UOBKH Retail Market Monitor
16 August 2024

FBMKLCI: 1,612.94 (+0.59)
Support: 1,593, 1,575
Resistance: 1,628, 1,637

Bursa Top Gainers:
CIMB (+1.6%), YTL (+1.5%), IOICORP (+1.3%)

Bursa Top Losers:
PCHEM (-2.8%), PETDAG (-2.6%), AXIATA (-2.5%)

Bursa Trade Statistics
Local Institutions (45.69%): -RM86.26m
Local Retail (20.52%): +RM58.38m
Foreign (33.79%): +RM27.89m

Global Equity Indexes
MSCI Asia : 179.03 (+1.21,+0.68%)
NASDAQ : 17,594.50 (+401.90, +2.34%)
S&P500 : 5,543.22 (+88.01,+1.61%)
DJIA : 40,563.06 (+554.67,+1.39%)

USD/MYR : 4.4377 (+0.0175)
SGD/MYR : 3.3678 (+0.0068)

Crude Oil : $77.86 (+0.55)
Gold : $2,455.76 (+8.07)

Wall Street's main indexes closed higher on Thursday, with the Nasdaq rising more than 2% after July U.S. retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.The Dow Jones Industrial Average rose 554.67 points, or 1.39%, to 40,563.06. The S&P 500 gained 88.01 points, or 1.61%, at 5,543.22. The Nasdaq Composite advanced 401.90 points, or 2.34%, to 17,594.50. (Source: Investing.com)

Stocks To Watch:

1) RESINTC (KLSE: 7232)
Technical BUY with +25.2% potential return
* Last: RM0.555 TP: RM0.635, RM0.695 SL: RM0.505
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) VS (KLSE: 6963)
Technical BUY with +31.4% potential return
* Last: RM1.21 TP: RM1.44, RM1.59 SL: RM1.09
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) MFLOUR (KLSE: 3662)
Technical BUY with +23.5% potential return
* Last: RM0.765 TP: RM0.92, RM0.945 SL: RM0.675
* 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
16 August 2024
___

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UOBKH Hong Kong Retail Market Monitor
16 August 2024

Short Term Opportunity:
1) China Hongqiao Group Limited (HKEX: 1378)
Technical BUY range HK$ 10.15-10.20
Last: HK$ 10.10
TP: HK$ 10.62/ HK$ 11.18
SL: HK$ 9.55

2) China Merchants Bank Co Ltd (HKEX: 3968)
Technical BUY range HK$ 33.10-33.30
Last: HK$ 33.05
TP: HK$ 34.50/ HK$ 35.40
SL: HK$ 31.80

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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
16 August 2024

Short Term Opportunity:
1) Singapore Exchange (SGX: S68)
Technical Buy range S$9.85-9.88
Last: S$ 10.22
TP: S$ 10.75
SL: S$ 9.65

2) ST Engineering (SGX: S63)
Technical Buy range S$4.45-4.46
Last: S$ 4.56
TP: S$ 4.94
SL: S$ 4.35

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
19 August 2024

FBMKLCI: 1,623.90 (+10.96)
Support: 1,593, 1,575
Resistance: 1,628, 1,637

Bursa Top Gainers:
PCHEM (+6.2%), SDG (+1.8%), CIMB (+1.7%)

Bursa Top Losers:
CDB (-1.1%), YTLPOWR (-0.91%), PETDAG (-0.84%)

Bursa Trade Statistics
Local Institutions (43.77%): -RM194.54m
Local Retail (19.79%): -RM93.79m
Foreign (36.44%): +RM288.34m

Global Equity Indexes
MSCI Asia : 182.89 (+4.46,+2.50%)
NASDAQ : 17,631.72 (+37.22, +0.21%)
S&P500 : 5,554.25 (+11.03,+0.20%)
DJIA : 40,659.76 (+96.70,+0.24%)

USD/MYR : 4.4323 (-0.0054)
SGD/MYR : 3.3605 (-0.0073)

Crude Oil : $76.65 (-0.12)
Gold : $2,543.40 (+5.60)

US stocks ended higher on Friday, extending their biggest weekly percentage gains of the year as worries of an economic downturn eased and investors focused on the Jackson Hole Economic Symposium next week. The Dow Jones Industrial Average rose 96.7 points, or 0.24%, to 40,659.76. The S&P 500 gained 11.03 points, or 0.20%, at 5,554.25 and the Nasdaq Composite added 37.22 points, or 0.21%, at 17,631.72. (Source: Investing.com)

Stocks To Watch:

1) AGMO (KLSE: 0258)
Technical BUY with +23.9% potential return
* Last: RM0.67 TP: RM0.78, RM0.83 SL: RM0.605
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) ANEKA (KLSE: 0226)
Technical BUY on breakout (RM0.185) with +32.4% potential return
* Last: RM0.175 TP: RM0.215, RM0.245 SL: RM0.145
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) EG (KLSE: 8907)
Technical BUY with +22.7% potential return
* Last: RM2.03 TP: RM2.36, RM2.49 SL: RM1.74
* 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
19 August 2024
___

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

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Singapore Retail Market Monitor
19 August 2024

Short Term Opportunity:
1) Thai Beverage (SGX: Y92)
Technical Buy range S$0.475-0.480
Last: S$0.485
TP: S$0.525
SL: S$0.460

2) Medtecs International (SGX: 546)
Technical Buy range S$0.134-0.135
Last: S$0.139
TP: S$0.155
SL: S$0.126


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