UOB Kay Hian Private Wealth Management, Apr 15, 2026
Excerpt from UOB Kay Hian Private Wealth Management report.
Report Summary
- Broadcom (AVGO) and Meta (META): Core Recommendations. Broadcom expanded its partnership with Meta for AI chip infrastructure, with commitments exceeding 1GW through 2029. AVGO shares rose after-market.
- Nike (NKE): Trading Buy. Apple CEO Tim Cook bought 25,000 shares at \$42.43, sending NKE up 2.1% after-market.
- Amazon (AMZN): Core Recommendation. Acquiring Globalstar (GSAT) for \$11.6bn to expand its low-Earth orbit satellite capabilities.
- Johnson & Johnson (JNJ): Core Recommendation. Beat 1Q earnings estimates and raised its full-year outlook on strong drug demand.
- Micron (MU): Analysts see up to 19% upside, with a 12-month target price of \$554.48 as the company enters an upgrade cycle.
- Microsoft (MSFT): Core Recommendation. Expanding data center investment in Cheyenne, Wyoming.
- CATL (300750.SZ): Core Recommendation. Expected to deliver double-digit 1Q revenue and profit growth, driven by global energy storage systems.
- TSMC (TSM): Core Recommendation. May raise 2026 revenue guidance due to strong AI chip demand.
- Alibaba (9988.HK): Core Recommendation. Launching its first quadruped robot via the Amap embodied intelligence unit.
- Tencent (0700.HK): Core Recommendation. Launched cloud deployment for Hermes Agent, supporting AI agent rollout.
- Geely (0175.HK): Core Recommendation. 1Q sales up, driven by new energy vehicles and overseas expansion.
- China Overseas Land & Investment (0688.HK): Technical setup suggests potential upside; resistance at HK\$12.90/13.70, support at HK\$11.70/11.35.
- WuXi Biologics (2269.HK): Technical setup suggests further upside; resistance at HK\$39.30/41.30, support at HK\$35.20/34.10.
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