Technical Analysis – 05 May 2025

United States | Singapore | Hong Kong | Earnings

Oracle Corp. (ORCL US)

A graph of stock market

AI-generated content may be incorrect.

Shares closed at a high since March 2025 with constructive volume. 5dEMA is about to cross the 50dEMA.
MACD is positive, RSI is constructive.
Long – Entry 148, Target 168, Stop 138

A line in a white background

Description automatically generated

Meta Platforms, Inc. (META US)

Shares closed at a high since March 2025. 5dEMA just crossed the 20dEMA and is about to cross the 200dEMA.
Both RSI and MACD are constructive.
Long – Entry 590, Target 650, Stop 560

^ Back To Top

Singapore Airlines Ltd. (SIA SP)

Shares closed higher above the 5dEMA. 20dEMA just crossed the 50dEMA.
MACD is positive, RSI is constructive.
Buy – Entry 6.75, Target 7.05, Stop 6.60

Q&M Dental Group Ltd. (QNM SP)

Shares closed higher above the 5dEMA with a surge in volume. 20dEMA is about to cross the 50dEMA.
Both RSI and MACD are constructive.
Buy – Entry 0.295 Target 0.315, Stop 0.285

^ Back To Top

Kingdee International Software Grp Co Ltd. (268 HK)

Shares closed higher above the 50dEMA with constructive volume. The 5dEMA just crossed the 20dEMA and is about to cross the 50dEMA.
Both RSI and MACD are constructive.
Long – Entry 13.0, Target 15.0, Stop 12.0

Kingsoft Cloud Holdings Ltd. (3896 HK)

Shares closed higher above the 50dEMA with a surge in volume. 5dEMA is about to cross the 20dEMA.
RSI is constructive and MACD is positive.
Long – Entry 7.10, Target 8.10, Stop 6.60

^ Back To Top

Exxon Mobil Corp. (XOM)

1Q25 Revenue: $83.13B, +0.1% YoY, miss estimates by $2.96B
1Q25 Non-GAAP EPS: $1.76, beat estimates by $0.03
1Q25 Dividend: Exxon Mobil declares $0.99/share quarterly dividend, in line with previous; Forward yield 3.74%; Payable June 10; for shareholders of record May 15; ex-div May 15.
FY25 Guidance: Reiterated its previous guidance of spending between $27bn to $29bn in 2025.
Comment: Exxon Mobil reported earnings that exceeded expectations, supported by strong production growth in the Permian Basin and Guyana, as well as continued cost-cutting efforts. Despite the beat, net profit declined year-over-year due to weaker crude oil prices, which were pressured by concerns that President Donald Trump’s tariffs could dampen global demand. Meanwhile, rising output from the OPEC+ alliance added to supply and further weighed on prices. Looking ahead, the company acknowledged that new projects may face greater exposure to tariffs, though it has not encountered any material disruptions so far. During the quarter, Exxon returned $4.3bn to shareholders via dividends and repurchased $4.8bn in shares, keeping it on track to reach its full-year buyback target of $20bn. 2Q25 recommended trading range: $98 to $110. Neutral Outlook.

埃克森美孚公司 (XOM)

25年第一季营收：831.3亿美元，同比增长0.1%，低于预期29.6亿美元
25年第一季Non-GAAP每股收益：1.76美元，超出预期0.03美元
25年第一季股息：埃克森美孚宣布派发每股0.99美元的季度股息，与前期持平；远期股息收益率为3.74%；支付日为6月10日；股权登记日为5月15日；除息日为5月15日。
25财年指引：重申此前2025年资本支出在270亿至290亿美元之间的指引。
短评：埃克森美孚公布的盈利超出预期，这得益于其在二叠纪盆地和圭亚那的强劲产量增长以及持续的成本削减努力。尽管盈利超出预期，但由于原油价格走软，净利润同比下降。原油价格走软的原因是市场担忧唐纳德·特朗普总统的关税可能会抑制全球需求。与此同时，欧佩克+联盟产量增加也加剧了供应，进一步打压了油价。展望未来，该公司承认新项目可能面临更高的关税风险，但到目前为止尚未遇到任何重大干扰。本季度，埃克森美孚通过股息向股东返还了43亿美元，并回购了48亿美元的股票，使其有望实现全年200亿美元的股票回购目标。25年第二季建议交易区间：98美元至110美元。中性前景。

Chevron Corp. (CVX)

1Q25 Revenue: $47.61B, -2.3% YoY, miss estimates by $780M
1Q25 Non-GAAP EPS: $2.18, beat estimates by $0.03
1Q25 Dividend: Chevron declares $1.71/share quarterly dividend, in line with previous; Forward yield 5.02%; Payable June 10; for shareholders of record May 19; ex-div May 19.
2Q25 Guidance: No guidance provided.
2Q25 Sharebuybacks: Expect to repurchase between $2 billion and $3.5 billion in shares.
Comment: Chevron reported stronger-than-expected earnings but signalled a more cautious approach to capital returns, indicating it will scale back share repurchases in the current quarter amid an uncertain economic outlook. The company’s global production held steady at 3.35mn barrels of oil equivalent per day, unchanged from a year ago, but earnings from its oil and gas segment declined to $3.76bn from $5.24bn. Chevron, like its peers, has faced headwinds from falling crude prices, which have been under pressure since 2^nd April 2following U.S. President Donald Trump’s announcement of sweeping tariffs expected to dampen global economic growth. An unexpected increase in output from OPEC+ has further weighed on prices, which recently hit a four-year low. Chevron expects to remain challenged by softer oil prices in the near term. It now anticipates full-year share repurchases to range between $11.5bn and $13bn, toward the lower end of its previously stated $10bn to $20bn guidance. 2Q25 recommended trading range: $125 to $140. Neutral Outlook.

雪佛龙公司 (CVX)

25年第一季营收：476.1亿美元，同比下降2.3%，低于预期7.8亿美元
25年第一季Non-GAAP每股收益：2.18美元，超出预期0.03美元
25年第一季股息：雪佛龙宣布派发每股1.71美元的季度股息，与前期持平；远期股息收益率为5.02%；支付日为6月10日；股权登记日为5月19日；除息日为5月19日。
25年第二季指引：未提供指引。
25年第二季股票回购：预计回购20亿至35亿美元的股票。
短评：雪佛龙公布的盈利强于预期，但同时也暗示将采取更为谨慎的资本回报方式，表明在当前经济前景不明朗的情况下，将缩减本季度的股票回购规模。该公司全球日产量稳定在335万桶油当量，与去年同期持平，但其石油和天然气部门的盈利从52.4亿美元降至37.6亿美元。与同行一样，雪佛龙也面临着原油价格下跌的不利因素，自4月2日美国总统唐纳德·特朗普宣布预计将抑制全球经济增长的全面关税以来，原油价格一直承压。欧佩克+意外增产进一步打压了油价，近期油价已跌至四年低点。雪佛龙预计短期内仍将面临油价疲软的挑战。该公司目前预计全年股票回购规模将在115亿至130亿美元之间，接近此前100亿至200亿美元指引的下限。25年第二季建议交易区间：125美元至140美元。中性前景。

Apollo Global Management. (APO)

1Q25 Revenue: $978M, miss estimates by $3.9M
1Q25 Non-GAAP EPS: $1.82, miss estimates by $0.02
FY25 guidance: Expect mid-single-digit growth in spread-related earnings. Set targets of managing $1 trillion by 2026 and $1.5 trillion by 2029.
Dividend distribution: Declared a $0.51/share quarterly dividend, 10.3% increase from prior dividend of $0.46, payable May 30; for shareholders of record May 16.
Comment: Apollo Global reported a 5% rise in first-quarter profit, with adjusted net income of US$1.12bn, US$1.82 per share, up from US$1.06bn, US$1.72 per share a year earlier. Fee-related earnings surged 21% to a record US$559mn, driven by US$43bn of inflows, helping boost assets under management by 17% to US$785bn. Despite a slight 1.6% decline in spread-related earnings from its retirement services unit, Apollo remains well-capitalized with US$64bn in unspent capital, positioning it to seize investment opportunities amid market volatility. The firm’s private credit ETF launch with State Street in February reflects its expansion into retail investor markets. Its CEO emphasized strong demand for private assets and expressed confidence in Apollo’s ability to navigate economic uncertainty, including tariff-related dislocation. Apollo reaffirmed long-term AUM targets of US$1 trillion by 2026 and US$1.5 trillion by 2029. Apollo is well-positioned to capitalize on rising investor demand for private assets as investors seek diversification and stability amid economic volatility. Its robust inflows, growing fee-related earnings, and substantial unspent capital provide ample flexibility to deploy capital opportunistically. While near-term volatility and spread compression may weigh on certain segments, Apollo’s diversified platform and pipeline of opportunities set it up to steadily advance toward its long-term goal and will continue to perform as macro conditions stabilize. 2Q25 recommended trading range: $130 to $150. Positive Outlook.

阿波罗全球管理公司 (APO)

25年第一季营收：9.78亿美元，低于预期390万美元
25年第一季Non-GAAP每股收益：1.82美元，低于预期0.02美元
25财年指引：预计利差相关收益将实现个位数中段增长。设定了到2026年管理1万亿美元，到2029年管理1.5万亿美元的目标。
股息分配：宣布派发每股0.51美元的季度股息，较之前的每股0.46美元的股息增加10.3%，将于5月30日支付；登记在册的股东为5月16日。
短评：阿波罗全球管理公司公布第一季度利润增长5%，调整后净利润为11.2亿美元，合每股1.82美元，高于去年同期的10.6亿美元，合每股1.72美元。在430亿美元资金流入的推动下，与费用相关的收益激增21%至创纪录的5.59亿美元，帮助管理资产增长17%至7850亿美元。尽管其退休服务部门的利差相关收益略微下降1.6%，但阿波罗仍然资本充足，拥有640亿美元的未动用资本，使其能够在市场波动中抓住投资机会。该公司2月份与道富银行合作推出私人信贷ETF，反映了其向散户投资者市场的扩张。其首席执行官强调了对私人资产的强劲需求，并对阿波罗应对包括关税相关错位在内的经济不确定性的能力表示信心。阿波罗重申了到2026年管理1万亿美元，到2029年管理1.5万亿美元的长期AUM目标。随着投资者寻求多元化和经济波动中的稳定性，阿波罗已做好充分准备，可以利用投资者对私人资产日益增长的需求。其强劲的资金流入、不断增长的与费用相关的收益以及大量的未动用资本为机会性地部署资本提供了充足的灵活性。虽然短期波动和利差压缩可能会对某些部门构成压力，但阿波罗多元化的平台和机会渠道使其能够稳步朝着长期目标前进，并将继续在宏观经济状况稳定时表现良好。25年第二季建议交易区间：130美元至150美元。积极前景。