Can Trump Reverse the Market Slide?

In this week's market update, we explore how quickly sentiment can shift. We also dive into gold’s parabolic surge and correction, Trump’s influence on Fed policy, and what impact does the recent comments from Trump and Treasury Secretary Scott Bessent mean for equities, rates, and future tax plans? Is this the turning point for markets, or just a pause in the storm? Tune in for expert insights from Paul DeVierno!

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UTRADE Singapore

UOBKH Retail Market Monitor
24 April 2025

FBMKLCI: 1,501.19 (+14.94)
Support: 1,455, 1,433
Resistance: 1,537, 1,570

Bursa Top Gainers:
PCHEM (+7.1%), MRDIY (+3.7%), AXIATA (+3.6%)

Bursa Top Losers:
KLK (-0.40%)

Bursa Trade Statistics
Local Institutions (40.87%): -RM243.67m
Local Retail (19.18%): -RM23.52m
Foreign (39.95%): +RM267.19m

Global Equity Indexes
MSCI Asia : 182.47 (+3.18, +1.77%)
NASDAQ : 16,708.05 (+407.63, +2.50%)
S&P500 : 5,375.86 (+88.10, +1.67%)
DJIA : 39,606.57 (+419.59, +1.07%)

USD/MYR : 4.4010 (+0.0197)
SGD/MYR : 3.3435 (-0.0172)

Crude Oil : $62.32 (+0.05)
Gold : $3,331.34 (+43.00)

US stocks were higher after the close on Wednesday, as gains in the Technology, Consumer Services and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 1.07%, while the S&P 500 index added 1.67%, and the NASDAQ Composite index gained 2.50%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,033 to 769 and 39 ended unchanged; on the Nasdaq Stock Exchange, 2,418 rose and 890 declined, while 118 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) ALAQAR (KLSE: 5116)
Technical BUY on breakout (RM1.27) +43.9% potential return
* Last: RM1.26 TP: RM1.38, RM1.44 SL: RM1.19
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) ANINJOO (KLSE: 6556)
Technical BUY on breakout (RM0.72) with +18.8% potential return
* Last: RM0.675 TP: RM0.795, RM0.855 SL: RM0.62
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) ATAIMS (KLSE: 8176)
Technical BUY on breakout (RM0.265) with +18.8% potential return
* Last: RM0.25 TP: RM0.325, RM0.365 SL: RM0.215
* 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

UOBKH Malaysia Trading Idea
24 April 2025
—
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
24 April 2025

Short Term Opportunity:
1) Frencken Group (SGX:E28)
Technical Buy range S$1.02-1.03
Last: S$1.05
TP: S$1.15
SL: S$0.97

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
24 April 2025

Short Term Opportunity:
1) Sands China Ltd.(HKEX: 1928)
Technical BUY range HK$13.70-13.80
Last: HK$13.62
TP: HK$14.50/HK$14.98
SL: HK$12.80

2) Wuxi Biologics (Cayman) Inc. (HKEX: 2269)
Technical BUY range HK$22.75-22.95
Last: HK$22.70
TP: HK$24.85/HK$26.55
SL: HK$21.15

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

LIVE WEBINAR - MARKET STRATEGY & STOCK PICK

Gloves and Tech: A Kaleidoscope Of Perceptions

📆 Saturday, 26 April 2025
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockPickApr25TG
__

Session 1 • Malaysian Gloves: A Kaleidoscope Of Perceptions?
Presented by Jack Goh, Research Analyst, UOB Kay Hian

Glove sector faces tariff uncertainty.Nevertheless, the sector’s core fundamentals remain solid as we anticipate sequential earnings growth driven by a full recapturing of US market share. More importantly, ytd retracement and bargain forward valuations are offering an attractive risk-reward balance.

Session 2 • Technology: Redefining Strategies in a ‘Tariff-ied’ Pandora’s Box
Presented by Desmond Chong, Head of Research, UOB Kay Hian

Discover selective tech opportunities—our presentation unpacks risk-reward dynamics, valuation catalysts, and stock-picking strategies.

__

#UOBKayHianEvents
#UOBKayHianMalaysia

CIO Series 22: Navigating Trade Turbulence with Insights from Japan

Amid the global trade turmoil, Japan likely has the best understanding of the issues at hand. US and Japan engaged in extensive trade disputes in the 1980s, which culminated in the 1985 Plaza Accord and significantly changed the global trade and currency systems. History doesn't repeat itself, but it often rhymes.

What lessons can we learn from Japan's experience, and how might they apply to the current US-China trade war?
How is Japan responding to Trump's tariffs now?
And what risks and opportunities lie in the Japanese stock market?

For our next CIO Series, we’ll speak with Daiwa Asset Management about their perspectives on the turbulence caused by Trump’s tariffs..

Participants can download the Microsoft Teams app to access the live caption translation feature.

🗓️ Monday, 28 Apr 2025
⏰ 6.30pm – 7.30pm
🗣️ English

🔗 REGISTER NOW!
https://bit.ly/4iiCiKz
__

#UOBKayHian
#UOBKayHianEvents
#CIOSeries
##

UOBKH Retail Market Monitor
25 April 2025

FBMKLCI: 1,506.52 (+5.33)
Support: 1,455, 1,433
Resistance: 1,537, 1,570

Bursa Top Gainers:
AXIATA (+1.9%), CIMB (+1.9%), SUNWAY (+1.8%)

Bursa Top Losers:
MRDIY (-1.8%), KLK (-1.7%), MISC (-1.1%)

Bursa Trade Statistics
Local Institutions (44.32%): -RM113.23m
Local Retail (18.28%): -RM32.48m
Foreign (37.40%): +RM145.71m

Global Equity Indexes
MSCI Asia : 182.36 (-0.12, -0.07%)
NASDAQ : 17,166.04(+457.99, +2.74%)
S&P500 : 5,484.77 (+108.91, +2.03%)
DJIA : 40,093.40 (+486.83, +1.23%)

USD/MYR : 4.4010 (-0.0267)
SGD/MYR : 3.3435 (-0.0172)

Crude Oil : $62.32 (+0.05)
Gold : $3,331.34 (-0.012)

U.S. stocks were higher after the close on Thursday, as gains in the Technology, Basic Materials and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 1.23%, while the S&P 500 index added 2.03%, and the NASDAQ Composite index gained 2.74%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2319 to 475 and 53 ended unchanged; on the Nasdaq Stock Exchange, 2490 rose and 830 declined, while 103 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) AEMULUS (KLSE: 0181)
Technical BUY with +37.2% potential return
* Last: RM0.215 TP: RM0.26, RM0.295 SL: RM0.18
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) ATECH (KLSE:5302 )
Technical BUY with +12.1% potential return
* Last: RM3.13 TP: RM3.28, RM3.51 SL: RM2.94
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) CYPARK (KLSE: 5184)
Technical BUY with +17.4% potential return
* Last: RM0.69 TP: RM0.76, RM0.81 SL: RM0.615
* 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

UOBKH Malaysia Trading Idea
25 April 2025
—
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
25 April 2025

Short Term Opportunity:
1) SGX (SGX:S68)
Technical Buy range S$14.20-14.23
Last: S$14.50
TP: S$14.50
SL: S$13.77

2) ST Engineering (SGX:S63)
Technical Buy range S$7.21-7.22
Last: S$7.32
TP: S$8.15
SL: S$6.94

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
25 April 2025

Short Term Opportunity:
1) **Shenzhou International Group Holdings Limited**(HKEX: 2313)
Technical BUY range HK$53.30-53.75
Last: HK$52.80
TP: HK$56.00/HK$60.00
SL: HK$51.00

2) Agricultural Bank of China Limited (HKEX: 1288)
Technical BUY range HK$4.75-4.78
Last: HK$4.75
TP: HK$4.99/HK$5.05
SL: HK$4.54

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

LIVE WEBINAR - MARKET STRATEGY & STOCK PICK

Gloves and Tech: A Kaleidoscope Of Perceptions

📆 Saturday, 26 April 2025
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockPickApr25TG
__

Session 1 • Malaysian Gloves: A Kaleidoscope Of Perceptions?
Presented by Jack Goh, Research Analyst, UOB Kay Hian

Glove sector faces tariff uncertainty.Nevertheless, the sector’s core fundamentals remain solid as we anticipate sequential earnings growth driven by a full recapturing of US market share. More importantly, ytd retracement and bargain forward valuations are offering an attractive risk-reward balance.

Session 2 • Technology: Redefining Strategies in a ‘Tariff-ied’ Pandora’s Box
Presented by Desmond Chong, Head of Research, UOB Kay Hian

Discover selective tech opportunities—our presentation unpacks risk-reward dynamics, valuation catalysts, and stock-picking strategies.

__

#UOBKayHianEvents
#UOBKayHianMalaysia