UOB Kay Hian Malaysia (Official)

FBMKLCI Market Closing Commentary
3 Dec 2024

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#FBMKLCIMarketClosingCommentary

UOBKH Hong Kong Retail Market Monitor
3 December 2024

Short Term Opportunity:
1) Haidilao International Holding Ltd. (HKEX: 6862)
Technical BUY range : HK15.96-HK$16.16
Last: HK$16.00
TP: HK$17.18/HK$18.06
SL: Breaks below HK$15.20

2) NetEase, Inc. (HKEX: 9999)
Trading buy range: HK$136.40-HK$138.10
Last: HK$138.10
TP: HK$147.60/HK$152.50
SL: Breaks below HK$131.00

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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 Singapore Retail Market Monitor
3 December 2024

Short Term Opportunity:
1) Sembcorp Ind (SGX: U96)
Technical BUY range : S$5.25-5.26
Last: S$5.28
TP: S$5.66
SL: S$5.06

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

UOBKH Malaysia Trading Idea
3 December 2024
_

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UOBKH Retail Market Monitor
3 December 2024

FBMKLCI: 1,595.48 (+1.19)
Support: 1,575, 1560
Resistance: 1,615, 1,635

Bursa Top Gainers:
PMETAL (+6.5%), KLK (+3.4%), SDG (+3.3%)

Bursa Top Losers:
RHBBANK (-3.0%), YTL (-2.9%), TENAGA (-1.3%)

Bursa Trade Statistics
Local Institutions (36.74%): RM245.57m
Local Retail (19.33%): RM3.20m
Foreign (43.93%): -RM248.77m

Global Equity Indexes
MSCI Asia : 185.05 (+1.63, +0.89%)
NASDAQ : 19,403.95 (+185.78, +0.97%)
S&P500 : 6,047.15 (+14.77, +0.24%)
DJIA : 44,782.00 (-128.65, -0.29%)

USD/MYR : 4.4637 (+0.0132)
SGD/MYR : 3.3163 (+0.0051)

Crude Oil : 68.18 (-0.12)
Gold : 2,642.54 (-3.34)

US stocks were mixed after the close on Monday, as gains in the Technology, Consumer Goods and Consumer Services sectors led shares higher while losses in the Utilities, Telecoms and Financials sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average lost 0.29%, while the S&P 500 index added 0.24%, and the NASDAQ Composite index added 0.96%. Falling stocks outnumbered advancing ones on the New York Stock Exchange by 1,600 to 1,199 and 93 ended unchanged; on the Nasdaq Stock Exchange, 1,731 rose and 1,600 declined, while 94 ended unchanged. (Source: Investing.com)

Stocks To Watch:

1) DSONIC (KLSE: 5216)
Technical BUY on breakout (RM0.415) with +25.3% potential return
** Last: RM0.395 TP: RM0.395, RM0.52 SL: RM0.37
** Timeframe: 2 weeks to 2 months
** Shariah: YES

2) MBSB (KLSE: 1171)
Technical BUY on breakout (RM0.76) with +13.8% potential return
** Last: RM0.75 TP: RM0.825, RM0.865 SL: RM0.715
** Timeframe: 2 weeks to 2 months
** Shariah: YES

3) SNS (KLSE: 0259)
Technical BUY on breakout (RM0.575) with +33.0% potential return
** Last: RM0.53 TP: RM0.695, RM0.765 SL: RM0.465
** 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

ANNOUNCEMENT

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ANNOUNCEMENT

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ANNOUNCEMENT

🇲🇾Bursa Shariah Equities🇲🇾
Active Traders Campaign

Trade in Shariah-compliant stocks on Bursa Malaysia and get the chance to redeem for a Harvey Norman Gift Card worth RM488!

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FBMKLCI Market Closing Commentary
2 Dec 2024

#UOBKayHianMalaysia
#FBMKLCIMarketClosingCommentary

UOBKH Singapore Retail Market Monitor
2 December 2024

Short Term Opportunity:
1) Riverstone (SGX: AP4)
Technical BUY range : S$1.02-1.03
Last: S$1.04
TP: S$1.16
SL: S$0.97

2) Dfirg Usd (SGX: D01)
Technical BUY range : US$2.47-2.48
Last: US$2.55
TP: US$2.70
SL: US$2.40

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

UOBKH Malaysia Trading Idea
2 December 2024
_

Follow our official UOB Kay Hian Instagram page for event and promotional updates: https://www.instagram.com/uobkayhianmalaysia/

#TradingIdea #UOBKayHian #UOBKayHianMalaysia

UOBKH Retail Market Monitor
2 December 2024

FBMKLCI: 1,594.29 (-3.20)
Support: 1,575, 1,560
Resistance: 1,615, 1,635

Bursa Top Gainers:
GENM (+1.9%), PBBANK (+1.4%), RHBBANK (+1.4%)

Bursa Top Losers:
TENAGA (-2.3%), MISC (-2.0%), YTLPOWR (-1.5%)

Bursa Trade Statistics
Local Institutions (39.04%): +RM498.75m
Local Retail (17.90%): +RM46.45m
Foreign (43.06%): -RM542.21m

Global Equity Indexes
MSCI Asia : 183.42 (+0.29, +0.16%)
NASDAQ : 19,218.17 (+157.69, +0.83%)
S&P500 : 6,032.38 (+33.64, +0.56%)
DJIA : 44,910.65 (+188.59, +0.42%)

USD/MYR : 4.4505 (+0.0095)
SGD/MYR : 3.3112 (+0.004)

Crude Oil : $68.30 (-0.54)
Gold : $2,645.88 (+8.47)

The S&P 500 closed at a record high holiday-shortened trading session Friday, wrapping up its best month of 2024. The S&P 500 rose 0.6% to a closing record of 6,032.4, while NASDAQ Composite has gained 0.8% and the Dow Jones Industrial Average rallied 0.4%, or 188 points to a record close. The S&P 500, NASDAQ Composite and Dow Jones Industrial Average were trading up between 5% and 7% for November, having rallied to a series of record highs in the wake of a Trump election victory. (Source: Investing.com)

Stocks To Watch:

1) HEXCAP (KLSE: 0035)
Technical BUY with +34.8% potential return
* Last: RM0.345 TP: RM0.415, RM0.465 SL: RM0.285
* Timeframe: 2 weeks to 2 months
* Shariah: YES

2) IWCITY (KLSE: 1589)
Technical buy on breakout (RM 0.575) with +23.5% potential return
* Last: RM0.55 TP: RM0.665, RM0.71 SL: RM0.515
* Timeframe: 2 weeks to 2 months
* Shariah: YES

3) KENANGA (KLSE: 6483)
Technical buy on breakout (RM 0.94) with +24.5% potential return
* Last: RM0.93 TP: RM1.08, RM1.17 SL: RM0.83
* Timeframe: 2 weeks to 2 months
* Shariah: NO

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

Next Week's Market Outlook
2 - 6 December 2024

🔹The FBMKLCI is likely to maintain its upward momentum in the coming week, though within a constrained range of 1,600 to 1,610.

🔹 While the index briefly slipped into negative territory this week, breaching the key 1,600 psychological level, a rebound appears probable.

🔹 Bargain hunters are likely to seize opportunities following the conclusion of the earnings season, and overall market sentiment remains broadly supportive, underpinned by positive cues from US equity futures.

🔹The upward momentum in US indices suggests continued bullishness, which could spill over into regional markets, including Malaysia.

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