Weakness is confirmed on another close below the 2-week low of RM1.12 and a position can be liquidated if that happens. Strong support is expected at the psychological RM1.00 and a successful violation of that is required if the stock is to trade lower. However, a close above RM1.20 should see the continuation of a rebound and resistance is expected at RM1.30. Page 4 of 4
June 2012 s Daily Trading Stocks Stock OSK188 1st 2nd Ticker Target Target Cut-loss Recommendation Sarawak Cable SCABLE RM1.50 RM1.31 RM1.92 Sell on close below 10-month low of RM1.70 Sunway REIT SUNREIT RM1.40 RM1.45 RM1.22 Buy on close above 4-month high of RM1.30 Mudajay Group MUDAJYA RM3.20 RM3.50 RM2.50 Buy on close above 2-month high of RM2.82 Maybank MAYBANK RM8.15 RM7.90 RM8.80 Sell below RM8.70 on failure to break 1-month resistance Media Prima MEDIA RM2.46 - RM2.19 Buy on a possible rebound above RM2.25 Sime darby SIME RM8.60 RM8.25 RM9.80 Sell below RM9.68 on failure to break 1-month resistance N2N Connect N2N RM0.60 RM0.70 RM0.425 Buy on possible bottom above RM0.47 KPJ Healthcare KPJ RM5.00 - RM6.00 Sell below RM5.70 on failure to break 1-month resistance Evergreen Fibreboard EVERGRN RM0.74 RM0.60 RM0.90 Sell on violation of 7-month low of RM0.88 Favelle Favco FAVCO RM1.23 RM1.15 RM1.40 Sell on close below 3-month low of RM1.32 Southern Steel SSTELL RM1.52 - RM2.00 Sell on close below 2½ low of RM1.80 AirAsia AIRASIA RM4.00 RM4.20 RM3.50 Buy on close above 3 month high of RM3.70 Hap Seng Plantations HSPLANT RM3.20 RM3.70 RM2.84 Buy on close above psychological RM3.00 WCT WCT RM2.55 RM2.64 RM2.35 Buy on upward continuation above RM2.45 Zhulian Corp ZHULIAN RM2.20 RM2.40 RM1.88 Buy on violation of 5-month resistance of RM2.00 Flonic Hi-Tec FLONIC RM0.145 - RM0.085 Buy on upward continuation of RM0.115 Zelan ZELAN RM0.345 RM0.31 RM0.40 Sell on break of 6-month low of RM0.365 Sumatec Resources SUMATEC RM0.235 RM0.25 RM0.175 Buy on possible bottom above RM0.205 CBSA CBSA RM0.38 RM0.355 RM0.425 Sell on violation of 4-month support of RM0.40 Allianz Malaysia ALLIANZ RM5.50 - RM4.85 Buy on break of 6-month resistance of RM5.00 Guiness Anchor GAB RM15.00 RM16.80 RM12.80 Buy on break of 4-month high of RM13.70 LBI Capital LBICAP RM0.90 RM1.00 RM0.71 Buy on close above 5-year high of RM0.80 SCC Holdings SCC RM1.00 RM1.10 RM0.86 Buy on all time high close above RM0.90 Century Software CENSOF RM0.45 - RM0.34 Buy in upward continuation above RM0.38 TMC Life Sciences TMCLIFE RM0.33 RM0.34 RM0.29 Buy on upward continuation above RM0.305 Telekom Malaysia TM RM5.90 RM6.25 RM5.20 Buy on close above all time high of RM5.50 YTL Corp YTL RM2.15 - RM2.00 Buy on uptrend continuation above psychological RM2.00 CB Industrial Product CBIP RM2.80 RM3.00 RM2.33 Buy on possible bottom above RM2.45 Maxis MAXIS RM6.30 RM6.15 RM6.50 Sell on possible correction below RM6.48 Redtone Int l REDTONE RM0.30 RM0.33 RM0.235 Buy on break abov 1-month high of RM0.245 Crest Builder Holding CRESBLD RM1.20 RM1.30 RM1.06 Buy on upward continuation of RM1.08 Muhibbah Eng MUHIBAH RM1.34 RM1.39 RM1.15 Buy on possible bottom above RM1.21 Xidelang Holdings XDL RM0.28 RM0.30 RM0.22 Buy on possible bottom above RM0.235 Hong Leong Fin Grp HLFG RM12.50 RM13.50 RM11.70 Buy on possible bottom above RM11.70 Top Glove Corp TOPGLOV RM5.00 RM5.25 RM4.45 Buy on break of 2-month high of RM4.70 Tasco TASCO RM2.40 RM2.60 RM2.00 Buy on break of 3-month high of RM2.20 Starhill REIT STAREIT RM1.05 RM1.00 RM0.95 Buy on break of 2 month high of RM0.965 AT Systemisation AT RM0.25 RM0.30 RM0.18 Buy on upward continuation above RM0.205 Deleum DELEUM RM1.70 RM1.80 RM1.55 Buy on possible bottom above RM1.60 Premier Nalfin PREMIER RM0.465 RM0.50 RM0.335 Buy on break of 4-month high of RM0.40 Malaysia Pacific Ind MPI RM3.20 RM3.30 RM2.96 Buy on upward continuation above RM3.01 Permaju Industries PERMAJU RM0.60 RM0.70 RM0.46 Buy on possible bottom above RM0.50 Berjaya Corp BJCORP RM0.88 RM0.915 RM0.74 Buy on possible bottom above RM0.80 Shangri-La Hotels SHANG RM3.50 RM3.90 RM2.90 Buy on violation of 5-year high above RM5.00 HELP International HELP RM2.00 RM2.40 RM1.60 Buy on break of 10-month high of RM1.82 Supermax Corp SUPERMX RM2.20 RM2.40 RM1.87 Buy on break of 3 month high of RM2.00 Latexx Partners LATEXX RM1.70 RM1.80 RM1.40 Buy on break of 2 month high of RM1.50 DSC Solutions DSCSOL RM0.16 RM0.15 RM0.20 Sell on failure to break psychological RM0.20 Petronas Chemicals PCHEM RM6.00 RM5.80 RM6.40 Sell on failure to close back above support level of RM6.40 Padini Holdings PADINI RM2.00 - RM1.65 Buy on break of 1-month high of RM1.80 Malaysia Building Soc MBSB RM2.80 RM3.00 RM2.27 Buy on break of 4-month high of RM2.42 Lingakaran Trans LITRAK RM4.50 RM4.80 RM3.93 Buy on break of 3-month high of RM4.15 MSM Malaysia MSM RM5.60 RM6.00 RM5.05 Buy on break of 10-month high of RM5.31 KNM Group KNM RM0.78 RM0.83 RM0.70 Buy on possible bottom above RM0.73 Bintai Kinden Corp BINTAI RM0.70 RM0.90 RM0.47 Buy on break of psychological RM0.50. Century Logistic CENTURY RM1.90 RM2.00 RM1.66 Buy on upward continuation above RM1.70 Perisai Petroleum PERISAI RM1.00 RM1.20 RM0.865 Buy on upward continuation above RM0.90 Can-One CANONE RM2.60 RM3.00 RM2.15 Buy on break of 6-month high of RM2.20 Parkson Holdings PARKSON RM5.00 RM5.40 RM4.30 Buy on possible rebound above RM4.60 GPRO Technologies GPRO RM0.15 RM0.175 RM0.09 Buy on upward continuation above RM0.115 Tanjun Offshore TGOFFS RM0.90 RM1.00 RM0.77 Buy on upward continuation above RM0.80 United Malayan Land UMLAND RM2.20 RM2.40 RM1.95 Buy on upward continuation above RM2.02 Unisem UNISEM RM1.50 RM1.60 RM1.30 Buy on close above 1-month high of RM1.38 IJM Land IJMLAND RM2.60 RM2.80 RM2.25 Buy above 3-month high close of RM2.25 UOA Development UOADEV RM1.80 RM2.00 RM1.42 Buy on break of 5-month high of RM1.57 Page 5 of 5
June 2012 s Daily Trading Stocks Stock OSK188 1st 2nd Ticker Target Target Cut-loss Recommendation Public Bank PBBANK RM15.00 RM15.50 RM13.60 Buy on break of 5-month high of RM13.80 Aeon Credit Service AEONCR RM13.00 RM14.00 RM10.00 Buy above 2-month resistance of RM11.30 Integrax INTEGRA RM1.60 RM1.80 RM1.30 Buy on break of 6-month high of RM1.40 Pos Malaysia POS RM3.00 RM3.20 RM2.72 Buy after the break of 4-month resistance of RM2.75 Gopeng GOPENG RM1.00 RM1.12 RM0.82 Buy on break of 1½ year high of RM0.90 Daibochi Plastic DAIBOCHI RM4.00 RM5.50 RM2.75 Buy on break of 1½ year high of RM3.00 Metronic Global MTRONIC RM0.19 RM0.21 RM0.12 Buy on possible bottom above RM0.14 Landmarks LANDMRK RM1.00 RM1.05 RM0.885 Buy on possible bottom above RM0.935 Supermax Corp SUPERMX RM2.20 RM2.40 RM1.87 Buy on break above psychological RM2.00 Latexx Partners LATEXX RM1.70 RM1.80 RM1.40 Buy on break above psychological RM1.50 Axiata AXIATA RM6.00 RM6.75 RM5.28 Buy on close above 2-month high of RM5.40 Sapura Industrial SAPIND RM2.10 RM2.50 RM1.50 Buy on close above 1-year high of RM1.70 Kulim KULIM RM5.10 RM5.40 RM4.38 Buy above RM4.50 on possible bottom at RM4.38 Green Ocean Corp GOCEAN RM0.23 RM0.25 RM0.17 Buy above RM0.20 on possible bottom at RM0.17 MISC MISC RM5.00 - RM3.85 Buy above RM4.16 on possible bottom at RM3.85 KLCC Property KLCCP RM4.50 RM4.70 RM3.97 Buy on upward continuation above RM4.00 Calrsberg Brewery CARLSBG RM13.00 RM15.50 RM11.90 Buy on upward continuation above RM12.20 Pacific & Orient P&O RM1.13 RM1.20 RM0.95 Buy on close above 4-month high of RM1.00 Malaysia Marine MHB RM6.00 RM6.30 RM5.27 Buy on upward continuation above RM5.50 Boustead Heavy Ind BHIC RM3.45 RM3.60 RM2.80 Buy above RM3.00 on possible bottom at RM2.80 Scomi Marine SCOMIMR RM0.60 RM0.70 RM0.485 Buy on upward continuation above RM0.50 Land & General L&G RM0.435 RM0.50 RM0.38 Buy on upward continuation above RM0.40 Dutch Lady DLADY RM40.00 RM42.00 RM34.00 Buy above 3-month resistance of RM36.00 Favalle Favco FAVCO RM1.80 RM2.00 RM1.48 Buy on close above 1-year high of RM1.55 Smartag Solutions SMARTAG RM0.30 RM0.33 RM0.245 Buy on upward continuation above RM0.255 Harvest Court HARVEST RM0.55 RM0.60 RM0.45 Buy on upward continuation above RM0.50 Gamuda GAMUDA RM3.20 RM3.00 RM3.65 Sell below RM3.55 on failure to break above RM3.65 resistance Bintai Kinden Corp BINTAI RM0.52 RM0.48 RM0.60 Sell on anticipation of top at RM0.60 MWE Holdings MWE RM1.60 RM1.70 RM1.45 Buy on 5-year high close above RM1.50 Quil Capita Trust QCAPITA RM1.20 RM1.27 RM1.12 Buy on break of 4-mont high of RM1.15 Ingress Corp INGRESS RM1.25 RM1.40 RM1.08 Buy on close above 4-year high of RM1.12 Malton MALTON RM0.66 RM0.72 RM0.555 Buy on upward continuation above RM0.58 Petronas Chemicals PCHEM RM6.20 RM6.05 RM6.65 Sell below RM6.55 on failure to break above RM6.65 resistance Cycle & Carriage CCB RM3.50 RM3.70 RM2.96 Buy above RM3.10 on break of 200-day MAV line 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