UOBKH Hong Kong Retail Market Monitor
19 March 2024
Short Term Opportunity:
1) Alibaba Health Information Technology Limited (HKEX: 241)
Technical BUY Range HK$3.40-3.50
Last: HK$3.51
TP: HK$3.90/HK$4.30
SL: HK$2.98
2) Kingboard Holdings Limited (HKEX: 148)
Technical BUY Range HK$16.00-16.20
Last: HK$16.26
TP: HK$16.80/HK$18.00
SL: HK$14.62
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
19 March 2024
Short Term Opportunity:
1) Alibaba Health Information Technology Limited (HKEX: 241)
Technical BUY Range HK$3.40-3.50
Last: HK$3.51
TP: HK$3.90/HK$4.30
SL: HK$2.98
2) Kingboard Holdings Limited (HKEX: 148)
Technical BUY Range HK$16.00-16.20
Last: HK$16.26
TP: HK$16.80/HK$18.00
SL: HK$14.62
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Forwarded from UOB Kay Hian Malaysia (Official)
LIVE WEBINAR
Fundamental Analysis in Stock Trading
Presented by Jack Goh
Research Analyst, UOB Kay Hian
📅 Tuesday, 19 March 2024
⏰ 6.00pm – 8.00pm
Talk is in English and open to public.
REGISTER NOW!
https://attendee.gotowebinar.com/register/7475873562571808345
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
Fundamental Analysis in Stock Trading
Presented by Jack Goh
Research Analyst, UOB Kay Hian
📅 Tuesday, 19 March 2024
⏰ 6.00pm – 8.00pm
Talk is in English and open to public.
REGISTER NOW!
https://attendee.gotowebinar.com/register/7475873562571808345
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
UOBKH Retail Market Monitor
20 March 2024
FBMKLCI: 1,544.96 (-8.68)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
MISC (+1.9%), PETDAG (+1.4%), AXIATA (+1.1%)
Bursa Top Losers:
CDB (-3.0%), PMETAL (-2.5%), PETGAS (-1.4%)
Bursa Trade Statistics
Local Institutions (45.1%): +RM524.3m
Local Retail (18.6%): -RM21.5m
Foreign (36.3%): -RM502.8m
Global Equity Indexes
MSCI Asia : 176.21 (+1.62, +0.93%)
NASDAQ : 16,166.79 (+63.34, +0.39%)
S&P500 : 5,178.51 (+29.09, +0.56%)
DJIA : 39,110.76 (+320.33, +0.83%)
USD/MYR : 4.7340 (+0.0100)
SGD/MYR : 3.5248 (-0.0026)
Crude Oil : $83.12 (+0.40)
Gold : $2,155.50 (-6.90)
US stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Utilities and Consumer Services sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.83%, while the S&P 500 index added 0.56%, and the NASDAQ Composite index added 0.39%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,897 to 965 and 82 ended unchanged; on the Nasdaq Stock Exchange, 1,911 rose and 1,461 declined, while 135 ended unchanged. (Source: Investing.com)
Stocks To Watch:
Stocks To Watch:
1) DXN (KLSE: 5318)
Technical BUY with +21.4% potential return
** Last: RM0.630 TP: RM0.715, RM0.765 SL: RM0.595
** Timeframe: 2 weeks to 2 months
** Shariah: YES
2) KAWAN (KLSE: 7216)
Technical BUY on breakout (RM1.86) with +12.4% potential return
** Last: RM1.83 TP: RM1.99, RM2.09 SL: RM1.77
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) LUXCHEM (KLSE: 5143)
Technical BUY with +25.5% potential return
** Last: RM0.530 TP: RM0.630, RM0.665 SL: RM0.495
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
20 March 2024
FBMKLCI: 1,544.96 (-8.68)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
MISC (+1.9%), PETDAG (+1.4%), AXIATA (+1.1%)
Bursa Top Losers:
CDB (-3.0%), PMETAL (-2.5%), PETGAS (-1.4%)
Bursa Trade Statistics
Local Institutions (45.1%): +RM524.3m
Local Retail (18.6%): -RM21.5m
Foreign (36.3%): -RM502.8m
Global Equity Indexes
MSCI Asia : 176.21 (+1.62, +0.93%)
NASDAQ : 16,166.79 (+63.34, +0.39%)
S&P500 : 5,178.51 (+29.09, +0.56%)
DJIA : 39,110.76 (+320.33, +0.83%)
USD/MYR : 4.7340 (+0.0100)
SGD/MYR : 3.5248 (-0.0026)
Crude Oil : $83.12 (+0.40)
Gold : $2,155.50 (-6.90)
US stocks were higher after the close on Tuesday, as gains in the Oil & Gas, Utilities and Consumer Services sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.83%, while the S&P 500 index added 0.56%, and the NASDAQ Composite index added 0.39%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,897 to 965 and 82 ended unchanged; on the Nasdaq Stock Exchange, 1,911 rose and 1,461 declined, while 135 ended unchanged. (Source: Investing.com)
Stocks To Watch:
Stocks To Watch:
1) DXN (KLSE: 5318)
Technical BUY with +21.4% potential return
** Last: RM0.630 TP: RM0.715, RM0.765 SL: RM0.595
** Timeframe: 2 weeks to 2 months
** Shariah: YES
2) KAWAN (KLSE: 7216)
Technical BUY on breakout (RM1.86) with +12.4% potential return
** Last: RM1.83 TP: RM1.99, RM2.09 SL: RM1.77
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) LUXCHEM (KLSE: 5143)
Technical BUY with +25.5% potential return
** Last: RM0.530 TP: RM0.630, RM0.665 SL: RM0.495
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
UOBKH Hong Kong Retail Market Monitor
20 March 2024
Short Term Opportunity:
1) China Resources Beer (HKEX: 291)
Technical BUY Range HK$36.00-36.50
Last: HK$37.20
TP: HK$40.00/HK$43.90
SL: HK$31.70
2) China Telecom Corporation (HKEX: 728)
Technical BUY Range HK$3.86-3.94
Last: HK$3.94
TP: HK$4.10/HK$4.40
SL: HK$3.68
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
20 March 2024
Short Term Opportunity:
1) China Resources Beer (HKEX: 291)
Technical BUY Range HK$36.00-36.50
Last: HK$37.20
TP: HK$40.00/HK$43.90
SL: HK$31.70
2) China Telecom Corporation (HKEX: 728)
Technical BUY Range HK$3.86-3.94
Last: HK$3.94
TP: HK$4.10/HK$4.40
SL: HK$3.68
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
UOBKH Singapore Retail Market Monitor
20 March 2024
Short Term Opportunity:
1) Frencken Group (SGX: E28)
Technical BUY Range S$1.63-1.64
Last: S$1.68
TP: S$1.85
SL: S$1.58
2) Propnex (SGX: OYY)
Technical BUY Range S$0.895-0.900
Last: S$0.905
TP: S$0.970
SL: S$0.870
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
20 March 2024
Short Term Opportunity:
1) Frencken Group (SGX: E28)
Technical BUY Range S$1.63-1.64
Last: S$1.68
TP: S$1.85
SL: S$1.58
2) Propnex (SGX: OYY)
Technical BUY Range S$0.895-0.900
Last: S$0.905
TP: S$0.970
SL: S$0.870
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
COURTESY REMINDER
Notice - Revision of Sales & Service Tax Rates w.e.f March 1, 2024
In accordance with the Service Tax (Rate of Tax) (Amendment) Order 2024 issued by the Malaysian Government, effective March 1, 2024, the Sales and Services Tax (SST) rates for UOB Kay Hian's existing taxable services will be revised from 6% to 8%. However, please note that the SST on securities brokerage fees for trading shares listed on Bursa Malaysia Berhad will remain exempted.
Kindly be guided accordingly. Thank you.
Notice - Revision of Sales & Service Tax Rates w.e.f March 1, 2024
In accordance with the Service Tax (Rate of Tax) (Amendment) Order 2024 issued by the Malaysian Government, effective March 1, 2024, the Sales and Services Tax (SST) rates for UOB Kay Hian's existing taxable services will be revised from 6% to 8%. However, please note that the SST on securities brokerage fees for trading shares listed on Bursa Malaysia Berhad will remain exempted.
Kindly be guided accordingly. Thank you.
COURTESY REMINDER
Notice - US Securities and Exchange Commission (SEC) Shortening Trade Settlement Cycle from T+2 to T+1 Effective 28 May 2024
Please be informed that US SEC adopted a rule amendment to shorten the standard settlement cycle for securities trades from two business days after the trade date to one business day after the trade date (from T+2 to T+1) effective 28 May 2024.
The intention of shortening the settlement cycle for US trades is mainly to reduce credit, market and liquidity risks arising from unsettled securities trades. Besides, it will also enable investors to access the proceeds from the securities transactions sooner than they are able in the current T+2 environment.
Kindly be guided accordingly. Thank you.
Notice - US Securities and Exchange Commission (SEC) Shortening Trade Settlement Cycle from T+2 to T+1 Effective 28 May 2024
Please be informed that US SEC adopted a rule amendment to shorten the standard settlement cycle for securities trades from two business days after the trade date to one business day after the trade date (from T+2 to T+1) effective 28 May 2024.
The intention of shortening the settlement cycle for US trades is mainly to reduce credit, market and liquidity risks arising from unsettled securities trades. Besides, it will also enable investors to access the proceeds from the securities transactions sooner than they are able in the current T+2 environment.
Kindly be guided accordingly. Thank you.
From Gaming Into Pharmaceuticals: What's In Store For The Sector
📆 Saturday, 30 March 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMar2024TG
__
Session 1 • Gaming Sector Update
Presented by Jack Goh, Research Analyst, UOB Kay Hian Malaysia
Moving into 2Q24, the Malaysian Gaming Sector continues to ignite firecrackers with robust festivities-led consumption trend, accelerating tourist visitations and spending surge.
Are these opportunities or threats, risk or reward? How should we invest in the sector? Join us to find out!
Session 2 • Market Update and Stock Pick for March 2024
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
Markets are enjoying the positive spillover of China's measures to halt the market downturn, a nearing peak in the interest rate cycle, and favorable measures from local governments. However, it's crucial to be selective as newfound optimism could be tempered by potential value traps.
__
#UOBKayHianEvents #UOBKayHianMalaysia
📆 Saturday, 30 March 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMar2024TG
__
Session 1 • Gaming Sector Update
Presented by Jack Goh, Research Analyst, UOB Kay Hian Malaysia
Moving into 2Q24, the Malaysian Gaming Sector continues to ignite firecrackers with robust festivities-led consumption trend, accelerating tourist visitations and spending surge.
Are these opportunities or threats, risk or reward? How should we invest in the sector? Join us to find out!
Session 2 • Market Update and Stock Pick for March 2024
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
Markets are enjoying the positive spillover of China's measures to halt the market downturn, a nearing peak in the interest rate cycle, and favorable measures from local governments. However, it's crucial to be selective as newfound optimism could be tempered by potential value traps.
__
#UOBKayHianEvents #UOBKayHianMalaysia
LIVE WEBINAR - CANTONESE
Navigating Global Markets in 2024: A Diversification Approach
📅 Monday, 25 Mar 2024
⏰7:00pm – 8:00pm
This webinar will be hosted in Cantonese and open to the public.
Register Now!
https://attendee.gotowebinar.com/register/2680162285076129627?source=MY
__
• US Bond and Stock Allocation Strategies Prior to Interest Rate Cut
• Virtual Asset News in 2024
• Hong Kong and China Stock Market Outlook
• Japanese Stock Market Investment Outlook
This seminar will analyse the opportunities and challenges of major global markets and explore future investment direction. By interpreting the trend of different regional markets, investors can better understand how to plan investment strategies for 2024 and learn about methods of diversified asset allocation.
Speaker:
Miss. Barbara Lee
CSOP Vice president, ETF strategist
__
#UOBKayHianEvents
#UOBKHHK
Navigating Global Markets in 2024: A Diversification Approach
📅 Monday, 25 Mar 2024
⏰7:00pm – 8:00pm
This webinar will be hosted in Cantonese and open to the public.
Register Now!
https://attendee.gotowebinar.com/register/2680162285076129627?source=MY
__
• US Bond and Stock Allocation Strategies Prior to Interest Rate Cut
• Virtual Asset News in 2024
• Hong Kong and China Stock Market Outlook
• Japanese Stock Market Investment Outlook
This seminar will analyse the opportunities and challenges of major global markets and explore future investment direction. By interpreting the trend of different regional markets, investors can better understand how to plan investment strategies for 2024 and learn about methods of diversified asset allocation.
Speaker:
Miss. Barbara Lee
CSOP Vice president, ETF strategist
__
#UOBKayHianEvents
#UOBKHHK
UOBKH Retail Market Monitor
21 March 2024
FBMKLCI: 1,535.79 (-9.17)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
PETGAS (+0.80%), SIMEPLT (+0.70%), PPB (+0.64%)
Bursa Top Losers:
CIMB (-2.0%), SIME (-1.1%), GENM (-1.1%)
Bursa Trade Statistics
Local Institutions (46.0%): +RM18.0m
Local Retail (20.9%): -RM11.2m
Foreign (33.1%): -RM6.8m
Global Equity Indexes
MSCI Asia : 175.10 (-1.11, -0.63%)
NASDAQ : 16,369.41 (+202.62, +1.25%)
S&P500 : 5,224.62 (+46.1, +0.89%)
DJIA : 39,512.13 (+401.37, +1.03%)
USD/MYR : 4.7098 (-0.0242)
SGD/MYR : 3.5183 (-0.0065)
Crude Oil : $81.68 (-1.44)
Gold : $2,202.50 (+47.00)
US stocks were higher after the close on Wednesday, as gains in the Consumer Services, Technology and Financials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 1.03% to hit a new all-time high, while the S&P 500 index added 0.89%, and the NASDAQ Composite index gained 1.25%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,228 to 641 and 68 ended unchanged; on the Nasdaq Stock Exchange, 2,514 rose and 881 declined, while 104 ended unchanged. (Source: Investing.com)
Stocks To Watch:
Stocks To Watch:
1) EDGENTA (KLSE: 1368)
Technical BUY on breakout (RM1.01) with +22.8% potential return
** Last: RM0.980 TP: RM1.17, RM1.24 SL: RM0.910
** Timeframe: 2 weeks to 2 months
** Shariah: YES
2) ICON (KLSE: 5255)
Technical BUY with +19.9% potential return
** Last: RM0.680 TP: RM0.745, RM0.815 SL: RM0.590
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) MINOX (KLSE: 0288)
Technical BUY with +26.9% potential return
** Last: RM0.260 TP: RM0.315, RM0.330 SL: RM0.215
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
21 March 2024
FBMKLCI: 1,535.79 (-9.17)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
PETGAS (+0.80%), SIMEPLT (+0.70%), PPB (+0.64%)
Bursa Top Losers:
CIMB (-2.0%), SIME (-1.1%), GENM (-1.1%)
Bursa Trade Statistics
Local Institutions (46.0%): +RM18.0m
Local Retail (20.9%): -RM11.2m
Foreign (33.1%): -RM6.8m
Global Equity Indexes
MSCI Asia : 175.10 (-1.11, -0.63%)
NASDAQ : 16,369.41 (+202.62, +1.25%)
S&P500 : 5,224.62 (+46.1, +0.89%)
DJIA : 39,512.13 (+401.37, +1.03%)
USD/MYR : 4.7098 (-0.0242)
SGD/MYR : 3.5183 (-0.0065)
Crude Oil : $81.68 (-1.44)
Gold : $2,202.50 (+47.00)
US stocks were higher after the close on Wednesday, as gains in the Consumer Services, Technology and Financials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 1.03% to hit a new all-time high, while the S&P 500 index added 0.89%, and the NASDAQ Composite index gained 1.25%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,228 to 641 and 68 ended unchanged; on the Nasdaq Stock Exchange, 2,514 rose and 881 declined, while 104 ended unchanged. (Source: Investing.com)
Stocks To Watch:
Stocks To Watch:
1) EDGENTA (KLSE: 1368)
Technical BUY on breakout (RM1.01) with +22.8% potential return
** Last: RM0.980 TP: RM1.17, RM1.24 SL: RM0.910
** Timeframe: 2 weeks to 2 months
** Shariah: YES
2) ICON (KLSE: 5255)
Technical BUY with +19.9% potential return
** Last: RM0.680 TP: RM0.745, RM0.815 SL: RM0.590
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) MINOX (KLSE: 0288)
Technical BUY with +26.9% potential return
** Last: RM0.260 TP: RM0.315, RM0.330 SL: RM0.215
** Timeframe: 2 weeks to 2 months
** Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Forwarded from UOBKH Trading Ideas
Are Nvidia Shares Sinking? 📉
Join Paul DeVierno as he discusses why NVIDIA shares are declining and expectations for the upcoming Fed meeting. Watch now! 🫵
Click the link to watch: https://fb.watch/qWpP-XuTIh/
Follow us on Facebook:
👉 UTRADE Singapore
Join Paul DeVierno as he discusses why NVIDIA shares are declining and expectations for the upcoming Fed meeting. Watch now! 🫵
Click the link to watch: https://fb.watch/qWpP-XuTIh/
Follow us on Facebook:
👉 UTRADE Singapore
UOBKH Hong Kong Retail Market Monitor
20 March 2024
Short Term Opportunity:
1) China Unicom (Hong Kong) Limited (HKEX: 762)
Technical BUY Range HK$5.58-5.60
Last: HK$5.69
TP: HK$5.92/HK$6.40
SL: HK$5.23
2) Li Ning Company Limited (HKEX: 2331)
Technical BUY Range HK$20.00-21.00
Last: HK$21.45
TP: HK$22.50/HK$24.55
SL: HK$19.26
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
20 March 2024
Short Term Opportunity:
1) China Unicom (Hong Kong) Limited (HKEX: 762)
Technical BUY Range HK$5.58-5.60
Last: HK$5.69
TP: HK$5.92/HK$6.40
SL: HK$5.23
2) Li Ning Company Limited (HKEX: 2331)
Technical BUY Range HK$20.00-21.00
Last: HK$21.45
TP: HK$22.50/HK$24.55
SL: HK$19.26
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
UOBKH Singapore Retail Market Monitor
21 March 2024
Short Term Opportunity:
1) Top Glove Corp (SGX: BVA)
Technical BUY Range S$0.225-0.230
Last: S$0.245
TP: S$0.270
SL: S$0.215
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
21 March 2024
Short Term Opportunity:
1) Top Glove Corp (SGX: BVA)
Technical BUY Range S$0.225-0.230
Last: S$0.245
TP: S$0.270
SL: S$0.215
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
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UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
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Forwarded from UOB Kay Hian Malaysia (Official)
From Gaming Into Pharmaceuticals: What's In Store For The Sector
📆 Saturday, 30 March 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMar2024TG
__
Session 1 • Gaming Sector Update
Presented by Jack Goh, Research Analyst, UOB Kay Hian Malaysia
Moving into 2Q24, the Malaysian Gaming Sector continues to ignite firecrackers with robust festivities-led consumption trend, accelerating tourist visitations and spending surge.
Are these opportunities or threats, risk or reward? How should we invest in the sector? Join us to find out!
Session 2 • Market Update and Stock Pick for March 2024
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
Markets are enjoying the positive spillover of China's measures to halt the market downturn, a nearing peak in the interest rate cycle, and favorable measures from local governments. However, it's crucial to be selective as newfound optimism could be tempered by potential value traps.
__
#UOBKayHianEvents #UOBKayHianMalaysia
📆 Saturday, 30 March 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMar2024TG
__
Session 1 • Gaming Sector Update
Presented by Jack Goh, Research Analyst, UOB Kay Hian Malaysia
Moving into 2Q24, the Malaysian Gaming Sector continues to ignite firecrackers with robust festivities-led consumption trend, accelerating tourist visitations and spending surge.
Are these opportunities or threats, risk or reward? How should we invest in the sector? Join us to find out!
Session 2 • Market Update and Stock Pick for March 2024
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
Markets are enjoying the positive spillover of China's measures to halt the market downturn, a nearing peak in the interest rate cycle, and favorable measures from local governments. However, it's crucial to be selective as newfound optimism could be tempered by potential value traps.
__
#UOBKayHianEvents #UOBKayHianMalaysia
UOBKH Retail Market Monitor
22 March 2024
FBMKLCI: 1,541.41 (+5.62)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
CDB (+2.60%), GENTING (+1.90%), IOICORP (+1.50%)
Bursa Top Losers:
NESTLE (-0.76%), QL (-0.68%), MRDIY (-0.67%)
Bursa Trade Statistics
Local Institutions (43.3%): -RM240.8m
Local Retail (21.6%): -RM45.9m
Foreign (35.1%): +RM286.7m
Global Equity Indexes
MSCI Asia : 174.92 (-0.18, -0.10%)
NASDAQ : 16,401.84 (+32.43, +0.20%)
S&P500 : 5,241.53 (+16.91, +0.32%)
DJIA : 39,781.37 (+269.24, +0.68%)
USD/MYR : 4.7300 (+0.0202)
SGD/MYR : 3.5216 (+0.0033)
Crude Oil : $80.88 (-0.80)
Gold : $2,206.40 (+3.90)
US stocks were higher after the close on Thursday, as gains in the Financials, Industrials and Oil & Gas sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.68% to hit a new all-time high, while the S&P 500 index added 0.32%, and the NASDAQ Composite index climbed 0.20%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,925 to 955 and 69 ended unchanged; on the Nasdaq Stock Exchange, 1,875 rose and 1,505 declined, while 120 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ACO (KLSE: 0218)
Technical BUY with +33.3% potential return
* Last: RM0.240 TP: RM0.290, RM0.320 SL: RM0.195
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) EKOVEST (KLSE: 8877)
Technical BUY with +27.1% potential return
* Last: RM0.485 TP: RM0.565, RM0.610 SL: RM0.440
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) INARI (KLSE: 0166)
Technical BUY with +14.5% potential return
* Last: RM3.18 TP: RM3.32, RM3.64 SL: RM3.03
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
22 March 2024
FBMKLCI: 1,541.41 (+5.62)
Support: 1,521, 1,513
Resistance: 1,570, 1,586
Bursa Top Gainers:
CDB (+2.60%), GENTING (+1.90%), IOICORP (+1.50%)
Bursa Top Losers:
NESTLE (-0.76%), QL (-0.68%), MRDIY (-0.67%)
Bursa Trade Statistics
Local Institutions (43.3%): -RM240.8m
Local Retail (21.6%): -RM45.9m
Foreign (35.1%): +RM286.7m
Global Equity Indexes
MSCI Asia : 174.92 (-0.18, -0.10%)
NASDAQ : 16,401.84 (+32.43, +0.20%)
S&P500 : 5,241.53 (+16.91, +0.32%)
DJIA : 39,781.37 (+269.24, +0.68%)
USD/MYR : 4.7300 (+0.0202)
SGD/MYR : 3.5216 (+0.0033)
Crude Oil : $80.88 (-0.80)
Gold : $2,206.40 (+3.90)
US stocks were higher after the close on Thursday, as gains in the Financials, Industrials and Oil & Gas sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.68% to hit a new all-time high, while the S&P 500 index added 0.32%, and the NASDAQ Composite index climbed 0.20%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,925 to 955 and 69 ended unchanged; on the Nasdaq Stock Exchange, 1,875 rose and 1,505 declined, while 120 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ACO (KLSE: 0218)
Technical BUY with +33.3% potential return
* Last: RM0.240 TP: RM0.290, RM0.320 SL: RM0.195
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) EKOVEST (KLSE: 8877)
Technical BUY with +27.1% potential return
* Last: RM0.485 TP: RM0.565, RM0.610 SL: RM0.440
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) INARI (KLSE: 0166)
Technical BUY with +14.5% potential return
* Last: RM3.18 TP: RM3.32, RM3.64 SL: RM3.03
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia