UOBKH Trading Ideas
3.04K subscribers
1.86K photos
79 videos
643 links
Get your hands on the latest market trends & strategies from our team of experts*!

For more insights, visit our website www.utrade.com.sg or download UTRADE app.

Follow our FB page:
www.facebook.com/UOBKayHian.sg

*Disclaimer on our website applies.
Download Telegram
Morning with UOB Kay Hian:
🌊 Buy Seatrium Ltd Recommendation

βœ”οΈ Buy Seatrium at S$0.079-0.080. Stop at S$0.073 and profit target at S$0.094

βœ”οΈ Price could have formed a possible bottom at S$0.074

βœ”οΈ There is potential divergence warning given from the MACD that hints at possible reversal ahead
🌍 Overnight News That Moved The Market πŸ“Š

πŸš— Elon Musk flies in to meet China's premier as Tesla fights local rivals

🧨 ExxonMobil’s profit falls 28% on weaker gas prices and refining margins

πŸ’Ή Fed’s preferred metric of inflation rose to 2.7% in March

πŸ’° Yen sell-off deepens after BoJ holds rates
(Source: Financial Times)
🌍 Overnight News That Moved The Market πŸ“Š

πŸš™ In China, Elon Musk scores wins on the path to self-driving cars

🍎 Apple shares rise after Bernstein analyst takes bullish stance

πŸ‡¨πŸ‡³ China's BYD shows effects of price war with weaker first-quarter earnings

🏒 Chinese property shares rally on stimulus hopes
(Source: Reuters)
Morning with UOB Kay Hian:
☎️ Singtel (BUY/ S$2.35/ Target: S$2.99)


βœ”οΈ Striking A Deal In Regional Australia...

βœ”οΈ Singtel announced S$3.1b of exceptional non-cash impairment in 2HFY24...

βœ”οΈ Optus announced a network sharing agreement with TPG that will help to strengthen the regional mobile network...

βœ”οΈMaintain BUY with the same DCF-based target price of S$2.99...

Click here for full insights:
https://bit.ly/3webpW9
🌍 Overnight News That Moved The Market πŸ“Š

🍎 Apple set for big sales decline as investors await AI in iPhones

🚘 Tesla retreats from next-generation β€˜gigacasting’ manufacturing process

πŸ“ˆ Qualcomm forecast beats estimates as AI drives chip sales in China

πŸ‡ΈπŸ‡¬ Singapore's DBS says 1st-quarter net profit up 15% to record high, beats forecasts

πŸ›Fed keeps rates unchanged, flags 'lack of further progress' on inflation
(Source: Reuters)
Morning with UOB Kay Hian:
🏨 CDL Hospitality Trusts (CDREIT SP)     BUY
1Q24: Positive Growth With Upward Momentum

βœ”οΈ CDREIT’s volume strategy generated growth in RevPAR of 16.6% yoy to S$205...

βœ”οΈ Chinese tourists contributed and accounted for 18% of visitor arrivals to Singapore...

βœ”οΈ Residential build-to-rent project The Castings in the UK will start contributing in 2H24.

βœ”οΈMaintain BUY for 2024 with a distribution yield of 6.6%. Target price: S$1.48.

Click here for full insights:
https://bit.ly/3Uorh0r
🌍 Overnight News That Moved The Market πŸ“Š

🍎 Apple unveils record $110 billion buyback as results beat low expectations

πŸ“± Qualcomm jumps as AI sparks rebound in Chinese smartphone market

πŸ“ˆ Coinbase posts soaring profit on jump in crypto prices

πŸ‡­πŸ‡° Hong Kong Q1 GDP expands 2.7% on year, tight financial conditions seen
(Source: Reuters)
Morning with UOB Kay Hian:
πŸ— Buy Yoma Strategic Recommendation

βœ”οΈ Buy Yoma Strategic at S$0.046-0.047. Stop at S$0.045 and profit target at S$0.058

βœ”οΈ Price has formed a base low at S$0.039

βœ”οΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead

βœ”οΈ MACD has turned bullish
🌍 Overnight News That Moved The Market πŸ“Š

🍎 Buffett lauds Apple despite lowering stake

πŸ’Š Amgen jumps after teasing weight-loss drug data, rival stocks fall

πŸ‡­πŸ‡° Hong Kong March retail sales down 7%, snapping 15 months of growth

🏒 US job gains fewest in six months as labor market cools
(Source: Reuters)
Morning with UOB Kay Hian:
🧀 Buy Top Glove Corp Recommendation

βœ”οΈ Buy Top Glove at S$0.245-0.250. Stop at S$0.240 and profit target at S$0.285

βœ”οΈ Price broke and closed above the cloud, turning the chart outlook to bullish

βœ”οΈ There is a bullish conversion and base lines crossover that hints at potential upside ahead

βœ”οΈ MACD is bullish and is rising
Morning with UOB Kay Hian:
🌊 Offshore Marine - Singapore


βœ”οΈ Saudi actions injecting uncertainty into jack-up rigs but deepwater demand remains robust...

βœ”οΈ Markets seem nonplussed about Middle East tensions...

βœ”οΈ Bullish US reporting season...

βœ”οΈ The majority of Singapore’s small/mid-cap offshore marine companies have outperformed in the past 12 months...

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