UOBKH Trading Ideas

🌍 Overnight News That Moved The Market 📊

🇺🇸 US to curb AI investment in China soon
 
🛢️ Shell says no impact to operations after oil leak in Bukom, Singapore
 
🇨🇳 China's Ping An Insurance posts 36.1% rise in nine-month profit
 
✂️ China cuts key lending rates to support growth
(Source: Reuters)

🌍 Overnight News That Moved The Market 📊

📱 Apple's new iPhone sales in China jump 20% in first 3 weeks, Counterpoint says

🚗 US probes Tesla's Full Self-Driving software in 2.4 mln cars after fatal crash

📈 Netflix hits record high as strong subscriber additions ease growth worries

🇨🇳 China's Q3 GDP hits weakest pace since early 2023, backs calls for more stimulus

🇺🇸 US budget deficit tops $1.8 trillion in fiscal 2024, third-largest on record
(Source: Reuters)

Morning with UOB Kay Hian:
🏦 iFAST Corporation

✔️ Buy iFAST Corp Recommendation

✔️ Buy iFAST at S$7.68-7.70. Stop at S$7.48 and profit target at S$8.44

✔️ Price rebounded from the resistance-turned-support zone, keeping the uptrend intact

✔️ Conversion and base lines remain in a bullish crossover

✔️ MACD is strong and bullish

👩🏻‍💻 UPCOMING WEBINAR

Macro Outlook: Broadening Beyond Developed Markets
📅 Date & Time: 24 Oct (Thu), 6.30pm
👉 Register now

While we wait for the result of the US Elections, we believe that from an investment standpoint, these political moments often serve as inflection points for optimizing portfolio design

Join us on 24 Oct as Dhanajit Ray explores the latest macro developments and highlights key markets and assets that could benefit from the current market environment.

Morning with UOB Kay Hian:
🌾 Wilmar International Results Preview: Weak Growth Expect

✔️ While improved Chinese economic sentiment will increase sales volume of food products, margins remain thin. Sales were also...

✔️ Palm downstream processing margins remain muted. Soybean crushing margins saw an uptick qoq on...

✔️ Plantation is expected to record improved profit before tax yoy and qoq, partially offset by...

Click here for full insights:
https://bit.ly/3Ua4Sof

🌍 Overnight News That Moved The Market 📊

📈 Netflix tops subscriber targets as ad-tier signups grow

⚡️ TSMC bullish on outlook as AI boom blows Q3 profit past forecasts

🚖 Chinese robotaxi firm Pony AI files for US IPO

🇺🇸 Strong discretionary spending buoys US retail sales in September
(Source: Reuters)

🌍 Overnight News That Moved The Market 📊

📈 Morgan Stanley profit exceeds forecasts on dealmaking surge; shares jump to record

💻 Chinese cyber association calls for review of Intel products sold in China

☢️ Amazon.com joins push for nuclear power to meet data center demand

🇨🇳 China's Zeekr launches EV in Australia, eyes New Zealand next
(Source: Reuters)

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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UTRADE Singapore

🌍 Overnight News That Moved The Market 📊

💊 Cancer drug sales lift J&J past Wall Street expectations
 
✂️ ASML cuts sales forecasts in Q3 earnings published early; shares plummet
 
📉 LVMH sales fall 3% as China demand for luxury goods worsens
 
🏦 China banks weigh trimming deposit rates as early as this week, Bloomberg News reports
(Source: Reuters)

Morning with UOB Kay Hian:
✈️ Sia Engineering

✔️ Buy Sia Engineering Recommendation

✔️ Buy Sia Engineering at S$2.37-2.38 Stop at S$2.34 and profit target at S$2.60

✔️ Price could have rebounded from its resistance-turned-support zone, which is also near to the base line support

✔️ Conversion and base lines remain in a bullish crossover

✔️ MACD remains bullish

🌍 Overnight News That Moved The Market 📊

🍎 Nvidia notches record close, could unseat Apple as most valuable company
 
☢️ Google to buy power for AI needs from small modular nuclear reactor company Kairos
 
💻 Adobe starts roll-out of AI video tools, challenging OpenAI and Meta
 
🇨🇳 China's exports miss forecasts as lone bright spot fades
（Source: Reuters)

🌍 Overnight News That Moved The Market 📊

🚖 Tesla's robotaxi event was long on Musk promises. Investors wanted more details.
 
📈 JPMorgan profit beats estimates on investment-banking strength, shares jump
 
🇨🇳 China's deflationary pressures build in Sept, consumer inflation cools
 
🇺🇸 US producer prices flat; higher monthly core inflation expected in September
(Source: Reuters)

Morning with UOB Kay Hian:
🧤Top Glove

✔️ Buy Top Glove Corp Recommendation

✔️ Buy Top Glove at S$0.315-0.320. Stop at S$0.295 and profit target at S$0.370

✔️Price rebounded from the thick cloud support, keeping the uptrend intact

✔️There is a bullish conversion and base lines crossover

✔️MACD is bullish and is rising

Morning with UOB Kay Hian:
👷 Seatrium Ltd

✔️ Buy Seatrium Ltd Recommendation

✔️ Buy Seatrium at S$1.99-2.00. Stop at S$1.91 and profit target at S$2.36

✔️ Price is trading far above the cloud, keeping the strong uptrend intact

✔️ Conversion and base lines remain in a bullish crossover
MACD is strong and bullish

3 Stocks with Strong Dividends You Should Buy Now 📈

Looking for dividend stocks with strong growth potential? In this video, we showcase three stocks that deliver solid dividend yields and impressive upside. Find out how these companies are positioned for future growth in sectors like AI and heavy engineering.

Click the link to watch: https://www.facebook.com/share/r/UiDyhi6yzX9PNn4j/?mibextid=uSdriS

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UTRADE Singapore