UOBKH Retail Market Monitor
25 October 2024
FBMKLCI: 1,632.23 (-9.30)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
IHH (+2.8%), MRDIY (+0.90%), MAXIS (+0.53%)
Bursa Top Losers:
YTLPOWR (-6.4%), YTL (-4.1%), PCHEM (-3.0%)
Bursa Trade Statistics
Local Institutions (44.56%): +RM182.57m
Local Retail (17.62%): -RM47.69m
Foreign (37.82%): -RM230.26m
Global Equity Indexes
MSCI Asia : 187.37 (-0.96, -0.51%)
NASDAQ : 18,415.49 (+138.84, +0.76%)
S&P500 : 5,809.86 (+12.44, +0.21%)
DJIA : 42,374.36 (-140.59, -0.33%)
USD/MYR : 4.3460 (-0.008)
SGD/MYR : 3.2946 (+0.0037)
Crude Oil : $70.61 (-0.60)
Gold : $2,733.36 (+15.13)
US stocks were mixed after the close on Thursday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher while losses in the Basic Materials, Utilities and Healthcare sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.33%, while the S&P 500 index climbed 0.21%, and the NASDAQ Composite index added 0.75%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,475 to 1,333 and 69 ended unchanged; on the Nasdaq Stock Exchange, 1,736 fell and 1,550 advanced, while 121 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) RANHILL (KLSE: 5272)
Technical BUY on breakout (RM 1.34) with +21.6% potential return
* Last: RM1.30 TP: RM1.51, RM1.63 SL: RM1.19
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SMRT (KLSE: 0117)
Technical BUY with +21.9% potential return
* Last: RM1.14 TP: RM1.31, RM1.39 SL: RM0.995
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) WTK (KLSE: 4243)
Technical BUY on breakout (RM 0.49) with +21.4% potential return
* Last: RM0.49 TP: RM0.57, RM0.595 SL: RM0.445
* 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
25 October 2024
FBMKLCI: 1,632.23 (-9.30)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
IHH (+2.8%), MRDIY (+0.90%), MAXIS (+0.53%)
Bursa Top Losers:
YTLPOWR (-6.4%), YTL (-4.1%), PCHEM (-3.0%)
Bursa Trade Statistics
Local Institutions (44.56%): +RM182.57m
Local Retail (17.62%): -RM47.69m
Foreign (37.82%): -RM230.26m
Global Equity Indexes
MSCI Asia : 187.37 (-0.96, -0.51%)
NASDAQ : 18,415.49 (+138.84, +0.76%)
S&P500 : 5,809.86 (+12.44, +0.21%)
DJIA : 42,374.36 (-140.59, -0.33%)
USD/MYR : 4.3460 (-0.008)
SGD/MYR : 3.2946 (+0.0037)
Crude Oil : $70.61 (-0.60)
Gold : $2,733.36 (+15.13)
US stocks were mixed after the close on Thursday, as gains in the Consumer Goods, Consumer Services and Technology sectors led shares higher while losses in the Basic Materials, Utilities and Healthcare sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.33%, while the S&P 500 index climbed 0.21%, and the NASDAQ Composite index added 0.75%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,475 to 1,333 and 69 ended unchanged; on the Nasdaq Stock Exchange, 1,736 fell and 1,550 advanced, while 121 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) RANHILL (KLSE: 5272)
Technical BUY on breakout (RM 1.34) with +21.6% potential return
* Last: RM1.30 TP: RM1.51, RM1.63 SL: RM1.19
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) SMRT (KLSE: 0117)
Technical BUY with +21.9% potential return
* Last: RM1.14 TP: RM1.31, RM1.39 SL: RM0.995
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) WTK (KLSE: 4243)
Technical BUY on breakout (RM 0.49) with +21.4% potential return
* Last: RM0.49 TP: RM0.57, RM0.595 SL: RM0.445
* 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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UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
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UOBKH Malaysia Trading Idea
25 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
25 October 2024
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UOBKH Hong Kong Retail Market Monitor
25 October 2024
Short Term Opportunity:
1) China Coal Energy Company Limited (HKEX: 1898)
Technical BUY range HK$ 9.80-9.88
Last: HK$ 9.95
TP: HK$ 10.40/ HK$ 10.66
SL: HK$ 9.34
2) New Oriental Education & Technology Group Inc. (HKEX: 9901)
Technical BUY range HK$ 48.00-49.00
Last: HK$ 46.80
TP: HK$ 51.90/ HK$ 53.15
SL: HK$ 45.80
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
25 October 2024
Short Term Opportunity:
1) China Coal Energy Company Limited (HKEX: 1898)
Technical BUY range HK$ 9.80-9.88
Last: HK$ 9.95
TP: HK$ 10.40/ HK$ 10.66
SL: HK$ 9.34
2) New Oriental Education & Technology Group Inc. (HKEX: 9901)
Technical BUY range HK$ 48.00-49.00
Last: HK$ 46.80
TP: HK$ 51.90/ HK$ 53.15
SL: HK$ 45.80
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
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
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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
__
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.
__
#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, 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.
__
#UOBKayHianEvents #UOBKayHianMalaysia
👍2
Forwarded from UOB Kay Hian Malaysia (Official)
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
👍1
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
__
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.
__
#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, 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.
__
#UOBKayHianEvents #UOBKayHianMalaysia
FBMKLCI Week Ahead (28 October - 1 November 2024)
Note: Short trading week
🔹Bursa Malaysia is expected to trade within a narrow range as geopolitical uncertainties, particularly Japan’s upcoming general election and the U.S. presidential election, weigh on market sentiment.
🔹Despite strong economic data from both Malaysia and the U.S., and approximately 160 S&P 500 companies reporting quarterly results so far, investor caution remains elevated.
🔹The FBMKLCI closed the week at 1618.30, reflecting a 1.68% decline from last week’s 1645.99.
🔹Given current regional and global uncertainties, we anticipate the FBMKLCI to trade within the 1640-1645 range in the coming week.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
Note: Short trading week
🔹Bursa Malaysia is expected to trade within a narrow range as geopolitical uncertainties, particularly Japan’s upcoming general election and the U.S. presidential election, weigh on market sentiment.
🔹Despite strong economic data from both Malaysia and the U.S., and approximately 160 S&P 500 companies reporting quarterly results so far, investor caution remains elevated.
🔹The FBMKLCI closed the week at 1618.30, reflecting a 1.68% decline from last week’s 1645.99.
🔹Given current regional and global uncertainties, we anticipate the FBMKLCI to trade within the 1640-1645 range in the coming week.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
❤2
Forwarded from UOB Kay Hian Malaysia (Official)
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
UOBKH Retail Market Monitor
28 October 2024
FBMKLCI: 1,618.30 (-13.93)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
IHH (+1.2%), SDG (+0.63%), TENAGA (+0.14%)
Bursa Top Losers:
YTL (-7.5%), YTLPOWR (-6.8%), MAXIS (-3.4%)
Bursa Trade Statistics
Local Institutions (43.88%): +RM36.51m
Local Retail (22.43%): +RM28.77m
Foreign (33.69%): -RM65.28m
Global Equity Indexes
MSCI Asia : 186.54 (-0.33, -0.18%)
NASDAQ : 18,518.61 (+103.12, +0.56%)
S&P500 : 5,808.12 (-1.74, -0.03%)
DJIA : 42,114.40 (-259.96, -0.61%)
USD/MYR : 4.3498 (+0.0038)
SGD/MYR : 3.2872 (-0.0074)
Crude Oil : $68.80 (-1.81)
Gold : $2,733.62 (+0.26)
US stocks were mixed after the close on Friday, as gains in the Technology, Oil & Gas and Consumer Goods sectors led shares higher while losses in the Telecoms, Utilities and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.61%, while the S&P 500 index lost 0.03%, and the NASDAQ Composite index added 0.56%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,738 to 1,051 and 97 ended unchanged; on the Nasdaq Stock Exchange, 1,779 fell and 1,515 advanced, while 114 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) GCAP (KLSE: 7676)
Technical BUY with +26.3% potential return
* Last: RM0.495 TP: RM0.595, RM0.625 SL: RM0.425
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) HEXRTL (KLSE: 7202)
Technical BUY on breakout (RM0.49) with +25.5% potential return
* Last: RM0.485 TP: RM0.565, RM0.615 SL: RM0.44
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) PENTA (KLSE: 7160)
Technical BUY with +19.7% potential return
* Last: RM3.86 TP: RM4.36, RM4.62 SL: RM3.57
* 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
28 October 2024
FBMKLCI: 1,618.30 (-13.93)
Support: 1,616, 1,600
Resistance: 1,662, 1,683
Bursa Top Gainers:
IHH (+1.2%), SDG (+0.63%), TENAGA (+0.14%)
Bursa Top Losers:
YTL (-7.5%), YTLPOWR (-6.8%), MAXIS (-3.4%)
Bursa Trade Statistics
Local Institutions (43.88%): +RM36.51m
Local Retail (22.43%): +RM28.77m
Foreign (33.69%): -RM65.28m
Global Equity Indexes
MSCI Asia : 186.54 (-0.33, -0.18%)
NASDAQ : 18,518.61 (+103.12, +0.56%)
S&P500 : 5,808.12 (-1.74, -0.03%)
DJIA : 42,114.40 (-259.96, -0.61%)
USD/MYR : 4.3498 (+0.0038)
SGD/MYR : 3.2872 (-0.0074)
Crude Oil : $68.80 (-1.81)
Gold : $2,733.62 (+0.26)
US stocks were mixed after the close on Friday, as gains in the Technology, Oil & Gas and Consumer Goods sectors led shares higher while losses in the Telecoms, Utilities and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.61%, while the S&P 500 index lost 0.03%, and the NASDAQ Composite index added 0.56%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,738 to 1,051 and 97 ended unchanged; on the Nasdaq Stock Exchange, 1,779 fell and 1,515 advanced, while 114 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) GCAP (KLSE: 7676)
Technical BUY with +26.3% potential return
* Last: RM0.495 TP: RM0.595, RM0.625 SL: RM0.425
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) HEXRTL (KLSE: 7202)
Technical BUY on breakout (RM0.49) with +25.5% potential return
* Last: RM0.485 TP: RM0.565, RM0.615 SL: RM0.44
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) PENTA (KLSE: 7160)
Technical BUY with +19.7% potential return
* Last: RM3.86 TP: RM4.36, RM4.62 SL: RM3.57
* 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
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
❤1👍1