UOBKH Malaysia Trading Idea
7 October 2024
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UOBKH Retail Market Monitor
7 October 2024

FBMKLCI: 1,629.97 (-11.58pt)
Support: 1,628, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
YTLPOWR (+1.1%), RHBBANK (+0.7%), PCHEM (+0.5%)

Bursa Top Losers:
MAXIS (-5.7%), CDB (-2.4%), TM (-2.3%)

Bursa Trade Statistics
Local Institutions (40.90%): RM307.00m
Local Retail (17.63%): RM15.00m
Foreign (41.47%): -RM322.00m

Global Equity Indexes
MSCI Asia : 194.73 (-0.19, -0.10%)
NASDAQ : 18,137.85 (+219.38, +1.22%)
S&P500 : 5,751.07 (+51.13, +0.90%)
DJIA : 42,352.75 (+341.16, +0.81%)

USD/MYR : 4.2595 (+0.0382)
SGD/MYR : 3.2661 (+0.0109)

Crude Oil : $73.90 (-0.48)
Gold : $2,650.31 (-3.29)

US stocks were higher after the close on Friday, as gains in the Consumer Services, Financials and Technology sectors led shares higher. At the close in the NYSE, the Dow Jones Industrial Average gained 0.81% to hit a new all-time high, while the S&P 500 index added 0.90%, and the NASDAQ Composite index climbed 1.21%. Rising stocks outnumbered declining ones on the NYSE by 1,849 to 975 and 67 ended unchanged; on the Nasdaq Stock Exchange, 2,295 rose and 987 declined, while 116 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) PETRONM (KLSE: 3042)
Technical BUY with +21.4% potential return
* Last: RM4.62 TP: RM4.99, RM5.61 SL: RM4.32
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) DAYANG (KLSE: 5141)
Technical BUY with +22.0% potential return
* Last: RM2.45 TP: RM2.72, RM2.99 SL: RM2.23
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) DANCO (KLSE: 5276)
Technical BUY on breakout (RM0.475) with +14.1% potential return
* Last: RM0.46 TP: RM0.51, RM0.525 SL: RM0.43
* 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 Singapore Retail Market Monitor
7 October 2024

Short Term Opportunity:
1) Marco Polo Marine (SGX: 5LY)
Technical BUY range S$0.056-0.057
Last: S$0.058
TP: S$0.066
SL: S$0.052

2) Riverstone Holdings (SGX: AP4)
Technical Buy range S$0.885-0.890
Last: S$0.895
TP: S$1.010
SL: S$0.850

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

Join our upcoming educational webinar in collaboration with Bursa Malaysia-i.

ABOUT THIS MASTERCLASS

Fundamental Analysis Masterclass | 9:30am – 12:30pm
Presented by Jack Goh, Research Analyst, UOB Kay Hian

Language: English
Registration Link for Online Class FA: https://bit.ly/MasterclassFAOct

Gain skills to evaluate a company's financial health and intrinsic value using financial statements and economic indicators.
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Technical Analysis Masterclass & Trading on Structured Warrants Masterclass | 1:30pm – 5:30pm
Presented by Fakhrul Asyraq, Investment Analyst, UOB Kay Hian and Choong Kum Kie, Equity Derivatives Sales, Macquarie Warrants Malaysia

Language: Bilingual (English and Bahasa)
Registration Link for Online Class TA: https://bit.ly/MasterclassTAOct

Technical Analysis Masterclass: Learn to use chart patterns, trend lines, and indicators to predict market trends and make informed trading decisions.

Trading on Structured Warrants Masterclass: Understand structured warrants, their risks, and rewards, and learn to execute effective trading strategies.
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UOBKH Retail Market Monitor
8 October 2024

FBMKLCI: 1,635.29 (+0.33)
Support: 1,628, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
SIME (+4.2%), PMETAL (+3.7%), PPB (+2.8%)

Bursa Top Losers:
TENAGA (-2.1%), HLBANK (-1.3%), PETGAS (-1.1%)

Bursa Trade Statistics
Local Institutions (40.07%): RM177.00m
Local Retail (17.45%): -RM29.00m
Foreign (42.49%): -RM148.00m

Global Equity Indexes
MSCI Asia : 194.73 (No changes)
NASDAQ : 17,923.91 (-213.94, -1.18%)
S&P500 : 5,695.94 (-55.13, -0.96%)
DJIA : 41,954.24 (-398.51, -0.94%)

USD/MYR : 4.2727 (+0.0132)
SGD/MYR : 3.2768 (+0.0107)

Crude Oil : $77.24 (+0.10)
Gold : $2,642.98 (+0.39)

US stocks were lower after the close on Monday, as losses in the Utilities, Consumer Services and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.94%, while the S&P 500 index lost 0.96%, and the NASDAQ Composite index declined 1.17%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2011 to 805 and 83 ended unchanged; on the Nasdaq Stock Exchange, 2240 fell and 1056 advanced, while 128 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) HARTA (KLSE: 5168)
Technical BUY with +27.2% potential return
* Last: RM2.87 TP: RM3.19, RM3.65 SL: RM2.74
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) SIME (KLSE: 4197)
Technical BUY with +13.1% potential return
* Last: RM2.51 TP: RM2.61, RM2.84 SL: RM2.37
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) CLOUDPT (KLSE: 0277)
Technical BUY on breakout (RM0.86) with +26.7% potential return
* Last: RM0.825 TP: RM1.04, RM1.09 SL: RM0.715
* 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
8 October 2024
___

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

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Singapore Retail Market Monitor
8 October 2024

Short Term Opportunity:
1) Hong Fok Corp (SGX: H30)
Technical BUY range : S$0.830-0.835
Last: S$0.840
TP: S$0.925
SL: S$0.805

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
8 October 2024

Short Term Opportunity:
1) China CITIC Bank Corporation Limited (HKEX: 998)
Technical BUY range : HK5.27-5.33
Last: HK$5.46
TP: HK$5.70/HK$5.89
SL: Breaks below HK$5.00

2) China Unicom (Hong Kong) Limited (HKEX: 762)
Technical BUY range HK$7.55-7.60
Last: HK$7.67
TP: HK$8.34/HK$8.76
SL: Breaks below HK$7.05

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