UOBKH Retail Market Monitor
4 June 2024

FBMKLCI: 1,596.68 (-7.58)
Support: 1,575, 1,562
Resistance: 1,612, 1,635

Bursa Top Gainers:
PETDAG (+2.0%), AXIATA (+1.1%), MISC (+0.72%)

Bursa Top Losers:
GENM (-5.4%), YTL (-5.0%), YTLPOWR (-3.2%)

Bursa Trade Statistics
Local Institutions (28.89%): +RM342.0m
Local Retail (13.74%): +RM147.0m
Foreign (57.38%): -RM489.0m

Global Equity Indexes
MSCI Asia : 176.82 (+0.15,+0.08%)
NASDAQ : 16,828.67 (+93.65, +0.56%)
S&P500 : 5,283.40 (+5.89,+0.11%)
DJIA : 38,571.03 (-115.29,-0.30%)

USD/MYR : 4.6820 (-0.0217)
SGD/MYR : 3.4808 (-0.0035)

Crude Oil : $74.07 (-3.62)
Gold : $2,351.47 (+7.97)


US stocks were mixed after the close on Monday, as gains in the Technology, Healthcare and Consumer Services sectors led shares higher while losses in the Oil & Gas, Utilities and Industrials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.30%, while the S&P 500 index gained 0.11%, and the NASDAQ Composite index climbed 0.56%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,556 to 1,291 and 64 ended unchanged; on the Nasdaq Stock Exchange, 1,779 fell and 1,584 advanced, while 128 ended unchanged. (Source: Investing.com)


Stocks To Watch:

1) HEXTECH (KLSE: 5136)
Technical BUY with +24.8% potential return
* Last: RM1.17 TP: RM1.34, RM1.46 SL: RM1.04
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) KPPPROP (KLSE: 7077)
Technical BUY on breakout (RM 0.86) with +15.7% potential return
* Last: RM0.85 TP: RM0.945, RM0.995 SL: RM0.795
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) LCTITAN (KLSE: 5284)
Technical BUY with +22.9% potential return
* Last: RM1.09 TP: RM1.22, RM1.34 SL: RM0.985
* Timeframe: 2 weeks to 2 months
* Shariah: YES

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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
4 June 2024

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Hong Kong Retail Market Monitor
4 June 2024

Short Term Opportunity:
1) China Conch Venture Holdings Limited (HKEX: 586)
Technical BUY range HK$ 6.30-6.40
Last: HK$ 6.35
TP: HK$ 6.75/ HK$ 7.00
SL: HK$ 6.05

2) Sino Land Company Limited (HKEX: 83)
Technical BUY range HK$ 8.52-8.61
Last: HK$ 8.57
TP: HK$ 8.80/ HK$ 9.15
SL: HK$ 8.38

Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
4 June 2024

Short Term Opportunity:
1) Thai Beverage (SGX: Y92)
Technical Buy range S$0.495-0.500
Last: S$ 0.500
TP: S$ 0.540
SL: S$ 0.485

Join UOB Kay Hian Malaysia's Official Telegram Channel
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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

Fundamental of Technical Analysis in Stock Trading

Presented by Fakhrul Asyraq
Investment Analyst, UOB Kay Hian

📅 Tuesday, 4 June 2024
⏰ 6.00pm – 8.00pm

Talk is in English and open to public.

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https://attendee.gotowebinar.com/regi.../1664828165938919767

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LIVE WEBINAR

Fundamental Analysis in Stock Trading

Presented by Jack Goh
Investment Analyst, UOB Kay Hian


📅 Tuesday, 11 June 2024
⏰ 6.00pm – 8.00pm

Talk is in English and open to public.

REGISTER NOW!
https://attendee.gotowebinar.com/register/8281200958732163420

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#UOBKayHianMalaysia
#UOBKayHian

👩🏻‍💻 UPCOMING WEBINAR.
Open to All.

Small/ Mid-Cap Trends - SG & HK Market

Our top picks, including a glove stock up 18%, showed positive returns. We'll highlight a semiconductor manufacturer and a consumer stock boosted by strong Chinese consumption. Selecting stocks with attractive valuations is key in a volatile market.

📅 Date: 4 June 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker:
1. John Cheong, Head of Retail Research, UOB Kay Hian Singapore
2. Curtis Yeung, Strategist, UOB Kay Hian Hong Kong

REGISTER NOW!
https://attendee.gotowebinar.com/register/6610322615664323415?source=my

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👩🏻‍💻 UPCOMING WEBINAR.
Open to All.

Unveiling Investment Opportunities: Navigating Today's Markets

Join our webinar to explore investment opportunities in Singapore, China/Hong Kong, and the booming semiconductor industry. Learn to use ChartGenie and moving averages to refine your strategies. Gain actionable insights to optimize your portfolio. Register now for a competitive edge in your financial journey!

📅 Date: 6 June 2024
🕔 Time: 3.00pm
👨Speaker: Ng Ee Hwa, Director, Chart Nexus


REGISTER NOW!
https://attendee.gotowebinar.com/register/7137881488810731871?source=my

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#UOBKayHianEvents

LIVE WEBINAR

Fundamental of Technical Analysis in Stock Trading

Presented by Fakhrul Asyraq
Investment Analyst, UOB Kay Hian

📅 Tuesday, 4 June 2024
⏰ 6.00pm – 8.00pm

Talk is in English and open to public.

REGISTER NOW!
https://attendee.gotowebinar.com/regi.../1664828165938919767

#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian

UOBKH Retail Market Monitor
5 June 2024

FBMKLCI: 1,615.40 (+18.72)
Support: 1,575, 1,562
Resistance: 1,612, 1,635

Bursa Top Gainers:
SIMEPLT (+4.7%), PMETAL (+4.1%), MISC (+3.1%)

Bursa Top Losers:
PETDAG (-2.2%), TENAGA (-0.46%), PETGAS (-0.22%)

Bursa Trade Statistics
Local Institutions (20.73%): -RM32.43m
Local Retail (39.72%): -RM221.23m
Foreign (39.55%): +RM253.66m

Global Equity Indexes
MSCI Asia : 180.24 (+3.42,+1.93%)
NASDAQ : 16,857.05 (+28.38, +0.17%)
S&P500 : 5,291.34 (+7.94,+0.15%)
DJIA : 38,711.29 (+140.26,+0.36%)

USD/MYR : 4.6988 (+0.0168)
SGD/MYR : 3.4808 (+0.0077)

Crude Oil : $73.05 (-1.02)
Gold : $2,329.12 (-22.35)


U.S. stocks were higher after the close on Tuesday, as gains in the Telecoms, Technology and Healthcare sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average rose 0.36%, while the S&P 500 index climbed 0.15%, and the NASDAQ Composite index added 0.15%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1839 to 1023 and 41 ended unchanged; on the Nasdaq Stock Exchange, 2299 fell and 1062 advanced, while 133 ended unchanged. (Source: Investing.com)


Stocks To Watch:

1) EVERGRN (KLSE: 5101)
Technical BUY with +17.9% potential return
* Last: RM0.335 TP: RM0.37, RM0.395 SL: RM0.295
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) RL (KLSE: 0219)
Technical BUY on breakout (RM 0.32) with +23.4% potential return
* Last: RM0.31 TP: RM0.375, RM0.395 SL: RM0.28
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) SWIFT (KLSE: 5303)
Technical BUY on breakout (RM 0.59) with +15.3% potential return
* Last: RM0.57 TP: RM0.645, RM0.68 SL: RM0.54
* 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
5 June 2024

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

Please join the third edition of our CIO Series.
Open to All.

CIO Series: Tactics for the Second Half of 2024

With the first half of 2024 wrapping up, it's time to prepare for the rest of the year. Join CIO Qi Wang in our next CIO Series webinar to discuss China's recovery, potential Fed rate cuts in September, and the November US election's effects on global markets.

📅 Date: 11 June 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Qi Wang, CIO, UOB Kay Hian

REGISTER NOW!
https://attendee.gotowebinar.com/register/8739433427421971548?source=my

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#CIOSeries
#UOBKayHianEvents

👩🏻‍💻 UPCOMING WEBINAR.
Open to All.

Greater China 2H24 Strategy - Further Re-rating on Policy Clarity

MSCI China index may hit 11.5x by 3Q24 (index target of 70 pts), driven by clearer policies. The July 3rd Plenum may support property and local government debt. Geopolitical risks could rise before the US elections, making 3Q24 a potential peak despite a positive 2025 outlook. Preferred sectors are consumer discretionary, financials, industrials, IT, and materials. Join Mun Hon's 2H24 Greater China Strategy webinar for insights.

📅 Date: 13 June 2024
🕔 Time: 6.30pm to 7.30pm
👨Speaker: Tham Mun Hon, Head of Research, Greater China, UOB Kay Hian


REGISTER NOW!
https://attendee.gotowebinar.com/register/6144695938132817493?source=my

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UOBKH Singapore Retail Market Monitor
5 June 2024

Short Term Opportunity:
1) Riverstone Holdings (SGX: AP4)
Technical Buy range S$0.905-0.910
Last: S$ 0.920
TP: S$ 1.000
SL: S$ 0.870

2) Medtecs international (SGX: 546)
Technical Buy range S$0.150-0.151
Last: S$ 0.152
TP: S$ 0.173
SL: S$ 0.144


Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
5 June 2024

Short Term Opportunity:
1) China Suntien Green Energy Corporation Limited (HKEX: 956)
Technical BUY range HK$ 3.90-3.93
Last: HK$ 3.90
TP: HK$ 4.10/ HK$ 4.23
SL: HK$ 3.75

2) CSPC Pharmaceutical Group Limited (HKEX: 1093)
Technical BUY range HK$ 7.00-7.05
Last: HK$ 6.91
TP: HK$ 7.15/ HK$ 7.40
SL: HK$ 6.88

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

UOBKH Retail Market Monitor
6 June 2024

FBMKLCI: 1,608.53 (-6.87)
Support: 1,575, 1,562
Resistance: 1,612, 1,635

Bursa Top Gainers:
TENAGA (+2.2%), QL (+1.1%), CDB (+0.52%)

Bursa Top Losers:
NESTLE (-2.9%), PETDAG (-2.5%), AXIATA (-2.4%)

Bursa Trade Statistics
Local Institutions (42.40%): +RM70.66m
Local Retail (22.16%): -RM1.57m
Foreign (35.44%): -RM69.09m

Global Equity Indexes
MSCI Asia : 178.75 (-1.49,-0.83%)
NASDAQ : 17,187.91 (+330.86, +1.95%)
S&P500 : 5,354.03 (+62.69,+1.18%)
DJIA : 38,807.33 (+96.04,+0.25%)

USD/MYR : 4.700 (+0.0012)
SGD/MYR : 3.4885 (+0.0077)

Crude Oil : $74.52 (+1.47)
Gold : $2,355.14 (+26.02)


US stocks were higher after the close on Wednesday, as gains in the Technology, Industrials and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.25%, while the S&P 500 index gained 1.18%, and the NASDAQ Composite index gained 1.95%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1,893 to 941 and 93 ended unchanged; on the Nasdaq Stock Exchange, 2,129 rose and 1,241 declined, while 122 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) GENETEC (KLSE: 0104)
Technical BUY with +14.5% potential return
* Last: RM2.35 TP: RM2.59, RM2.68 SL: RM2.13
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) HEVEA (KLSE: 5095)
Technical BUY on breakout (RM 0.37) with +20.3% potential return
* Last: RM0.365 TP: RM0.405, RM0.445 SL: RM0.33
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) MELEWAR (KLSE: 3778)
Technical BUY with +27.8% potential return
* Last: RM0.27 TP: RM0.31, RM0.345 SL: RM0.23
* 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
6 June 2024

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

Is the U.S. heading towards a Severe Recession given that Rate Cuts are Coming? 💰📉

Join Paul DeVierno to explore if the U.S. is facing a severe recession as the Fed prepares to cut rates. What does this mean for investors? Watch to find out! 📊

Click the link to watch: https://www.facebook.com/share/v/cYhep8DpCS5qTNgN/

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UOBKH Hong Kong Retail Market Monitor
6 June 2024

Short Term Opportunity:
1) Kingdee International Software group Company Limited (HKEX: 268)
Technical BUY range HK$ 8.35-8.45
Last: HK$ 8.15
TP: HK$ 9.00/ HK$ 9.42
SL: HK$ 8.10

2) NetEase, Inc (HKEX: 9999)
Technical BUY range HK$ 143.50-144.50
Last: HK$ 142.70
TP: HK$ 151.00/ HK$ 156.00
SL: HK$ 137.5

Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
6 June 2024

Short Term Opportunity:
1) Frencken Group (SGX: E28)
Technical Buy range S$1.49-1.50
Last: S$ 1.53
TP: S$ 1.67
SL: S$ 1.42

2) Parkway Life Real Estate Investment Trust (SGX: C2PU)
Technical Buy range S$3.62-3.63
Last: S$ 3.65
TP: S$ 3.89
SL: S$ 3.51

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