KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis – 12 December 2023

United States | Singapore | Hong Kong | Earnings

Qualcomm Inc (QCOM US) 

A graph of stock market Description automatically generated

  • Shares closed at a high since February above the 5dEMA with an incline in volume. 
  • MACD turned positive, while RSI is at an overbought level. 
  • Long – Entry 135, Target 145, Stop 130 

Intel Corp (INTC US) 

A graph of stock market Description automatically generated
  • Shares closed above the 5dEMA with rising volume. 
  • RSI is constructive, while MACD is negative. 
  • Long – Entry 43.8, Target 48.0, Stop 41.7 

Back To Top

ComfortDelGro Corp Ltd (CD SP) 

  • Shares closed above the 5dEMA with a jump in volume.  
  • RSI is constructive and MACD is positive. 
  • Long – Entry 1.36, Target 1.42, Stop 1.33 

ISDN Holdings Ltd (ISDN SP) 

A graph of stock market Description automatically generated with medium confidence
  • Shares closed above the 50dEMA with an increase in volume. The 5dEMA crossed the 20dEMA. 
  • RSI is constructive and MACD is positive. 
  • Long – Entry 0.345, Target 0.365, Stop 0.335

Back To Top

China Coal Energy Co Ltd (1898 HK) 

  • Shares formed a bullish engulfing pattern and closed above the 5dEMA with an increase in volume. 
  • Both RSI and MACD are constructive. 
  • Long – Entry 6.74, Target 7.14, Stop 6.54 

China Shenhua Energy Co Ltd (1088 HK) 

A graph of stock market Description automatically generated
  • Shares closed above the 50dEMA with rising volume.  
  • RSI is constructive, while MACD is negative. 
  • Long – Entry 24.7, Target 25.7, Stop 24.2 

Back To Top

Oracle Corp (ORCL) 

  • 2Q24 Revenue: $12.94B, +5.4% YoY, miss estimates by $110M 
  • 2Q24 Non-GAAP EPS: $1.34, beat estimates by $0.01 
  • 3Q24 Guidance: Expected adjusted net income of $1.35 to $1.39 per share and 6% to 8% revenue growth vs analysts’ average estimate of about 7.6%. 
  • Comment: Oracle reported mixed Q2 results, missing revenue estimates. Oracle’s cloud services and license support revenue reached $9.64bn, up 12% YoY, but slightly below expectations. Revenue from cloud and on-premises licenses fell 18% YoY to $1.18bn. Cloud infrastructure revenue reached $1.6bn rising 52% YoY, with clients including Elon Musk’s xAI, Halliburton, and Samsung. The company forecasted Q3 revenue below estimates due to an uncertain economy and cloud computing market competition. The impact of Oracle’s acquisition of Cerner last year and sluggish enterprise spending could have contributed to the disappointing results. For the current quarter, Oracle predicts revenue growth, including Cerner, to be slightly below analysts’ average estimate. Despite Oracle’s efforts to strengthen its AI infrastructure, it faces tough competition from industry leaders like Amazon and Microsoft, limiting its potential market share. 3Q24 recommended trading range: $100 to $120. Neutral Outlook. 

甲骨文 (ORCL)  

  • 24财年第二季营收：129.4亿美元, 同比增幅5.4%，逊预期1,100万美元 
  • 24财年第二季Non-GAAP每股盈利：1.34美元，超预期0.01美元  
  • 24财年第三季指引：预计调整后净利润为每股1.35美元至1.39美元，收入增长6%至8%，而分析师的平均预期约为7.6%。 
  • 短评：甲骨文公布了喜忧参半的第二季度业绩，收入低于预期。甲骨文的云服务和许可证支持收入达到96.4亿美元，同比增长12%，但略低于预期。来自云和本地许可的收入同比下降18%，至11.8亿美元。云基础设施收入达到16亿美元，同比增长52%，客户包括埃隆·马斯克的xAI、哈里伯顿和三星。由于不确定的经济前景和云计算市场竞争，该公司预测第三季度收入低于预期。甲骨文去年收购Cerner的影响，以及企业支出的低迷，可能是导致业绩令人失望的原因之一。对于当前季度，甲骨文预计包括Cerner在内的收入增长将略低于分析师的平均预期。尽管甲骨文努力加强其人工智能基础设施，但它面临着来自亚马逊和微软等行业领导者的激烈竞争，限制了其潜在的市场份额。24财年第三季度建议交易区间：100美元至120美元。中性前景。 

Back To Top