KUALA LUMPUR (Aug 3): UOB KayHian Research expects the domestic market to trend up in August, underpinned by eventual loosening of lockdown restrictions and bright spots in the reporting season, the research house said in a note today. UOB KayHian opined that all the stocks are direct or indirect beneficiaries of the economic re-opening which would allow (in phases) the loosening of workforce restrictions and operational re-commencement. It has a "buy" recommendation for the stock with a target price (TP) of RM2.95. As for CIMB (TP: RM5.10), UOB KayHian expects the banking group “to stage the strongest earnings growth among peers” with an estimated two-year CAGR of over 100%. Meanwhile, UOB KayHian opines that markets may soon price in Yinson's (TP: RM7.25) winning chances for imminent PDB (Parque Des Baleais) and Pecan FPSO awards.