KGI Research Singapore

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

Technical Analysis – 14 June 2024

United States | Singapore | Hong Kong | Earnings

Axcelis Technologies Inc. (ACLS US)

  • Shares closed at a 7-month high above the 5dEMA with rising volume.
  • MACD is positive, while RSI is at an overbought level.
  • Long – Entry 138, Target 150, Stop 132
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Super Micro Computer Inc (SMCI US)

  • Shares closed above the 50dEMA with an increase in volume. The 5dEMA is about to cross the 20dEMA.
  • RSI is constructive and MACD turned positive.
  • Long – Entry 823, Target 897, Stop 786

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Venture Corp Ltd (VMS SP)

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  • Shares closed above the 50dEMA. The 200dEMA crossed the 50dEMA.
  • RSI is constructive and MACD turned positive.
  • Long – Entry 13.96, Target 14.70, Stop 13.59

Nanofilm Technologies International Ltd (NANO SP)

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  • Shares closed above the 5dEMA with rising volume.
  • RSI is constructive, while MACD is negative.
  • Long – Entry 0.785, Target 0.850, Stop 0.753

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CLP Holdings Ltd (2 HK)

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  • Shares closed above the 5wEMA with rising volume.
  • RSI is constructive and MACD is positive.
  • Long – Entry 65.7, Target 69.9, Stop 63.6
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Huaneng Power International Inc (902 HK)

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  • Shares closed at a 52-week high above the 5wEMA.
  • Both RSI and MACD are constructive.
  • Long – Entry 5.5, Target 5.9, Stop 5.3

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Oracle Corp (ORCL)

  • 4Q24 Revenue: $14.29B, +3.3% YoY, miss estimates by $280M
  • 4Q24 Non-GAAP EPS: $1.63, miss estimates by $0.02
  • FY25 Guidance: Expect double digit revenue growth. Expects each successive quarter to grow faster than the previous.
  • Comment: Despite a 20% rise in cloud revenue to US$5.3bn in the fourth quarter, Oracle’s total revenue of US$14.29bn fell short of analysts’ expectations of US$14.55bn, and its adjusted EPS of US$1.63 missed the US$1.65 estimate. The company’s remaining performance obligations reached US$98bn, a 44% increase YoY. Oracle projected double-digit revenue growth for FY25, driven by strong demand for its AI-powered cloud services. The company announced partnerships with OpenAI and Google Cloud to enhance its cloud infrastructure. Its CEO noted that Oracle’s Cloud Infrastructure (OCI) capacity is expected to grow each quarter. In Q4, Oracle secured over US$12.5bn in AI sales contracts, including a significant deal with OpenAI for training ChatGPT. Oracle’s AI investments are part of its strategy to compete with cloud leaders like Microsoft. Looking ahead as AI powered cloud demand continues, Oracle’s clients will continue to ramp up their spending, benefiting the company’s top lines. 1Q25 recommended trading range: $130 to $150. Positive Outlook.

甲骨文 (ORCL)

  • 24财年第四季营收：142.9亿美元，同比增幅3.3%，逊预期2.8亿美元
  • 24财年第四季Non-GAAP每股盈利：1.63美元，逊预期0.02美元
  • 25财年指引：预计营收将实现两位数增长。预计每个季度的增长速度都将超过前一个季度。
  • 短评：尽管第四季度云收入增长了20%，达到53亿美元，但甲骨文的总收入为142.9亿美元，低于分析师预期的145.5亿美元，调整后每股收益为1.63美元，低于1.65美元的预期。公司的剩余履约合同规模达到980亿美元，同比增长44%。甲骨文预计，受人工智能云服务强劲需求的推动，其25财年收入将实现两位数增长。该公司宣布与OpenAI和谷歌云合作，以增强其云基础设施。该公司首席执行官指出，甲骨文的云基础设施(OCI)容量预计每个季度都会增长。在第四季度，甲骨文获得了超过125亿美元的人工智能销售合同，其中包括与OpenAI训练ChatGPT的重要交易。甲骨文的人工智能投资是其与微软等云计算领导者竞争战略的一部分。展望未来，随着人工智能驱动的云需求持续增长，甲骨文的客户将继续增加支出，从而使公司的收入受益。25财年第一季度建议交易区间：130美元至150美元。积极前景。