UOBKH Retail Market Monitor 25 July 2018

FBMKLCI: 1,762.93 (+4.97)
Support: 1,722, 1,700
Resistance: 1,776, 1,788

Top Gainers:
SIMEPLT (+3.3%) $SIPL / 5285 (SIME DARBY PLANTATION BERHAD)
PPB (+1.7%) $PBBANK / 1295 (PUBLIC BANK BERHAD)
AXIATA (+1.6%) $AXIATA / 6888 (AXIATA GROUP BERHAD)

Top Losers:
DIALOG (-2.1%) $DIALOG / 7277 (DIALOG GROUP BERHAD)
KLCC (-1.5%) $KLCC / 5235SS (KLCC PROPERTY HOLDINGS BERHAD)
MAYBANK (-0.4%) $MAYBANK / 1155 (MALAYAN BANKING BERHAD)

Bursa Trade Statistics:
Local Institutions (49.5%): RM125.9m
Local Retail (28.7%): RM3.2m
Foreign (21.8%): -RM129.1m

MSCI Asia : 166.91 (+0.73%)
S&P 500 : 2,820.40 (+0.48%)
DJIA : 25,241.94 (+0.79%)
NASDAQ : 7,840.77 (-0.01%)

USD/MYR : 4.0670 (+0.0205)
SGD/MYR : 2.9812 (+0.0062)

Crude Oil : $68.72 (+0.94)
Gold : $1,234.60 (+10.60)

US stocks were mixed after the close on Tuesday, as gains in the telecoms, oil & gas and basic materials sectors led shares higher while losses in the consumer services, consumer goods and financials sectors led shares lower. The DJIA rose 0.8% to hit a new 1-month high, the S&P 500 index added 0.5% and the NASDAQ Composite index closed flat. Falling stocks outnumbered advancing ones on the NYSE by 1,648 to 1,394, with 136 ended unchanged. On the Nasdaq Stock Exchange, 1,823 fell and 751 advanced, while 122 ended unchanged.

Stocks to watch:
1) LBS (5789); Technical BUY on breakout (RM0.935) with +35.8% potential return
*Last: RM0.915 Target: RM1.12, RM1.27 Stop: RM0.845
*Timeframe: 2 weeks to 2 months
*Syariah: YES
$LBS / 5789 (LBS BINA GROUP BERHAD)

2) CHINHIN (5273); Technical BUY on breakout (RM0.84) with +32.9% potential return
*Last: RM0.83 Target: RM0.995, RM1.11 Stop: RM0.74
*Timeframe: 2 weeks to 2 months
*Syariah: YES
$CHINHIN / 5273 (CHIN HIN GROUP BERHAD)

3) LIONIND (4235); Technical BUY on breakout (RM0.835) with +41.3% potential return
*Last: RM0.82 Target: RM1.08, RM1.18 Stop: RM0.665
*Timeframe: 2 weeks to 2 months
*Syariah: YES
$LIONDIV / 2887 (LION DIVERSIFIED HOLDINGS BERHAD)

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