United States | Singapore | Hong Kong | Earnings
Ur Energy Inc. (URG US)
- Shares closed higher above the 5dEMA. 5dEMA recently crossed 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 1.53, Target 1.63, Stop 1.48
Uranium Royalty Corp. (UROY US)
- Shares closed higher above the 5dEMA. 5dEMA is about to cross the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 2.70, Target 3.00, Stop 2.55
Rex International Holdings (REXI SP)
- Shares closed above the 50dEMA.
- MACD is negative, RSI is turningconstructive.
- Long – Entry 0.178, Target 0.194, Stop 0.170
Genting Singapore Ltd. (GENS SP)
- Shares closed higher below the 5dEMA with constructive volume.
- MACD is positive, RSI is constructive.
- Long – Entry 0.830 Target 0.870 Stop 0.810
Shandong Gold Mining Co Ltd (1787 HK)
- Shares closed above the 20dEMA with rising volume. The 5dEMA crossed the 20dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 15.06, Target 16.00, Stop 14.59
CGN Mining Co Ltd (1164 HK)
- Shares closed above the 5dEMA with an increase in volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 1.26, Target 1.46, Stop 1.16
Schlumberger NV (SLB)
- 3Q23 Revenue: $8.31B, +11% YoY, miss estimates by $10M
- 3Q23 Non-GAAP EPS: $0.78, beat estimates by $0.01
- 4Q23 Guidance: Expect sequential fourth quarter revenue growth to be in the high-single digits with pre-tax margins remaining at the same high-level it achieved in the third quarter. The outlook includes the contribution from the recently acquired Aker subsea business, which will be consolidated under its Production Systems division starting in the fourth quarter. The Aker subsea business is expected to contribute approximately $400 million to $500 million of incremental revenue in the fourth quarter with pre-tax operating margins in the low teens.
- Dividend: Board approved quarterly cash dividend of $0.25 per share
- Comment: In Q3, the company reported mixed results with revenue missing estimates and EPS surpassing estimates. Revenue and adjusted EBITDA increased sequentially and YoY, while free cash flow reached $1 billion for the second consecutive quarter. Internationally, the company achieved its highest revenue quarter since 2015, particularly in the Middle East & Asia, driven by significant growth in several countries. Furthermore, the company’s focus on quality revenue, technological differentiation, and strong international growth contributed to margin expansion. This performance was also reflected in the newly formed OneSubsea Joint Venture with Aker Solutions and Subsea7. The company’s digital efforts, including the Delfi platform and autonomous drilling solutions, continue to gain traction, and it is actively engaged in the new energy and transition technologies sector, addressing methane emissions and CCUS projects. In the current quarter, the company anticipates continued sequential revenue growth, particularly driven by year-end digital sales, and high-quality international revenue; it expects to achieve its full-year financial ambitions, marking strong growth and profitability. Furthermore, we anticipate that it will continue to benefit from the growing demand for oil and gad in the international and offshore markets. 4Q23 recommended trading range: $58 to $65. Neutral Outlook.
斯伦贝谢 (SLB)
- 23财年第三季营收：831亿美元, 同比增幅11%，逊预期1,000万美元
- 23财年第三季GAAP每股盈利：0.78美元，超预期0.01美元
- 23财年第四季指引：预计第四季度营收增长将达到高个位数，税前利润率将保持与第三季度相同的水平。该展望包括最近收购的Aker海底业务的贡献，该业务将从第四季度开始整合到其生产系统部门。Aker海底业务预计将在第四季度贡献约4亿至5亿美元的增量收入，税前营业利润率为10%左右。
- 股息：董事会批准了每股0.25美元的季度现金股利
- 短评：在第三季度，该公司公布了喜忧参半的业绩，收入低于预期，每股收益超过预期。营收和调整后的息税折旧摊销前利润(EBITDA)均环比增长，自由现金流连续第二个季度达到10亿美元。在国际上，该公司实现了自2015年以来最高的收入季度，特别是在中东和亚洲，受到几个国家显着增长的推动。此外，该公司对高质量收入、技术差异化和强劲的国际增长的关注有助于利润率的扩大。与Aker Solutions和Subsea7新成立的OneSubsea合资公司也反映了这一业绩。该公司的数字化努力，包括Delfi平台和自主钻井解决方案，继续获得动力，并积极参与新能源和转型技术领域，解决甲烷排放和CCUS项目。在本季度，公司预计收入将持续增长，特别是在年底数字销售和高质量国际收入的推动下;该公司预计将实现全年财务目标，实现强劲增长和盈利。此外，我们预计它将继续受益于国际和海上市场对石油和天然气日益增长的需求。23财年第四季度建议交易区间：55美元至65美元。中性前景。
American Express Co (AXP)
- 3Q23 Revenue: $15.38B, +13.4% YoY, beat estimates by $20M
- 3Q23 GAAP EPS: $3.30, beat estimates by $0.36
- FY23 Guidance: remains confident it can achieve revenue growth and consistent with its previous annual guidance, which is $11.00-$11.40 EPS and 15%-17% revenue growth.
- Comment: The company reported a strong set of results with its sixth consecutive quarter of record revenue on 3Q23, benefitting from continued business momentum, better volumes and higher card member spending. The company also highlighted that consumers and businesses are still eager to spend on leisure activities, with travel and entertainment spending up 13%, driven largely by restaurant visits. With Millennial and Gen Z customers being the company’s fast growing demographic, the company remains positive about its continued ability to attract these younger customers.While credit quality remained strong with net write-off and delinquency rates still below pre-pandemic levels, the provision for credit losses grew 58% to $1.2 billion from the year-ago quarter due to a higher level of write-offs. The University of Michigan consumer sentiment for the US fell to 63 in October 2023 from 68.1 in September, the lowest in five months, indicated that there may be headwinds on consumer spendings for the next few months. 4Q23 recommended trading range: $130 to $160. Neutral Outlook.
美国运通 (AXP)
- 23财年第三季营收：153.8亿美元, 同比增幅13.4%，超预期2,000万美元
- 23财年第三季GAAP每股盈利：3.30美元，超预期0.36美元
- 23财年指引：该公司仍有信心实现收入增长，并与此前的年度预期保持一致，即每股收益11.00至11.40美元，收入增长15%至17%。
- 短评：该公司公布了一系列强劲的业绩，其第三季度收入连续第六个季度创纪录，受益于持续的业务增长势头、更好的销量和更高的信用卡会员支出。该公司还强调，消费者和企业仍然渴望在休闲活动上花钱，旅游和娱乐支出增长了13%，主要是受餐馆消费的推动。随着千禧一代和Z世代客户成为该公司快速增长的客户群，该公司对其继续吸引这些年轻客户的能力保持乐观。尽管信贷质量依然强劲，净冲销和拖欠率仍低于疫情前水平，但由于冲销水平较高，信贷损失准备金较上年同期增长58%，达到12亿美元。密歇根大学公布的美国消费者信心指数从9月份的68.1降至2023年10月的63，为5个月来的最低水平，表明未来几个月消费者支出可能面临不利因素。23财年第四季度建议交易区间：130美元至160美元。中性前景。
