UOBKH Retail Market Monitor
15 July 2024

FBMKLCI: 1,619.06 (-4.06)
Support: 1,600, 1,575
Resistance: 1,635, 1,650

Bursa Top Gainers:
SIME (+1.5%), PETGAS (+1.5%), GENTING (+1.1%)

Bursa Top Losers:
YTLPOWR (-3.9%), YTL (-2.1%), PETDAG (-1.4%)

Bursa Trade Statistics
Local Institutions (45.70%): -RM41.29m
Local Retail (20.77%): +RM40.36m
Foreign (33.53%): +RM0.94m

Global Equity Indexes
MSCI Asia : 187.97 (-0.54,-0.29%)
NASDAQ : 18,398.45 (+115.04, +0.63%)
S&P500 : 5,615.35 (+30.81,+0.55%)
DJIA : 40,000.90 (+247.15,+0.62%)

USD/MYR : 4.6775 (-0.01)
SGD/MYR : 3.4830 (+0.0041)

Crude Oil : $82.14 (-0.85)
Gold : $2,406.75(-5.80)

On Wall Street, US stocks rose on Friday with the DJIA closing just shy of a fresh closing record despite hitting an all-time after shrugging off a modest uptick in wholesale inflation as investors digested better-than-expected quarterly earnings from a slew of Wall Street banks. The DJIA rose 1.1% to close just shy of a record of 40,003 set on May 13, despite earlier hitting an intraday all-time high of 40,257.24. The NASDAQ Composite added 0.6% while the S&P 500 was up 0.5%. (Source: Investing.com)

Stocks To Watch:

1) EKOVEST (KLSE: 8877)
Technical BUY with +21.8% potential return
* Last: RM0.505 TP: RM0.54, RM0.615 SL: RM0.46
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) TEOSENG (KLSE: 7252)
Technical BUY with +23.3% potential return
* Last: RM1.80 TP: RM1.96, RM2.22 SL: RM1.67
* Timeframe: 2 weeks to 2 months
* Shariah: NO

3) RSAWIT (KLSE: 5113)
Technical BUY with +38.5% potential return
* Last: RM0.26 TP: RM0.30, RM0.36 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

UOBKH Malaysia Trading Idea
15 July 2024
___

Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOB Kay Hian Investment Carnival 2H24

Singapore Aviation & US Market Outlook

Presenters:
1. Roy Chen, Senior Equity Analyst, Research, UOB Kay Hian Singapore
2. Paul De Vierno, Strategist, Private Wealth Management, UOB Kay Hian Singapore

🗓️: Thursday, 11 Jul 2024
⏰: 6.30pm – 8.00pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/3942410427471896160?source=my

Singapore Aviation
Singapore aviation nears pre-pandemic levels, but profitability faces headwinds. Look for opportunities in MRO and cargo. US stocks buoyed by AI adoption and anti-obesity drugs. Will the momentum continue?

US Market Outlook
We will dive into two forces that have been driving stocks higher this year: Artificial Intelligence (AI) and Glucagon-Like Peptide-1 (GLP-1). US corporates are jumping on the AI bandwagon.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

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UOBKH Singapore Retail Market Monitor
15 July 2024

Short Term Opportunity:
1) Singapore Post (SGX: S08)
Technical Buy range S$0.440-0.445
Last: S$ 0.445
TP: S$ 0.490
SL: S$ 0.425

2) City Developments (SGX: C09)
Technical Buy range S$5.35-5.36
Last: S$ 5.49
TP: S$ 5.82
SL: S$ 5.19

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

UOB Kay Hian Investment Carnival 2H24

Singapore Banks & HK Market Outlook

Presenters:
1. Jonathan Koh, Director, Singapore Research, UOB Kay Hian Singapore
2. Curtis Yeung, Strategist, Retail Research, UOB Kay Hian Hong Kong

🗓️: Monday, 15 Jul 2024
⏰: 6.30pm – 8.00pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/6173197474438799189?source=my

Singapore Banks
Rising interest rates lift bank prospects despite inflation woes. NIM, ROE erosion to be moderate in eventual easing cycle.

Hong Kong Market Outlook
Hong Kong market surges on China's recovery, valuations attractive. July policy meeting eyed for further support.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

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UOB Kay Hian Investment Carnival 2H24

CIO Series: Adapting Our China Strategy to the New Normal

Presenter: Qi Wang, Chief Investment Officer, UOB Kay Hian Singapore

🗓️: Thursday, 18 Jul 2024
⏰: 6.30pm – 7.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/8905698277303481431?source=my

Adapting Our China Strategy to the New Normal.
July is a critical month for Chinese equities, given the low base in macro data, the Third Plenum, and China A-share earnings. We’ll use these data points to formulate our views for the second half, and enhance our long-term investment strategy for China.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

UOB Kay Hian Investment Carnival 2H24

Hedging the Unknowns: Balancing Optimism and Caution

Presenter: Mohd Sedek Jantan, Head of Wealth Research & Advisory, Designated Portfolio Manager,UOB Kay Hian Malaysia

🗓️: Monday, 22 Jul 2024
⏰: 6.00pm – 7.30pm
Language: English

Register Now
https://bit.ly/MYHedgingtheunknown2H24

Our upcoming event, "Hedging the Unknowns: Balancing Optimism and Caution" tackles this challenge.Mohd Sedek will explore strategies for achieving this balance, particularly in a high-interest-rate environment. He'll discuss the impact of current events like monetary policy shifts, geopolitical crises, and climate change. You'll learn key strategies like diversification, duration management, and investing in defensive sectors. The potential of alternative assets like crypto will also be explored.

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UOB Kay Hian Investment Carnival 2H24

Menghadapi Ketidakpastian: Bagaimana Mengimbangi Optimisme dan Waspada dalam Pelaburan?

Presenter: Mohd Sedek Jantan, Head of Wealth Research & Advisory, Designated Portfolio Manager,UOB Kay Hian Malaysia

🗓️: Tuesday, 23 Jul 2024
⏰: 6.00pm – 7.30pm
Language: Bahasa

Register Now
https://bit.ly/MYMenghadapiKetidakpastian2H24

Webinar "Menghadapi Ketidakpastian: Bagaimana Mengimbangi Optimisme dan Waspada dalam Pelaburan?" akan mengetengahkan cara-cara untuk mencapai keseimbangan ini terutamanya dalam persekitaran kadar faedah tinggi. Beliau akan membincangkan kesan-kesan daripada peralihan dasar monetari, krisis geopolitik dan perubahan iklim. Anda akan mempelajari strategi utama seperti kepelbagaian, pengurusan tempoh dan pelaburan dalam sektor pertahanan. Potensi aset alternatif seperti crypto juga akan diterokai.

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UOB Kay Hian Investment Carnival 2H24

Fundamental Analysis Masterclass

Presenter: Jack Goh, Research Analyst, UOB Kay Hian Malaysia

🗓️: Saturday, 20 Jul 2024
⏰: 9.30am – 12.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/7660912573495174997

When markets are falling left and right and stock counters that used to be on the pricey side can now be bought, how then do you choose which counters or sectors will have better bullish potentials, fundamentally speaking? Learn about Fundamental Analysis in Stock Trading from our best FA guru to get your answers. Join this approximately 3 hours online class and learn how to apply FA tips and tricks in your daily trading. Have questions during the class? Ask away. Decide to learn something new today.

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UOB Kay Hian Investment Carnival 2H24

Kelas Mahir Saham Analisis Teknikal

Presenter: Fakhrul Asyraq, Investment Analyst, UOB Kay Hian Malaysia

🗓️: Sabtu, 20 Jul 2024
⏰: 2.00pm – 5.00pm
Language: Bahasa

Register Now
https://attendee.gotowebinar.com/register/7172457831390577494

Jom ikuti kelas mahir saham dengan dengan hero analisis teknikal UOB Kay Hian, saudara Mohd Fakhrul Asyraq. Kelas lebih kurang 3 jam ini akan membawa anda untuk mendalami kaedah-kaedah perdagangan saham berasaskan analisis teknikal dari prinsip teras hinggalah ke peringkat mahir. Kaedah-kaedah ini boleh digunapakai dalam perdagangan saham Bursa Malaysia yang konvensional mahupun saham patuh Shariah. Kelas disampaikan dalam Bahasa Melayu dan menggunakan terminologi asal dalam Bahasa Inggeris untuk memudahkan pemahaman.

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UOB Kay Hian Investment Carnival 2H24

The Malaysia Power Crunch

Presenter: Chong Lee Len, Associate Director, UOB Kay Hian Malaysia

🗓️: Thursday, 25 Jul 2024
⏰: 6.00pm – 7.30pm
Language: English

Register Now
https://bit.ly/3W2clpj

Malaysia demand for electricity is expected to rise, matching increase plant up of data centres in the country. We explore opportunities, issues and trend in the upcoming presentation.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

UOB Kay Hian Investment Carnival 2H24

Petronas Embracing Paradigm Shifts- What does it mean for the sector?

Presenter: Kong Ho Meng, Senior Analyst, UOB Kay Hian Malaysia

🗓️: Wednesday, 24 Jul 2024
⏰: 6.00pm – 7.30pm
Language: English

Register Now
https://bit.ly/3W1gnOH

The global O&G sector is embracing a myriad of cheers and challenges. Offshore vessel and manpower rates have reached the highs previously seen prior to 2014, but the sector is also the centerpoint in the new norms of the world order ie energy transition, inflation, geopolitical risks vs energy security. As Malaysia's national oil major is celebrating its 50th anniversary, ironically it had faced its unique "geopolitical risk" for the past 6 years, involving the O&G rights of East Malaysian states. Petronas is firing all shots for its overseas expansion.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

UOBKH Retail Market Monitor
16 July 2024

FBMKLCI: 1,629.82 (+10.76)
Support: 1,600, 1,575
Resistance: 1,635, 1,650

Bursa Top Gainers:
AXIATA (+3.3%), GENTING (+2.6%), GENM (+2.4%)

Bursa Top Losers:
PCHEM (-0.82%), YTL (-0.80%), YTLPOWR (-0.40%)

Bursa Trade Statistics
Local Institutions (47.13%): -RM234.00m
Local Retail (22.61%): -RM92.00m
Foreign (30.26%): +RM327.00m

Global Equity Indexes
MSCI Asia : 187.97 (-0.54,-0.29%)
NASDAQ : 18,472.57 (+74.12, +0.40%)
S&P500 : 5,631.22 (+15.87,+0.28%)
DJIA : 40,211.72 (+210.82,+0.53%)

USD/MYR : 4.6735 (-0.004)
SGD/MYR : 3.4782 (-0.0048)

Crude Oil : $81.80 (-0.34)
Gold : $2,421.87 (+15.12)

Wall Street closed higher on Monday, building on Friday's rally as increasing expectations of a second Donald Trump presidency in the wake of a failed assassination attempt raised hopes of a looser regulatory environment. The Dow Jones Industrial Average rose 210.82 points, or 0.53%, to 40,211.72, the S&P 500 gained 15.87 points, or 0.28%, to 5,631.22 and the Nasdaq Composite added 74.12 points, or 0.40%, to 18,472.57. (Source: Investing.com)

Stocks To Watch:

1) KSL (KLSE: 5038)
Technical BUY with +13.6% potential return
* Last: RM1.99 TP: RM2.14, RM2.26 SL: RM1.81
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) CEB (KLSE: 5311)
Technical BUY on breakout (RM 0.985) with +15.7% potential return
* Last: RM1.02 TP: RM1.12, RM1.18 SL: RM0.905
* Timeframe: 2 weeks to 2 months
* Shariah: NO

3) LAYHONG (KLSE: 9385)
Technical BUY on breakout with +28.6% potential return
* Last: RM0.405 TP: RM0.495, RM0.54 SL: RM0.375
* 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

UOBKH Malaysia Trading Idea
16 July 2024
___

Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Hong Kong Retail Market Monitor
16 July 2024

Short Term Opportunity:
1) Li Ning Company Limited (HKEX: 2331)
Technical BUY range HK$ 17.00-17.50
Last: HK$ 15.42
TP: HK$ 18.60/ HK$ 19.40
SL: HK$ 16.00

2) Shangdong Gold Mining Co., Ltd (HKEX: 1787)
Technical BUY range HK$ 17.55-17.80
Last: HK$ 16.92
TP: HK$ 18.60/ HK$ 19.70
SL: HK$ 16.80

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

UOBKH Singapore Retail Market Monitor
16 July 2024

Short Term Opportunity:
1) SIA Engineering Co (SGX: S59)
Technical Buy range S$2.36-2.37
Last: S$ 2.45
TP: S$ 2.51
SL: S$ 2.31

2) Broadway Industrial Group (SGX: B69)
Technical Buy range S$0.186-0.187
Last: S$ 0.184
TP: S$ 0.162
SL: S$ 0.196

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

UOB Kay Hian Investment Carnival 2H24

CIO Series: Adapting Our China Strategy to the New Normal

Presenter: Qi Wang, Chief Investment Officer, UOB Kay Hian Singapore

🗓️: Thursday, 18 Jul 2024
⏰: 6.30pm – 7.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/8905698277303481431?source=my

Adapting Our China Strategy to the New Normal.
July is a critical month for Chinese equities, given the low base in macro data, the Third Plenum, and China A-share earnings. We’ll use these data points to formulate our views for the second half, and enhance our long-term investment strategy for China.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

UOB Kay Hian Investment Carnival 2H24

The Malaysia Power Crunch

Presenter: Chong Lee Len, Associate Director, UOB Kay Hian Malaysia

🗓️: Thursday, 25 Jul 2024
⏰: 6.00pm – 7.30pm
Language: English

Register Now
https://bit.ly/3W2clpj

Malaysia demand for electricity is expected to rise, matching increase plant up of data centres in the country. We explore opportunities, issues and trend in the upcoming presentation.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

UOB Kay Hian Investment Carnival 2H24

Petronas Embracing Paradigm Shifts- What does it mean for the sector?

Presenter: Kong Ho Meng, Senior Analyst, UOB Kay Hian Malaysia

🗓️: Wednesday, 24 Jul 2024
⏰: 6.00pm – 7.30pm
Language: English

Register Now
https://bit.ly/3W1gnOH

The global O&G sector is embracing a myriad of cheers and challenges. Offshore vessel and manpower rates have reached the highs previously seen prior to 2014, but the sector is also the centerpoint in the new norms of the world order ie energy transition, inflation, geopolitical risks vs energy security. As Malaysia's national oil major is celebrating its 50th anniversary, ironically it had faced its unique "geopolitical risk" for the past 6 years, involving the O&G rights of East Malaysian states. Petronas is firing all shots for its overseas expansion.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation