How did the recent Producer Price Index (PPI) number affect the market?

Join Paul DeVierno as he discusses how the recent unfavourable PPI number has impacted the market and provides an update on the current status of the U.S. market. Watch now!

Click the link to watch: https://youtu.be/nXGqahQxciE

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UOBKH Retail Market Monitor
23 February 2024

FBMKLCI: 1,545.49 (-6.91)
Support: 1,521, 1,513
Resistance: 1,570, 1,586

Bursa Top Gainers:
KLK (+1.2%), PCHEM (+0.71%), MAXIS (+0.53%)

Bursa Top Losers:
YTL (-3.2%), YTLPOWR (-3.1%), PPB (-1.9%)

Bursa Trade Statistics
Local Institutions (45.6%): -RM72.0m
Local Retail (22.0%): +RM3.6m
Foreign (32.4%): +RM68.4m

Global Equity Indexes
MSCI Asia : 172.88 (+1.75, +1.02%)
NASDAQ : 16,041.62 (+460.75, +2.96%)
S&P500 : 5,087.03 (+105.23,+2.11%)
DJIA : 39,069.11 (+456.87,+1.18%)

USD/MYR : 4.7778 (-0.0142)
SGD/MYR : 3.5593(-0.0069)

Crude Oil : $78.29 (+0.15)
Gold : $2,025.68 (-0.41)

US stocks were higher after the close on Thursday, as gains in the Technology, Consumer Services and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 1.18% to hit a new all-time high, while the S&P 500 index added 2.11%, and the NASDAQ Composite index added 2.96%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,710 to 1,162 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1,740 fell and 1,676 advanced, while 116 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) BETA (KLSE: 0263)
Technical BUY on breakout (RM0.415) with +23.8% potential return
* Last: RM0.40 TP: RM0.475, RM0.51 SL: RM0.36
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) BIG (KLSE: 7005)
Technical BUY with +27.3% potential return
* Last: RM0.695 TP: RM0.82, RM0.885 SL: RM0.645
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) DCHCARE (KLSE: 0283)
Technical BUY on breakout (RM 0.355) with +33.8% potential return
* Last: RM0.325 TP: RM0.425, RM0.475 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: NO

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 - ENGLISH]

Unveiling the Evolving Trends in Property & Construction

🗓️: Saturday, 24 February 2024
⏰: 9:30am-11.30am

This FREE webinar is in English and open to public.

REGISTER NOW!
https://bit.ly/StockpickFeb2024TG
__
Session 1 • Unveiling Sustainable Trends in Property & Construction
Presented by Nazira Abdullah & Lucas Tan, Research Associate, UOB Kay Hian Malaysia

The recent rally in the property and construction sector, fueled by positive infrastructure developments such as the revival of sustainable projects like the KL-Singapore HSR, Johor's Special Economic Zone, and Forest City, appears to be sustainable.

Session 2 • Seizing Opportunities Amidst A Risk-On Environment; Strategic Selection Is Paramount
Presented by Desmond Chong, Head of Retail Research, UOB Kay Hian

Get ready to navigate the current market rally with confidence! While global economic factors paint a positive picture, smart selection is crucial to avoid hidden pitfalls.
__
#UOBKayHianEvents

UOBKH Hong Kong Retail Market Monitor
23 February 2024

Short Term Opportunity:
1) Tingyi (Cayman Islands) Holdings Corp (HKEX: 322)
Technical BUY range HK$ 8.00-8.23
Last: HK$ 8.23
TP: HK$ 8.80/ HK$ 9.50
SL: HK$ 7.50

2) BYD Electronic (International) Company Limited (HKEX: 285)
Technical BUY range HK$ 29.00-30.00
Last: HK$ 30.00
TP: HK$ 31.25/ HK$ 33.50
SL: HK$ 27.90

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 Singapore Retail Market Monitor
23 February 2024

Short Term Opportunity:
1) Thai Beverage (SGX: Y92)
Technical Buy range S$0.510-0.515
Last: S$ 0.520
TP: S$ 0.575
SL: S$ 0.495

2) Singapore Telecommunications (SGX: Z74)
Technical Buy range S$ 2.36-2.37
Last: S$ 2.39
TP: S$ 2.58
SL: S$ 2.28


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

Could Gavin Newsom potentially become the next President of the United States? 🇺🇲

Join Paul DeVierno as he explores whether Gavin Newson could be the next U.S. president and the growing speculation surrounding Biden's candidacy. 🗳️ Don't miss out and watch now!

Click the link to watch: https://fb.watch/qn_WIvw2DS/

Follow us on Facebook:
👉 UTRADE Singapore

[LIVE WEBINAR - ENGLISH]

Unveiling the Evolving Trends in Property & Construction

🗓️: Saturday, 24 February 2024
⏰: 9:30am-11.30am

This FREE webinar is in English and open to public.

REGISTER NOW!
https://bit.ly/StockpickFeb2024TG
__
Session 1 • Unveiling Sustainable Trends in Property & Construction
Presented by Nazira Abdullah & Lucas Tan, Research Associate, UOB Kay Hian Malaysia

The recent rally in the property and construction sector, fueled by positive infrastructure developments such as the revival of sustainable projects like the KL-Singapore HSR, Johor's Special Economic Zone, and Forest City, appears to be sustainable.

Session 2 • Seizing Opportunities Amidst A Risk-On Environment; Strategic Selection Is Paramount
Presented by Desmond Chong, Head of Retail Research, UOB Kay Hian

Get ready to navigate the current market rally with confidence! While global economic factors paint a positive picture, smart selection is crucial to avoid hidden pitfalls.
__
#UOBKayHianEvents

UOBKH Retail Market Monitor
26 February 2024

FBMKLCI: 1,549.11 (+3.62)
Support: 1,521, 1,513
Resistance: 1,570, 1,586

Bursa Top Gainers:
YTL (+14.9%), YTLPOWR (+6.4 %), SIME (+1.5%)

Bursa Top Losers:
GENTING (-2.4%), PCHEM (-2.1%), KLK (-1.7%)

Bursa Trade Statistics
Local Institutions (47.6%): -RM85.6m
Local Retail (23.0%): -RM86.7m
Foreign (29.4%): +RM172.3m

Global Equity Indexes
MSCI Asia : 173.01 (+0.13, +0.08%)
NASDAQ : 15,996.82 (-44.80, -0.28%)
S&P500 : 5,088.80 (+1.77, +0.03%)
DJIA : 39,131.53 (+62.42, +0.16%)

USD/MYR : 4.7750 (-0.0023)
SGD/MYR : 3.5541 (+0.0034)

Crude Oil : $ 76.41 (-1.88)
Gold : $ 2,032.08 (+6.4)

US stocks were mixed after the close on Friday, as gains in the Basic Materials, Industrials and Utilities sectors led shares higher while losses in the Oil & Gas, Technology and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average rose 0.16% to hit a new all-time high, while the S&P 500 index climbed 0.03%, and the NASDAQ Composite index lost 0.28%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,729 to 1,124 and 83 ended unchanged; on the Nasdaq Stock Exchange, 1,838 rose and 1,582 declined, while 118 ended unchanged. (Source: Investing.com)

Stocks To Watch:
1) EMCC (KLSE: 0286)
Technical BUY with +16.5% potential return
* Last: RM0.425 TP: RM0.465, RM0.495 SL: RM0.39
* Timeframe: 2 weeks to 2 months
* Shariah: NO

2) EVERGRN (KLSE: 5101)
Technical BUY on breakout (RM0.345) with +21.7% potential return
* Last: RM0.33 TP: RM0.395, RM0.42 SL: RM0.329
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) GENETEC (KLSE: 0104)
Technical BUY with +13.0% potential return
* Last: RM2.07 TP: RM2.23, RM2.34 SL: RM1.84
* 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
26 February 2024

#TradingIdea #UOBKayHian

LIVE WEBINAR

Fundamental of Technical Analysis in Stock Trading

Presented by Fakhrul Asyraq, Investment Analyst, UOB Kay Hian


📅 Tuesday, 5 March 2024
⏰ 6.00pm – 8.00pm

Talk is in English and open to public.

REGISTER NOW!
https://attendee.gotowebinar.com/register/5139481722291979095

#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian

UOBKH Singapore Retail Market Monitor
26 February 2024

Short Term Opportunity:
1) Riverstone Holdings (SGX: AP4)
Trading Buy range: S$0.735-0.740
Last: S$0.745
TP: S$0.810
SL: S$0.720

2) Yangzijiang Financial Holding (SGX: YF8)
Trading Buy range: S$0.320-0.325
Last: S$0.330
TP: S$0.355
SL: S$0.315

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 - CANTONESE

Unleashing the Potential of Gold Futures Investment in 2024

📅 Tuesday, 27 Feb 2024
⏰7:00pm – 8:00pm

This webinar will be hosted in Cantonese and open to the public.

Register Now!
https://register.gotowebinar.com/register/4694421406458105431?source=MY

__

This Webinar will delve into three hot topics for in-depth sharing and discussions.
1) Analyzing the changing trends and regional impacts of current geopolitical risks from various dimensions, including geopolitics, economic trade, and more.

2) Reviewing the reasons behind recent fluctuations in gold prices and analyzing the potential trends for gold this year, combined with the current global economic trends.

3) Expectations for interest rate cuts by the Federal Reserve, predicting the interest rate reduction schedule in 2024, and sharing investment opportunities and asset allocation strategies.

Speaker:
Mr.Pierce Tam
CME External Educator
__

#UOBKayHianEvents
#UOBKHHK

UOBKH Retail Market Monitor
27 February 2024

FBMKLCI: 1,547.60 (-1.51)
Support: 1,521, 1,513
Resistance: 1,570, 1,586

Bursa Top Gainers:
MRDIY (+2.6%), TM (+1.9 %), YTL (+1.2%)

Bursa Top Losers:
SIMEPLT (-4.5%), GENM (-1.7%), GENTING (-1.4%)

Bursa Trade Statistics
Local Institutions (45.5%): +RM83.0m
Local Retail (21.6%): -RM18.4m
Foreign (32.9%): -RM64.6m

Global Equity Indexes
MSCI Asia : 172.78 (-0.23, -0.13%)
NASDAQ : 15,976.25 (-20.57, -0.13%)
S&P500 : 5,069.53 (-19.27, -0.38%)
DJIA : 39,069.23 (-62.30, -0.16%)

USD/MYR : 4.7800 (+0.0027)
SGD/MYR : 3.5555 (+0.0014)

Crude Oil : $ 77.64 (+1.23)
Gold : $ 2,031.74 (-0.34)

US stocks were lower after the close on Monday, as losses in the Utilities, Telecoms and Basic Materials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.16%, while the S&P 500 index fell 0.38%, and the NASDAQ Composite index declined 0.13%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,733 to 1,151 and 63 ended unchanged; on the Nasdaq Stock Exchange, 1,922 rose and 1,504 declined, while 119 ended unchanged. (Source: Investing.com)

Stocks To Watch:
1) GTRONIC (KLSE: 7022)
Technical BUY on breakout (RM1.56) with +16.7% potential return
* Last: RM1.53 TP: RM1.69, RM1.82 SL: RM1.39
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) HWATAI (KLSE: 8478)
Technical BUY with +31.2% potential return
* Last: RM0.56 TP: RM0.63, RM0.735 SL: RM0.49
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) PEKAT (KLSE: 0233)
Technical BUY with 25.3% potential return
* Last: RM0.435 TP: RM0.505, RM0.545 SL: RM0.395
* 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
27 February 2024

#TradingIdea #UOBKayHian

UOBKH Singapore Retail Market Monitor
27 February 2024

Short Term Opportunity:
1) Venture Corp (SGX: V03)
Trading Buy range: S$13.85-13.87
Last: S$14.40
TP: S$14.94
SL: S$13.36

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
27 February 2024

Short Term Opportunity:
1) Zhuzhou CRRC Times Electric Co., Ltd. (HKEX: 3898)
Technical BUY Range HK$22.00-22.75
Last: HK$22.75
TP: HK$24.00/HK$26.90
SL: HK$20.00

2) China Mengniu Dairy Company Limited (HKEX: 2319)
Technical BUY Range HK$20.00-20.50
Last: HK$21.00
TP: HK$22.20/HK$24.00
SL: HK$18.00

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

UOBKH Retail Market Monitor
28 February 2024

FBMKLCI: 1,555.80 (+8.20)
Support: 1,521, 1,513
Resistance: 1,570, 1,586

Bursa Top Gainers:
YTL (+8.4%), AXIATA (+4.0 %), GENM (+2.8%)

Bursa Top Losers:
PCHEM (-0.72%), AMBANK (-0.23%), MISC (-0.13%)

Bursa Trade Statistics
Local Institutions (41.3%): -RM137.8m
Local Retail (21.6%): -RM51.9m
Foreign (37.0%): +RM189.7m

Global Equity Indexes
MSCI Asia : 173.26 (+0.48, +0.28%)
NASDAQ : 16,035.30 (+59.05, +0.37%)
S&P500 : 5,078.18 (+8.65, +0.17%)
DJIA : 38,972.41 (-96.82, -0.25%)

USD/MYR : 4.7575 (-0.0035)
SGD/MYR : 3.5396 (-0.0045)

Crude Oil : $ 78.47 (+0.83)
Gold : $ 2,030.60 (-1.14)

US stocks were mixed after the close on Tuesday, as gains in the Utilities, Telecoms and Consumer Services sectors led shares higher while losses in the Oil & Gas, Healthcare and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.25%, while the S&P 500 index climbed 0.17%, and the NASDAQ Composite index added 0.37%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,683 to 1,179 and 79 ended unchanged; on the Nasdaq Stock Exchange, 2,062 rose and 1,362 declined, while 122 ended unchanged. (Source: Investing.com)

Stocks To Watch:
1) BONIA (KLSE: 9288)
Technical BUY on breakout (RM1.76) with +13.1% potential return
* Last: RM1.74 TP: RM1.89, RM1.99 SL: RM1.67
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) HIAPTEK (KLSE: 5072)
Technical BUY with +23.1% potential return
* Last: RM0.39 TP: RM0.445, RM0.48 SL: RM0.345
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) WILLOW (KLSE: 0008)
Technical BUY with 23.6% potential return
* Last: RM0.36 TP: RM0.425, RM0.445 SL: RM0.335
* 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
28 February 2024

#TradingIdea #UOBKayHian #UOBKayHianMalaysia