UOBKH Retail Market Monitor
13 December 2024
FBMKLCI: 1,602.08 (-1.12)
Support: 1,587, 1,575
Resistance: 1,635, 1,648
Bursa Top Gainers:
PETGAS (+2.2%), SUNWAY (+2.0%), YTLPOWR (+1.7%)
Bursa Top Losers:
CDB (-1.9%), TENAGA (-1.5%), PBBANK (-0.87%)
Bursa Trade Statistics
Local Institutions (44.19%): RM352.00m
Local Retail (18.85%): -RM1.00m
Foreign (36.96%): -RM351.00m
Global Equity Indexes
MSCI Asia : 187.53 (+1.34, +0.72%)
NASDAQ : 19,902.84 (-132.05, -0.66%)
S&P500 : 6,051.25 (-32.94, -0.54%)
DJIA : 43,914.12 (-235.44, -0.53%)
USD/MYR : 4.4412 (+0.0109)
SGD/MYR : 3.2980 (-0.0004)
Crude Oil : $69.92 (-0.44)
Gold : $2,681.21 (-40.21)
US stocks were lower after the close on Thursday, as losses in the Basic Materials, Healthcare and Oil & Gas sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.53%, while the S&P 500 index declined 0.54%, and the NASDAQ Composite index fell 0.65%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,076 to 739 and 69 ended unchanged; on the Nasdaq Stock Exchange, 2,338 fell and 970 advanced, while 112 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ATAIMS (KLSE: 8176)
Technical BUY with +39.7% potential return
* Last: RM0.305 TP: RM0.385, RM0.44 SL: RM0.265
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) KOBAY (KLSE: 6971)
Technical BUY on breakout (RM1.62) with +25.9% potential return
* Last: RM1.51 TP: RM1.87, RM2.04 SL: RM1.34
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) EDARAN (KLSE: 5036)
Technical BUY with +34.6% potential return
* Last: RM1.91 TP: RM2.19, RM2.57 SL: RM1.61
* Timeframe: 2 weeks to 2 months
* Shariah: YES
Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
13 December 2024
FBMKLCI: 1,602.08 (-1.12)
Support: 1,587, 1,575
Resistance: 1,635, 1,648
Bursa Top Gainers:
PETGAS (+2.2%), SUNWAY (+2.0%), YTLPOWR (+1.7%)
Bursa Top Losers:
CDB (-1.9%), TENAGA (-1.5%), PBBANK (-0.87%)
Bursa Trade Statistics
Local Institutions (44.19%): RM352.00m
Local Retail (18.85%): -RM1.00m
Foreign (36.96%): -RM351.00m
Global Equity Indexes
MSCI Asia : 187.53 (+1.34, +0.72%)
NASDAQ : 19,902.84 (-132.05, -0.66%)
S&P500 : 6,051.25 (-32.94, -0.54%)
DJIA : 43,914.12 (-235.44, -0.53%)
USD/MYR : 4.4412 (+0.0109)
SGD/MYR : 3.2980 (-0.0004)
Crude Oil : $69.92 (-0.44)
Gold : $2,681.21 (-40.21)
US stocks were lower after the close on Thursday, as losses in the Basic Materials, Healthcare and Oil & Gas sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average fell 0.53%, while the S&P 500 index declined 0.54%, and the NASDAQ Composite index fell 0.65%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 2,076 to 739 and 69 ended unchanged; on the Nasdaq Stock Exchange, 2,338 fell and 970 advanced, while 112 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) ATAIMS (KLSE: 8176)
Technical BUY with +39.7% potential return
* Last: RM0.305 TP: RM0.385, RM0.44 SL: RM0.265
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) KOBAY (KLSE: 6971)
Technical BUY on breakout (RM1.62) with +25.9% potential return
* Last: RM1.51 TP: RM1.87, RM2.04 SL: RM1.34
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) EDARAN (KLSE: 5036)
Technical BUY with +34.6% potential return
* Last: RM1.91 TP: RM2.19, RM2.57 SL: RM1.61
* 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
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UOBKH Malaysia Trading Idea
13 December 2024
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13 December 2024
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UOBKH Singapore Retail Market Monitor
13 December 2024
Short Term Opportunity:
1) Singapore Post (SGX: S08)
Technical Buy range S$0.580-0.585
Last: S$0.585
TP: S$0.665
SL: S$0.565
2) Oversea-Chinese Banking (SGX: O39)
Technical Buy range S$16.72-16.73
Last: S$16.80
TP: S$18.50
SL: S$16.33
Join UOB Kay Hian Malaysia's Official Telegram Channel
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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
13 December 2024
Short Term Opportunity:
1) Singapore Post (SGX: S08)
Technical Buy range S$0.580-0.585
Last: S$0.585
TP: S$0.665
SL: S$0.565
2) Oversea-Chinese Banking (SGX: O39)
Technical Buy range S$16.72-16.73
Last: S$16.80
TP: S$18.50
SL: S$16.33
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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UOB Kay Hian Malaysia (Official)
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UOBKH Hong Kong Retail Market Monitor
13 December 2024
Short Term Opportunity:
1) Tingyi (Cayman Islands) Holding(HKEX: 322)
Technical BUY range HK$10.46-10.56
Last: HK$10.56
TP: HK$11.00/HK$11.48
SL: HK$9.94
2) Yum China (HKEX: 9987)
Technical BUY range HK$400.00-404.00
Last: HK$393.00
TP: HK$430.00/HK$438.20
SL: HK$369.00
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
13 December 2024
Short Term Opportunity:
1) Tingyi (Cayman Islands) Holding(HKEX: 322)
Technical BUY range HK$10.46-10.56
Last: HK$10.56
TP: HK$11.00/HK$11.48
SL: HK$9.94
2) Yum China (HKEX: 9987)
Technical BUY range HK$400.00-404.00
Last: HK$393.00
TP: HK$430.00/HK$438.20
SL: HK$369.00
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
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Week Ahead
16 - 20 December
🔹As attention shifts to the upcoming FOMC meeting (17-18 Dec), moderating inflation—albeit at a slower pace—provides the Federal Reserve with room to continue its interest rate cutting cycle.
🔹 A 0.25% rate cut at the final meeting of the year appears highly probable, though the pace of reductions may slow as the central bank aims for a soft landing.
🔹 Market expectations currently indicate a 96% likelihood of a 25-basis-point rate cut, with less than 4% anticipating rates to remain unchanged. In this context, we expect the FBMKLCI to trade within the range of 1,615 to 1,625 next week, supported by optimism surrounding the Fed’s rate cut.
🔹 This aligns with our year-end 2024 FBMKLCI target of 1,650. By say this, we expect the composite index resistance is envisaged around 1,616-1,622.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
16 - 20 December
🔹As attention shifts to the upcoming FOMC meeting (17-18 Dec), moderating inflation—albeit at a slower pace—provides the Federal Reserve with room to continue its interest rate cutting cycle.
🔹 A 0.25% rate cut at the final meeting of the year appears highly probable, though the pace of reductions may slow as the central bank aims for a soft landing.
🔹 Market expectations currently indicate a 96% likelihood of a 25-basis-point rate cut, with less than 4% anticipating rates to remain unchanged. In this context, we expect the FBMKLCI to trade within the range of 1,615 to 1,625 next week, supported by optimism surrounding the Fed’s rate cut.
🔹 This aligns with our year-end 2024 FBMKLCI target of 1,650. By say this, we expect the composite index resistance is envisaged around 1,616-1,622.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
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We offer the most comprehensive Wealth Management Suite tailored for every stage of life. Check out the Approved Product Providers available through UOB Kay Hian Group.
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Welcome to the UOB Kay Hian Investment Carnival 1H25
Gear up to supercharge your investment game!
Join our live webinars and unlock powerful insights for local, regional, and global markets.
Check out our latest webinar for a sneak peek into the future:
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p/s: Feel free to share this invitation. All our webinars are open to public.
Thank you.
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#UOBKayHianMalaysia
#UOBKayHian
#UOBKayHianInvestmentCarnival
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Gear up to supercharge your investment game!
Join our live webinars and unlock powerful insights for local, regional, and global markets.
Check out our latest webinar for a sneak peek into the future:
👉 https://www.utrade.com.my/public/banner_content/banner_id_528
👉https://www.utrade.com.my/public/banner_content/banner_id_528
👉https://www.utrade.com.my/public/banner_content/banner_id_528
p/s: Feel free to share this invitation. All our webinars are open to public.
Thank you.
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#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
#UOBKayHianInvestmentCarnival
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