Kenanga Research
(i) HLBANK (OP, TP: RM14.75)
(ii) IOIPG (OP, TP: RM2.30)
(iii) NOTION (OP, TP: RM1.62)
(iv) PIE (OP, TP: RM2.87)
(v) SCGM (OP, TP: RM4.48)
(vi) SKPETRO (OP, TP: RM2.09)
(vii) SLP (OP, TP: RM3.18)
(viii)SUNSURIA(OP, TP: RM1.61)
(ix) TENAGA (OP, TP: RM17.50)
(x) TM (OP, TP: RM7.03)
(xi) TOPGLOV (OP, TP: RM5.92)
As for sector/stock selections, we shall now focus on our Overweight sectors or Outperform rated stocks, especially laggards. We like (i) Aviation, (ii) Gloves, (iii) Plastic Packaging, (iv) Power Utilities, (v) Property, and (vi) Technology sectors. NOTION and PIE are proxies for Technology sector. SCGM and SLP are Top Picks for Plastic Packaging sector. SUNSURIA is an alpha-play for our tactical OVERWEIGHT call for Property sector. We also select IOIPG and TOPGLOV for laggard play apart from proxies to Property and Glove sectors, while TENAGA being the laggard pick for the Power Utilities sector. SKPETRO and TM are also picked as laggard plays while HLBANK will act as a proxy to the revival of foreign interest in banking sector in additional to its undemanding valuation.
