UOBKH Trading Ideas

Morning with UOB Kay Hian: 🏢 Buy Keppel DC REIT Recommendation ✔️ Buy Keppel DC REIT at S$1.76-1.77. Stop at S$1.71 and profit target at S$1.99 ✔️ Price is trading above the cloud, keeping the uptrend intact ✔️ There is a bullish conversion and base lines crossover that hints at potential upside ahead ✔️ MACD is bullish and is rising

🌍 Overnight News That Moved The Market 📊 🛒 Walmart's strong forecast sparks stock surge to record high ⚙️ Baidu 'confident' AI will sustain growth after sluggish first quarter ⚽ JD.com's low price strategy helps revenue beat expectations 🇺🇸 US labor market fairly tight, broader economy losing steam (Source: Reuters)

👩🏻‍💻 UPCOMING WEBINAR Singtel FY24 Results: Insights For Retail Investors 📅 Date & Time: 27 May (Mon), 6.30pm 👉 Register now: https://bit.ly/3UGBqWt Join us for an exclusive webinar presenting the financial outcomes and strategic insights from Singtel's FY24 results. This session is designed specifically for retail investors looking to understand the implications of the latest financial data and what it means for their investments. Securing High Income in Uncertain Times: Strategies for Resilient Investment 📅 Date & Time: 30 May (Thu), 6.30pm 👉 Register now: https://bit.ly/3UXPqMP Join us for a webinar where PIMCO will share their latest economic outlook and two income-yielding strategies. Learn why timing the market is less important than time in the market.

Morning with UOB Kay Hian: 💲 Riverstone (RSTON SP/BUY/TP S$1.12) ✔️ Beneficiary of US tariff hike and glovemaker with the most attractive valuation; raise target price by 12%... ✔️ Riverstone is set to benefit from the higher US tariffs on China’s gloves... ✔️ Moreover, Riverstone offers the most attractive valuation in the glove industry... ✔️ Maintain BUY with a 12% higher PE-based target price of S$1.12... Click here for full insights: https://bit.ly/3QM2AtR

🌍 Overnight News That Moved The Market 📊 🎟️ Netflix hits 40 million users for ad-supported plan 🇨🇳 China's Nio launches Onvo brand to challenge Tesla's best-selling model 🛫 Singapore Airlines posts record annual profit, flags challenging macro 💹 Fed gets some good news on inflation progress (Source: Reuters)

🌍 Overnight News That Moved The Market 📊 ⚙️ Alphabet debuts beefed-up AI search and chatbot as competition heats up 🇨🇳 China's Alibaba profit tumbles 86% though revenue beats estimates 🧳 Walmart to cut jobs at headquarters, relocate others 💲 Biden hikes tariffs on Chinese EVs, computer chips, medical products (Source: Reuters)

Morning with UOB Kay Hian: 🛩️ SIA Engineering (SIE SP/BUY/TP: S$2.70) ✔️ FY24: Core Net Profit In Line; Expect Further Earnings Recovery In FY25... ✔️ SIAEC’s FY24 core net profit of S$121m (+135% yoy) was spot on against our forecast... ✔️ *FY25 outlook: Business volume recovery continues... ✔️ Maintain BUY on SIA Engineering... Click here for full insights: https://bit.ly/44IukFx

🌍 Overnight News That Moved The Market 📊 ⚙️ OpenAI unveils new AI model as competition heats up 🏢 Intel nears $11b deal with Apollo for Ireland factory, WSJ reports 🧳 Amazon to invest $1.3b in France, create 3,000 jobs 🇨🇳 China to kick off 1 trillion yuan stimulus bond issues this week (Source: Reuters)

🌍 Overnight News That Moved The Market 📊 🌐 OpenAI plans to announce Google search competitor on Monday, sources say 🍟 McDonald's considering $5 meal deal launch to draw diners, source says ⚙️ Chinese chip maker SMIC books 20% surge in quarterly revenue but wary about future demand 💲 New Biden tariffs on China's EVs, solar, medical supplies due Tuesday - sources (Source: Reuters)

Morning with UOB Kay Hian: ✈️ Buy Sia Engineering Recommendation ✔️ Buy Sia Engineering at S$2.27-2.28. Stop at S$2.23 and profit target at S$2.42 ✔️ Price rebounded from the base line which is acting as support ✔️ Conversion and base lines remain in a bullish crossover ✔️ MACD is bullish and is rising