Technical Analysis – 10 September 2024

United States | Singapore | Hong Kong | Earnings

Home Depot Inc (HD US)

• Shares closed above the 20dEMA with rising volume. The 5dEMA crossed the 20dEMA.
• RSI is constructive, while MACD is negative.
• Long – Entry 364 Target 390, Stop 351

Wendy’s Co (WEN US)

• Shares closed at a 3-week high above the 50dEMA. The 5dEMA crossed the 20dEMA.
• RSI is constructive and MACD turned positive.
• Long – Entry 16.9, Target 18.1, Stop 16.3

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Oversea-Chinese Banking Corp Ltd (OCBC SP)

• Shares closed at a one-month high above the 5dEMA with an increase in volume.
• Both RSI and MACD are constructive.
• Long – Entry 14.70, Target 15.38, Stop 14.36

United Overseas Bank Ltd (UOB SP)

• Shares closed above the 5dEMA with rising volume.
• Both RSI and MACD are constructive.
• Long – Entry 31.62 Target 33.26, Stop 30.80

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Livzon Pharmaceutical Group Inc (1513 HK)

• Shares closed above the 200dEMA with an increase in volume.
• RSI is constructive and MACD is positive.
• Long – Entry 25.5, Target 27.5, Stop 24.5

Fuyao Glass Industry Group Co Ltd (3606 HK)

• Shares closed above the 5dEMA with rising volume.
• Both RSI and MACD are constructive.
• Long – Entry 45.0, Target 49.6, Stop 42.7

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Oracle Corp (ORCL)

• 1Q25 Revenue: $13.3B, +6.8% YoY, beat estimates by $60M
• 1Q25 Non-GAAP EPS: $1.39, beat estimates by $0.06
• 1Q25 Dividend: Declared $0.40 per share quarterly dividend, in line with previous
• 2Q25 Guidance: Expect revenue growth of 8% to 10% vs consensus of 8.72% and adjusted earnings per share between $1.45 to $1.49 vs consensus of $1.47 per share.
• Comment: Oracle exceeded market expectations in its first quarter, driven by robust growth in its cloud offerings, especially for AI applications. Total revenue reached US$13.3bn, surpassing analyst estimates. Cloud services revenue climbed 21% to US$5.6bn, contributing significantly to the overall increase. Earnings per share of US$1.39 outpaced forecasts, and net income surged to US$2.93bn. Cloud services and license support revenue grew 10% to US$10.52bn, while cloud infrastructure revenue jumped 45%. Oracle’s partnership with Amazon Web Services, along with collaborations with Microsoft Azure and Google Cloud, is expected to bolster its database services. The company’s Remaining Performance Obligations (RPO) increased by 53% to US$99bn. For the second quarter, Oracle anticipates revenue growth of 8% to 10%, exceeding analyst estimates of 8.72%. Adjusted EPS is projected to be between US$1.45 and US$1.49. The company’s partnership with AWS and plans to expand its data center footprint are expected to address the ongoing supply-demand imbalance in the cloud market, further contributing to revenue growth in the quarter. 2Q25 recommended trading range: $140 to $155. Positive Outlook.

甲骨文 (ORCL)

• 25财年第一季营收：133亿美元，同比增幅6.8%，超预期6,000万美元
• 25财年第一季Non-GAAP每股盈利：1.39美元，超预期0.06美元
• 25财年第一季股息：宣布季度股息每股0.40美元，与此前一致
• 25财年第二季指引：预计营收增长8%至10%，市场预期为8.72%；调整后每股收益在1.45美元至1.49美元之间，市场预期为1.47美元。
• 短评：甲骨文第一季度业绩超出市场预期，这得益于其云服务(尤其是人工智能应用)的强劲增长。总收入达到133亿美元，超过分析师预期。云服务收入增长21%至56亿美元，对整体增长做出了重大贡献。每股收益1.39美元超过预期，净利润飙升至29.3亿美元。云服务和许可证支持收入增长10%，达到105.2亿美元，而云基础设施收入增长45%。甲骨文与亚马逊网络服务的合作，以及与微软Azure和谷歌云的合作，预计将加强其数据库服务。公司的剩余履约义务(RPO)增加了53%，达到990亿美元。甲骨文预计第二季度收入将增长8%至10%，超过分析师预期的8.72%。调整后每股收益预计在1.45美元至1.49美元之间。该公司与AWS的合作以及扩大其数据中心足迹的计划有望解决云市场持续的供需不平衡问题，进一步促进本季度的收入增长。25财年第二季度建议交易区间：140至155美元。积极前景。