UOBKH Retail Market Monitor
20 August 2024
FBMKLCI: 1,648.70 (+24.80)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PBBANK (+5.8%), CIMB (+4.1%), HLFG (+3.5%)
Bursa Top Losers:
CDB (-4.3%), YTLPOWR (-3.7%), PCHEM (-2.5%)
Bursa Trade Statistics
Local Institutions (46.37%): -RM377.84m
Local Retail (17.76%): -RM197.08m
Foreign (35.87%): +RM574.93m
Global Equity Indexes
MSCI Asia : 182.89 (+4.46,+2.50%)
NASDAQ : 17,876.77 (+245.05, +1.39%)
S&P500 : 5,608.25 (+54.00,+0.97%)
DJIA : 40,896.53 (+236.77,+0.58%)
USD/MYR : 4.3828 (-0.0495)
SGD/MYR : 3.3443 (-0.0162)
Crude Oil : $74.34 (-2.31)
Gold : $2,542.30 (-1.1)
US stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The Dow Jones Industrial Average rose 236.77 points, or 0.58%, to 40,896.53. The S&P 500 gained 54 points, or 0.97%, at 5,608.25 and the Nasdaq Composite added 245.05 points, or 1.39%, at 17,876.77. (Source: Investing.com)
Stocks To Watch:
1) CHINHIN (KLSE: 5273)
Technical BUY with +15.8% potential return
* Last: RM3.19 TP: RM3.48, RM3.66 SL: RM2.89
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) HARBOUR (KLSE: 2062)
Technical BUY on breakout (RM1.47) with +14.3% potential return
* Last: RM1.42 TP: RM1.59, RM1.68 SL: RM1.34
* Timeframe: 2 weeks to 2 months
* Shariah: NO
3) HARTA (KLSE: 5168)
Technical BUY with +19.8% potential return
* Last: RM2.78 TP: RM3.16, RM3.33 SL: RM2.58
* 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
20 August 2024
FBMKLCI: 1,648.70 (+24.80)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PBBANK (+5.8%), CIMB (+4.1%), HLFG (+3.5%)
Bursa Top Losers:
CDB (-4.3%), YTLPOWR (-3.7%), PCHEM (-2.5%)
Bursa Trade Statistics
Local Institutions (46.37%): -RM377.84m
Local Retail (17.76%): -RM197.08m
Foreign (35.87%): +RM574.93m
Global Equity Indexes
MSCI Asia : 182.89 (+4.46,+2.50%)
NASDAQ : 17,876.77 (+245.05, +1.39%)
S&P500 : 5,608.25 (+54.00,+0.97%)
DJIA : 40,896.53 (+236.77,+0.58%)
USD/MYR : 4.3828 (-0.0495)
SGD/MYR : 3.3443 (-0.0162)
Crude Oil : $74.34 (-2.31)
Gold : $2,542.30 (-1.1)
US stocks advanced on Monday, building on their largest weekly percentage gain of the year as investors focused on the Democratic National Convention and the upcoming Jackson Hole Economic Symposium. The Dow Jones Industrial Average rose 236.77 points, or 0.58%, to 40,896.53. The S&P 500 gained 54 points, or 0.97%, at 5,608.25 and the Nasdaq Composite added 245.05 points, or 1.39%, at 17,876.77. (Source: Investing.com)
Stocks To Watch:
1) CHINHIN (KLSE: 5273)
Technical BUY with +15.8% potential return
* Last: RM3.19 TP: RM3.48, RM3.66 SL: RM2.89
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) HARBOUR (KLSE: 2062)
Technical BUY on breakout (RM1.47) with +14.3% potential return
* Last: RM1.42 TP: RM1.59, RM1.68 SL: RM1.34
* Timeframe: 2 weeks to 2 months
* Shariah: NO
3) HARTA (KLSE: 5168)
Technical BUY with +19.8% potential return
* Last: RM2.78 TP: RM3.16, RM3.33 SL: RM2.58
* 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
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UOBKH Malaysia Trading Idea
20 August 2024
___
Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
20 August 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
20 August 2024
Short Term Opportunity:
1) Aluminium Corporation of China Limited (HKEX: 2600)
Technical BUY range HK$4.55-4.60
Last: HK$4.59
TP: HK$4.80/HK$5.10
SL: HK$4.20
2) BYD Electronic (International) Company Limited(HKEX: 285)
Technical BUY range HK$30.30-30.40
Last: HK$30.10
TP: HK$32.15/HK$33.75
SL: HK$28.95
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
20 August 2024
Short Term Opportunity:
1) Aluminium Corporation of China Limited (HKEX: 2600)
Technical BUY range HK$4.55-4.60
Last: HK$4.59
TP: HK$4.80/HK$5.10
SL: HK$4.20
2) BYD Electronic (International) Company Limited(HKEX: 285)
Technical BUY range HK$30.30-30.40
Last: HK$30.10
TP: HK$32.15/HK$33.75
SL: HK$28.95
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 Singapore Retail Market Monitor
20 August 2024
Short Term Opportunity:
1) Hongkong Land Holdings (SGX: H78)
Technical Buy range US$3.44-3.45
Last: US$3.58
TP: US$3.73
SL: US$3.37
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
20 August 2024
Short Term Opportunity:
1) Hongkong Land Holdings (SGX: H78)
Technical Buy range US$3.44-3.45
Last: US$3.58
TP: US$3.73
SL: US$3.37
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
Forwarded from UOB Kay Hian Malaysia (Official)
📝 CIO Series: China Investing from a Foreign Manager Perspective
Amidst the global retreat from Hong Kong and China markets, a few investors maintain strong convictions in China’s potential. In this edition of our CIO Series, we aim to interview the Chief Investment Officer of a prominent foreign asset manager to discuss their perspectives and strategies for investing in Chinese stocks. Join this webinar to gain insights into their approach and the opportunities they see in the Chinese market.
📅 Date: 20 August 2024, Tuesday
🕔 Time: 6.30pm - 7.30pm
📈 Market: China 🇨🇳
👨 Speaker: Qi Wang, CIO, UOB Kay Hian
☑ REGISTRATION LINK
https://attendee.gotowebinar.com/register/4855477871599913565?source=my
#UOBKayHian
#CIOSeries
#UOBKayHianEvents
Amidst the global retreat from Hong Kong and China markets, a few investors maintain strong convictions in China’s potential. In this edition of our CIO Series, we aim to interview the Chief Investment Officer of a prominent foreign asset manager to discuss their perspectives and strategies for investing in Chinese stocks. Join this webinar to gain insights into their approach and the opportunities they see in the Chinese market.
📅 Date: 20 August 2024, Tuesday
🕔 Time: 6.30pm - 7.30pm
📈 Market: China 🇨🇳
👨 Speaker: Qi Wang, CIO, UOB Kay Hian
☑ REGISTRATION LINK
https://attendee.gotowebinar.com/register/4855477871599913565?source=my
#UOBKayHian
#CIOSeries
#UOBKayHianEvents
Forwarded from UOB Kay Hian Malaysia (Official)
LIVE WEBINAR- Fundamental of Technical Analysis in Stock Trading
Presented by Mohd Fakhrul Asyraq, Senior Investment Analyst (Chartist), UOB Kay Hian
📅 Tuesday, 20 August 2024
⏰ 6.00pm – 8.00pm
Webinar Highlight
✅ Learn to use chart patterns, trend lines, and indicators to predict market trends and make informed trading decisions.
REGISTER NOW!
https://attendee.gotowebinar.com/register/2222734659523989341
This event is open to both beginner and seasoned investors to build and refresh their knowledge of Technical Analysis. The webinar will be conducted in English and is open to the public..
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
Presented by Mohd Fakhrul Asyraq, Senior Investment Analyst (Chartist), UOB Kay Hian
📅 Tuesday, 20 August 2024
⏰ 6.00pm – 8.00pm
Webinar Highlight
✅ Learn to use chart patterns, trend lines, and indicators to predict market trends and make informed trading decisions.
REGISTER NOW!
https://attendee.gotowebinar.com/register/2222734659523989341
This event is open to both beginner and seasoned investors to build and refresh their knowledge of Technical Analysis. The webinar will be conducted in English and is open to the public..
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
UOBKH Retail Market Monitor
21 August 2024
FBMKLCI: 1,642.77 (-5.93)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PBBANK (+2.9%), MRDIY (+2.4%), HLFG (+1.8%)
Bursa Top Losers:
YTL (-9.5%), YTLPOWR (-8.1%), SUNWAY (-4.1%)
Bursa Trade Statistics
Local Institutions (43.96%): -RM209.79m
Local Retail (17.01%): -RM55.91m
Foreign (39.03%): +RM265.70m
Global Equity Indexes
MSCI Asia : 183.82 (+0.93,+0.51%)
NASDAQ : 17,816.94 (-59.83, -0.33%)
S&P500 : 5,597.12 (-11.13,-0.20%)
DJIA : 40,834.97 (-61.56,-0.15%)
USD/MYR : 4.3815 (-0.0013)
SGD/MYR : 3.3493 (+0.005)
Crude Oil : $74.04 (-0.3)
Gold : $2,552.40 (+10.1)
US stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium, set to get under way on Thursday. The Dow Jones Industrial Average fell 61.56 points, or 0.15%, to 40,834.97, the S&P 500 lost 11.13 points, or 0.20%, to 5,597.12 and the Nasdaq Composite dropped 59.83 points, or 0.33%, to 17,816.94. (Source: Investing.com)
Stocks To Watch:
1) BONIA (KLSE: 9288)
Technical BUY with +10.1% potential return
* Last: RM1.69 TP: RM1.79, RM1.86 SL: RM1.59
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) LBALUM (KLSE: 9326)
Technical BUY on breakout (RM0.605) with +15.2% potential return
* Last: RM0.515 TP: RM0.58, RM0.605 SL: RM0.475
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) LHI (KLSE: 6633)
Technical BUY on breakout (RM0.725) with +14.2% potential return
* Last: RM0.615 TP: RM0.695, RM0.725 SL: RM0.58
* 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
21 August 2024
FBMKLCI: 1,642.77 (-5.93)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PBBANK (+2.9%), MRDIY (+2.4%), HLFG (+1.8%)
Bursa Top Losers:
YTL (-9.5%), YTLPOWR (-8.1%), SUNWAY (-4.1%)
Bursa Trade Statistics
Local Institutions (43.96%): -RM209.79m
Local Retail (17.01%): -RM55.91m
Foreign (39.03%): +RM265.70m
Global Equity Indexes
MSCI Asia : 183.82 (+0.93,+0.51%)
NASDAQ : 17,816.94 (-59.83, -0.33%)
S&P500 : 5,597.12 (-11.13,-0.20%)
DJIA : 40,834.97 (-61.56,-0.15%)
USD/MYR : 4.3815 (-0.0013)
SGD/MYR : 3.3493 (+0.005)
Crude Oil : $74.04 (-0.3)
Gold : $2,552.40 (+10.1)
US stocks closed slightly lower on Tuesday, breaking their recent winning streak amid few market-moving catalysts ahead of the Jackson Hole Economic Symposium, set to get under way on Thursday. The Dow Jones Industrial Average fell 61.56 points, or 0.15%, to 40,834.97, the S&P 500 lost 11.13 points, or 0.20%, to 5,597.12 and the Nasdaq Composite dropped 59.83 points, or 0.33%, to 17,816.94. (Source: Investing.com)
Stocks To Watch:
1) BONIA (KLSE: 9288)
Technical BUY with +10.1% potential return
* Last: RM1.69 TP: RM1.79, RM1.86 SL: RM1.59
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) LBALUM (KLSE: 9326)
Technical BUY on breakout (RM0.605) with +15.2% potential return
* Last: RM0.515 TP: RM0.58, RM0.605 SL: RM0.475
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) LHI (KLSE: 6633)
Technical BUY on breakout (RM0.725) with +14.2% potential return
* Last: RM0.615 TP: RM0.695, RM0.725 SL: RM0.58
* 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
https://linktr.ee/UOBKayHianMalaysia
Link in bio
https://linktr.ee/UOBKayHianMalaysia
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UOBKH Malaysia Trading Idea
21 August 2024
___
Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
21 August 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
21 August 2024
Short Term Opportunity:
1) Zhaojin Mining Industry Company Limited (HKEX: 1818)
Technical BUY range HK$14.02-14.10
Last: HK$13.82
TP: HK$14.78/HK$15.60
SL: HK$13.30
2) Hang Seng Bank Limited (HKEX: 11)
Technical BUY range HK$91.90-92.20
Last: HK$91.90
TP: HK$95.80/HK$101.00
SL: HK$88.50
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
21 August 2024
Short Term Opportunity:
1) Zhaojin Mining Industry Company Limited (HKEX: 1818)
Technical BUY range HK$14.02-14.10
Last: HK$13.82
TP: HK$14.78/HK$15.60
SL: HK$13.30
2) Hang Seng Bank Limited (HKEX: 11)
Technical BUY range HK$91.90-92.20
Last: HK$91.90
TP: HK$95.80/HK$101.00
SL: HK$88.50
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 Singapore Retail Market Monitor
21 August 2024
Short Term Opportunity:
1) SATS (SGX: S58)
Technical Buy range S$3.17-3.18
Last: S$3.22
TP: S$3.57
SL: S$3.05
2) Singapore Airlines (SGX: C6L)
Technical Buy range S$6.07-6.08
Last: S$6.09
TP: S$6.48
SL: S$5.93
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
21 August 2024
Short Term Opportunity:
1) SATS (SGX: S58)
Technical Buy range S$3.17-3.18
Last: S$3.22
TP: S$3.57
SL: S$3.05
2) Singapore Airlines (SGX: C6L)
Technical Buy range S$6.07-6.08
Last: S$6.09
TP: S$6.48
SL: S$5.93
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
Bottom Fishing in a Choppy Market: Strategies for Smart Stock Picking Plus! Hard Commodity Outlook
📆 Saturday, 31 August 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/3MbdVAH
__
Session 1 • Navigating the Hard Commodity Boom and Beneficiaries of Domestic Mega Infrastructure Projects
Presented by Ku Wei Xiang, Research Analyst, UOB Kay Hian
Hard commodities performed very well in 1H24, primarily due to structural supply disruptions caused by geopolitical tensions, despite some recent retracement as we entered 2H24. In this talk, we review the supply demand and key beneficiaries.
Session 2 • Strategies for Smart Stock Picking
Presented by Desmond Chong, Head of Research, UOB Kay Hian
Having pleasantly delivered prominent gains in 1H24, markets are taking a risk-off posture again following the unwinding of the yen carry trade, deep escalation of the Middle East conflict and lingering fears of a US recession. Find out what compelling opportunities to look for.
__
#UOBKayHianEvents
#UOBKayHianMalaysia
📆 Saturday, 31 August 2024
⏰ 9:30am-11.30am
🌐 Register at https://bit.ly/3MbdVAH
__
Session 1 • Navigating the Hard Commodity Boom and Beneficiaries of Domestic Mega Infrastructure Projects
Presented by Ku Wei Xiang, Research Analyst, UOB Kay Hian
Hard commodities performed very well in 1H24, primarily due to structural supply disruptions caused by geopolitical tensions, despite some recent retracement as we entered 2H24. In this talk, we review the supply demand and key beneficiaries.
Session 2 • Strategies for Smart Stock Picking
Presented by Desmond Chong, Head of Research, UOB Kay Hian
Having pleasantly delivered prominent gains in 1H24, markets are taking a risk-off posture again following the unwinding of the yen carry trade, deep escalation of the Middle East conflict and lingering fears of a US recession. Find out what compelling opportunities to look for.
__
#UOBKayHianEvents
#UOBKayHianMalaysia