🇲🇾🎉Wishing all Malaysians a very Happy Malaysia Day!

May this special day be filled with joy, unity, and prosperity for years to come. 🇲🇾🎉

____

#UOBKayHianGreets
#UOBKayHianMalaysia

UOBKH Retail Market Monitor
17 September 2024

FBMKLCI: 1,652.15 (+13.84pt)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
PMETAL (+3.7%), YTLPOWR (+3.4%), YTL (+3.2%)

Bursa Top Losers:
MRDIY (-1.0%), CDB (-0.8%), KLK (-0.29%)

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 : 183.05 (+0.86, +0.47%)
NASDAQ : 17,592.13 (-91.85, -0.52%)
S&P500 : 5,633.09 (7.07, +0.13%)
DJIA : 41,622.08 (+228.30, +0.55%)

USD/MYR : 4.3012 (-0.0338)
SGD/MYR : 3.3200 (+0.0068)

Crude Oil : $70.44 (+0.35)
Gold : $2,610.40 (+1.60)

U.S. stocks were mixed after the close on Monday, as gains in the Telecoms, Oil & Gas and Financials sectors led shares higher while losses in the Technology, Consumer Services and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average gained 0.55% to hit a new all time high, while the S&P 500 index added 0.13%, and the NASDAQ Composite index fell 0.51%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,900 to 913 and 93 ended unchanged; on the Nasdaq Stock Exchange, 1,658 fell and 1,647 advanced, while 127 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) AME (KLSE: 5293)
Technical BUY on breakout (RM1.62) with +15.4% potential return
* Last: RM1.59 TP: RM1.74, RM1.87 SL: RM1.51
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) BPPLA (KLSE: 5100)
Technical BUY on breakout (RM1.49) with +13.7% potential return
* Last: RM1.28 TP: RM1.41, RM1.49 SL: RM1.22
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) ECONBHD (KLSE: 5253)
Technical BUY on breakout (RM0.455) with +22.0% potential return
* Last: RM0.435 TP: RM0.52, RM0.555 SL: RM0.39
* 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
17 September 2024
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Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

LIVE WEBINAR- Fundamental Analysis in Stock Trading

Presented by Jack Goh, Investment Analyst, UOB Kay Hian

📅 Tuesday, 17 September 2024
⏰ 6.00pm – 8.00pm

Webinar Highlight
✅ Gain skills to evaluate a company's financial health and intrinsic value using financial statements and economic indicators.

REGISTER NOW!
https://attendee.gotowebinar.com/register/5183290663649119323

This event is open to both beginner and seasoned investors to build and refresh their knowledge of Fundamental Analysis. The webinar will be conducted in English and is open to the public.

#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian

UOBKH Hong Kong Retail Market Monitor
17 September 2024

Short Term Opportunity:
1) Techtronic Industries Company Limited (HKEX: 669)
Technical BUY range HK$ 107.00-108.00
Last: HK$ 108.90
TP: HK$ 113.50/ HK$ 123.20
SL: HK$ 102.00

2) Shangdong Gold Mining Co., Ltd (HKEX: 1787)
Technical BUY range HK$ 15.55-15.80
Last: HK$ 15.84
TP: HK$ 16.90/ HK$ 17.30
SL: HK$ 14.90

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
17 September 2024

Short Term Opportunity:
1) Singapore Post (SGX: S08)
Technical Buy range S$0.450-0.455
Last: S$ 0.465
TP: S$ 0.505
SL: S$ 0.440

2) CityDev (SGX: C09)
Technical Buy range S$5.32-5.34
Last: S$ 5.45
TP: S$ 5.99
SL: S$ 5.15

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

DON'T FORGET TO REGISTER FOR THIS WEBINAR!

CIO Series 12: How to Play Defence in an Uncertain World?

📅 Date: Thursday, 19 Sep 2024
🕔 Time: 6:30pm - 7:30pm (1hr)
📈 Mode: Online Webinar
🗣️ Language: English

🔗 REGISTER NOW! OPEN TO PUBLIC
https://attendee.gotowebinar.com/register/4497465890479774303?source=my

🔹Presented by Qi Wang, CIO, UOB Kay Hian Wealth Management

🔹In early 2024, we introduced the "barbell strategy" for stock-picking, balancing AI and high-tech innovation on one end with consumer staples on the other. This strategy combines offensive and defensive plays to achieve superior risk-adjusted returns. So far, it has proven successful, with offensive plays like Nvidia (NVDA) up 138% YTD and defensive playslike Walmart (WMT) up 47% YTD, both outperforming the market.

In this CIO Series, we will go into details on how we apply Return on Invested Capital "ROIC" to pick defensive stocks in today's markets.

#UOBKayHianMalaysia
#CIOSeries

LIVE WEBINAR- Fundamental of Technical Analysis in Stock Trading

Presented by Mohd Fakhrul Asyraq, Senior Investment Analyst (Chartist), UOB Kay Hian

📅 Tuesday, 24 September 2024
⏰ 6.00pm – 8.00pm

Webinar Highlight
✅ Learn to use chart patterns, trend lines, and indicators to predict market trends and make informed trading decisions.

REGISTER NOW!
https://attendee.gotowebinar.com/register/7287790004072854876

This event is open to both beginner and seasoned investors to build and refresh their knowledge of Technical Analysis. The webinar will be conducted in English and is open to the public.

#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian

REITs: Anchors of Stability Amidst Market Volatility?

📆 Saturday, 28 September 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockPickSep24TG
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Session 1 • REITs: Anchors of Stability in Volatile Markets
Presented by Nazira Abdullah, Research Analyst, UOB Kay Hian

In this presentation, UOBKH highlights how Malaysian Real Estate Investment Trusts (REITs) are positioned to deliver steady returns despite recent volatility in Bursa Malaysia. The presentation will explore key sectors, such as retail and industrial REITs, and their ability to maintain long-term value in uncertain times.

Session 2 •Redefining Strategies Amidst Changing Times
Presented by Jack Goh, Research Analyst, UOB Kay Hian

Accelerating inflows momentum and liquidity injection from domestic funds continue to be visible, but is this sufficient to weather misery sentiment closer to US elections in November and provides relief to recent risk-off sell down?
__

#UOBKayHianEvents
#UOBKayHianMalaysia

UOBKH Retail Market Monitor
18 September 2024

FBMKLCI: 1,664.28 (+12.13)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
QL (+4.2%), IHH (+4.0%), PMETAL (+2.7%)

Bursa Top Losers:
YTLPOWER (-2.5%), GENTING (-1.3%), TM (-0.15%)

Bursa Trade Statistics
Local Institutions (40.26%): RM6.42m
Local Retail (18.03%): -RM174.12m
Foreign (41.71%): +RM167.70m

Global Equity Indexes
MSCI Asia : 183.66 (+0.61,+0.33%)
NASDAQ : 17,628.06 (-35.93, -0.20%)
S&P500 : 5,5634.58 (+1.49, +0.03%)
DJIA : 41,606.18 (-15.90, -0.04%)

USD/MYR : 4.2590 (-0.0422)
SGD/MYR : 3.2933 (-0.0267)

Crude Oil : $71.16 (-0.03)
Gold : $2,599.00 (+6.60)

US stocks were mixed after the close on Tuesday, as gains in the Oil & Gas, Consumer Services and Financials sectors led shares higher while losses in the Telecoms, Healthcare and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.04%, while the S&P 500 index gained 0.03%, and the NASDAQ Composite index gained 0.20%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,666 to 1,151 and 87 ended unchanged; on the Nasdaq Stock Exchange, 1,870 rose and 1,415 declined, while 130 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) AYS (KLSE: 5021)
Technical BUY with +29.7% potential return
* Last: RM0.365 TP: RM0.425, RM0.48 SL: RM0.325
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) COMFORT (KLSE: 2127)
Technical BUY +31.8% potential return
* Last: RM0.425 TP: RM0.495, RM0.56 SL: RM0.345
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) ENGTEX (KLSE: 5056)
Technical BUY +24.6% potential return
* Last: RM0.63 TP: RM0.73, RM0.785 SL: RM0.545
* 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

How Will the Market React After the Fed's Rate Cut Decision?🇺🇸 ✂️

With increasing odds of a 50-basis-point rate cut, could we see the stock market reach new highs? Gold prices are rising, and the US Dollar is weakening—how will these trends play out after today's Fed decision? Watch our latest video as Paul DeVierno shares his insights on potential market reactions. Will his predictions hit the mark? Tune in now to find out!

Click the link to watch: https://fb.watch/uGiBNt-ZuW/

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