UOB Kay Hian Malaysia (Official)
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Daily local, regional and global stock trading and wealth building investment ideas.

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โ™จ What's Next for Bitcoin in 2024 After the Recent Sell-Off โ™จ

๐Ÿ“… Date: Wednesday, 4 Sep 2024
๐Ÿ•” Time: 11:00am - 12:00pm (1hr)
๐Ÿ“ˆ Mode: Online Webinar
๐Ÿ—ฃ๏ธ Language: English

๐Ÿ”— REGISTER NOW! OPEN TO PUBLIC
https://halogen.my/events/what-s-next-for-bitcoin-in-2024-after-the-recent-sell-off

๐Ÿ”น Bitcoin has seen a remarkable rally over the past few quarters, climbing from around $26,000 in mid-September 2023 to an all-time high of approximately $73,000 in mid-March 2024. How can you add Bitcoin as part of your portfolio? Is now a good time to buy Bitcoin?

#UOBKayHianMalaysia
#MohdSedekJantan
#Bitcoin
#ColinGoh
#HalogenCapital
UOBKH Retail Market Monitor
4 September 2024

FBMKLCI: 1,676.65 (-1.54)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
TENAGA (+2.3%), NESTLE (+1.7%), SUNWAY (+1.2%)

Bursa Top Losers:
CDB (-2.6%), PCHEM (-2.3%), IOICORP (-2.3%)

Bursa Trade Statistics
Local Institutions (43.84%): -RM218.00m
Local Retail (18.10%): +RM23.00m
Foreign (38.06%): +RM195.00m

Global Equity Indexes
MSCI Asia : 185.63 (-0.83,-0.45%)
NASDAQ : 17,136.30 (-577.33, -3.26%)
S&P500 : 5,528.93 (-119.47, -2.12%)
DJIA : 41,563.08 (-626.15, -1.51%)

USD/MYR : 4.3645 (+0.0087)
SGD/MYR : 3.3385 (+0.0060)

Crude Oil : $70.23 (-0.16)
Gold : $2,494.43 (+0.06)

U.S. stocks were lower after the close on Tuesday, as losses in the Technology, Basic Materials and Oil & Gas sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average declined 1.51%, while the S&P 500 index declined 2.12%, and the NASDAQ Composite index lost 3.25%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2135 to 711 and 70 ended unchanged; on the Nasdaq Stock Exchange, 2684 fell and 697 advanced, while 93 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) AEMULUS (KLSE: 0181)
Technical BUY on breakout (RM0.315) with +31.7% potential return
* Last: RM0.305 TP: RM0.375, RM0.415 SL: RM0.275
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) GLOMAC (KLSE: 5020)
Technical BUY on breakout (RM0.41) with +20.7% potential return
* Last: RM0.395 TP: RM0.47, RM0.495 SL: RM0.365
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) MYNEWS (KLSE: 5275)
Technical BUY on breakout (RM0.635) with +17.3% potential return
* Last: RM0.62 TP: RM0.705, RM0.745 SL: RM0.575
* 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
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UOBKH Malaysia Trading Idea
4 September 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
4 September 2024

Short Term Opportunity:
1) Wilmar International (SGX: F34)
Technical Buy range S$3.13-3.14
Last: S$3.14
TP: S$3.35
SL: S$3.08

2) Jiutian Chemical Group (SGX: C8R)
Technical Buy range S$0.022-0.023
Last: S$0.023
TP: S$0.028
SL: S$0.020

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 Hong Kong Retail Market Monitor
4 September 2024

Short Term Opportunity:
1) Hisense Home Appliances Group Co., Ltd(HKEX: 921)
Technical BUY range HK$21.45-21.55
Last: HK$21.55
TP: HK$23.10/HK$25.20
SL: HK$20.20

2) Geely Automobile Holdings Limited (HKEX: 175)
Technical BUY range HK$8.70-8.80
Last: HK$8.93
TP: HK$9.35/HK$9.75
SL: HK$8.35

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
Forwarded from UOBKH Trading Ideas
3 Reasons Why the US Market Still Looks Positive Despite a 2% Drop Overnight ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ“‰

A 2% drop in the S&P 500 within a day is significant. Are recession fears hitting the market? Are investors turning cautious? Watch our latest video with Paul DeVierno as he shares 3 reasons to stay positive on the US market.

Click the link to watch: https://www.facebook.com/share/v/xCccsQNp54WuXRqH/

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DON'T FORGET TO REGISTER FOR THIS WEBINAR!

CIO Series 12: How to Play Defence in an Uncertain World?


๐Ÿ“… Date: Thursday, 19 Sep 2024
๐Ÿ•” Time: 6:30pm - 7:30pm (1hr)
๐Ÿ“ˆ Mode: Online Webinar
๐Ÿ—ฃ๏ธ Language: English

๐Ÿ”— REGISTER NOW! OPEN TO PUBLIC
https://attendee.gotowebinar.com/register/4497465890479774303?source=my

๐Ÿ”นPresented by Qi Wang, CIO, UOB Kay Hian Wealth Management

๐Ÿ”นIn early 2024, we introduced the "barbell strategy" for stock-picking, balancing AI and high-tech innovation on one end with consumer staples on the other. This strategy combines offensive and defensive plays to achieve superior risk-adjusted returns. So far, it has proven successful, with offensive plays like Nvidia (NVDA) up 138% YTD and defensive playslike Walmart (WMT) up 47% YTD, both outperforming the market.

In this CIO Series, we will go into details on how we apply Return on Invested Capital "ROIC" to pick defensive stocks in today's markets.

#UOBKayHianMalaysia
#CIOSeries
UOBKH Retail Market Monitor
5 September 2024

FBMKLCI: 1,670.24 (-6.41)
Support: 1,635, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
SDG (+1.1%), MAYBANK (+0.93%), CDG (+0.81%)

Bursa Top Losers:
PCHEM (-2.1%), SUNWAY (-1.7%), YTLPOWR (-1.5%)

Bursa Trade Statistics
Local Institutions (42.16%): -RM288.00m
Local Retail (18.12%): +RM2.00m
Foreign (39.73%): +RM286.00m

Global Equity Indexes
MSCI Asia : 185.79 (+0.16,+0.09%)
NASDAQ : 17,084.30 (-52.00, -0.30%)
S&P500 : 5,520.07 (-8.86, -0.16%)
DJIA : 40,974.97 (+38.04, +0.09%)

USD/MYR : 4.3375 (-0.0270)
SGD/MYR : 3.3271 (-0.0114)

Crude Oil : $69.40 (+0.20)
Gold : $2,494.96 (-0.76)

US stocks were mixed after the close on Wednesday, as gains in the Consumer Goods, Utilities and Financials sectors led shares higher while losses in the Oil & Gas, Telecoms and Basic Materials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average added 0.09%, while the S&P 500 index fell 0.16%, and the NASDAQ Composite index lost 0.31%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,445 to 1,379 and 88 ended unchanged; on the Nasdaq Stock Exchange, 1,845 fell and 1,469 advanced, while 131 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) HTPADU (KLSE: 5028)
Technical BUY with +35.9% potential return
* Last: RM2.31 TP: RM2.84, RM3.14 SL: RM1.99
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) INFOTEC (KLSE: 0253)
Technical BUY on breakout (RM0.895) with +24.0% potential return
* Last: RM0.865 TP: RM1.02, RM1.11 SL: RM0.775
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) MTEC (KLSE: 0295)
Technical BUY with +28.7% potential return
* Last: RM1.15 TP: RM1.29, RM1.48 SL: RM1.02
* 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
This media is not supported in your browser
VIEW IN TELEGRAM
UOBKH Malaysia Trading Idea
5 September 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
5 September 2024

Short Term Opportunity:
1) HHaier Smart Home Co., Ltd(HKEX: 6690)
Technical BUY range HK$24.60-24.70
Last: HK$24.05
TP: HK$26.20/HK$27.60
SL: HK$23.40

2) NIO Inc (HKEX: 9866)
Technical BUY range HK$34.00-34.20
Last: HK$33.70
TP: HK$36.55/HK$37.60
SL: HK$32.25

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
UOBKH Singapore Retail Market Monitor
5 September 2024

Short Term Opportunity:
1) Thai Beverage (SGX: Y92)
Technical Buy range S$0.520-0.525
Last: S$0.525
TP: S$0.570
SL: S$0.505

2) Sembcorp Industries (SGX: U96)
Technical Buy range S$4.82-4.83
Last: S$4.87
TP: S$5.30
SL: S$4.68

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
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SEVERE WEATHER ANNOUNCEMENT
Affected Markets: HKEX, SSE and SZSE
โš ๏ธโš ๏ธโš ๏ธโš ๏ธโš ๏ธโš ๏ธโš ๏ธโš ๏ธ


HKEX and Northbound markets will be closed during pre-opening and morning session on Friday, 6 September 2024.

Affected markets will resume trading at 2:00 p.m. on Friday, 6 September 2024 however this is subject to change depending on further announcement(s) from HK Observatory.

Reason: Issuance of Typhoon Signal No.8

Thank you.
Forwarded from UOBKH Trading Ideas
How would US Election Day play out? ๐Ÿ‡บ๐Ÿ‡ธ๐Ÿ—ณ

With the battle between Trump and Harris expected to be razor-thin, every stateโ€™s vote will be crucial. Join Paul DeVierno as he shares his expert insights on what to expect on Election Day and the key concerns on investors' minds. Will this election shape the market? Watch now to find out!

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

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