UOB Kay Hian Malaysia (Official)
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Daily local, regional and global stock trading and wealth building investment ideas.

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UOBKH Retail Market Monitor
1 November 2024

FBMKLCI: 1,601.88 (-13.20)
Support: 1,600, 1,575
Resistance: 1,662, 1,683

Bursa Top Gainers:
HLFG (+0.97%), SUNWAY (+0.69%), PMETAL (+0.42%)

Bursa Top Losers:
SIME (-5.3%), MAXIS (-4.7%), PCHEM (-2.3%)

Bursa Trade Statistics
Local Institutions (40.37%): +RM432.52m
Local Retail (13.38%): +RM41.39m
Foreign (46.25%): -RM473.91m

Global Equity Indexes
MSCI Asia : 186.83 (-0.48, -0.26%)
NASDAQ : 18,095.15 (-512.78, -2.81%)
S&P500 : 5,705.45 (-108.22, -1.86%)
DJIA : 41,763.46 (-378.08, -0.90%)

USD/MYR : 4.3678 (-0.0032)
SGD/MYR : 3.3090 (+0.0065)

Crude Oil : $70.56 (+3.1)
Gold : $2,747.08 (-29.23)

US stocks were lower after the close on Thursday, as losses in the Technology, Basic Materials and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.90% to hit a new 1-month low, while the S&P 500 index lost 1.86%, and the NASDAQ Composite index fell 2.81%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1.976 to 828 and 77 ended unchanged; on the Nasdaq Stock Exchange, 2.488 fell and 819 advanced, while 94 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) GKENT (KLSE: 3204)
Technical BUY on breakout (RM0.42) with +16.7% potential return
* Last: RM0.40 TP: RM0.465, RM0.49 SL: RM0.39
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) MI (KLSE: 5286)
Technical buy on breakout (RM 1.97) with +21.3% potential return
* Last: RM1.91 TP: RM2.24, RM2.39 SL: RM1.79
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) FM (KLSE: 7210)
Technical buy on breakout (RM 0.61) with +13.9% potential return
* Last: RM0.595 TP: RM0.66, RM0.695 SL: RM0.565
* 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
1 November 2024
_

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

#TradingIdea #UOBKayHian #UOBKayHianMalaysia
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UOBKH Singapore Retail Market Monitor
1 November 2024

Short Term Opportunity:
1) SIA Engineering Co (SGX: S59)
Technical Buy range S$2.40-2.41
Last: S$ 2.42
TP: S$ 2.60
SL: S$ 2.34

2) Riverstone Holdings (SGX: AP4)
Technical Buy range S$ 0.895-0.900
Last: S$ 0.905
TP: S$ 1.000
SL: S$ 0.875


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
1 November 2024

Short Term Opportunity:
1) China Resources L:and Limited (HKEX: 1109)
Technical BUY range HK$ 25.95-26.20
Last: HK$ 25.85
TP: HK$ 27.90/ HK$ 28.65
SL: HK$ 24.50

2) China Resources Holdings Company Limited (HKEX: 836)
Technical BUY range HK$ 19.10-19.18
Last: HK$ 18.70
TP: HK$ 19.88/ HK$ 20.25
SL: HK$ 18.42

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
πŸ‘1
FBMKLCI Market Closing Commentary
1 Nov 2024

#UOBKayHianMalaysia
#FBMKLCIMarketClosingCommentary
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Forwarded from UOBKH Trading Ideas
Countdown to Election Day: Updates and Market Insights

US Election Day is only 4 days away! Wondering how the markets will react? Stay tuned for updates as the US election results start rolling in on Wednesday, 6th November.
 
Subscribe to our Telegram and YouTube channels and turn on notifications so you are informed when we post!

Click the link to watch: https://fb.watch/vAlL9M84Si/

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πŸ‘2
UOBKH Retail Market Monitor
4 November 2024

FBMKLCI: 1,603.98 (+2.10)
Support: 1,600, 1,575
Resistance: 1,625, 1,662

Bursa Top Gainers:
SDG (+7.6%), YTLPOWR (+2.9%), AXIATA (+2.2%)

Bursa Top Losers:
PMETAL (-1.5%), HLBANK (-1.5%), HLFG (-1.3%)

Bursa Trade Statistics
Local Institutions (35.92%): RM77.20m
Local Retail (14.53%): RM-5.71m
Foreign (49.55%): -RM71.49m

Global Equity Indexes
MSCI Asia : 185.09 (-1.00, -0.54%)
NASDAQ : 18,239.92 (+144.77, 0.80%)
S&P500 : 5,728.80 (+23.35, 0.41%)
DJIA : 42,052.19 (+288.73, 0.69%)

USD/MYR : 4.3750 (0.0072)
SGD/MYR : 3.3089 (-0.0001)

Crude Oil : $70.55 (-0.01)
Gold : $2,739.34 (-7.74)

US stocks were higher after the close on Friday, as gains in the Consumer Services, Healthcare and Technology sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.69%, while the S&P 500 index added 0.41%, and the NASDAQ Composite index climbed 0.80%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,526 to 1,275 and 74 ended unchanged; on the Nasdaq Stock Exchange, 1,797 rose and 1,508 declined, while 119 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) PLYTEC (KLSE: 0289)
Technical BUY with +37.5% potential return
** Last: RM0.36 TP: RM0.445, RM0.495 SL: RM0.32
** Timeframe: 2 weeks to 2 months
** Shariah: YES

2) SYNERGY (KLSE: 0279)
Technical BUY with +30.7% potential return
** Last: RM1.14 TP: RM1.31, RM1.49 SL: RM0.895
** Timeframe: 2 weeks to 2 months
** Shariah: YES

3) BPPLAS (KLSE: 5100)
Technical BUY on breakout (RM1.27) with +13.4% potential return
** Last: RM1.25 TP: RM1.39, RM1.44 SL: RM1.17
** 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
πŸ‘2
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UOBKH Malaysia Trading Idea
4 November 2024
_

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

#TradingIdea #UOBKayHian #UOBKayHianMalaysia
FBMKLCI Week Ahead (4-8 November 2024)

πŸ”ΉBursa Malaysia is anticipated to trade within a narrow range of 1,625 to 1,630 next week as global markets brace for two major events: the U.S. presidential election on November 5 and the Federal Open Market Committee (FOMC) meeting on November 6–7.

πŸ”ΉWhile the election outcome will likely shape U.S. market sentiment, we expect minimal direct impact on Malaysian markets, as local investors have largely taken a cautious stance.


πŸ”ΉConsequently, a wait-and-see approach may dominate trading, with investors in Malaysia watching Wall Street’s reaction closely and considering the implications for U.S. economic policy.

#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
πŸ‘2
UOBKH Singapore Retail Market Monitor
4 November 2024

Short Term Opportunity:
1) SATS (SGX: S58)
Technical BUY range : S$3.95-3.96
Last: S$3.97
TP: S$4.30
SL: S$3.85

2) Top Glove Corp (SGX: BVA)
Trading buy range: S$0.320-0.325
Last: S$0.325
TP: S$0.365
SL: S$0.310

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