Highlights

Public Watchlist: Kenanga's Top Picks for Year 2017

In a nutshell, we believe the market will likely to be volatile in view of the more aggressive rate hike decision in the US. Besides, policy and direction of the Trump’s presidency could spark more uncertainties. The underlying market conditions seem mixed and the relatively low excess liquidity in the domestic banking system remains a concern. Coupled with the underlying weak tone in ringgit, we have yet to see a strong reversal in foreign fund flows. The good news, however, could be the emergence of a General Election theme play, which could uphold the local equity market’s investment sentiment. Fundamentally, our FY16E/FY17E earnings growth estimates are pegged at -4.0%/6.0%. As such, we reckon that 2017 could be another range-bound year with a year-end index target of 1,732, implying c.6% upside from here. For stock picks, apart from capitalising on visible thematic plays, we have also employed a two-prong approach – (i) Buy defensiveness/resiliency and (ii) Bottom-Fish laggards or underperformed/heavily sold down stocks. Based on this strategy, we select (i) HEIM (OP, TP: RM18.48), (ii) PMETAL (OP, TP: RM2.00), (iii) PWROOT (TB, TP: RM2.56), (iv) SCGM (OP, TP: RM4.05), (v) SLP (OP, TP: RM3.18), (vi) TOPGLOV (OP, TP: RM5.92), (vii) AEONCR (OP, TP: RM17.76), (viii) KLCC (MP, TP: RM7.84), (ix) PAVREIT (OP, TP: RM1.89), (x) PRTASCO (TB, TP: RM1.52), (xi) YINSON (OP, TP: RM3.79), (xii) OCK (OP, TP: RM0.96), (xiii) OLDTOWN (OP, TP: RM2.11), (xiv) SKPETRO (OP, TP: RM1.88) and (xv) TM (OP, TP: RM6.98).

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Stock Name Ref Date Ref Price Price Diff Last Range Open Change Volume Note
HEIM 30-Dec-2016 16.38 25.16
PMETAL 30-Dec-2016 1.60 5.31
PWROOT 30-Dec-2016 2.06 1.71
SCGM 30-Dec-2016 3.35 2.16
SLP 30-Dec-2016 2.20 1.03
TOPGLOV 30-Dec-2016 5.30 5.17
AEONCR 30-Dec-2016 14.34 12.16
KLCC 30-Dec-2016 7.94 6.90
PAVREIT 30-Dec-2016 1.78 1.36
PRTASCO 30-Dec-2016 1.17 0.245
YINSON 30-Dec-2016 2.89 5.12
OCK 30-Dec-2016 0.77 0.495
OLDTOWN 30-Dec-2016 1.87 0.00
SAPNRG 30-Dec-2016 1.66 0.14
TM 30-Dec-2016 6.06 5.78


  2 people like this.
 
m3379 Quite a terrible selection
15/12/2017 8:10 AM


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