UOBKH Retail Market Monitor
17 October 2024

FBMKLCI: 1,623.23 (-9.34)
Support: 1,616, 1,600
Resistance: 1,662, 1,683

Bursa Top Gainers:
GENM (+4.5%), GENTING (+2.0%), MRDIY (+1.4%)

Bursa Top Losers:
SDG (-2.3%), PMETAL (-2.3%), KLK (-2.1%)

Bursa Trade Statistics
Local Institutions (33.43%): -RM78.00m
Local Retail (13.05%): +RM41.00m
Foreign (53.52%): +RM38.00m

Global Equity Indexes
MSCI Asia : 191.79 (-0.54, -0.28%)
NASDAQ : 18,367.08 (+51.49, +0.28%)
S&P500 : 5,842.47 (+27.21, +0.47%)
DJIA : 43,077.70 (+337.28, +0.79%)

USD/MYR : 4.3133 (-0.0085)
SGD/MYR : 3.2917 (-0.0118)

Crude Oil : $70.82 (+0.43)
Gold : $2,675.91 (+2.08)

US stocks were higher after the close on Wednesday, as gains in the Utilities, Financials and Basic Materials sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.79% to hit a new all-time high, while the S&P 500 index gained 0.47%, and the NASDAQ Composite index added 0.28%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 2,113 to 691 and 92 ended unchanged; on the Nasdaq Stock Exchange, 2,431 rose and 892 declined, while 111 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) WELLCAL (KLSE: 7231)
Technical BUY on breakout (RM1.57) with +10.8% potential return
* Last: RM1.54 TP: RM1.69, RM1.74 SL: RM1.47
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) HIGHTEC (KLSE: 7033)
Technical BUY on breakout (RM0.825) with +17.0% potential return
* Last: RM0.775 TP: RM0.92, RM0.965 SL: RM0.745
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) RAMSSOL (KLSE: 0236)
Technical BUY with +26.2% potential return
* Last: RM0.63 TP: RM0.765, RM0.795 SL: RM0.545
* 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 Hong Kong Retail Market Monitor
17 October 2024

Short Term Opportunity:
1) Zhaojin Mining Industry Company Limited(HKEX: 1818)
Technical BUY range HK13.38-13.48
Last: HK$13.52
TP: HK$14.48/HK$14.88
SL: HK$12.70

2) Sino Land Company Limited (HKEX: 83)
Technical BUY range HK$8.50-8.53
Last: HK$8.57
TP: HK$8.88/HK$9.00
SL: HK$8.30

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

Should you Invest in the Banking, Semiconductor or Utility Sectors now? 🤔

As we approach the end of 2024, many anticipated trends have yet to materialise. Will the market continue to surpass expectations and end on a positive note? Join Paul DeVierno as he shares expert insights on banking, semiconductor and utility industries and how they are evolving in the current landscape.

Click the link to watch: https://www.facebook.com/share/v/NFQy1ZR9gMgihmcU/

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UOBKH Malaysia Trading Idea
17 October 2024
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UOBKH Singapore Retail Market Monitor
17 October 2024

Short Term Opportunity:
1) DFI Retail Group Holdings (SGX: D01)
Technical Buy range US$ 2.14-2.15
Last: US$2.18
TP: US$2.34
SL: US$2.05

2) Venture Corp (SGX: V03)
Technical Buy range S$13.77-13.80
Last: S$13.75
TP: S$12.63
SL: S$14.26

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

WEBINAR INVITATION

Finding Magic In The Mundane

📆 Saturday, 26 October 2024
⏰ 9:00am-11.00am
🌐 Register at https://bit.ly/4eXZvR0
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Session 1 • Uncovering Exciting Laggards
Presented by Keith Wee, Director, Research, UOB Kay Hian

The KL Finance index has outperformed the FBMKLCI by 7ppt ytd fueled by a surge in net foreign inflows. Given that sector valuations of 1.25x PBV is currently trading at a relatively rich +1 Standard Deviation (SD) above its historical mean P/B (1.13x) we advocate investors switching to laggards within the sector.

Session 2 • Finding Magic In The Mundane
Presented by Desmond Chong, Head of Research, UOB Kay Hian

The modern adage "wake me up when September ends" continues to resonate as the local market adopts a risk-off stance ahead of the US presidential election in November.
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ANNOUNCEMENT

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🇺🇸US Equities 🇺🇸
Active Traders Campaign

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Promotion Period: 1 October 2024-31 December 2024

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