UOBKH Retail Market Monitor
14 May 2024
FBMKLCI: 1,602.91 (+2.24)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
GENTING (+4.6%), GENM (+3.4%), AXIATA (+1.1%)
Bursa Top Losers:
MRDIY (-1.7%), YTLPOWR (-1.0%), CDB (-0.73%)
Bursa Trade Statistics
Local Institutions (48.86%): -RM24.21m
Local Retail (25.97%): -RM3.26m
Foreign (25.17%): +RM27.47m
Global Equity Indexes
MSCI Asia : 178.18 (+0.63,+0.35%)
NASDAQ : 16,388.24 (+47.37, +0.29%)
S&P500 : 5,221.42 (-1.26,-0.02%)
DJIA : 39,431.51 (-81.33,-0.21%)
USD/MYR : 4.7325 (-0.009)
SGD/MYR : 3.4969 (-0.0027)
Crude Oil : $79.28 (+1.21)
Gold : $2,339.00 (-23.7)
US stocks were mixed after the close on Monday, as gains in the Consumer Goods, Technology and Telecoms sectors led shares higher while losses in the Industrials, Financials and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.21%, while the S&P 500 index declined 0.02%, and the NASDAQ Composite index climbed 0.29%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,430 to 1,413 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1,727 rose and 1,635 declined, while 128 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ANNJOO (KLSE: 6556)
Technical BUY with +15.3% potential return
* Last: RM1.18 TP: RM1.26, RM1.36 SL: RM1.09
* Timeframe: 2 weeks to 2 months
* Shariah: NO
2) HUPSENG (KLSE: 5024)
Technical BUY with +18.9% potential return
* Last: RM0.875 TP: RM0.995, RM1.04 SL: RM0.795
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MYNEWS (KLSE: 5275)
Technical BUY with +26.6% potential return
* Last: RM0.545 TP: RM0.615, RM0.69 SL: RM0.495
* 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
14 May 2024
FBMKLCI: 1,602.91 (+2.24)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
GENTING (+4.6%), GENM (+3.4%), AXIATA (+1.1%)
Bursa Top Losers:
MRDIY (-1.7%), YTLPOWR (-1.0%), CDB (-0.73%)
Bursa Trade Statistics
Local Institutions (48.86%): -RM24.21m
Local Retail (25.97%): -RM3.26m
Foreign (25.17%): +RM27.47m
Global Equity Indexes
MSCI Asia : 178.18 (+0.63,+0.35%)
NASDAQ : 16,388.24 (+47.37, +0.29%)
S&P500 : 5,221.42 (-1.26,-0.02%)
DJIA : 39,431.51 (-81.33,-0.21%)
USD/MYR : 4.7325 (-0.009)
SGD/MYR : 3.4969 (-0.0027)
Crude Oil : $79.28 (+1.21)
Gold : $2,339.00 (-23.7)
US stocks were mixed after the close on Monday, as gains in the Consumer Goods, Technology and Telecoms sectors led shares higher while losses in the Industrials, Financials and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.21%, while the S&P 500 index declined 0.02%, and the NASDAQ Composite index climbed 0.29%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,430 to 1,413 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1,727 rose and 1,635 declined, while 128 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ANNJOO (KLSE: 6556)
Technical BUY with +15.3% potential return
* Last: RM1.18 TP: RM1.26, RM1.36 SL: RM1.09
* Timeframe: 2 weeks to 2 months
* Shariah: NO
2) HUPSENG (KLSE: 5024)
Technical BUY with +18.9% potential return
* Last: RM0.875 TP: RM0.995, RM1.04 SL: RM0.795
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MYNEWS (KLSE: 5275)
Technical BUY with +26.6% potential return
* Last: RM0.545 TP: RM0.615, RM0.69 SL: RM0.495
* Timeframe: 2 weeks to 2 months
* Shariah: NO
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
Telegram
UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
Link in bio
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UOBKH Hong Kong Retail Market Monitor
14 May 2024
Short Term Opportunity:
1) Zhuzhou CRRC Times Electric Co. Ltd. (HKEX: 3898)
Technical BUY range HK$ 31.65-32.20
Last: HK$ 32.00
TP: HK$ 34.40/ HK$ 35.30
SL: HK$ 29.60
2) SJM Holdings Limited (HKEX: 880)
Technical BUY range HK$ 3.00-3.10
Last: HK$ 3.15
TP: HK$ 3.20/ HK$ 3.40
SL: HK$ 2.88
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
14 May 2024
Short Term Opportunity:
1) Zhuzhou CRRC Times Electric Co. Ltd. (HKEX: 3898)
Technical BUY range HK$ 31.65-32.20
Last: HK$ 32.00
TP: HK$ 34.40/ HK$ 35.30
SL: HK$ 29.60
2) SJM Holdings Limited (HKEX: 880)
Technical BUY range HK$ 3.00-3.10
Last: HK$ 3.15
TP: HK$ 3.20/ HK$ 3.40
SL: HK$ 2.88
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
UOBKH Singapore Retail Market Monitor
14 May 2024
Short Term Opportunity:
1) Riverstone Holdings (SGX: AP4)
Technical Buy range S$ 0.810-0.815
Last: S$ 0.860
TP: S$ 0.885
SL: S$ 0.790
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
14 May 2024
Short Term Opportunity:
1) Riverstone Holdings (SGX: AP4)
Technical Buy range S$ 0.810-0.815
Last: S$ 0.860
TP: S$ 0.885
SL: S$ 0.790
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
👏2
Standing by You: Your Trust Makes Us Stronger
We are deeply appreciative of the unwavering trust and support we receive from all of our valued clients and teams. This achievement marks a significant milestone for us and motivates us to continue providing the highest quality service in the years to come.
Thank you for choosing UOB Kay Hian.
It's a privilege to stand by your side.
Read more:
https://bit.ly/BursaAwards2023
__
#UOBKayHian
#UTRADE
#UTRADEMY
#BursaExcellenceAwards
#StandingByYou
We are deeply appreciative of the unwavering trust and support we receive from all of our valued clients and teams. This achievement marks a significant milestone for us and motivates us to continue providing the highest quality service in the years to come.
Thank you for choosing UOB Kay Hian.
It's a privilege to stand by your side.
Read more:
https://bit.ly/BursaAwards2023
__
#UOBKayHian
#UTRADE
#UTRADEMY
#BursaExcellenceAwards
#StandingByYou
👍2❤1
Forwarded from UOB Kay Hian Malaysia (Official)
Stock Trading Masterclass: Fundamental and Technical Analysis
Join our next education webinar with collaboration with Bursa Malaysia-i
ABOUT THIS MASTERCLASS
Masterclass in Fundamental Analysis | 9:30am – 12:30pm (3 Hours)
Presented by Jack Goh, Research Analyst, UOB Kay Hian
Language: English
Registration Link for Online Class FA: https://bit.ly/MasterclassFAMay2024
____
Masterclass in Technical Analysis | 2:00pm – 5:00pm (3 hours)
Presented by Fakhrul Asyraq, Investment Analyst, UOB Kay Hian
Language: Malay
Registration Link for Online Class TA: https://bit.ly/MasterclassTAMay2024
____
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
Join our next education webinar with collaboration with Bursa Malaysia-i
ABOUT THIS MASTERCLASS
Masterclass in Fundamental Analysis | 9:30am – 12:30pm (3 Hours)
Presented by Jack Goh, Research Analyst, UOB Kay Hian
Language: English
Registration Link for Online Class FA: https://bit.ly/MasterclassFAMay2024
____
Masterclass in Technical Analysis | 2:00pm – 5:00pm (3 hours)
Presented by Fakhrul Asyraq, Investment Analyst, UOB Kay Hian
Language: Malay
Registration Link for Online Class TA: https://bit.ly/MasterclassTAMay2024
____
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
Wall Street & The White House
Election-Year Key Updates by UOB Kay Hian
Follow UOB Kay Hian's key updates on election-year impact to US market performance. Discover opinionated insights, informative articles, and key updates on the upcoming US Presidential Election 2024 in November.
Bookmark this link. Keep it handy.
https://bit.ly/WallStreetAndTheWhiteHouse
_
#UOBKayHian
#WallStreetAndTheWhiteHouse
#ElectionAnalysis
#USElections
#USPolitics
#PoliticalInsights
Election-Year Key Updates by UOB Kay Hian
Follow UOB Kay Hian's key updates on election-year impact to US market performance. Discover opinionated insights, informative articles, and key updates on the upcoming US Presidential Election 2024 in November.
Bookmark this link. Keep it handy.
https://bit.ly/WallStreetAndTheWhiteHouse
_
#UOBKayHian
#WallStreetAndTheWhiteHouse
#ElectionAnalysis
#USElections
#USPolitics
#PoliticalInsights
👍2
Please join the second edition of our CIO Series.
Open to All.
De-mystifying China’s Domestic Travel Boom
China’s domestic tourism has been exceptionally strong since the reopening, with tourism spending up 140% in 2023 and up another 22% estimated for 2024. Is this just a one-time boost from pent-up demand, or is it something more sustainable? In this session, our CIO, Qi Wang, will explain the structural changes will continue to drive strong secular growth in Chinese tourism, along with stock picks. There will be also be an update on US and China markets and our outlook for the remainder of the year.
📅 Date: 16 May 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Qi Wang, CIO, UOB Kay Hian
REGISTER NOW!
https://attendee.gotowebinar.com/register/4424834351308021845?source=my
#UOBKayHian
#CIOSeries
Open to All.
De-mystifying China’s Domestic Travel Boom
China’s domestic tourism has been exceptionally strong since the reopening, with tourism spending up 140% in 2023 and up another 22% estimated for 2024. Is this just a one-time boost from pent-up demand, or is it something more sustainable? In this session, our CIO, Qi Wang, will explain the structural changes will continue to drive strong secular growth in Chinese tourism, along with stock picks. There will be also be an update on US and China markets and our outlook for the remainder of the year.
📅 Date: 16 May 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Qi Wang, CIO, UOB Kay Hian
REGISTER NOW!
https://attendee.gotowebinar.com/register/4424834351308021845?source=my
#UOBKayHian
#CIOSeries
❤1👍1
UOBKH Retail Market Monitor
15 May 2024
FBMKLCI: 1,605.88 (+2.97)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
YTL (+3.8%), YTLPOWR (+2.4%), MAXIS (+1.4%)
Bursa Top Losers:
PETDAG (-1.6%), GENTING (-1.3%), HLFG (-1.2%)
Bursa Trade Statistics
Local Institutions (46.30%): -RM90.00m
Local Retail (24.63%): -RM2.93m
Foreign (29.07%): +RM92.93m
Global Equity Indexes
MSCI Asia : 178.18 (No changes)
NASDAQ : 16,511.18 (+122.94, +0.75%)
S&P500 : 5,246.68 (+25.26,+0.48%)
DJIA : 39,558.11 (+126.60,+0.32%)
USD/MYR : 4.7073 (-0.0252)
SGD/MYR : 3.4826 (-0.0143)
Crude Oil : $78.39 (-0.89)
Gold : $2,356.40 (+17.00)
US stocks were higher after the close on Tuesday, as gains in the Technology, Financials and Consumer Goods sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.32% to hit a new 1-month high, while the S&P 500 index climbed 0.48%, and the NASDAQ Composite index added 0.75%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,931 to 911 and 63 ended unchanged; on the Nasdaq Stock Exchange, 2,125 rose and 1,244 declined, while 117 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AEMULUS (KLSE: 0181)
Technical BUY with +35.6% potential return
* Last: RM0.365 TP: RM0.445, RM0.495 SL: RM0.315
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) BTECH (KLSE: 0011)
Technical BUY on breakout (RM 0.355) with +25.4% potential return
* Last: RM0.345 TP: RM0.425, RM0.445 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CHINWELL (KLSE: 5007)
Technical BUY on breakout (RM1.26) with +17.5% potential return
* Last: RM1.24 TP: RM1.39, RM1.48 SL: RM1.18
* 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
15 May 2024
FBMKLCI: 1,605.88 (+2.97)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
YTL (+3.8%), YTLPOWR (+2.4%), MAXIS (+1.4%)
Bursa Top Losers:
PETDAG (-1.6%), GENTING (-1.3%), HLFG (-1.2%)
Bursa Trade Statistics
Local Institutions (46.30%): -RM90.00m
Local Retail (24.63%): -RM2.93m
Foreign (29.07%): +RM92.93m
Global Equity Indexes
MSCI Asia : 178.18 (No changes)
NASDAQ : 16,511.18 (+122.94, +0.75%)
S&P500 : 5,246.68 (+25.26,+0.48%)
DJIA : 39,558.11 (+126.60,+0.32%)
USD/MYR : 4.7073 (-0.0252)
SGD/MYR : 3.4826 (-0.0143)
Crude Oil : $78.39 (-0.89)
Gold : $2,356.40 (+17.00)
US stocks were higher after the close on Tuesday, as gains in the Technology, Financials and Consumer Goods sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average added 0.32% to hit a new 1-month high, while the S&P 500 index climbed 0.48%, and the NASDAQ Composite index added 0.75%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,931 to 911 and 63 ended unchanged; on the Nasdaq Stock Exchange, 2,125 rose and 1,244 declined, while 117 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) AEMULUS (KLSE: 0181)
Technical BUY with +35.6% potential return
* Last: RM0.365 TP: RM0.445, RM0.495 SL: RM0.315
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) BTECH (KLSE: 0011)
Technical BUY on breakout (RM 0.355) with +25.4% potential return
* Last: RM0.345 TP: RM0.425, RM0.445 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) CHINWELL (KLSE: 5007)
Technical BUY on breakout (RM1.26) with +17.5% potential return
* Last: RM1.24 TP: RM1.39, RM1.48 SL: RM1.18
* 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
Bersama InvestSmart®@Johor 2024
Bijak Labur Hidup Makmur
The annual flagship investor education event Bersama InvestSmart® by Securities Commission Malaysia is back again.
If you are looking for financial and retirement planning, wish to know more about wealth generation, wealth protection or wealth preservation, learn how to invest in legitimate investment products, or get up to speed with investment scams and fraud in Malaysia, this is one event you must not miss!
Visit the UOB Kay Hian Booth No. 22 and 23 for Account Opening Promotion, freebies and more...
See you there from Friday, 17 May to Sunday, 19 May 2024.
__
📆 Date: 17 – 19 May 2024
⏰ Time: 10:00 am onwards
📌 Venue: MVEC, The Mall, Mid Valley Southkey, Johor Bahru.
This event is open to the public and admission is FREE.
__
#UOBKayHian
#UTRADE
#UTRADEMY
#BersamaInvestSmart
#InvestSmart
#BijakLaburHidupMakmur
Bijak Labur Hidup Makmur
The annual flagship investor education event Bersama InvestSmart® by Securities Commission Malaysia is back again.
If you are looking for financial and retirement planning, wish to know more about wealth generation, wealth protection or wealth preservation, learn how to invest in legitimate investment products, or get up to speed with investment scams and fraud in Malaysia, this is one event you must not miss!
Visit the UOB Kay Hian Booth No. 22 and 23 for Account Opening Promotion, freebies and more...
See you there from Friday, 17 May to Sunday, 19 May 2024.
__
📆 Date: 17 – 19 May 2024
⏰ Time: 10:00 am onwards
📌 Venue: MVEC, The Mall, Mid Valley Southkey, Johor Bahru.
This event is open to the public and admission is FREE.
__
#UOBKayHian
#UTRADE
#UTRADEMY
#BersamaInvestSmart
#InvestSmart
#BijakLaburHidupMakmur
👍3
Malaysia and US Equity Markets: Make Hay While The Sun Shines
📆 Saturday, 25 May 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMay2024TG
__
Session 1 • What's Ahead for US Equity Markets
Presented by Daniel Ang, CME Independent Educator
This webinar explores the potential impact of inflation on the Federal Reserve's monetary policy, specifically the possibility of delaying anticipated rate cuts. Join this free webinar and gain the confidence to navigate these dynamic market conditions!
Session 2 • Make Hay While The Sun Shines
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
While there could still be legs for the market euphoria, the newfound optimism could be tempered by potential value traps. Join us for the insight of a top-down foreign and local market analysis, where we will focus on risk-reward ratios, imminent rerating/derating catalysts and bottom-up stock picking.
__
#UOBKayHianEvents #UOBKayHianMalaysia
📆 Saturday, 25 May 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/StockpickMay2024TG
__
Session 1 • What's Ahead for US Equity Markets
Presented by Daniel Ang, CME Independent Educator
This webinar explores the potential impact of inflation on the Federal Reserve's monetary policy, specifically the possibility of delaying anticipated rate cuts. Join this free webinar and gain the confidence to navigate these dynamic market conditions!
Session 2 • Make Hay While The Sun Shines
Presented by Desmond Chong, Head of Research, UOB Kay Hian Malaysia
While there could still be legs for the market euphoria, the newfound optimism could be tempered by potential value traps. Join us for the insight of a top-down foreign and local market analysis, where we will focus on risk-reward ratios, imminent rerating/derating catalysts and bottom-up stock picking.
__
#UOBKayHianEvents #UOBKayHianMalaysia
UOBKH Retail Market Monitor
16 May 2024
FBMKLCI: 1,603.23 (-2.65)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
YTL (+3.1%), YTLPOWR (+2.0%), MRDIY (+1.1%)
Bursa Top Losers:
SIMEPLT (-2.4%), PCHEM (-2.3%), PPB (-1.2%)
Bursa Trade Statistics
Local Institutions (49.19%): -RM78.65m
Local Retail (24.41%): -RM221.33m
Foreign (26.40%): +RM299.98m
Global Equity Indexes
MSCI Asia : 178.49 (+0.31,+0.17%)
NASDAQ : 16,742.39 (+231.21, +1.40%)
S&P500 : 5,308.15 (+61.47,+1.17%)
DJIA : 39,908.00 (+349.89,+0.88%)
USD/MYR : 4.6777 (-0.0296)
SGD/MYR : 3.4824 (-0.0002)
Crude Oil : $79.04 (+0.65)
Gold : $2,393.91 (+37.51)
US stocks were higher after the close on Wednesday, as gains in the Technology, Healthcare and Utilities sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.88% to hit a new all time high, while the S&P 500 index added 1.17%, and the NASDAQ Composite index climbed 1.40%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,982 to 903 and 43 ended unchanged; on the Nasdaq Stock Exchange, 1,932 rose and 1,419 declined, while 141 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) EFORCE (KLSE: 0065)
Technical BUY with +15.6% potential return
* Last: RM0.385 TP: RM0.43, RM0.445 SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) GREATEC (KLSE: 0208)
Technical BUY with +7.8% potential return
* Last: RM4.72 TP: RM4.93, RM5.09 SL: RM4.41
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MGB (KLSE: 7595)
Technical BUY with +20.6% potential return
* Last: RM0.825 TP: RM0.945, RM0.995 SL: RM0.76
* 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
16 May 2024
FBMKLCI: 1,603.23 (-2.65)
Support: 1,575, 1,560
Resistance: 1,614, 1,635
Bursa Top Gainers:
YTL (+3.1%), YTLPOWR (+2.0%), MRDIY (+1.1%)
Bursa Top Losers:
SIMEPLT (-2.4%), PCHEM (-2.3%), PPB (-1.2%)
Bursa Trade Statistics
Local Institutions (49.19%): -RM78.65m
Local Retail (24.41%): -RM221.33m
Foreign (26.40%): +RM299.98m
Global Equity Indexes
MSCI Asia : 178.49 (+0.31,+0.17%)
NASDAQ : 16,742.39 (+231.21, +1.40%)
S&P500 : 5,308.15 (+61.47,+1.17%)
DJIA : 39,908.00 (+349.89,+0.88%)
USD/MYR : 4.6777 (-0.0296)
SGD/MYR : 3.4824 (-0.0002)
Crude Oil : $79.04 (+0.65)
Gold : $2,393.91 (+37.51)
US stocks were higher after the close on Wednesday, as gains in the Technology, Healthcare and Utilities sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.88% to hit a new all time high, while the S&P 500 index added 1.17%, and the NASDAQ Composite index climbed 1.40%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,982 to 903 and 43 ended unchanged; on the Nasdaq Stock Exchange, 1,932 rose and 1,419 declined, while 141 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) EFORCE (KLSE: 0065)
Technical BUY with +15.6% potential return
* Last: RM0.385 TP: RM0.43, RM0.445 SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) GREATEC (KLSE: 0208)
Technical BUY with +7.8% potential return
* Last: RM4.72 TP: RM4.93, RM5.09 SL: RM4.41
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MGB (KLSE: 7595)
Technical BUY with +20.6% potential return
* Last: RM0.825 TP: RM0.945, RM0.995 SL: RM0.76
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
https://t.me/UOBKayHianMalaysia
Disclaimer:
This material is a service for investors and does not represent a buy or sell call. Usage of this information is at your own risk. You are advised to conduct your own independent evaluation, due diligence and risk assessment before investing. We accept no liability whatsoever for any direct or consequential loss arising from any use of this information.
For the full research report, please log in to www.utrade.com.my
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UOB Kay Hian Malaysia (Official)
Daily local, regional and global stock trading and wealth building investment ideas.
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UOBKH Singapore Retail Market Monitor
16 May 2024
Short Term Opportunity:
1) Raffles Medical Group (SGX: BSL)
Technical Buy range S$ 1.01-1.02
Last: S$ 1.03
TP: S$ 1.12
SL: S$ 1.00
2) ThaiBev (SGX: Y92)
Technical Buy range S$ 0.490-0.495
Last: S$ 0.500
TP: S$ 0.535
SL: S$ 0.480
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
16 May 2024
Short Term Opportunity:
1) Raffles Medical Group (SGX: BSL)
Technical Buy range S$ 1.01-1.02
Last: S$ 1.03
TP: S$ 1.12
SL: S$ 1.00
2) ThaiBev (SGX: Y92)
Technical Buy range S$ 0.490-0.495
Last: S$ 0.500
TP: S$ 0.535
SL: S$ 0.480
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 Hong Kong Retail Market Monitor
16 May 2024
Short Term Opportunity:
1) ZTO Express (Cayman) Inc (HKEX: 2057)
Technical BUY range HK$ 171.00-174.50
Last: HK$ 173.60
TP: HK$ 179.00/ HK$ 187.00
SL: HK$ 166.50
2) Sunny Optical Technology (Group) Company Limited (HKEX: 2382)
Technical BUY range HK$ 44.00-45.00
Last: HK$ 42.80
TP: HK$ 46.25/ HK$ 55.00
SL: HK$ 38.00
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
16 May 2024
Short Term Opportunity:
1) ZTO Express (Cayman) Inc (HKEX: 2057)
Technical BUY range HK$ 171.00-174.50
Last: HK$ 173.60
TP: HK$ 179.00/ HK$ 187.00
SL: HK$ 166.50
2) Sunny Optical Technology (Group) Company Limited (HKEX: 2382)
Technical BUY range HK$ 44.00-45.00
Last: HK$ 42.80
TP: HK$ 46.25/ HK$ 55.00
SL: HK$ 38.00
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
Forwarded from UOB Kay Hian Malaysia (Official)
Please join the second edition of our CIO Series.
Open to All.
De-mystifying China’s Domestic Travel Boom
China’s domestic tourism has been exceptionally strong since the reopening, with tourism spending up 140% in 2023 and up another 22% estimated for 2024. Is this just a one-time boost from pent-up demand, or is it something more sustainable? In this session, our CIO, Qi Wang, will explain the structural changes will continue to drive strong secular growth in Chinese tourism, along with stock picks. There will be also be an update on US and China markets and our outlook for the remainder of the year.
📅 Date: 16 May 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Qi Wang, CIO, UOB Kay Hian
REGISTER NOW!
https://attendee.gotowebinar.com/register/4424834351308021845?source=my
#UOBKayHian
#CIOSeries
Open to All.
De-mystifying China’s Domestic Travel Boom
China’s domestic tourism has been exceptionally strong since the reopening, with tourism spending up 140% in 2023 and up another 22% estimated for 2024. Is this just a one-time boost from pent-up demand, or is it something more sustainable? In this session, our CIO, Qi Wang, will explain the structural changes will continue to drive strong secular growth in Chinese tourism, along with stock picks. There will be also be an update on US and China markets and our outlook for the remainder of the year.
📅 Date: 16 May 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Qi Wang, CIO, UOB Kay Hian
REGISTER NOW!
https://attendee.gotowebinar.com/register/4424834351308021845?source=my
#UOBKayHian
#CIOSeries
👍2