Week Ahead: 13β17 January 2025
π·The December 2024 non-farm payroll report, released on Friday, showed another rise and exceeded median analyst expectations.
π·While this data underscores a healthy labour market, it also triggered market volatility, as investors had anticipated a weaker reading to increase the likelihood of a Federal Reserve rate cut.
π·The stronger-than-expected figures reduce the probability of two rate cuts in 2025, as previously hoped.
π· This rebalancing of expectations weighed on sentiment but should ultimately provide a clearer foundation for the Federal Open Market Committee's (FOMC) decisions moving forward.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
π·The December 2024 non-farm payroll report, released on Friday, showed another rise and exceeded median analyst expectations.
π·While this data underscores a healthy labour market, it also triggered market volatility, as investors had anticipated a weaker reading to increase the likelihood of a Federal Reserve rate cut.
π·The stronger-than-expected figures reduce the probability of two rate cuts in 2025, as previously hoped.
π· This rebalancing of expectations weighed on sentiment but should ultimately provide a clearer foundation for the Federal Open Market Committee's (FOMC) decisions moving forward.
#UOBKayHian
#UOBKayHianMalaysia
#UTRADEMY
#UTRADE
#MohdSedekJantan
#BursaMalaysia
#FBMKLCIWeeklyOutlook
#FBMKLCI
UOBKH Retail Market Monitor
13 January 2025
FBMKLCI: 1,602.41 (+1.60)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
YTL (+1.2%), YTLPOWR (+1.2%), MAXIS (+1.1%)
Bursa Top Losers:
PETDAG (-3.0%), AXIATA (-1.7%), PPB (-1.6%)
Bursa Trade Statistics
Local Institutions (47.31%): RM15.00m
Local Retail (19.43%): RM51.00m
Foreign (33.26%): -RM66.00m
Global Equity Indexes
MSCI Asia : 177.87 (-1.57, -0.87%)
NASDAQ : 19,161.63 (-317.25, -1.63%)
S&P500 : 5,827.04 (-91.21, -1.54%)
DJIA : 41,938.45 (-696.75, -1.63%)
USD/MYR : 4.5180 (+0.015)
SGD/MYR : 3.2931 (+0.0046)
Crude Oil : $78.26 (+1.69)
Gold : $2,689.16 (-0.60)
US stocks were lower after the close on Friday, as losses in the financials, telecoms and technology sectors led shares lower. At the close in the NYSE, the DJIA declined 1.66% to hit a new one-month low, while the S&P 500 index declined 1.55%, and the NASDAQ Composite index lost 1.64%. Falling stocks outnumbered advancing ones on the NYSE by 2241 to 589 and 44 ended unchanged; on the Nasdaq Stock Exchange, 2,527 fell and 784 advanced, while 110 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) UUE (KLSE: 0310)
Technical BUY with +13.9% potential return
* Last: RM0.895 TP: RM0.965, RM1.02 SL: RM0.835
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CLOUDPT (KLSE: 0277)
Technical BUY with +15.8% potential return
* Last: RM1.10 TP: RM1.28, RM1.34 SL: RM0.945
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) UNIQUE (KLSE: 0257)
Technical BUY with +13.8% potential return
* Last: RM0.435 TP: RM0.475, RM0.495 SL: RM0.40
* 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
13 January 2025
FBMKLCI: 1,602.41 (+1.60)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
YTL (+1.2%), YTLPOWR (+1.2%), MAXIS (+1.1%)
Bursa Top Losers:
PETDAG (-3.0%), AXIATA (-1.7%), PPB (-1.6%)
Bursa Trade Statistics
Local Institutions (47.31%): RM15.00m
Local Retail (19.43%): RM51.00m
Foreign (33.26%): -RM66.00m
Global Equity Indexes
MSCI Asia : 177.87 (-1.57, -0.87%)
NASDAQ : 19,161.63 (-317.25, -1.63%)
S&P500 : 5,827.04 (-91.21, -1.54%)
DJIA : 41,938.45 (-696.75, -1.63%)
USD/MYR : 4.5180 (+0.015)
SGD/MYR : 3.2931 (+0.0046)
Crude Oil : $78.26 (+1.69)
Gold : $2,689.16 (-0.60)
US stocks were lower after the close on Friday, as losses in the financials, telecoms and technology sectors led shares lower. At the close in the NYSE, the DJIA declined 1.66% to hit a new one-month low, while the S&P 500 index declined 1.55%, and the NASDAQ Composite index lost 1.64%. Falling stocks outnumbered advancing ones on the NYSE by 2241 to 589 and 44 ended unchanged; on the Nasdaq Stock Exchange, 2,527 fell and 784 advanced, while 110 ended unchanged. (Source: Investing.com)
Stocks To Watch:
1) UUE (KLSE: 0310)
Technical BUY with +13.9% potential return
* Last: RM0.895 TP: RM0.965, RM1.02 SL: RM0.835
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) CLOUDPT (KLSE: 0277)
Technical BUY with +15.8% potential return
* Last: RM1.10 TP: RM1.28, RM1.34 SL: RM0.945
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) UNIQUE (KLSE: 0257)
Technical BUY with +13.8% potential return
* Last: RM0.435 TP: RM0.475, RM0.495 SL: RM0.40
* 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 January 2025
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13 January 2025
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UOB Kay Hian Investment Carnival 1H25
Hottest Investment Themes for Managed Portfolios 1H25
Presenter:
* Mohd Sedek Jantan, Head of Investment Research, UOB Kay Hian Wealth Advisors Malaysia
This webinar will distill essential policies that are set to greatly influence investment portfolios. U.S. trade dynamics, protectionist measures, and the evolving landscape of monetary, cryptocurrency, and immigration policies present a complex web of opportunities and risks for investors at every turn. Discover how these policy changes will redefine portfolios, impact sector performance, and establish market dynamics for the first half of 2025.
ποΈ: Monday, 13 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://register.gotowebinar.com/register/1926952845386903894?source=tg
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View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
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#UOBKayHian
#UOBKayHianInvestmentCarnival
##
Hottest Investment Themes for Managed Portfolios 1H25
Presenter:
* Mohd Sedek Jantan, Head of Investment Research, UOB Kay Hian Wealth Advisors Malaysia
This webinar will distill essential policies that are set to greatly influence investment portfolios. U.S. trade dynamics, protectionist measures, and the evolving landscape of monetary, cryptocurrency, and immigration policies present a complex web of opportunities and risks for investors at every turn. Discover how these policy changes will redefine portfolios, impact sector performance, and establish market dynamics for the first half of 2025.
ποΈ: Monday, 13 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://register.gotowebinar.com/register/1926952845386903894?source=tg
___
View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
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#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
#UOBKayHianInvestmentCarnival
##
UOBKH Singapore Retail Market Monitor
13 January 2025
Short Term Opportunity:
1) DBS Group Holdings (DBS SP) (SGX: D05)
Technical Buy range S$44.39-44.44
Last: S$44.13
TP: S$39.66
SL: S$45.87
2) DFI Retail Group Holdings (SGX: D01)
Technical Buy range US$2.32-2.33
Last: US$2.29
TP: US$2.10
SL: US$2.29
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 January 2025
Short Term Opportunity:
1) DBS Group Holdings (DBS SP) (SGX: D05)
Technical Buy range S$44.39-44.44
Last: S$44.13
TP: S$39.66
SL: S$45.87
2) DFI Retail Group Holdings (SGX: D01)
Technical Buy range US$2.32-2.33
Last: US$2.29
TP: US$2.10
SL: US$2.29
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
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Forwarded from UOB Kay Hian Malaysia (Official)
UOB Kay Hian Investment Carnival 1H25
Malaysia Economic Outlook 1H25:
Implications of Trump 2.0
Presenter:
* Julia Goh, Senior Economist (Malaysia), Executive Director, Global Economics and Markets Research, UOB Malaysia
Our economic outlook for 2025 will now need to put a heavy dose of consideration for the myriad of policies that Trump has planned for US and their implications for the rest of the world. We broadly highlight a few categories of policy measures Trump campaigned for and the effect it could have on the Federal Reserve's monetary policy as well as the US dollar. Join us as we explore these key themes and how it could impact the region and Malaysia.
ποΈ: Thursday, 16 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://attendee.gotowebinar.com/register/2347942653523090264?source=tg
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#UOBKayHian
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##
Malaysia Economic Outlook 1H25:
Implications of Trump 2.0
Presenter:
* Julia Goh, Senior Economist (Malaysia), Executive Director, Global Economics and Markets Research, UOB Malaysia
Our economic outlook for 2025 will now need to put a heavy dose of consideration for the myriad of policies that Trump has planned for US and their implications for the rest of the world. We broadly highlight a few categories of policy measures Trump campaigned for and the effect it could have on the Federal Reserve's monetary policy as well as the US dollar. Join us as we explore these key themes and how it could impact the region and Malaysia.
ποΈ: Thursday, 16 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://attendee.gotowebinar.com/register/2347942653523090264?source=tg
____
View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
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#UOBKayHian
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##
Forwarded from UOB Kay Hian Malaysia (Official)
CIO Series 18: Trump 2.0 and China 2025 β A European Perspective
ππ» Entering 2025, China faces a critical year of recalibrating its economic policies, while the whole world braces for the implications of Trump 2.0. You've likely heard perspectives from both the United States and China, but what about Europe's view? The European Union is still the third largest economy of the world, and a major trading partner of US and China.
ππ» For our next CIO Series, we'll speak with Chris Watling, founder and CEO of UK-based Longview Economics, about their outlook and strategy for 2025.
π Thursday, 16 Jan 2025
β° 6.30pm β 7.30pm
π£οΈ English
π REGISTER NOW!
https://attendee.gotowebinar.com/register/9078369987255088730?source=my
Presenter:
Qi Wang, Chief Investment Officer,
UOB Kay Hian Singapore
Special Guest:
Chris Watling, Founder and CEO
UK-based Longview Economics
#UOBKayHian
#UOBKayHianEvents
#CIOSeries
##
ππ» Entering 2025, China faces a critical year of recalibrating its economic policies, while the whole world braces for the implications of Trump 2.0. You've likely heard perspectives from both the United States and China, but what about Europe's view? The European Union is still the third largest economy of the world, and a major trading partner of US and China.
ππ» For our next CIO Series, we'll speak with Chris Watling, founder and CEO of UK-based Longview Economics, about their outlook and strategy for 2025.
π Thursday, 16 Jan 2025
β° 6.30pm β 7.30pm
π£οΈ English
π REGISTER NOW!
https://attendee.gotowebinar.com/register/9078369987255088730?source=my
Presenter:
Qi Wang, Chief Investment Officer,
UOB Kay Hian Singapore
Special Guest:
Chris Watling, Founder and CEO
UK-based Longview Economics
#UOBKayHian
#UOBKayHianEvents
#CIOSeries
##
UOB Kay Hian Malaysia (Official)
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UOB Kay Hian Investment Carnival 1H25
US & Hong Kong Market Outlook 1H25
Presenters:
* Paul De Vierno, Strategist, Private Wealth Management, UOB Kay Hian Singapore
* Curtis Yeung, Strategist, Retail Research, UOB Kay Hian Hong Kong
US Market Outlook 1H25
An engaging discussion on the U.S. financial markets, where weβll explore the remarkable strength of stocks, especially large cap U.S. growth stocks, since the COVID 19 pandemic. Weβll take a closer look at parallels to the early 2000s, when the tech bubble burst. While large cap growth stocks bore the brunt of that downturn, small cap stocks, with their more reasonable valuations, weathered the storm better and went on to significantly outperform in the subsequent years. However, some argue todayβs small caps may have less growth potential than in years past. Start up growth companies today remain private longer, going public only after reaching large cap status. This talk will shed light on how past market cycles can guide todayβs strategies.
Hong Kong Market Outlook 1H25
Hong Kong stocks traded lower for most of 1H24, hitting a low in mid Sep 24 before rebounding strongly on policy stimulus. With the lower interest rate environment following the policy easing, we expect valuations to be better supported in 2025. A gradual recovery in domestic consumption in China is expected, as the policy easing announced in Sep Oct 24 gains traction. However, uncertainties over the Sino US relations will drive the potential re rating. There is also a major difference between trade war 1.0 and what China may face in trade war 2.0. This seminar will help you to see the big picture and draw up your investment plans.
ποΈ: Wednesday, 15 Jan 2025
β°: 6.30pm β 8.00pm
Language: English
REGISTER HERE: https://attendee.gotowebinar.com/register/5560638662919198816?source=my
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#UOBKayHian
#UOBKayHianInvestmentCarnival
##
US & Hong Kong Market Outlook 1H25
Presenters:
* Paul De Vierno, Strategist, Private Wealth Management, UOB Kay Hian Singapore
* Curtis Yeung, Strategist, Retail Research, UOB Kay Hian Hong Kong
US Market Outlook 1H25
An engaging discussion on the U.S. financial markets, where weβll explore the remarkable strength of stocks, especially large cap U.S. growth stocks, since the COVID 19 pandemic. Weβll take a closer look at parallels to the early 2000s, when the tech bubble burst. While large cap growth stocks bore the brunt of that downturn, small cap stocks, with their more reasonable valuations, weathered the storm better and went on to significantly outperform in the subsequent years. However, some argue todayβs small caps may have less growth potential than in years past. Start up growth companies today remain private longer, going public only after reaching large cap status. This talk will shed light on how past market cycles can guide todayβs strategies.
Hong Kong Market Outlook 1H25
Hong Kong stocks traded lower for most of 1H24, hitting a low in mid Sep 24 before rebounding strongly on policy stimulus. With the lower interest rate environment following the policy easing, we expect valuations to be better supported in 2025. A gradual recovery in domestic consumption in China is expected, as the policy easing announced in Sep Oct 24 gains traction. However, uncertainties over the Sino US relations will drive the potential re rating. There is also a major difference between trade war 1.0 and what China may face in trade war 2.0. This seminar will help you to see the big picture and draw up your investment plans.
ποΈ: Wednesday, 15 Jan 2025
β°: 6.30pm β 8.00pm
Language: English
REGISTER HERE: https://attendee.gotowebinar.com/register/5560638662919198816?source=my
_
View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
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#UOBKayHian
#UOBKayHianInvestmentCarnival
##
UOB Kay Hian Malaysia (Official) pinned Β«UOB Kay Hian Investment Carnival 1H25 US & Hong Kong Market Outlook 1H25 Presenters: * Paul De Vierno, Strategist, Private Wealth Management, UOB Kay Hian Singapore * Curtis Yeung, Strategist, Retail Research, UOB Kay Hian Hong Kong US Market Outlook 1H25β¦Β»
Forwarded from UOB Kay Hian Malaysia (Official)
UOB Kay Hian Investment Carnival 1H25
Hottest Investment Themes for Managed Portfolios 1H25
Presenter:
* Mohd Sedek Jantan, Head of Investment Research, UOB Kay Hian Wealth Advisors Malaysia
This webinar will distill essential policies that are set to greatly influence investment portfolios. U.S. trade dynamics, protectionist measures, and the evolving landscape of monetary, cryptocurrency, and immigration policies present a complex web of opportunities and risks for investors at every turn. Discover how these policy changes will redefine portfolios, impact sector performance, and establish market dynamics for the first half of 2025.
ποΈ: Monday, 13 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://register.gotowebinar.com/register/1926952845386903894?source=tg
___
View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
___
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
#UOBKayHianInvestmentCarnival
##
Hottest Investment Themes for Managed Portfolios 1H25
Presenter:
* Mohd Sedek Jantan, Head of Investment Research, UOB Kay Hian Wealth Advisors Malaysia
This webinar will distill essential policies that are set to greatly influence investment portfolios. U.S. trade dynamics, protectionist measures, and the evolving landscape of monetary, cryptocurrency, and immigration policies present a complex web of opportunities and risks for investors at every turn. Discover how these policy changes will redefine portfolios, impact sector performance, and establish market dynamics for the first half of 2025.
ποΈ: Monday, 13 Jan 2025
β°: 6.00pm β 7.30pm
Language: English
REGISTER HERE: https://register.gotowebinar.com/register/1926952845386903894?source=tg
___
View Other Upcoming Events
πhttps://www.utrade.com.my/public/banner_content/banner_id_528
___
#UOBKayHianEvents
#UOBKayHianMalaysia
#UOBKayHian
#UOBKayHianInvestmentCarnival
##
UOB Kay Hian Malaysia (Official)
UOB Kay Hian Investment Carnival 1H25 Hottest Investment Themes for Managed Portfolios 1H25 Presenter: * Mohd Sedek Jantan, Head of Investment Research, UOB Kay Hian Wealth Advisors Malaysia This webinar will distill essential policies that are set to greatlyβ¦
Join us TODAY for our Hottest Investment Themes for Managed Portfolios 1H25 (English) webinar starting at 6:00 PM.
Register here:
π https://register.gotowebinar.com/register/1926952845386903894?source=tg
Register here:
π https://register.gotowebinar.com/register/1926952845386903894?source=tg
UOBKH Retail Market Monitor
14 January 2025
FBMKLCI: 1,585.59 (-16.82)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
PETDAG (+0.8%), IHH (+0.6%), PMETAL (+0.4%)
Bursa Top Losers:
YTL (-7.6%), YTLPOWR (-5.9%), GAMUDA (-4.2%)
Bursa Trade Statistics
Local Institutions (41.99%): RM225.00m
Local Retail (21.07%): RM100.00m
Foreign (36.95%): -RM326.00m
Global Equity Indexes
MSCI Asia : 175.51 (-2.16, -1.21%)
NASDAQ : 19,088.10 (-73.53, -0.38%)
S&P500 : 5,836.22 (+9.18, +0.16%)
DJIA : 42,297.12 (+358.67, +0.86%)
USD/MYR : 4.4970 (-0.021)
SGD/MYR : 3.2865 (-0.0066)
Crude Oil : $78.84 (+0.02)
Gold : $2,668.13 (+4.97)
U.S. stocks were mixed after the close on Monday, as gains in the Basic Materials, Oil & Gas and Healthcare sectors led shares higher while losses in the Utilities, Technology and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average rose 0.85%, while the S&P 500 index added 0.15%, and the NASDAQ Composite index lost 0.39%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1546 to 1255 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1867 fell and 1442 advanced, while 111 ended unchanged.
Stocks To Watch:
1) AWANTEC (KLSE: 5204)
Technical BUY with +41.7% potential return
* Last: RM0.36 TP: RM0.475, RM0.510 SL: RM0.315
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) ELRIDGE (KLSE: 0318)
Technical BUY on breakout (RM0.48) with +18.5% potential return
* Last: RM0.46 TP: RM0.515, RM0.545 SL: RM0.415
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) SRIDGE (KLSE: 0129)
Technical BUY with +18.6% potential return
* Last: RM0.485 TP: RM0.555, RM0.575 SL: RM0.430
* 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
14 January 2025
FBMKLCI: 1,585.59 (-16.82)
Support: 1,600, 1,589
Resistance: 1,630, 1,648
Bursa Top Gainers:
PETDAG (+0.8%), IHH (+0.6%), PMETAL (+0.4%)
Bursa Top Losers:
YTL (-7.6%), YTLPOWR (-5.9%), GAMUDA (-4.2%)
Bursa Trade Statistics
Local Institutions (41.99%): RM225.00m
Local Retail (21.07%): RM100.00m
Foreign (36.95%): -RM326.00m
Global Equity Indexes
MSCI Asia : 175.51 (-2.16, -1.21%)
NASDAQ : 19,088.10 (-73.53, -0.38%)
S&P500 : 5,836.22 (+9.18, +0.16%)
DJIA : 42,297.12 (+358.67, +0.86%)
USD/MYR : 4.4970 (-0.021)
SGD/MYR : 3.2865 (-0.0066)
Crude Oil : $78.84 (+0.02)
Gold : $2,668.13 (+4.97)
U.S. stocks were mixed after the close on Monday, as gains in the Basic Materials, Oil & Gas and Healthcare sectors led shares higher while losses in the Utilities, Technology and Consumer Services sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average rose 0.85%, while the S&P 500 index added 0.15%, and the NASDAQ Composite index lost 0.39%. Rising stocks outnumbered declining ones on the New York Stock Exchange by 1546 to 1255 and 73 ended unchanged; on the Nasdaq Stock Exchange, 1867 fell and 1442 advanced, while 111 ended unchanged.
Stocks To Watch:
1) AWANTEC (KLSE: 5204)
Technical BUY with +41.7% potential return
* Last: RM0.36 TP: RM0.475, RM0.510 SL: RM0.315
* Timeframe: 2 weeks to 2 months
* Shariah: YES
2) ELRIDGE (KLSE: 0318)
Technical BUY on breakout (RM0.48) with +18.5% potential return
* Last: RM0.46 TP: RM0.515, RM0.545 SL: RM0.415
* Timeframe: 2 weeks to 2 months
* Shariah: YES
3) SRIDGE (KLSE: 0129)
Technical BUY with +18.6% potential return
* Last: RM0.485 TP: RM0.555, RM0.575 SL: RM0.430
* 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