Should you Invest in the Banking, Semiconductor or Utility Sectors now? 🤔

As we approach the end of 2024, many anticipated trends have yet to materialise. Will the market continue to surpass expectations and end on a positive note? Join Paul DeVierno as he shares expert insights on banking, semiconductor and utility industries and how they are evolving in the current landscape.

Click the link to watch: https://www.facebook.com/share/v/NFQy1ZR9gMgihmcU/

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UOBKH Malaysia Trading Idea
17 October 2024
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UOBKH Singapore Retail Market Monitor
17 October 2024

Short Term Opportunity:
1) DFI Retail Group Holdings (SGX: D01)
Technical Buy range US$ 2.14-2.15
Last: US$2.18
TP: US$2.34
SL: US$2.05

2) Venture Corp (SGX: V03)
Technical Buy range S$13.77-13.80
Last: S$13.75
TP: S$12.63
SL: S$14.26

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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

WEBINAR INVITATION

Finding Magic In The Mundane

📆 Saturday, 26 October 2024
⏰ 9:00am-11.00am
🌐 Register at https://bit.ly/4eXZvR0
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Session 1 • Uncovering Exciting Laggards
Presented by Keith Wee, Director, Research, UOB Kay Hian

The KL Finance index has outperformed the FBMKLCI by 7ppt ytd fueled by a surge in net foreign inflows. Given that sector valuations of 1.25x PBV is currently trading at a relatively rich +1 Standard Deviation (SD) above its historical mean P/B (1.13x) we advocate investors switching to laggards within the sector.

Session 2 • Finding Magic In The Mundane
Presented by Desmond Chong, Head of Research, UOB Kay Hian

The modern adage "wake me up when September ends" continues to resonate as the local market adopts a risk-off stance ahead of the US presidential election in November.
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ANNOUNCEMENT

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ANNOUNCEMENT

🇺🇸US Equities 🇺🇸
Active Traders Campaign

Trade the US markets and get the chance to redeem for a pair of flight tickets to Osaka, Japan!
Promotion Period: 1 October 2024-31 December 2024

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UOBKH Retail Market Monitor
18 October 2024

FBMKLCI: 1,641.44 (+8.81)
Support: 1,616, 1,600
Resistance: 1,662, 1,683

Bursa Top Gainers:
RHBBANK (+3.0%), SUNWAY (+1.8%), PBBANK (+1.8%)

Bursa Top Losers:
MAXIS (-2.6%), YTL (-2.2%), GENM (-2.2%)

Bursa Trade Statistics
Local Institutions (46.06%): -RM187.00m
Local Retail (17.20%): -RM39.00m
Foreign (36.74%): +RM226.00m

Global Equity Indexes
MSCI Asia : 189.93 (-1.86, -0.97%)
NASDAQ : 18,373.61 (+6.53, +0.04%)
S&P500 : 5,841.47 (-1.00, -0.02%)
DJIA : 43,239.05 (+161.35, +0.37%)

USD/MYR : 4.3120 (-0.0013)
SGD/MYR : 3.2820 (-0.0097)

Crude Oil : $70.85 (+0.18)
Gold : $2,695.17 (+0.09)

US stocks were mixed after the close on Thursday, as gains in the Oil & Gas, Basic Materials and Financials sectors led shares higher while losses in the Utilities, Healthcare and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average rose 0.37% to hit a new all-time high, while the S&P 500 index fell 0.02%, and the NASDAQ Composite index added 0.04%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,498 to 1,294 and 105 ended unchanged; on the Nasdaq Stock Exchange, 1,782 fell and 1,513 advanced, while 137 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) CHINHIN (KLSE: 5273)
Technical BUY on breakout (RM2.27) with +22.9% potential return
* Last: RM2.22 TP: RM2.64, RM2.79 SL: RM1.99
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) CMSB (KLSE: 2852)
Technical BUY with +14.7% potential return
* Last: RM1.43 TP: RM1.59, RM1.64 SL: RM1.29
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) FPI (KLSE: 9172)
Technical BUY on breakout (RM2.89) with +7.7% potential return
* Last: RM2.88 TP: RM2.99, RM3.08 SL: RM2.79
* Timeframe: 2 weeks to 2 months
* Shariah: YES

Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
18 October 2024
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DON'T FORGET TO REGISTER FOR THIS WEBINAR!

CIO Series 13: How to Best Position for a Potential China Recovery

📅 Date: Tuesday, 22 Oct 2024
🕔 Time: 6:30pm - 7:30pm (1hr)
📈 Mode: Online Webinar
🗣️ Language: English

🔗 REGISTER NOW! OPEN TO PUBLIC
https://attendee.gotowebinar.com/register/4982902473166142042?source=my

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

🔹 In this CIO Series, we will explore how to navigate long-term challenges faced by China, such as macroeconomic uncertainty and policy risks, while seizing short-term trading opportunities. Is the current rally sustainable? What key macro indicators should we monitor? Join us as we discuss how to best position for a potential economic recovery in China.


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UOBKH Hong Kong Retail Market Monitor
18 October 2024

Short Term Opportunity:
1) Henderson Land Development Company Limited(HKEX: 12)
Technical BUY range HK26.00-26.10
Last: HK$25.90
TP: HK$27.20/HK$27.65
SL: HK$24.95

2) China Taiping Insurance Holdings Company Limited (HKEX: 966)
Technical BUY range HK$14.48-14.58
Last: HK$13.94
TP: HK$15.60/HK$16.50
SL: HK$13.70

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