Kenanga Research & Investment

Highlights / Stock Picks of the Day - Super Enterprise Holdings Berhad (SUPER) – Not Rated

kiasutrader
Publish date: Tue, 19 May 2015, 09:28 AM

SUPER gapped up yesterday to rebound from its recent consolidation phase. The underlying trend looks attractive as the share price currently trades above all its key SMA levels. We understand that historically, the stock’s key momentum indicators usually hover around the overbought region. Thus, based on the uptick of key indicators, we reckon that the share price is poised to rally further. Should the share price break above its all-time high of RM3.35 (R1), we expect it to trend towards its +2SD regression level of RM3.50 (R2) in the near-term.

Source: Kenanga Research - 19 May 2015

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calvintaneng

SUPER?

Really Super for Calvin Tan Research

One of my best stock pick & recommendation at RM1.20. At that time nobody was interested when I called from a buy. Super benefited from Crashing Crude Price as its raw material is in plastic products. It has 9 industrial assets at Old Book Value. Now that Super has surged more than 150% I don't think price will go up another 150% again this year.

The Time to Buy SUPER Was RM1.20 to RM1.50. Now it has passed into Overvaluation from Undervaluation. Better sell Super into strength and look for another Under Value Stocks.

Under Value Stock?

If you can go against the crowd and have patience then WEIDA Is The One.

Like Super Weida is now trading at Deep Discount to NTA & Cash. It is also into Plastic HDPE Pipes which also benefit from cheap Crude oil. It has RM2.80 NTA. At RM1.62 Weida is selling at 43% Discount to NTA. Weida has defensive incoming from rental to telcos. Cash Position is RM200 millions (about 80 cents).

Weida also had great sales for its Condos in Ara Damansara.

And in 2 Days Time is 11MP. A RM400 Millions Water & Waste Water Project Award will be most probably given to Sarawak. And Weida is bound to get some.

By all yardsticks Weida is a buy. It has strong fundamental plus growth.

See How WEIDA PERFORM AGAINST SUPER IN A YEAR's TIME.

2015-05-19 09:46

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