Although UOBKH is up 10% y-o-y, long-term indicators are pointing to a longer-term upclimb. Short-term indicators are high, but that is because these indicators are the equivalent of the first bounce of a ball after it hits the ground.
The primary beneficiary of a revival of the Singapore stock market is Singapore Exchange (SGX:S68
) (SGX), said Morgan Stanley in November last year. The SGX is a crowded trade.
Another less obvious beneficiary of the revival of the Singapore stock market along with the boost to the Malaysian economy through the Johor-Singapore Special Economic Zone (JS-SEZ) is UOB Kay Hian (UOBKH). UOBKH is not a crowded trade. There is no analyst coverage of the stock.
