UOB Kay Hian Private Wealth Management, March 13, 2026
Excerpt from UOB Kay Hian Private Wealth Management report.
Report Summary
- Global markets are experiencing volatility due to surging oil prices, Middle East tensions, and distress in the private credit market. The S&P 500, gold, and major Asian indices declined, while energy stocks and oil prices soared.
- US banks and private credit funds face pressure amid increased withdrawal requests and markdowns in loan values. Major tech companies like Amazon, Meta, and Microsoft launched new initiatives and are core recommendations from the broker.
- Chinese and Hong Kong markets are affected by oil-driven volatility and supply chain concerns, especially for tech and EV sectors. Key earnings from Tencent, Alibaba, and Xiaomi are upcoming, with Tencent and Alibaba highlighted as core recommendations.
- In Europe, inflation concerns persist with higher energy prices, and major banks are reviewing Asian exposures. BMW forecasts lower earnings due to trade barriers, while RWE plans US expansion in power generation.
- Recent trading ideas include China Everbright Environment and Geely Automobile, both showing strong technical momentum.
- Important macro events ahead include the US FOMC rate decision, US and China economic data, and several high-profile earnings releases.
Above is an excerpt from a report by UOB Kay Hian Private Wealth Management. Clients of UOB Kay Hian can be the first to access the full report from the UOB Kay Hian website: https://research-api.uobkayhian.com/assets/disclaimer/b2112181-0bf2-4c07-af37-3d7129735e61
