UOBKH Retail Market Monitor
04 October 2024

FBMKLCI: 1,641.55 (+2.24)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
SUNWAY (+1.9%), PCHEM (+1.2%), PBBANK (+0.86%)

Bursa Top Losers:
YTLPOWR (-1.7%), PETDAG (-1.4%), PPB (-1.1%)

Bursa Trade Statistics
Local Institutions (44.38%): +RM281.00m
Local Retail (16.00%): +RM20.00m
Foreign (39.62%): -RM301.00m

Global Equity Indexes
MSCI Asia : 195.81 (-0.03,-0.02%)
NASDAQ : 17,918.47 (-6.65, -0.05%)
S&P500 : 5,699.94 (-9.60, -0.17%)
DJIA : 42,011.59 (-181.93, -0.44%)

USD/MYR : 4.2213(+0.0313)
SGD/MYR : 3.2552 (+0.0117)

Crude Oil : $73.88 (+3.01)
Gold : $2,656.73 (-3.99)

US stocks were lower after the close on Thursday, as losses in the Consumer Goods, Basic Materials and Healthcare sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.44%, while the S&P 500 index declined 0.17%, and the NASDAQ Composite index lost 0.05%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1851 to 955 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2136 fell and 1140 advanced, while 111 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) MICROLN (KLSE: 0126)
Technical BUY on breakout (RM 0.21) with +40.5% potential return
* Last: RM0.20 TP: RM0.265, RM0.295 SL: RM0.165
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) LEESK (KLSE: 8079)
Technical BUY with +25.9% potential return
* Last: RM0.54 TP: RM0.63, RM0.68 SL: RM0.495
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) ORGABIO (KLSE: 0252)
Technical BUY on breakout (RM 0.365) with +32.9% potential return
* Last: RM0.36 TP: RM0.425, RM0.485 SL: RM0.325
* Timeframe: 2 weeks to 2 months
* Shariah: YES

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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
4 October 2024
___

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UOBKH Hong Kong Retail Market Monitor
4 October 2024

Short Term Opportunity:
1) China Overseas Land & Investment Ltd (HKEX: 688)
Technical BUY range HK$ 15.90-16.30
Last: HK$ 17.54
TP: HK$ 18.30/ HK$ 19.20
SL: HK$ 14.70

2) CNOOC Limited (HKEX: 883)
Technical BUY range HK$ 21.10-21.30
Last: HK$ 20.90
TP: HK$ 22.30/ HK$ 23.00
SL: HK$ 20.15

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

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