Technical Analysis – 24 January 2024
United States | Singapore | Hong Kong | Earnings
Century Aluminium Co. (CENX US)
- Shares closed higher above the 5dEM with a surge in volume. 5dEMA just crossed the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 11.0, Target 12.4, Stop 10.3
Alcoa Corp. (AA US)
- Shares closed higher above the 50dEMA with a surge in volume.
- MACD is about to turn positive, RSI is turning constructive.
- Long – Entry 29.2, Target 32.2, Stop 27.7
Venture Corp. Ltd. (VMS SP)
- Shares closed higher above the 5dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 13.60, Target 14.60, Stop 13.10
UOL Group Ltd. (UOL SP)
- Shares closed higher above the 5dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 6.22, Target 6.62, Stop 6.02
Manulife Financial Corp (945 HK)
- Shares closed above the 20dEMA. The 5dEMA crossed the 20dEMA.
- RSI is constructive, while MACD is negative.
- Long – Entry 165.0, Target 172.6, Stop 161.2
China Taiping Insurance Holdings Co Ltd (966 HK)
- Shares closed above the 5dEMA with rising volume.
- RSI is positive, while MACD is negative.
- Long – Entry 5.88, Target 6.26, Stop 5.69
Schlumberger NV (SLB)
- 4Q23 Revenue: $8.99B, +13.8% YoY, beat estimates by $50M
- 4Q23 Non-GAAP EPS: $0.86 beat estimates by $0.03
- 1Q24 Guidance: Expect revenue growth in the low-teens and EBITDA growth in the mid-teens. Followed by an activity rebound in the second quarter and further acceleration of growth in 2H particularly in the international markets.
- Dividend: Board approved 10% increase in quarterly cash dividend to $0.275 per share from $0.25 per share.
- Comment: Schlumberger reported impressive Q4 financial results with sequential and YoY revenue growth, cycle-high margins, and strong cash flows. The company’s performance was driven by robust sales in digital and the integration of the acquired Aker subsea business. International and offshore markets, along with digital technologies, contributed to continued growth. The FY23 results marked the 10th consecutive quarter of double-digit YoY revenue growth internationally. Schlumberger achieved its full-year financial ambitions, surpassing revenue growth targets and generating significant free cash flow. Looking ahead to 2024, the company expects continued growth in international markets, particularly in the Middle East and Asia. Schlumberger anticipates double-digit international growth, driven by the OneSubsea joint venture and excluding the impact of the Aker contribution and expected decline in Russia. The company aims for further margin expansion, targeting mid-teens YoY EBITDA growth. Additionally, Schlumberger plans to return more than $2.5bn to shareholders in 2024, reflecting confidence in its strong cash flow generation. 1Q24 recommended trading range: $47 to $55. Positive Outlook.
斯伦贝谢公司 (SLB)
- 23财年第四季营收：89.9亿美元, 同比增幅13.8%，超预期5,000万美元
- 23财年第四季Non-GAAP每股盈利：0.86美元，超预期0.03美元
- 24财年第一季指引：预计收入增长在15%左右，EBITDA增长在15%左右。其次是第二季度的活动反弹，下半年的增长进一步加速，特别是在国际市场。
- 股息：董事会批准将季度现金股息从每股0.25美元提高至每股0.275美元，增幅为10%。
- 短评：斯伦贝谢公布了令人印象深刻的第四季度财务业绩，实现了环比和同比收入增长、高利润率和强劲的现金流。该公司的业绩主要得益于数字化业务的强劲销售和收购的Aker海底业务的整合。国际和离岸市场以及数字技术为持续增长做出了贡献。该公司23财年的业绩标志着其国际营收连续第10个季度实现两位数的同比增长。斯伦贝谢实现了全年财务目标，超过了收入增长目标，并产生了可观的自由现金流。展望2024年，该公司预计国际市场，特别是中东和亚洲市场将继续增长。斯伦贝谢预计，在OneSubsea合资公司的推动下，排除Aker贡献和俄罗斯预期下降的影响，斯伦贝谢的国际增长将达到两位数。该公司的目标是进一步扩大利润率，目标是EBITDA的年增长率达到15%左右。此外，斯伦贝谢计划在2024年向股东返还超过25亿美元，这反映了对其强劲现金流产生的信心。24财年第一季度建议交易区间：47美至55美元。积极前景。
