FBMKLCI Week Ahead (4-8 November 2024)
🔹Bursa 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.
🔹While 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.
🔹Consequently, 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
🔹Bursa 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.
🔹While 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.
🔹Consequently, 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
👍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
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
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
UOBKH Retail Market Monitor
5 November 2024
FBMKLCI: 1,613.43 (+12.45)
Support: 1,600, 1,575
Resistance: 1,625, 1,662
Bursa Top Gainers:
YTL (+4.0%), IOICORP (+3.4%), KLK (+2.8%)
Bursa Top Losers:
PBBANK (-0.9%), HLFG (-0.33%)
Bursa Trade Statistics
Local Institutions (36.78%): -RM79.86m
Local Retail (18.94%): RM-82.32 m
Foreign (44.28%): RM162.18m
Global Equity Indexes
MSCI Asia : 186.30 (1.21, 0.65%)
NASDAQ : 18,179.98 (-59.94, -0.33%)
S&P500 : 5,712.69 (-16.11, -0.28%)
DJIA : 41,794.60 (-257.59, -0.61%)
USD/MYR : 4.3755 (0.0005)
SGD/MYR : 3.3162 (0.0073)
Crude Oil : $71.47 (0.92)
Gold : $ 2,734.88 (-4.46)
US stocks were lower after the close on Monday, as losses in the Utilities, Healthcare and Telecoms sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.65%, while the S&P 500 index lost 0.32%, and the NASDAQ Composite index declined 0.32%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,577 to 1,217 and 48 ended unchanged; on the Nasdaq Stock Exchange, 1,675 fell and 1,599 advanced, while 79 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ANNJOO (KLSE: 6556)
Technical BUY with +20.4% potential return
** Last: RM0.905 TP: RM1.01, RM1.09 SL: RM0.815
** Timeframe: 2 weeks to 2 months
** Shariah: NO
2) MIKROMB (KLSE: 0112)
Technical BUY with +21.1% potential return
** Last: RM0.24 TP: RM0.33, RM0.345 SL: RM0.215
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) PWF (KLSE: 7134)
Technical BUY on breakout (RM0.92) with +10.9% potential return
** Last: RM0.895 TP: RM0.995, RM1.02 SL: RM0.855
** 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
5 November 2024
FBMKLCI: 1,613.43 (+12.45)
Support: 1,600, 1,575
Resistance: 1,625, 1,662
Bursa Top Gainers:
YTL (+4.0%), IOICORP (+3.4%), KLK (+2.8%)
Bursa Top Losers:
PBBANK (-0.9%), HLFG (-0.33%)
Bursa Trade Statistics
Local Institutions (36.78%): -RM79.86m
Local Retail (18.94%): RM-82.32 m
Foreign (44.28%): RM162.18m
Global Equity Indexes
MSCI Asia : 186.30 (1.21, 0.65%)
NASDAQ : 18,179.98 (-59.94, -0.33%)
S&P500 : 5,712.69 (-16.11, -0.28%)
DJIA : 41,794.60 (-257.59, -0.61%)
USD/MYR : 4.3755 (0.0005)
SGD/MYR : 3.3162 (0.0073)
Crude Oil : $71.47 (0.92)
Gold : $ 2,734.88 (-4.46)
US stocks were lower after the close on Monday, as losses in the Utilities, Healthcare and Telecoms sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.65%, while the S&P 500 index lost 0.32%, and the NASDAQ Composite index declined 0.32%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,577 to 1,217 and 48 ended unchanged; on the Nasdaq Stock Exchange, 1,675 fell and 1,599 advanced, while 79 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ANNJOO (KLSE: 6556)
Technical BUY with +20.4% potential return
** Last: RM0.905 TP: RM1.01, RM1.09 SL: RM0.815
** Timeframe: 2 weeks to 2 months
** Shariah: NO
2) MIKROMB (KLSE: 0112)
Technical BUY with +21.1% potential return
** Last: RM0.24 TP: RM0.33, RM0.345 SL: RM0.215
** Timeframe: 2 weeks to 2 months
** Shariah: YES
3) PWF (KLSE: 7134)
Technical BUY on breakout (RM0.92) with +10.9% potential return
** Last: RM0.895 TP: RM0.995, RM1.02 SL: RM0.855
** 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
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UOBKH Malaysia Trading Idea
5 November 2024
_
Follow our official UOB Kay Hian Instagram page for event and promotional updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
5 November 2024
_
Follow our official UOB Kay Hian Instagram page for event and promotional updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
UOBKH Singapore Retail Market Monitor
5 November 2024
Short Term Opportunity:
1) YZJ Fin Hldg (SGX: YF8)
Technical BUY range : S$0.395-0.400
Last: S$0.405
TP: S$0.445
SL: S$0.380
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
5 November 2024
Short Term Opportunity:
1) YZJ Fin Hldg (SGX: YF8)
Technical BUY range : S$0.395-0.400
Last: S$0.405
TP: S$0.445
SL: S$0.380
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
INVITATION TO U.S. ELECTION RESULT LIVE DISCUSSION
The US election result could be a game changer not just in the US market but other global markets. Join our experts as they discuss the the result and how to best fine-tune your investment strategies moving forward.
CIO Series 15: Is the US Election a Turning Point for Global Markets?
📅 Date: Thursday, 7 Nov 2024
🕔 Time:11.00am – 12.00pm (Malaysia Time)
📈 Mode: Online Webinar
🗣️ Language: English
REGISTER FOR THIS LIVE DISCUSSION!
https://attendee.gotowebinar.com/register/7650389154873337944?source=MY
🔹Speakers:
(1) Qi Wang, Chief Investment Officer UOB Kay Hian Singapore
(2) Paul DeVierno, US Strategist UOB Kay Hian Singapore
#UOBKayHianMalaysia
#CIOSeries
##
The US election result could be a game changer not just in the US market but other global markets. Join our experts as they discuss the the result and how to best fine-tune your investment strategies moving forward.
CIO Series 15: Is the US Election a Turning Point for Global Markets?
📅 Date: Thursday, 7 Nov 2024
🕔 Time:11.00am – 12.00pm (Malaysia Time)
📈 Mode: Online Webinar
🗣️ Language: English
REGISTER FOR THIS LIVE DISCUSSION!
https://attendee.gotowebinar.com/register/7650389154873337944?source=MY
🔹Speakers:
(1) Qi Wang, Chief Investment Officer UOB Kay Hian Singapore
(2) Paul DeVierno, US Strategist UOB Kay Hian Singapore
#UOBKayHianMalaysia
#CIOSeries
##
👍1
UOBKH Hong Kong Retail Market Monitor
5 November 2024
Short Term Opportunity:
1) Kuaishou Technology (HKEX:1024)
Technical BUY range : HK$48.50-49.00
Last: HK$48.20
TP: HK$52.25/HK$54.75
SL: Breaks below HK$45.20
2) Yum China Holdings, Inc. (HKEX: 9987)
Trading buy range: HK$355.00-360.00
Last: HK$360.60
TP: HK$379.00/HK$386.00
SL: Breaks below HK$337.00
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
5 November 2024
Short Term Opportunity:
1) Kuaishou Technology (HKEX:1024)
Technical BUY range : HK$48.50-49.00
Last: HK$48.20
TP: HK$52.25/HK$54.75
SL: Breaks below HK$45.20
2) Yum China Holdings, Inc. (HKEX: 9987)
Trading buy range: HK$355.00-360.00
Last: HK$360.60
TP: HK$379.00/HK$386.00
SL: Breaks below HK$337.00
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
U.S. POST-ELECTION LIVE DISCUSSION
CIO Series 15: Is the US Election a Turning Point for Global Markets?
Date: Thursday, 7 Nov 2024
Time: 11.00am – 12.00pm (Malaysia Time)
Language: English
REGISTER NOW!
https://attendee.gotowebinar.com/register/7650389154873337944?source=MY
Speakers:
Qi Wang, Chief Investment Officer
UOB Kay Hian Singapore
Paul DeVierno, US Strategist
UOB Kay Hian Singapore
The US election on 5 November should reveal its results and market response by 7 November.
BE THE FIRST TO KNOW if this will be a turning point in global financial markets and how to adapt your investment strategies for the US, China and other markets.
Join us this Thursday, 7 November at 11am Malaysia Time for a timely and interactive discussion with our US Strategist Paul DeVierno and CIO Qi Wang. The session will include a concise presentation followed by Q&A.
##
CIO Series 15: Is the US Election a Turning Point for Global Markets?
Date: Thursday, 7 Nov 2024
Time: 11.00am – 12.00pm (Malaysia Time)
Language: English
REGISTER NOW!
https://attendee.gotowebinar.com/register/7650389154873337944?source=MY
Speakers:
Qi Wang, Chief Investment Officer
UOB Kay Hian Singapore
Paul DeVierno, US Strategist
UOB Kay Hian Singapore
The US election on 5 November should reveal its results and market response by 7 November.
BE THE FIRST TO KNOW if this will be a turning point in global financial markets and how to adapt your investment strategies for the US, China and other markets.
Join us this Thursday, 7 November at 11am Malaysia Time for a timely and interactive discussion with our US Strategist Paul DeVierno and CIO Qi Wang. The session will include a concise presentation followed by Q&A.
##