UOBKH Retail Market Monitor
22 August 2024
FBMKLCI: 1,635.32 (-7.45)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PETDAG (+6.0%), GENTING (+1.6%), PCHWM (+1.5%)
Bursa Top Losers:
MRDIY (-4.2%), YTLPOWER (-2.9%), YTL (-2.6%)
Bursa Trade Statistics
Local Institutions (42.59%): -RM220.95m
Local Retail (19.15%): -RM50.42m
Foreign (38.26%): +RM271.37m
Global Equity Indexes
MSCI Asia : 185.07 (+1.25,+0.68%)
NASDAQ : 17,918.99 (+102.05, +0.57%)
S&P500 : 5,620.85 (+23.73, +0.42%)
DJIA : 40,890.49 (+55.52,+0.14%)
USD/MYR : 4.3790 (-0.0025)
SGD/MYR : 3.3493 (-0.0005)
Crude Oil : $76.05 (-1.15)
Gold : $2,513.40 (+1.838)
US stocks were higher after the close on Wednesday, as gains in the Basic Materials, Consumer Services and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.14%, while the S&P 500 index gained 0.42%, and the NASDAQ Composite index gained 0.57%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,111 to 720 and 92 ended unchanged; on the Nasdaq Stock Exchange, 2,289 rose and 1,004 declined, while 153 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) BPURI (KLSE: 5932)
Technical BUY with +32.9% potential return
* Last: RM0.40 TP: RM0.495, RM0.545 SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) DSONIC (KLSE: 5216)
Technical BUY on breakout (RM0.58) with +18.4% potential return
* Last: RM0.48 TP: RM0.54, RM0.58 SL: RM0.445
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MRCB (KLSE: 1651)
Technical BUY on breakout (RM0.725) with +22% potential return
* Last: RM0.575 TP: RM0.67, RM0.725 SL: RM0.52
* 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
22 August 2024
FBMKLCI: 1,635.32 (-7.45)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
PETDAG (+6.0%), GENTING (+1.6%), PCHWM (+1.5%)
Bursa Top Losers:
MRDIY (-4.2%), YTLPOWER (-2.9%), YTL (-2.6%)
Bursa Trade Statistics
Local Institutions (42.59%): -RM220.95m
Local Retail (19.15%): -RM50.42m
Foreign (38.26%): +RM271.37m
Global Equity Indexes
MSCI Asia : 185.07 (+1.25,+0.68%)
NASDAQ : 17,918.99 (+102.05, +0.57%)
S&P500 : 5,620.85 (+23.73, +0.42%)
DJIA : 40,890.49 (+55.52,+0.14%)
USD/MYR : 4.3790 (-0.0025)
SGD/MYR : 3.3493 (-0.0005)
Crude Oil : $76.05 (-1.15)
Gold : $2,513.40 (+1.838)
US stocks were higher after the close on Wednesday, as gains in the Basic Materials, Consumer Services and Industrials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.14%, while the S&P 500 index gained 0.42%, and the NASDAQ Composite index gained 0.57%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,111 to 720 and 92 ended unchanged; on the Nasdaq Stock Exchange, 2,289 rose and 1,004 declined, while 153 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) BPURI (KLSE: 5932)
Technical BUY with +32.9% potential return
* Last: RM0.40 TP: RM0.495, RM0.545 SL: RM0.355
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) DSONIC (KLSE: 5216)
Technical BUY on breakout (RM0.58) with +18.4% potential return
* Last: RM0.48 TP: RM0.54, RM0.58 SL: RM0.445
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) MRCB (KLSE: 1651)
Technical BUY on breakout (RM0.725) with +22% potential return
* Last: RM0.575 TP: RM0.67, RM0.725 SL: RM0.52
* 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
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Media is too big
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UOBKH Malaysia Trading Idea
22 August 2024
___
Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
22 August 2024
___
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#TradingIdea #UOBKayHian #UOBKayHianMalaysia
UOBKH Hong Kong Retail Market Monitor
22 August 2024
Short Term Opportunity:
1) Lonking Holdings Limited (HKEX: 3339)
Technical BUY range HK$ 1.44-1.45
Last: HK$ 1.45
TP: HK$ 1.54/ HK$ 1.58
SL: HK$ 1.36
2) China Unicom (Hong Kong) Limited (HKEX: 762)
Technical BUY range HK$ 6.63-6.68
Last: HK$ 6.59
TP: HK$ 7.06/ HK$ 7.35
SL: HK$ 6.35
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
22 August 2024
Short Term Opportunity:
1) Lonking Holdings Limited (HKEX: 3339)
Technical BUY range HK$ 1.44-1.45
Last: HK$ 1.45
TP: HK$ 1.54/ HK$ 1.58
SL: HK$ 1.36
2) China Unicom (Hong Kong) Limited (HKEX: 762)
Technical BUY range HK$ 6.63-6.68
Last: HK$ 6.59
TP: HK$ 7.06/ HK$ 7.35
SL: HK$ 6.35
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
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
22 August 2024
Short Term Opportunity:
1) Singapore Tech Engineering (SGX: S63)
Technical Buy range S$4.45-4.46
Last: S$ 4.56
TP: S$ 4.93
SL: S$ 4.37
2) SIA Engineering Co (SGX: S59)
Technical Buy range S$2.29-2.30
Last: S$ 2.31
TP: S$ 2.52
SL: S$ 2.25
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
22 August 2024
Short Term Opportunity:
1) Singapore Tech Engineering (SGX: S63)
Technical Buy range S$4.45-4.46
Last: S$ 4.56
TP: S$ 4.93
SL: S$ 4.37
2) SIA Engineering Co (SGX: S59)
Technical Buy range S$2.29-2.30
Last: S$ 2.31
TP: S$ 2.52
SL: S$ 2.25
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)
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
Forwarded from UOBKH Trading Ideas
Why Financial Markets aren't Reacting to Kamala Harris' Proposals? 📝📊
Join Paul DeVierno as he unpacks the Democratic convention highlights, from Kamala Harris' policy proposals to the shifting landscape of U.S. antitrust enforcement. Watch to learn how these developments could influence the financial markets. 🗳️
Click the link to watch: https://fb.watch/u6MLMTsBWA/
Follow us on Facebook:
UTRADE Singapore
Join Paul DeVierno as he unpacks the Democratic convention highlights, from Kamala Harris' policy proposals to the shifting landscape of U.S. antitrust enforcement. Watch to learn how these developments could influence the financial markets. 🗳️
Click the link to watch: https://fb.watch/u6MLMTsBWA/
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UOBKH Retail Market Monitor
23 August 2024
FBMKLCI: 1,641.25 (+5.39)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
YTLPOWER (+12.0%), PCHEM (+4.3%), PETDAG (+3.0%)
Bursa Top Losers:
NESTLE (-0.87%), PBBANK (-0.86%), SIME (-0.76%)
Bursa Trade Statistics
Local Institutions (46.70%): -RM233.88m
Local Retail (19.73%): -RM59.23m
Foreign (33.57%): +RM293.12m
Global Equity Indexes
MSCI Asia : 184.53 (-0.54, -0.298%)
NASDAQ : 17,619.35 (-299.64, -1.67%)
S&P500 : 5,570.64 (-50.21, -0.89%)
DJIA : 40,712.78 (-0.43, -0.43%)
USD/MYR : 4.3780 (-0.001)
SGD/MYR : 3.3491 (-0.0002)
Crude Oil : $77.22 (+1.17)
Gold : $2,521.30 (+4.60)
US stocks were lower after the close on Thursday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.43%, while the S&P 500 index fell 0.89%, and the NASDAQ Composite index declined 1.63%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,894 to 932 and 93 ended unchanged; on the Nasdaq Stock Exchange, 2,229 fell and 1,080 advanced, while 131 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ARMADA (KLSE: 5210)
Technical BUY on breakout (RM0.53) with +16.8% potential return
* Last: RM0.525 TP: RM0.595, RM0.625 SL: RM0.485
* Timeframe: 2 weeks to 2 months
* Shariah: NO
2) EITA (KLSE: 5208)
Technical BUY with +26.7% potential return
* Last: RM0.755 TP: RM0.935, RM1.02 SL: RM0.695
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) HIL (KLSE: 8443)
Technical BUY on breakout (RM0.905) with +28.2% potential return
* Last: RM0.755 TP: RM0.935, RM1.02 SL: RM0.695
* 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
23 August 2024
FBMKLCI: 1,641.25 (+5.39)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
YTLPOWER (+12.0%), PCHEM (+4.3%), PETDAG (+3.0%)
Bursa Top Losers:
NESTLE (-0.87%), PBBANK (-0.86%), SIME (-0.76%)
Bursa Trade Statistics
Local Institutions (46.70%): -RM233.88m
Local Retail (19.73%): -RM59.23m
Foreign (33.57%): +RM293.12m
Global Equity Indexes
MSCI Asia : 184.53 (-0.54, -0.298%)
NASDAQ : 17,619.35 (-299.64, -1.67%)
S&P500 : 5,570.64 (-50.21, -0.89%)
DJIA : 40,712.78 (-0.43, -0.43%)
USD/MYR : 4.3780 (-0.001)
SGD/MYR : 3.3491 (-0.0002)
Crude Oil : $77.22 (+1.17)
Gold : $2,521.30 (+4.60)
US stocks were lower after the close on Thursday, as losses in the Technology, Consumer Goods and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.43%, while the S&P 500 index fell 0.89%, and the NASDAQ Composite index declined 1.63%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,894 to 932 and 93 ended unchanged; on the Nasdaq Stock Exchange, 2,229 fell and 1,080 advanced, while 131 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ARMADA (KLSE: 5210)
Technical BUY on breakout (RM0.53) with +16.8% potential return
* Last: RM0.525 TP: RM0.595, RM0.625 SL: RM0.485
* Timeframe: 2 weeks to 2 months
* Shariah: NO
2) EITA (KLSE: 5208)
Technical BUY with +26.7% potential return
* Last: RM0.755 TP: RM0.935, RM1.02 SL: RM0.695
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) HIL (KLSE: 8443)
Technical BUY on breakout (RM0.905) with +28.2% potential return
* Last: RM0.755 TP: RM0.935, RM1.02 SL: RM0.695
* 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
Media is too big
VIEW IN TELEGRAM
UOBKH Malaysia Trading Idea
23 August 2024
___
Follow our official UOB Kay Hian Instagram page for event updates: https://www.instagram.com/uobkayhianmalaysia/
#TradingIdea #UOBKayHian #UOBKayHianMalaysia
23 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
23 August 2024
Short Term Opportunity:
1) *AIA Group Limited* (HKEX: 1299)
Technical BUY range HK$53.30-54.00
Last: HK$54.45
TP: HK$56.55/HK$58.15
SL: HK$50.50
2) ZTO Express (Cayman) Inc. (HKEX: 2057)
Technical BUY range HHK$160.00-161.90
Last: HK$165.50
TP: HK$173.70/HK$182.20
SL: HK$152.00
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
23 August 2024
Short Term Opportunity:
1) *AIA Group Limited* (HKEX: 1299)
Technical BUY range HK$53.30-54.00
Last: HK$54.45
TP: HK$56.55/HK$58.15
SL: HK$50.50
2) ZTO Express (Cayman) Inc. (HKEX: 2057)
Technical BUY range HHK$160.00-161.90
Last: HK$165.50
TP: HK$173.70/HK$182.20
SL: HK$152.00
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
UOBKH Singapore Retail Market Monitor
23 August 2024
Short Term Opportunity:
1) CSE Global (SGX: 544)
Technical Buy range S$0.455-0.460
Last: S$0.470
TP: S$0.520
SL: S$0.435
2) Frencken Group (SGX: E28)
Technical Buy range S$1.35-1.36
Last: S$1.37
TP: S$1.55
SL: S$1.30
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
23 August 2024
Short Term Opportunity:
1) CSE Global (SGX: 544)
Technical Buy range S$0.455-0.460
Last: S$0.470
TP: S$0.520
SL: S$0.435
2) Frencken Group (SGX: E28)
Technical Buy range S$1.35-1.36
Last: S$1.37
TP: S$1.55
SL: S$1.30
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)
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
UOBKH Retail Market Monitor
26 August 2024
FBMKLCI: 1,635.74 (+5.92)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
SDG (+1.1%), PMETAL (+0.98%), AXIATA (+0.83%)
Bursa Top Losers:
YTLPOWR (-1.7%), YTL (-1.6%), PCHEM (-1.6%)
Bursa Trade Statistics
Local Institutions (47.09%): -RM76.65m
Local Retail (22.91%): +RM78.20m
Foreign (30.00%): -RM1.55m
Global Equity Indexes
MSCI Asia : 185.47 (+0.75, +0.41%)
NASDAQ : 17,877.79 (+258.44, +1.47%)
S&P500 : 5,634.61 (+63.97, +1.15%)
DJIA : 41,175.08 (+462.30, +1.14%)
USD/MYR : 4.3748 (-0.0032)
SGD/MYR : 3.3432 (-0.0059)
Crude Oil : $75.34 (-1.88)
Gold : $2,514.39 (-6.91)
U.S. stocks were higher after the close on Friday, as gains in the Consumer Goods, Oil & Gas and Technology sectors led shares higherAt the close in NYSE, the Dow Jones Industrial Average added 1.14% to hit a new 1-month high, while the S&P 500 index climbed 1.15%, and the NASDAQ Composite index climbed 1.47%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2483 to 367 and 62 ended unchanged; on the Nasdaq Stock Exchange, 2590 rose and 749 declined, while 105 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) FM (KLSE: 7210)
Technical BUY on breakout (RM0.605) with +14.0% potential return
* Last: RM0.595 TP: RM0.645, RM0.69 SL: RM0.56
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) ICON (KLSE: 5255)
Technical BUY with +27.1% potential return
* Last: RM1.07 TP: RM1.29, RM1.36 SL: RM0.915
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) NOVA (KLSE: 0201)
Technical BUY on breakout (RM0.525) with +16.2% potential return
* Last: RM0.52 TP: RM0.565, RM0.61 SL: RM0.475
* 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.
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26 August 2024
FBMKLCI: 1,635.74 (+5.92)
Support: 1,600, 1,593
Resistance: 1,675, 1,700
Bursa Top Gainers:
SDG (+1.1%), PMETAL (+0.98%), AXIATA (+0.83%)
Bursa Top Losers:
YTLPOWR (-1.7%), YTL (-1.6%), PCHEM (-1.6%)
Bursa Trade Statistics
Local Institutions (47.09%): -RM76.65m
Local Retail (22.91%): +RM78.20m
Foreign (30.00%): -RM1.55m
Global Equity Indexes
MSCI Asia : 185.47 (+0.75, +0.41%)
NASDAQ : 17,877.79 (+258.44, +1.47%)
S&P500 : 5,634.61 (+63.97, +1.15%)
DJIA : 41,175.08 (+462.30, +1.14%)
USD/MYR : 4.3748 (-0.0032)
SGD/MYR : 3.3432 (-0.0059)
Crude Oil : $75.34 (-1.88)
Gold : $2,514.39 (-6.91)
U.S. stocks were higher after the close on Friday, as gains in the Consumer Goods, Oil & Gas and Technology sectors led shares higherAt the close in NYSE, the Dow Jones Industrial Average added 1.14% to hit a new 1-month high, while the S&P 500 index climbed 1.15%, and the NASDAQ Composite index climbed 1.47%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2483 to 367 and 62 ended unchanged; on the Nasdaq Stock Exchange, 2590 rose and 749 declined, while 105 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) FM (KLSE: 7210)
Technical BUY on breakout (RM0.605) with +14.0% potential return
* Last: RM0.595 TP: RM0.645, RM0.69 SL: RM0.56
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) ICON (KLSE: 5255)
Technical BUY with +27.1% potential return
* Last: RM1.07 TP: RM1.29, RM1.36 SL: RM0.915
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) NOVA (KLSE: 0201)
Technical BUY on breakout (RM0.525) with +16.2% potential return
* Last: RM0.52 TP: RM0.565, RM0.61 SL: RM0.475
* 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
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UOBKH Malaysia Trading Idea
26 August 2024
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26 August 2024
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