UOBKH Retail Market Monitor
17 July 2024

FBMKLCI: 1,625.96 (-3.86)
Support: 1,600, 1,575
Resistance: 1,635, 1,650

Bursa Top Gainers:
MRDIY (+5.6%), GENTING (+1.3%), SDG (+1.2%)

Bursa Top Losers:
SIME (-3.3%), CDB (-2.2%), MAXIS (-1.7%)

Bursa Trade Statistics
Local Institutions (44.50%): -RM85.29m
Local Retail (21.93%): +RM21.31m
Foreign (33.57%): +RM63.98m

Global Equity Indexes
MSCI Asia : 187.55 (-0.42,-0.22%)
NASDAQ : 18,509.34 (+36.77, +0.20%)
S&P500 : 5,667.20 (+35.98,+0.64%)
DJIA : 40,954.48 (+742.76,+1.85%)

USD/MYR : 4.6768 (+0.0033)
SGD/MYR : 3.4789 (+0.0007)

Crude Oil : $80.67 (-1.13)
Gold : $2,472.14 (+50.27)

The Dow had its best day in more than a year Tuesday, closing at fresh record highs, underpinned by better-than-expected retail sales data and a slew of mostly upbeat quarterly earnings from corporates. The Dow Jones Industrial Average rose 742 points, or 1.9%, notching its best day since June 2023, to fresh all-time closing high of 40,954.48. The S&P 500 climbed 0.6% to a record of 5,666.98. The NASDAQ Composite rose 0.2%. (Source: Investing.com)

Stocks To Watch:

1) MGB (KLSE: 7595)
Technical BUY with +22.1% potential return
* Last: RM0.815 TP: RM0.93, RM0.995 SL: RM0.745
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) DANCO (KLSE: 5276)
Technical BUY on breakout (RM 0.51) with +26.5% potential return
* Last: RM0.495 TP: RM0.595, RM0.645 SL: RM0.465
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) TALIWRK (KLSE: 8524)
Technical BUY with +19.2% potential return
* Last: RM0.835 TP: RM0.945, RM0.995 SL: RM0.775
* 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
17 July 2024
___

Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOB Kay Hian Investment Carnival 2H24

Fundamental Analysis Masterclass

Presenter: Jack Goh, Research Analyst, UOB Kay Hian Malaysia

🗓️: Saturday, 20 Jul 2024
⏰: 9.30am – 12.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/7660912573495174997

When markets are falling left and right and stock counters that used to be on the pricey side can now be bought, how then do you choose which counters or sectors will have better bullish potentials, fundamentally speaking? Learn about Fundamental Analysis in Stock Trading from our best FA guru to get your answers. Join this approximately 3 hours online class and learn how to apply FA tips and tricks in your daily trading. Have questions during the class? Ask away. Decide to learn something new today.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

UOB Kay Hian Investment Carnival 2H24

Kelas Mahir Saham Analisis Teknikal

Presenter: Fakhrul Asyraq, Investment Analyst, UOB Kay Hian Malaysia

🗓️: Sabtu, 20 Jul 2024
⏰: 2.00pm – 5.00pm
Language: Bahasa

Register Now
https://attendee.gotowebinar.com/register/7172457831390577494

Jom ikuti kelas mahir saham dengan dengan hero analisis teknikal UOB Kay Hian, saudara Mohd Fakhrul Asyraq. Kelas lebih kurang 3 jam ini akan membawa anda untuk mendalami kaedah-kaedah perdagangan saham berasaskan analisis teknikal dari prinsip teras hinggalah ke peringkat mahir. Kaedah-kaedah ini boleh digunapakai dalam perdagangan saham Bursa Malaysia yang konvensional mahupun saham patuh Shariah. Kelas disampaikan dalam Bahasa Melayu dan menggunakan terminologi asal dalam Bahasa Inggeris untuk memudahkan pemahaman.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

UOBKH Hong Kong Retail Market Monitor
17 July 2024

Short Term Opportunity:
1) Sunny Optical Technology (Group) Company Limited (HKEX: 2382)
Technical BUY range HK$ 51.20-52.30
Last: HK$ 52.30
TP: HK$ 55.00/ HK$ 59.60
SL: HK$ 48.40

2) WH Group Limited (HKEX: 288)
Technical BUY range HK$ 5.32-5.39
Last: HK$ 5.39
TP: HK$ 5.60/ HK$ 5.90
SL: HK$ 5.14

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

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://attendee.gotowebinar.com/register/7660912573495174997

____

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://attendee.gotowebinar.com/register/7172457831390577494

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

#UOBKayHianEvents
#UOBKayHian
#UOBKayHianInvestmentCarnival

UOB Kay Hian Investment Carnival 2H24

CIO Series: Adapting Our China Strategy to the New Normal

Presenter: Qi Wang, Chief Investment Officer, UOB Kay Hian Singapore

🗓️: Thursday, 18 Jul 2024
⏰: 6.30pm – 7.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/8905698277303481431?source=my

Adapting Our China Strategy to the New Normal.
July is a critical month for Chinese equities, given the low base in macro data, the Third Plenum, and China A-share earnings. We’ll use these data points to formulate our views for the second half, and enhance our long-term investment strategy for China.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation

Is the Tech Rally Over? Which Sectors are now Taking the Lead? ⚙️😳

Join Paul DeVierno as he dives into the latest market trends and shift! Discover which sectors are emerging as the new market leaders and how Fed rate cuts and strong earning reports are shaping the market. Watch now! 📈

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

Follow us on Facebook:
UTRADE Singapore

UOBKH Retail Market Monitor
18 July 2024

FBMKLCI: 1,633.54 (+7.58)
Support: 1,610, 1,600
Resistance: 1,650, 1,677

Bursa Top Gainers:
MRDIY (+3.4%), CDB (+2.8%), KLK (+2.5%)

Bursa Top Losers:
YTL (-2.2%), HLBANK (-0.31%), NESTLE (-0.25%)

Bursa Trade Statistics
Local Institutions (48.94%): -RM70.36m
Local Retail (23.87%): -RM165.52m
Foreign (27.19%): +RM235.88m

Global Equity Indexes
MSCI Asia : 186.86 (-0.69,-0.37%)
NASDAQ : 17,996.93 (-512.41, -2.77%)
S&P500 : 5,588.27 (-78.93,-1.39%)
DJIA : 41,198.08 (+243.60,+0.59%)

USD/MYR : 4.6603 (-0.0165)
SGD/MYR : 3.4793 (+0.0004)

Crude Oil : $83.11 (+2.44)
Gold : $2,458.40 (-13.74)

Dow jumped Wednesday, led by financial and energy as the rotation away from tech was accelerated following an Nvidia-led retreat in tech on geopolitical jitters. The Dow Jones Industrial Average rose 243 points, or 0.6%, to another closing high of 41,198.08. While S&P 500 dropped 1.4%, and NASDAQ Composite slumped 2.8% and remain on course for its worst day since late 2022. (Source: Investing.com)

Stocks To Watch:

1) BIG (KLSE: 7005)
Technical BUY with +16.6% potential return
* Last: RM0.725 TP: RM0.82, RM0.845 SL: RM0.685
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) KRONO (KLSE: 0176)
Technical BUY on breakout (RM 0.445) with +16.9% potential return
* Last: RM0.42 TP: RM0.49, RM0.52 SL: RM0.385
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) MUHIBAH (KLSE: 5703)
Technical BUY with +19.6% potential return
* Last: RM0.995 TP: RM1.09, RM1.19 SL: RM0.92
* 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
18 July 2024
___

Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

Is the Tech Rally Over? Which Sectors are now Taking the Lead? ⚙️😳

Join Paul DeVierno as he dives into the latest market trends and shift! Discover which sectors are emerging as the new market leaders and how Fed rate cuts and strong earning reports are shaping the market. Watch now! 📈

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

Follow us on Facebook:
UTRADE Singapore

UOBKH Hong Kong Retail Market Monitor
18 July 2024

Short Term Opportunity:
1) China Tourism Group Duty Free Corporation Limited (HKEX: 1880)
Technical BUY range HK$ 55.50-56.75
Last: HK$ 57.00
TP: HK$ 63.20/ HK$ 67.35
SL: HK$ 53.50

2) Alibaba Health Information Technology Limited (HKEX: 241)
Technical BUY range HK$ 3.30-3.39
Last: HK$ 3.42
TP: HK$ 3.57/ HK$ 3.80
SL: HK$ 3.10

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

UOB Kay Hian Investment Carnival 2H24

CIO Series: Adapting Our China Strategy to the New Normal

Presenter: Qi Wang, Chief Investment Officer, UOB Kay Hian Singapore

🗓️: Thursday, 18 Jul 2024
⏰: 6.30pm – 7.30pm
Language: English

Register Now
https://attendee.gotowebinar.com/register/8905698277303481431?source=my

Adapting Our China Strategy to the New Normal.
July is a critical month for Chinese equities, given the low base in macro data, the Third Plenum, and China A-share earnings. We’ll use these data points to formulate our views for the second half, and enhance our long-term investment strategy for China.

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

Please feel free to forward this invitation
#UOBKayHianEvents
#UOBKayHian
#CIOSeries
#UOBKayHianInvestmentCarnival

UOBKH Singapore Retail Market Monitor
18 July 2024

Short Term Opportunity:
1) Singapore Tech Engineering (SGX: S63)
Technical Buy range S$ 4.38-4.39
Last: S$ 4.39
TP: S$ 4.73
SL: S$ 4.29

2) Riverstone Holdings (SGX: AP4)
Technical Buy range S$ 0.985-0.990
Last: S$ 0.995
TP: S$ 1.100
SL: S$ 0.950

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

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://attendee.gotowebinar.com/register/7660912573495174997

____

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://attendee.gotowebinar.com/register/7172457831390577494

View Other Upcoming Events
https://bit.ly/UOBKayHianInvestmentCarnival2H2024

#UOBKayHianEvents
#UOBKayHian
#UOBKayHianInvestmentCarnival

UOBKH Retail Market Monitor
19 July 2024

FBMKLCI: 1,633.81 (+0.27)
Support: 1,610, 1,600
Resistance: 1,650, 1,677

Bursa Top Gainers:
PPB (+2.5%), MAXIS (+1.9%), PETGAS (+1.9%)

Bursa Top Losers:
PMETAL (-8.2%), YTLPOWR (-3.0%), SUNWAY (-1.2%)

Bursa Trade Statistics
Local Institutions (43.16%): -RM54.92m
Local Retail (20.34%): +RM33.63m
Foreign (36.50%): +RM21.29m

Global Equity Indexes
MSCI Asia : 187.55 (+0.69,+0.37%)
NASDAQ : 17,871.22 (-125.70, -0.70%)
S&P500 : 5,544.59 (-43.68,-0.78%)
DJIA : 40,665.02 (-533.06,-1.29%)

USD/MYR : 4.6755 (+0.0152)
SGD/MYR : 3.4784 (-0.0009)

Crude Oil : $82.08 (-1.03)
Gold : $2,428.13 (-30.27)

US stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam. All three major US stock indexes suffered losses, and the blue-chip Dow fell the most, halting a series of consecutive record closing highs. The Dow Jones Industrial Average fell 533.06 points, or 1.29%, to 40,665.02, the S&P 500 lost 43.68 points, or 0.78%, to 5,544.59 and the Nasdaq Composite dropped 125.70 points, or 0.7%, to 17,871.22. (Source: Investing.com)

Stocks To Watch:

1) HOMERIZ (KLSE: 5160)
Technical BUY on breakout (RM 0.595) with +24.4% potential return
* Last: RM0.595 TP: RM0.685, RM0.74 SL: RM0.565
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) JAG (KLSE: 0024)
Technical BUY on breakout (RM 0.285) with +17.5% potential return
* Last: RM0.27 TP: RM0.32, RM0.335 SL: RM0.24
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) SUNZEN (KLSE: 0148)
Technical BUY with +23.9% potential return
* Last: RM0.355 TP: RM0.395, RM0.44 SL: RM0.335
* 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

UOBKH Malaysia Trading Idea
19 July 2024
___

Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Hong Kong Retail Market Monitor
19 July 2024

Short Term Opportunity:
1) Haier Smart Home Co., Ltd (HKEX: 6690)
Technical BUY range HK$ 24.80-25.20
Last: HK$ 24.30
TP: HK$ 26.20/ HK$ 27.40
SL: HK$ 23.80

2) Longfor Group Holdings Limited (HKEX: 960)
Technical BUY range HK$ 11.55-11.70
Last: HK$ 11.36
TP: HK$ 13.00/ HK$ 14.25
SL: HK$ 10.70

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

Is J.D. Vance Helping or Hurting Trump's Campaign as his Running Mate? 🎆🤔

Join Paul DeVierno as he discusses the potential re-election of Donald Trump, his choice of J.D. Vance as his running mate, and the effects on U.S. politics, trade and financial markets. Discover how this dynamic duo could reshap America's future. Watch now! 🗳️🌍

Click the link to watch: https://fb.watch/toD4q22Ot2/

Follow us on Facebook:
UTRADE Singapore