Forwarded from UOB Kay Hian Malaysia (Official)
Join our upcoming educational webinar in collaboration with Bursa Malaysia-i.
ABOUT THIS MASTERCLASS
[Session 1] 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
__
[Session 2] 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
_
#UOBKayHianEvents
#UOBKayHian
ABOUT THIS MASTERCLASS
[Session 1] 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
__
[Session 2] 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
_
#UOBKayHianEvents
#UOBKayHian
❤1
MALAYSIA BUDGET 2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Equity-market related - Dividend Tax
The government plans to progressively broaden the tax base by introducing a 2% dividend tax on dividend income exceeding RM100k received by individual shareholders, starting from the assessment year of 2025. This initiative is being implemented to ensure that income tax collected does not solely rely on contributions from wage earners but also includes contributions from company owners and individuals with million-ringgit shareholdings.
____________
Construction Sector Flash Update 🏗️
Key Takeaways from Budget 2025
- As anticipated, nothing significant/share-price moving catalysts for the construction sector from Budget 2025.
- Firstly, government’s development expenditure shrank from RM90b (Budget 2024) to RM86b; -4.4%.
- That said, including RM9b Private Finance Initiatives (PFIs) and RM25b direct domestic investment from GLICs, public development expenditure for 2025 will be RM120b.
- Notably, Prime Minister Anwar highlighted that it’s not time for massive mega-projects roll-out yet (as we pointed out earlier), and government will be focusing more on social infrastructure or developments for key industrial areas (by states).
- Some notable projects highlighted were i) Johor-SG RTS (commencing operation in 2027); ii) expansion of Kulim Hi-tech park Kedah (to cater for semicon players like Infineon); iii) Penang LRT; iv) Penang Airport Expansion.
- No MRT3, Johor LRT/ART mentioned…
- Just a bit on flood mitigation projects, including Sungai Kelantan Phase 2 and Sungai Damansara. Out of 33 projects which was earlier estimated to be worth RM11.8b?
- To add on, development expenditure for Sabah and Sarawak are raised to amongst the highest within states at RM6.7b & RM5.9b (2024: RM6.6b & RM5.8b).
- Pan Borneo Phase 1B project already doled out 17 packages worth RM9.7b earlier, while Sabah - Sarawak Link Road (SSLR) phase 2 worth RM7.4b in total will announce another 2 packages around year end.
Summary 🌟:
Nothing meaningful, mega projects doesn’t seem to be government’s current focus, except selected fews like Penang LRT, Johor RTS and Pan Borneo 1B. Hopefully more momentum on mega-projects roll-out after potential removal of Ron 95 subsidies(in phases) in mid-2025.
____________
Gaming Sector Flash Update 🎰
Key Takeaways from Budget 2025
- No takeaways as nothing mentioned on gaming in Budget 2025.
- No gaming tax hike, No higher tax, No special draw cuts (for NFOs).
- This is however, positive to the sector as concerns on further detrimental policies from the government on gaming companies to increase tax base are allayed.
- Given that sector is already trading at depressed valuations, sentiment may re-rate especially lush dividends for gaming companies are usually backloaded to 2H24.
____________
Property Sector Flash Update 🎰
Key Takeaways from Budget 2025
- Mostly extension from previous budget on affordable housing scheme like RM900m allocated for Residensi Rakyat Programs (PRR) and Rumah Mesra Rakyat projects, Government guarantees RM12.8b for housing loans, helping over 57,000 first-time homebuyers, with an additional RM10b planned for further financing.
- No mention of LRT/ART Johor or JSSEZ incentives details
- No mention of housing grant as what we expected
- The only key item for property sector is property tax relief. Tax relief on interest payments for homes valued up to RM500,000 (up to RM7,000) and homes between RM500,000 and RM750,000 (up to RM5,000), available for three consecutive years.
____________
#MalaysiaBudget2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Equity-market related - Dividend Tax
The government plans to progressively broaden the tax base by introducing a 2% dividend tax on dividend income exceeding RM100k received by individual shareholders, starting from the assessment year of 2025. This initiative is being implemented to ensure that income tax collected does not solely rely on contributions from wage earners but also includes contributions from company owners and individuals with million-ringgit shareholdings.
____________
Construction Sector Flash Update 🏗️
Key Takeaways from Budget 2025
- As anticipated, nothing significant/share-price moving catalysts for the construction sector from Budget 2025.
- Firstly, government’s development expenditure shrank from RM90b (Budget 2024) to RM86b; -4.4%.
- That said, including RM9b Private Finance Initiatives (PFIs) and RM25b direct domestic investment from GLICs, public development expenditure for 2025 will be RM120b.
- Notably, Prime Minister Anwar highlighted that it’s not time for massive mega-projects roll-out yet (as we pointed out earlier), and government will be focusing more on social infrastructure or developments for key industrial areas (by states).
- Some notable projects highlighted were i) Johor-SG RTS (commencing operation in 2027); ii) expansion of Kulim Hi-tech park Kedah (to cater for semicon players like Infineon); iii) Penang LRT; iv) Penang Airport Expansion.
- No MRT3, Johor LRT/ART mentioned…
- Just a bit on flood mitigation projects, including Sungai Kelantan Phase 2 and Sungai Damansara. Out of 33 projects which was earlier estimated to be worth RM11.8b?
- To add on, development expenditure for Sabah and Sarawak are raised to amongst the highest within states at RM6.7b & RM5.9b (2024: RM6.6b & RM5.8b).
- Pan Borneo Phase 1B project already doled out 17 packages worth RM9.7b earlier, while Sabah - Sarawak Link Road (SSLR) phase 2 worth RM7.4b in total will announce another 2 packages around year end.
Summary 🌟:
Nothing meaningful, mega projects doesn’t seem to be government’s current focus, except selected fews like Penang LRT, Johor RTS and Pan Borneo 1B. Hopefully more momentum on mega-projects roll-out after potential removal of Ron 95 subsidies(in phases) in mid-2025.
____________
Gaming Sector Flash Update 🎰
Key Takeaways from Budget 2025
- No takeaways as nothing mentioned on gaming in Budget 2025.
- No gaming tax hike, No higher tax, No special draw cuts (for NFOs).
- This is however, positive to the sector as concerns on further detrimental policies from the government on gaming companies to increase tax base are allayed.
- Given that sector is already trading at depressed valuations, sentiment may re-rate especially lush dividends for gaming companies are usually backloaded to 2H24.
____________
Property Sector Flash Update 🎰
Key Takeaways from Budget 2025
- Mostly extension from previous budget on affordable housing scheme like RM900m allocated for Residensi Rakyat Programs (PRR) and Rumah Mesra Rakyat projects, Government guarantees RM12.8b for housing loans, helping over 57,000 first-time homebuyers, with an additional RM10b planned for further financing.
- No mention of LRT/ART Johor or JSSEZ incentives details
- No mention of housing grant as what we expected
- The only key item for property sector is property tax relief. Tax relief on interest payments for homes valued up to RM500,000 (up to RM7,000) and homes between RM500,000 and RM750,000 (up to RM5,000), available for three consecutive years.
____________
#MalaysiaBudget2025
👍5👏1
MALAYSIA BUDGET 2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Semicon, E&E and AI Sector Flash Update 🏗️
Key Takeaways from Budget 2025
- Semiconductor Hub: Malaysia continues to position itself as a global semiconductor hub with increased collaborations, including major partnerships with Intel and Infineon
- Semiconductor and AI Focus: Universiti Sains Malaysia (USM) focuses on AI in the semiconductor sector, aligning with the country’s semiconductor leadership.
- E&E Sector Growth: Malaysia’s E&E sector will benefit from new incentives focusing on high-value activities like IC design and advanced materials, with tax incentives extended to boost export growth
- Education system related to E&E: UiTM is allocated additional funding to produce more E&E engineers, emphasizing the importance of Bumiputera participation in the fast-growing semiconductor sector
- IC Design Focus: To elevate the E&E industry, tax incentives for IC design and advanced materials will be expanded, promoting high-value contributions from this sector
- Education system related to AI: AI education is being expanded across MY universities R&D with a budget increase from RM20m to RM50m, focusing on areas such as AI in medicine, quantum computing, and language translation.
- AI in medical field: Universiti Malaya focuses on AI applications in medical research, particularly in combating fatal diseases like cancer
- Quantum AI Research: Universiti Putra Malaysia is establishing a Cryptology Technology and Management Center in collaboration with NACSA to explore quantum computing AI for cybersecurity.
- AI and Language Translation: Universiti Kebangsaan Malaysia leads research in AI-driven language translation to elevate Bahasa Melayu as a language of knowledge.
- AI Collaboration for Startups: Initiatives like the Cradle Fund (RM65m) and National Fund-of-Funds (RM1b) are set to support local startups and encourage collaboration between corporations and AI-driven startups.
- AI-Driven Economic Zones: New economic clusters will emphasize AI-related jobs, digital technology, robotics, IoT, and FinTech, supported by tax incentives for private institutions developing such courses.
- National AI Office (NAIO): RM10m has been allocated to NAIO to drive AI integration across industries, enhancing AI adoption and national strategy.
- Digital Transformation and AI: The success of Malaysia’s digital transformation strategy has attracted major tech investments, with giants like AWS, Microsoft, Google, and Oracle investing USD16.9b in cloud infrastructure development.
- AI in Reverse Vending Machines: Tax incentives will be extended for AI-driven Smart Reverse Vending Machines to promote recycling and environmental sustainability.
- TVET and AI: Technical and Vocational Education and Training (TVET) programs are being boosted with RM7.5b to prepare young talents, including AI and aerospace, aligned with Malaysia’s National Industrial Master Plan (NIMP).
Summary: These initiatives reflect Malaysia’s strategic emphasis on advancing its semiconductor, E&E, and AI sectors through education, R&D, and industrial collaboration.
____________
#MalaysiaBudget2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Semicon, E&E and AI Sector Flash Update 🏗️
Key Takeaways from Budget 2025
- Semiconductor Hub: Malaysia continues to position itself as a global semiconductor hub with increased collaborations, including major partnerships with Intel and Infineon
- Semiconductor and AI Focus: Universiti Sains Malaysia (USM) focuses on AI in the semiconductor sector, aligning with the country’s semiconductor leadership.
- E&E Sector Growth: Malaysia’s E&E sector will benefit from new incentives focusing on high-value activities like IC design and advanced materials, with tax incentives extended to boost export growth
- Education system related to E&E: UiTM is allocated additional funding to produce more E&E engineers, emphasizing the importance of Bumiputera participation in the fast-growing semiconductor sector
- IC Design Focus: To elevate the E&E industry, tax incentives for IC design and advanced materials will be expanded, promoting high-value contributions from this sector
- Education system related to AI: AI education is being expanded across MY universities R&D with a budget increase from RM20m to RM50m, focusing on areas such as AI in medicine, quantum computing, and language translation.
- AI in medical field: Universiti Malaya focuses on AI applications in medical research, particularly in combating fatal diseases like cancer
- Quantum AI Research: Universiti Putra Malaysia is establishing a Cryptology Technology and Management Center in collaboration with NACSA to explore quantum computing AI for cybersecurity.
- AI and Language Translation: Universiti Kebangsaan Malaysia leads research in AI-driven language translation to elevate Bahasa Melayu as a language of knowledge.
- AI Collaboration for Startups: Initiatives like the Cradle Fund (RM65m) and National Fund-of-Funds (RM1b) are set to support local startups and encourage collaboration between corporations and AI-driven startups.
- AI-Driven Economic Zones: New economic clusters will emphasize AI-related jobs, digital technology, robotics, IoT, and FinTech, supported by tax incentives for private institutions developing such courses.
- National AI Office (NAIO): RM10m has been allocated to NAIO to drive AI integration across industries, enhancing AI adoption and national strategy.
- Digital Transformation and AI: The success of Malaysia’s digital transformation strategy has attracted major tech investments, with giants like AWS, Microsoft, Google, and Oracle investing USD16.9b in cloud infrastructure development.
- AI in Reverse Vending Machines: Tax incentives will be extended for AI-driven Smart Reverse Vending Machines to promote recycling and environmental sustainability.
- TVET and AI: Technical and Vocational Education and Training (TVET) programs are being boosted with RM7.5b to prepare young talents, including AI and aerospace, aligned with Malaysia’s National Industrial Master Plan (NIMP).
Summary: These initiatives reflect Malaysia’s strategic emphasis on advancing its semiconductor, E&E, and AI sectors through education, R&D, and industrial collaboration.
____________
#MalaysiaBudget2025
👍1
MALAYSIA BUDGET 2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Automobile Sector Flash Update 🏗️
Key Takeaways from Budget 2025
🔸Support for Electric Motorcycles: Incentives of up to RM2,400 for CKD electric motorcycles will continue, with a RM10m allocation.
🔸Expansion of EV Charging Infrastructure: Tax relief for the purchase of EV chargers will be expanded and extended until 2027.
🔸TVET and EV Skills Training: RM500m has been allocated for TVET training in critical fields like EV maintenance, aerospace, AI, and MRO.
🔸Corporate Support for EV Skills: Collaborations, such as with PROTON through the Advanced Automotive Technology Institute, are aimed at enhancing workforce skills in the automotive and EV sectors.
NEUTRAL: As expected, there are no new direct incentives for consumers, the government’s focus on local EV production, infrastructure expansion, and workforce development demonstrates a long-term commitment to building a sustainable and skilled EV ecosystem in Malaysia.
____________
#MalaysiaBudget2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Automobile Sector Flash Update 🏗️
Key Takeaways from Budget 2025
🔸Support for Electric Motorcycles: Incentives of up to RM2,400 for CKD electric motorcycles will continue, with a RM10m allocation.
🔸Expansion of EV Charging Infrastructure: Tax relief for the purchase of EV chargers will be expanded and extended until 2027.
🔸TVET and EV Skills Training: RM500m has been allocated for TVET training in critical fields like EV maintenance, aerospace, AI, and MRO.
🔸Corporate Support for EV Skills: Collaborations, such as with PROTON through the Advanced Automotive Technology Institute, are aimed at enhancing workforce skills in the automotive and EV sectors.
NEUTRAL: As expected, there are no new direct incentives for consumers, the government’s focus on local EV production, infrastructure expansion, and workforce development demonstrates a long-term commitment to building a sustainable and skilled EV ecosystem in Malaysia.
____________
#MalaysiaBudget2025
MALAYSIA BUDGET 2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Summary from UOB's economist - Julia Goh
Msia Budget 2025 - New taxes and targeted subsidies in focus
🔸 Budget 2025 targets narrower fiscal deficit MYR80bn (2025F: 3.8% of GDP, 2024F: 4.3%)
🔸 Total expenditure +3.3% to MYR421bn or 20.2% of GDP
🔸 Operating expenditure +4.2% to MYR335bn or 16.1% of GDP
🔸 Development expenditure unchanged at MYR86bn or 4.1% of GDP
🔸 Record revenue collections +5.5% to MYR339.7bn or 16.3% of GDP
🔸 Real GDP growth targets raised to 4.8%-5.3% for 2024, 4.5%-5.5% in 2025
🔸 Inflation expected between 2%-3.5% in 2025 (2024F: 1.5%-2.5%)
🔸 Unemployment rate to improve further to 3.1% (2024F: 3.2%)
🔸 Gross exports projected +3.9% in 2025 (2024: 5.6%)
🔸 Current account surplus to widen to +MYR49.1bn or 2.4% of GNI (2024F: 2.3%)
🔸 Public debt-to-GDP to stay at 64% in 2024-25
____________
#MalaysiaBudget2025
♨️ Fresh from Oven - An Update from UOB Kay Hian ♨️
Summary from UOB's economist - Julia Goh
Msia Budget 2025 - New taxes and targeted subsidies in focus
🔸 Budget 2025 targets narrower fiscal deficit MYR80bn (2025F: 3.8% of GDP, 2024F: 4.3%)
🔸 Total expenditure +3.3% to MYR421bn or 20.2% of GDP
🔸 Operating expenditure +4.2% to MYR335bn or 16.1% of GDP
🔸 Development expenditure unchanged at MYR86bn or 4.1% of GDP
🔸 Record revenue collections +5.5% to MYR339.7bn or 16.3% of GDP
🔸 Real GDP growth targets raised to 4.8%-5.3% for 2024, 4.5%-5.5% in 2025
🔸 Inflation expected between 2%-3.5% in 2025 (2024F: 1.5%-2.5%)
🔸 Unemployment rate to improve further to 3.1% (2024F: 3.2%)
🔸 Gross exports projected +3.9% in 2025 (2024: 5.6%)
🔸 Current account surplus to widen to +MYR49.1bn or 2.4% of GNI (2024F: 2.3%)
🔸 Public debt-to-GDP to stay at 64% in 2024-25
____________
#MalaysiaBudget2025
👍2
Beyond Headlines Series
MALAYSIA POST-BUDGET DISCUSSION
Curious about how Budget 2025 will transform Malaysia's economic landscape under the Ekonomi Madani framework? Don’t miss this chance to hear cutting-edge insights from top experts on how the latest budget is driving strategic investments, boosting government efficiency, and ensuring inclusive growth for all Malaysians.
Secure your spot in this must-attend event.
📅 Date: Saturday, 26 Oct 2024
🕔 Time: 11:30am - 12:30am (1hr)
📈 Mode: Online Webinar
🗣️ Language: English
🔗 REGISTER NOW! OPEN TO PUBLIC
https://bit.ly/MalaysiaBudget2024Review
Organiser: UOB Kay Hian Wealth Advisors Sdn Bhd
Co-Organiser: Faculty of Business sand Economics, Universiti Malaya
__
#UOBKayHianMalaysia
#UOBKayHian
#BeyondHeadlines
#MalaysiaBudget2025 #Budget2025
#Belanjawan2025
MALAYSIA POST-BUDGET DISCUSSION
Curious about how Budget 2025 will transform Malaysia's economic landscape under the Ekonomi Madani framework? Don’t miss this chance to hear cutting-edge insights from top experts on how the latest budget is driving strategic investments, boosting government efficiency, and ensuring inclusive growth for all Malaysians.
Secure your spot in this must-attend event.
📅 Date: Saturday, 26 Oct 2024
🕔 Time: 11:30am - 12:30am (1hr)
📈 Mode: Online Webinar
🗣️ Language: English
🔗 REGISTER NOW! OPEN TO PUBLIC
https://bit.ly/MalaysiaBudget2024Review
Organiser: UOB Kay Hian Wealth Advisors Sdn Bhd
Co-Organiser: Faculty of Business sand Economics, Universiti Malaya
__
#UOBKayHianMalaysia
#UOBKayHian
#BeyondHeadlines
#MalaysiaBudget2025 #Budget2025
#Belanjawan2025
👍3❤1
FBMKLCI Week Ahead (21-25 October)
🔷The FBMKLCI is expected to trade steadily within the range of 1,655 to 1,665 as investors digest the recently announced Malaysia Budget 2025 by Prime Minister Anwar.
🔷Key measures include support for homeownership, with provisions for 57,000 first-time homebuyers under the SJKP scheme and tax relief of up to RM7,000 for three consecutive years for first-time buyers.
🔷These incentives are anticipated to benefit the property and construction sectors, along with their supply chains
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
🔷The FBMKLCI is expected to trade steadily within the range of 1,655 to 1,665 as investors digest the recently announced Malaysia Budget 2025 by Prime Minister Anwar.
🔷Key measures include support for homeownership, with provisions for 57,000 first-time homebuyers under the SJKP scheme and tax relief of up to RM7,000 for three consecutive years for first-time buyers.
🔷These incentives are anticipated to benefit the property and construction sectors, along with their supply chains
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
👍2
Forwarded from UOB Kay Hian Malaysia (Official)
Join our upcoming educational webinar in collaboration with Bursa Malaysia-i.
ABOUT THIS MASTERCLASS
[Session 1] 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
__
[Session 2] 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
_
#UOBKayHianEvents
#UOBKayHian
ABOUT THIS MASTERCLASS
[Session 1] 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
__
[Session 2] 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
_
#UOBKayHianEvents
#UOBKayHian
👍2❤1
UOBKH Retail Market Monitor
21 October 2024
FBMKLCI: 1,645.99 (+4.55)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
YTL (+2.7%), AXIATA (+2.1%), GENTING(+1.8%)
Bursa Top Losers:
RHB (-0.93%), PETGAS (-0.90%), PCHEM (-0.88%)
Bursa Trade Statistics
Local Institutions (46.06%): -RM187m
Local Retail (17.20%): -RM39m
Foreign (36.74%): +RM226m
Global Equity Indexes
MSCI Asia : 191.39 (-2.26,+ 1.19%)
NASDAQ : 18,489.55 (+115.94, + 0.63 %)
S&P500 : 5,864.67 (+23.20, + 0.40%)
DJIA : 43,275.91 (+36.86, +0.09%)
USD/MYR : 4.306 (+0.006)
SGD/MYR : 3.2807 (+0.0013)
Crude Oil : $69.26 (+0.04)
Gold: $2,738.60 (+8.60)
US stocks were higher after the close on Friday, as gains in the Consumer Services, Utilities and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.09% to hit a new all-time high, while the S&P 500 index added 0.40%, and the NASDAQ Composite index gained 0.63%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,549 to 1236 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1,814 rose and 1,465 declined, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEKD (KLSE: 0238)
Technical BUY on breakout (RM0.485) with +22.7% potential return
* Last: RM0.48 TP: RM0.535, RM0.595 SL: RM0.4455
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CORAZA (KLSE: 0240)
Technical BUY on breakout (RM0.405) with +22.4% potential return
* Last: RM0.39 TP: RM0.47, RM0.52, SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CYPARK (KLSE: 5184)
Technical BUY with +18.7% potential return
* Last: RM0.67 TP: RM0.745, RM0.795 SL: RM605
* 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
21 October 2024
FBMKLCI: 1,645.99 (+4.55)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
YTL (+2.7%), AXIATA (+2.1%), GENTING(+1.8%)
Bursa Top Losers:
RHB (-0.93%), PETGAS (-0.90%), PCHEM (-0.88%)
Bursa Trade Statistics
Local Institutions (46.06%): -RM187m
Local Retail (17.20%): -RM39m
Foreign (36.74%): +RM226m
Global Equity Indexes
MSCI Asia : 191.39 (-2.26,+ 1.19%)
NASDAQ : 18,489.55 (+115.94, + 0.63 %)
S&P500 : 5,864.67 (+23.20, + 0.40%)
DJIA : 43,275.91 (+36.86, +0.09%)
USD/MYR : 4.306 (+0.006)
SGD/MYR : 3.2807 (+0.0013)
Crude Oil : $69.26 (+0.04)
Gold: $2,738.60 (+8.60)
US stocks were higher after the close on Friday, as gains in the Consumer Services, Utilities and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.09% to hit a new all-time high, while the S&P 500 index added 0.40%, and the NASDAQ Composite index gained 0.63%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,549 to 1236 and 98 ended unchanged; on the Nasdaq Stock Exchange, 1,814 rose and 1,465 declined, while 126 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) CEKD (KLSE: 0238)
Technical BUY on breakout (RM0.485) with +22.7% potential return
* Last: RM0.48 TP: RM0.535, RM0.595 SL: RM0.4455
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CORAZA (KLSE: 0240)
Technical BUY on breakout (RM0.405) with +22.4% potential return
* Last: RM0.39 TP: RM0.47, RM0.52, SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CYPARK (KLSE: 5184)
Technical BUY with +18.7% potential return
* Last: RM0.67 TP: RM0.745, RM0.795 SL: RM605
* 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
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UOBKH Malaysia Trading Idea
21 October 2024
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21 October 2024
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Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
UOBKH Singapore Retail Market Monitor
21 October 2024
Short Term Opportunity:
1) iFAST Corp (SGX: AIY)
Technical Buy range S$7.68-7.70
Last: S$7.75
TP: S$8.44
SL: S$7.48
2) Singapore Tech Engineering (SGX: S63)
Technical Buy range S$4.76-4.77
Last: S$4.81
TP: S$5.24
SL: SS$4.58
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
21 October 2024
Short Term Opportunity:
1) iFAST Corp (SGX: AIY)
Technical Buy range S$7.68-7.70
Last: S$7.75
TP: S$8.44
SL: S$7.48
2) Singapore Tech Engineering (SGX: S63)
Technical Buy range S$4.76-4.77
Last: S$4.81
TP: S$5.24
SL: SS$4.58
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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Forwarded from UOB Kay Hian Malaysia (Official)
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.
#UOBKayHianMalaysia
#CIOSeries
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.
#UOBKayHianMalaysia
#CIOSeries
Forwarded from UOB Kay Hian Malaysia (Official)
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, Associate Director, Financials, 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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#UOBKayHianEvents #UOBKayHianMalaysia
Finding Magic In The Mundane
📆 Saturday, 26 October 2024
⏰ 9:00am-11.00am
🌐 Register at https://bit.ly/4eXZvR0
__
Session 1 • Uncovering Exciting Laggards
Presented by Keith Wee, Associate Director, Financials, 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.
__
#UOBKayHianEvents #UOBKayHianMalaysia
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