Bottom Fishing in a Choppy Market: Strategies for Smart Stock Picking Plus! Hard Commodity Outlook

📆 Saturday, 31 August 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/3MbdVAH
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Session 1 • Navigating the Hard Commodity Boom and Beneficiaries of Domestic Mega Infrastructure Projects
Presented by Ku Wei Xiang, Research Analyst, UOB Kay Hian

Hard commodities performed very well in 1H24, primarily due to structural supply disruptions caused by geopolitical tensions, despite some recent retracement as we entered 2H24. In this talk, we review the supply demand and key beneficiaries.

Session 2 • Strategies for Smart Stock Picking
Presented by Desmond Chong, Head of Research, UOB Kay Hian

Having pleasantly delivered prominent gains in 1H24, markets are taking a risk-off posture again following the unwinding of the yen carry trade, deep escalation of the Middle East conflict and lingering fears of a US recession. Find out what compelling opportunities to look for.
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With the Dow Jones at an All-Time High, Is a Recession Still Possible? 💵📊

Join Paul DeVierno as he delves into consumer confidence, the labour market, and economic sentiment. Plus, get the latest updates on Walmart and Nordstrom's earnings.

Click the link to watch: https://www.facebook.com/share/v/1PgVvmMefiWRxxLa/

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UTRADE Singapore

UOBKH Retail Market Monitor
30 August 2024

FBMKLCI: 1,653.55 (-21.69)
Support: 1,600, 1,593
Resistance: 1,675, 1,700

Bursa Top Gainers:
AXIATA (+3.3%), CDB (+2.1%), SUNWAY (+2.1%)

Bursa Top Losers:
CIMB (-4.5%), PCHEM (-3.5%), YTL (-3.2%)

Bursa Trade Statistics
Local Institutions (41.73%): -RM300.10m
Local Retail (17.24%): +RM26.25m
Foreign (41.03%): +RM273.85m

Global Equity Indexes
MSCI Asia : 185.93 (+0.10, +0.05%)
NASDAQ : 17,516.43 (-39.60, -0.23%)
S&P500 : 5,591.96 (-0.22, +0.00%)
DJIA : 41,335.05 (+243.63, +0.59%)

USD/MYR : 4.3100 (-0.0343)
SGD/MYR : 3.3085 (-0.0264)

Crude Oil : $75.75 (+1.25)
Gold : $2,518.42 (+9.46)

US stocks were mixed after the close on Thursday, as gains in the Oil & Gas, Industrials and Basic Materials sectors led shares higher while losses in the Technology, Telecoms and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average gained 0.59% to hit a new all-time high, while the S&P 500 index declined 0.00%, and the NASDAQ Composite index fell 0.21%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,928 to 880 and 99 ended unchanged; on the Nasdaq Stock Exchange, 1,974 rose and 1,284 declined, while 157 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) BAUTO (KLSE: 5248)
Technical BUY with +11.2% potential return
* Last: RM2.51 TP: RM2.69, RM2.79 SL: RM2.36
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) MENANG (KLSE: 1694)
Technical BUY on breakout (RM 0.705) with +19.9% potential return
* Last: RM0.67 TP: RM0.81, RM0.845 SL: RM0.595
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) RL (KLSE: 0219)
Technical BUY on breakout (RM0.305) with +24.6% potential return
* Last: RM0.29 TP: RM0.355, RM0.38 SL: RM0.27
* 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
30 August 2024
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Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

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UOBKH Singapore Retail Market Monitor
30 August 2024

Short Term Opportunity:
1) Hongkong Land Holdings (SGX: H78)
Technical Buy range S$ 3.70-3.71
Last: S$ 3.76
TP: S$ 4.07
SL: S$ 3.59

2) Singapore Telecommunications (SGX: Z74)
Technical Buy range S$ 2.94-2.95
Last: S$ 3.02
TP: S$ 3.27
SL: S$ 2.83

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 Hong Kong Retail Market Monitor
30 August 2024

Short Term Opportunity:
1) Meituan (HKEX: 3690)
Technical BUY range HK$ 113.30-115.00
Last: HK$ 115.70
TP: HK$ 122.40/ HK$ 129.20
SL: HK$ 108.20

2) China Mengniu Dairy Company Limited (HKEX: 2319)
Technical BUY range HK$ 12.60-13.00
Last: HK$ 13.18
TP: HK$ 13.90/ HK$ 15.00
SL: HK$ 12.00

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

LIVE WEBINAR - CANTONESE

📝 China Economy and Hong Kong Stocks Results Period Summary and Outlook

Renewed worries about the US economic outlook, significant uncertainties arising from the presidential election, and the sharp unwinding of yen positions have triggered volatility in the global markets. In contrast to the turbulence in the external markets, can the Hong Kong and Chinese stock markets attract some capital back?

📅 Date: 12 Sep 2024, Thursday
🕔 Time: 7.00pm - 8.00pm
📈 Market: China 🇨🇳
👨 Speaker: Curtis Yeung, Senior Strategist, UOB Kay Hian Hong Kong

☑ REGISTRATION LINK
https://attendee.gotowebinar.com/register/4519801372563296860?source=MY

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#UOBKHHK

Biru merah kuning dan putih,
Itu warna Jalur Gemilangku,
Serata dunia dah pun pergi,
Mana nak sama Malaysiaku yang satu

Pahlawan negara tiada ternilai,
Membela tanah air demi bangsa,
Walaupun berbeza kita melengkapi,
Sehati sejiwa laungkan Merdeka

#UOBKayHianMalaysia
#UOBKayHianGreets

Biru merah kuning dan putih,
Itu warna Jalur Gemilangku,
Serata dunia dah pun pergi,
Mana nak sama Malaysiaku yang satu

Pahlawan negara tiada ternilai,
Membela tanah air demi bangsa,
Walaupun berbeza kita melengkapi,
Sehati sejiwa laungkan Merdeka

#UOBKayHianMalaysia
#UOBKayHianGreets

UOBKH Retail Market Monitor
02 September 2024

FBMKLCI: 1,678.80 (+25.25)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
YTLPOWR (+6.0%), YTL (+5.5%), NESTLE (+5.4%)

Bursa Top Losers:
PMETAL (-3.5%), MISC (-0.71%), PETGAS (-0.65%)

Bursa Trade Statistics
Local Institutions (28.98%): -RM351.00m
Local Retail (9.92%): -RM65.00m
Foreign (61.10%): +RM416.00m

Global Equity Indexes
MSCI Asia : 186.46 (+1.04, +0.56%)
NASDAQ : 17,713.63 (+197.20, +1.13%)
S&P500 : 5,648.80 (+56.44, +1.01%)
DJIA : 41,563.08 (+228.03, +0.55%)

USD/MYR : 4.3293 (+0.0193)
SGD/MYR : 3.3158 (+0.0073)

Crude Oil : $73.06 (-0.67)
Gold : $2,503.08 (-0.01)

US stocks were higher after the close on Friday, as gains in the Consumer Services, Consumer Goods and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.55% to hit a new all-time high, while the S&P 500 index added 1.01%, and the NASDAQ Composite index gained 1.10%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,838 to 970 and 103 ended unchanged; on the Nasdaq Stock Exchange, 2,004 rose and 1,285 declined, while 141 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) DANCO (KLSE: 5276)
Technical BUY on breakout (RM0.475) with +10.5% potential return
* Last: RM0.46 TP: RM0.51, RM0.525 SL: RM0.43
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) E&O (KLSE: 3417)
Technical BUY on breakout (RM0.91) with +18.7% potential return
* Last: RM0.88 TP: RM1.04, RM1.08 SL: RM0.81
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) EDGENTA (KLSE: 1368)
Technical BUY on breakout (RM0.745) with +17.4% potential return
* Last: RM0.725 TP: RM0.825, RM0.875 SL: RM0.68
* 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