UOBKH Retail Market Monitor
11 October 2024

FBMKLCI: 1,640.94 (+6.31)
Support: 1,628, 1,600
Resistance: 1,700, 1,735

Bursa Top Gainers:
YTL (+2.5%), CDB (+1.7%), SIME (+1.6%)

Bursa Top Losers:
NESTLE (-1.2%), QL (-0.4%), TENAGA (-0.3%)

Bursa Trade Statistics
Local Institutions (41.20%): -RM33.64m
Local Retail (18.05%): RM-20.29m
Foreign (40.75%): RM53.93m

Global Equity Indexes
MSCI Asia : 191.11 (-0.88, --0.46%)
NASDAQ : 18,282.05 (-9.57, -0.05%)
S&P500 : 5,780.05 (-11.99, -0.21%)
DJIA : 42,454.12 (-57.88, -0.14%)

USD/MYR : 4.2873 (-0.0082)
SGD/MYR : 3.2821 (-0.0038)

Crude Oil : $75.81 (+2.40)
Gold : $2,633.87 (+26.78)

U.S. stocks were lower after the close on Thursday, as losses in the Telecoms, Industrials and Consumer Goods sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.14%, while the S&P 500 index declined 0.21%, and the NASDAQ Composite index lost 0.04%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1575 to 1185 and 114 ended unchanged; on the Nasdaq Stock Exchange, 2005 fell and 1265 advanced, while 140 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) MUHIBAH (KLSE: 5703)
Technical BUY with +28.6% potential return
** Last: RM0.925 TP: RM1.09, RM1.19 SL: RM0.790
** Timeframe: 2 weeks to 2 months
** Shariah: YES

2) NATGATE (KLSE: 0270)
Technical BUY with +35.0% potential return
** Last: RM1.80 TP: RM2.04, RM2.43 SL: RM1.64
** Timeframe: 2 weeks to 2 months
** Shariah: YES

3) HEXTECH (KLSE: 5136)
Technical BUY with+21.9% potential return
** Last: RM1.14 TP: RM1.33, RM1.39 SL: RM1.11
** 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
11 October 2024
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UOBKH Singapore Retail Market Monitor
11 October 2024

Short Term Opportunity:
1) Seatrium Ltd (SGX: 5E2)
Technical BUY range : S$1.99-2.00
Last: S$2.02
TP: S$2.36
SL: S$1.91

2) Jiutian Chemical (SGX: C8R)
Trading buy range: S$0.033-0.034
Last: S$0.035
TP: S$0.042
SL: S$0.032


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

Bersama InvestSmart® Fest 2024
Bijak Labur Hidup Makmur

This year’s InvestSmart® Fest 2024 (“ISF 2024”), themed Bijak Labur Hidup Makmur,in conjunction with the World Investor Week 2024 and Financial Literacy Month 2024. The 3-day event aims to empower the Malaysian public to be a smart investor, particularly in a time when investments scams are rampant.

Visit the UOB Kay Hian Booth No. S08 and S09 for Account Opening Promotion, freebies and more...

See you there from Friday, 11 October to Sunday, 13 October 2024.
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📆 Date: 11 – 13 October 2024
⏰ Time: 10:00 am onwards
📌 Venue: Hall 2 & Hall 3, Mid Valley Exhibition Centre, Mid Valley Mall, Kuala Lumpur.

This event is open to the public and admission is FREE.

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Bersama InvestSmart® Fest 2024
Bijak Labur Hidup Makmur

Visit the UOB Kay Hian Booth No. S08 and S09 for Account Opening Promotion, freebies and more...

See you there from Friday, 11 October to Sunday, 13 October 2024.
__

📆 Date: 11 – 13 October 2024
⏰ Time: 10:00 am onwards
📌 Venue: Hall 2 & Hall 3, Mid Valley Exhibition Centre, Mid Valley Mall, Kuala Lumpur.

This event is open to the public and admission is FREE.

https://www.instagram.com/reel/DA-DjySJKPv/?igsh=OTV6OG01cmp6enVz

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Join our upcoming educational webinar in collaboration with Bursa Malaysia-i.

ABOUT THIS MASTERCLASS

Fundamental Analysis Masterclass | 9:30am – 12:30pm
Presented by Jack Goh, Research Analyst, UOB Kay Hian

Language: English
Registration Link for Online Class FA: https://bit.ly/MasterclassFAOct

Gain skills to evaluate a company's financial health and intrinsic value using financial statements and economic indicators.
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Technical Analysis Masterclass & Trading on Structured Warrants Masterclass | 1:30pm – 5:30pm
Presented by Fakhrul Asyraq, Investment Analyst, UOB Kay Hian and Choong Kum Kie, Equity Derivatives Sales, Macquarie Warrants Malaysia

Language: Bilingual (English and Bahasa)
Registration Link for Online Class TA: https://bit.ly/MasterclassTAOct

Technical Analysis Masterclass: Learn to use chart patterns, trend lines, and indicators to predict market trends and make informed trading decisions.

Trading on Structured Warrants Masterclass: Understand structured warrants, their risks, and rewards, and learn to execute effective trading strategies.
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