External broker reports(aggregated public sources), RHB Invest

RHB Invest

External broker reports(aggregated public sources)

RHB Investment Bank is one of the leading capital market players in Malaysia. Supported by an award-winning research team of experienced product specialists, RHB Group Investment Banking offers a full range of investment banking products and services covering primary markets, such as advisory (corporate & debt restructuring, mergers and acquisitions, takeovers), fundraising via both equity and debt instruments, and secondary markets including securities trading for both institutional and retail clients. 

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Technical Analysis

<ul><li>Maintain long position. The HSIF extended its retracement on Friday, shedding 195 pts to close at 23,853 pts.</li><li>The index opened at 24,054 pts and briefly climbed to 24,192 pts before profit-taking dragged it towards the intraday trough at 23,745 pts.</li><li>It ended near the day’s low with a bearish candlestick, signalling a pause in the recent bullish momentum. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Maintain long position. The HSIF extended its retracement on Friday, shedding 195 pts to close at 23,853 pts.The index opened at 24,054 pts and briefly climbed to 24,192 pts before profit-taking dragged it towards the intraday trough at 23,745 pts.It ended near the day’s low with a bearish candlestick, signalling a pause in the recent bullish momentum. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Retail Research - Hang Seng Index Futures: Bullish Structure Remains Despite Pullback

<ul><li>Stay on long position. The HSIF underwent a retracement on Thursday, snapping its recent rally with a 295-pt decline to settle at 24,048 pts.</li><li>The index opened at 24,333 pts and briefly climbed to the session’s high of 24,401 pts before profittaking activities dragged it down to an intraday low of 23,974 pts.</li><li>It closed near the day’s low with a bearish candlestick, reflecting a pause in the bullish momentum. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Stay on long position. The HSIF underwent a retracement on Thursday, snapping its recent rally with a 295-pt decline to settle at 24,048 pts.The index opened at 24,333 pts and briefly climbed to the session’s high of 24,401 pts before profittaking activities dragged it down to an intraday low of 23,974 pts.It closed near the day’s low with a bearish candlestick, reflecting a pause in the bullish momentum. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hang Seng Index Futures: Healthy Pullback Within An Uptrend; Bullish Setup Still Intact

Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Thematic (Sector/Industry)

<ul><li>The SET remained volatile, pressured by the weaker Hang Seng and ongoing US-China trade war concerns, which have weighed on Chinese DR stocks.</li><li>However, PTT's share buyback sparked buying interest, alongside gains in banking and ICT shares while foreign investors turned to buy, enabling the index to close up 1.09% compared to the previous week.</li><li>Despite only a slight rebound, the index standing above 1,183 points and forming a positive price pattern suggests that it still has positive momentum and room for a technical rebound toward the downtrend line resistance.</li></ul>

The SET remained volatile, pressured by the weaker Hang Seng and ongoing US-China trade war concerns, which have weighed on Chinese DR stocks.However, PTT's share buyback sparked buying interest, alongside gains in banking and ICT shares while foreign investors turned to buy, enabling the index to close up 1.09% compared to the previous week.Despite only a slight rebound, the index standing above 1,183 points and forming a positive price pattern suggests that it still has positive momentum and room for a technical rebound toward the downtrend line resistance.

External broker reports(aggregated public sources), CardinalStone

CardinalStone

CardinalStone is an independent, multi-asset investment management firm offering an assortment of financial services to a diverse institutional, high net worth and retail clientele base. The company began operations in June 2008 and its business is conducted across six divisions – Investment Banking, Asset Management, Securities Trading, Trust Services, Registrar Services and Financing. Headquartered in Lagos with offices in Abuja, Nigeria, the firm and its licensed subsidiaries diligently works with its clients to create bespoke solutions for their needs.

<ul><li>Global equity markets continued their bearish trend in October, with the MSCI World Index declining by 1.3% and the MSCI Emerging Markets Index dropping by 4.5%.</li><li>These declines were primarily driven by the significant sell-offs in major technology stocks and limited followthrough on anticipated stimulus measures from Beijing.</li><li>In the U.S. market, both the S&amp;P 500 and the NASDAQ appeared set to close the month with gains stemming from expectations of tamer monetary policies and positive data (YoY inflation printing lower at 2.4% and YoY unemployment rate holding steady at 4.1%), signalling a “soft landing”. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Global equity markets continued their bearish trend in October, with the MSCI World Index declining by 1.3% and the MSCI Emerging Markets Index dropping by 4.5%.These declines were primarily driven by the significant sell-offs in major technology stocks and limited followthrough on anticipated stimulus measures from Beijing.In the U.S. market, both the S&amp;P 500 and the NASDAQ appeared set to close the month with gains stemming from expectations of tamer monetary policies and positive data (YoY inflation printing lower at 2.4% and YoY unemployment rate holding steady at 4.1%), signalling a “soft landing”. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Macroeconomics

<ul><li>In September, global equities performances were largely shaped by key monetary policy decisions of major central banks, including the U.S. Federal Reserve, Bank of England, ECB, and Bank of Japan.</li><li>The dovish stance of the U.S. Federal Reserve, which initiated a 50-bps rate cut after 14 months of holding rates steady, fueled positive sentiments across some markets, pushing the MSCI World Index up by 1.69%.</li><li>Elsewhere, the MSCI Emerging Markets Index rose by 6.45%, supported by Chinese stimulus efforts.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

In September, global equities performances were largely shaped by key monetary policy decisions of major central banks, including the U.S. Federal Reserve, Bank of England, ECB, and Bank of Japan.The dovish stance of the U.S. Federal Reserve, which initiated a 50-bps rate cut after 14 months of holding rates steady, fueled positive sentiments across some markets, pushing the MSCI World Index up by 1.69%.Elsewhere, the MSCI Emerging Markets Index rose by 6.45%, supported by Chinese stimulus efforts.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Hong Kong

The Hang Seng Index is a free-float capitalization-weighted index of a selection of companies from the Stock Exchange of Hong Kong. The components of the index are divided into four subindices: Commerce and Industry, Finance, Utilities, and Properties. The index was developed with a base level of 100 as of July 31, 1964.

Hang Seng Index (HSI INDEX)

Retail Research - Hang Seng Index Futures: Bullish Structure Remains Despite Pullback

The index opened at 24,054 pts and briefly climbed to 24,192 pts before profit-taking dragged it towards the intraday trough at 23,745 pts.

RHB Invest

Hang Seng Index Futures: Healthy Pullback Within An Uptrend; Bullish Setup Still Intact

Stay on long position. The HSIF underwent a retracement on Thursday, snapping its recent rally with a 295-pt decline to settle at 24,048 pts.

RHB Invest

Technical Analysis - MARCH 24, 2025

The SET remained volatile, pressured by the weaker Hang Seng and ongoing US-China trade war concerns, which have weighed on Chinese DR stocks.

Krungthai XSpring

Monthly Equities - October 2024

Global equity markets continued their bearish trend in October, with the MSCI World Index declining by 1.3% and the MSCI Emerging Markets Index...

CardinalStone

Monthly Equities - September 2024

In September, global equities performances were largely shaped by key monetary policy decisions of major central banks, including the U.S. Federal...

CardinalStone