KGI Research Singapore

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

Technical Analysis – 17 April 2024

United States | Singapore | Hong Kong | Earnings

Sea Ltd. (SE US) A graph of stock market Description automatically generated

  • Shares closed above the 5dEMA with a surge in volume.
  • MACD is about to turn positive, RSI is constructive.
  • Long – Entry 55.0, Target 60.0, Stop 52.5

Etsy, Inc. (ETSY US)

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  • Shares closed higher with constructive volume. 5dEMA just crossed the 20dEMA.
  • MACD is positive, RSI is constructive.
  • Long – Entry 67.5, Target 74.5, Stop 64.0

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Yangzijiang Shipbuilding Holdings Ltd. (YZJSGD SP)

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  • Shares closed higher at the 5dEMA with constructive volume.
  • MACD is about to turn positive, RSI is turning constructive.
  • Long – Entry 1.80, Target 1.90, Stop 1.75

Dyna-Mac Holdings Ltd. (DMHL SP)

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  • Shares closed at a high since August 2023.
  • MACD is positive, RSI is at an overbought level.
  • Long – Entry 0.410, Target 0.440, Stop 0.395

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Yankuang Energy Group Co. Ltd. (1171 HK)

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  • Shares closed higher above the 5dEMA with constructive volume. The 5dEMA recently crossed the 20dEMA and 50dEMA.
  • MACD is positive, RSI is constructive.
  • Long – Entry 18.0, Target 19.6, Stop 17.2
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China Coal Energy Co. (1898 HK)

  • Shares closed at higher above the 5dEMA. 5dEMA just crossed the 20dEMA and 50dEMA.
  • MACD is positive, while RSI is constructive.
  • Long – Entry 8.30, Target 9.10, Stop 7.90

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Goldman Sachs Group Inc. (GS)

  • 1Q24 Revenue: $14.21B, +16.3% YoY, beat estimates by $1.28B
  • 1Q24 GAAP EPS: $11.58, beat estimates by $2.90
  • 1Q24 Dividend: Goldman Sachs declares $2.75/share quarterly dividend, in line with the previous; Forward yield 2.82%; Payable June 27; for shareholders of record May 30; ex-div May 29.
  • FY24 Guidance: No Guidance provided.
  • Comment: Goldman Sachs has announced robust financial results, surpassing expectations, largely driven by a significant uptick in trading and investment banking revenue. The company experienced notable growth across the majority of its business segments quarter over quarter. Particularly noteworthy was the remarkable surge in revenue within its Global Banking & Markets division, which witnessed a staggering 53.0% increase compared to the previous quarter. These strong results underscore Goldman Sachs’ adeptness in capitalizing on improved market conditions since the beginning of the year. They also highlight the company’s successful strategic shift towards prioritizing its core businesses, while scaling back on less fruitful ventures in retail banking. Management emphasized the early stages of a reopening trend in the capital markets, underscoring their ongoing commitment to asset and wealth management as primary drivers of growth. Looking ahead, Goldman Sachs stands to benefit from anticipated rate cuts in 2024, further bolstering its position in the capital markets. 2Q24 recommended trading range: $380 to $430. Positive Outlook.

高盛集团(GS)

  • 24财年第一季营收：142.1亿美元，同比增幅16.3%，超预期12.8亿美元
  • 24财年第一季GAAP每股收益：11.58美元，超预期2.90美元
  • 24财年第一季度股息：高盛宣布每股2.75美元的季度股息，与之前一致；远期收益率2.82%；6月27日为付息日；5月30日为股东登记日；五月二十九日为除息日。
  • 24财年指引：不提供指引。
  • 短评：高盛公布了强劲的财务业绩，超出预期，这在很大程度上是受交易和投资银行业务收入大幅增长的推动。该公司的大部分业务部门都经历了季度环比的显著增长。特别值得注意的是，其全球银行和市场部门的收入大幅增长，与上一季度相比增长了53.0%。这些强劲的业绩突显出高盛善于利用年初以来市场状况的改善。它们还突显出该公司成功的战略转变，即优先考虑其核心业务，同时缩减在零售银行业务中成效不佳的业务。管理层强调了资本市场重新开放趋势的早期阶段，强调了他们对资产和财富管理的持续承诺，将其作为增长的主要动力。展望未来，高盛将受益于预期中的2024年降息，进一步巩固其在资本市场的地位。24财年第二季度建议交易区间：380美至430美元。积极前景。

Charles Schwab Corp. (SCHW)

  • 1Q24 Revenue: $4.74B, -7.4% YoY, beat estimates by $30M
  • 1Q24 Non-GAAP EPS: $0.74, beat estimates by $0.01
  • FY24 Guidance: No guidance provided.
  • Comment: The company delivered results that exceeded expectations, driven by a resurgence in customer engagement, evidenced by a 15% increase in trading volume and a 9% rise in margin balance compared to the previous quarter. Notably, the company achieved a record $88.2 billion in new client assets during the first quarter of 2024, contributing to a total of $9.1 trillion in client assets, marking a 20% year-over-year growth propelled by organic expansion and a bullish equity market. Additionally, the company experienced record flows of $14 billion into its managed investing solutions, largely attributable to the influx of former TD Ameritrade clients. With another group of TD Ameritrade customers set to transition to its platform and systems in May, further growth in client assets is anticipated. However, the company is still subjected to high-cost Federal Home Loan Bank borrowings and certificate of deposit balances from FY23, and the company remains focus on its goal to pay down its supplemental borrowing as quickly as possible. 2Q24 recommended trading range: $64 to $78. Neutral Outlook.

嘉信理财(SCHW)

  • 24财年第一季营收：47.4亿美元，同比跌幅7.4%，超预期3,000万美元
  • 24财年第一季Non-GAAP每股收益：0.74美元，超预期0.01美元
  • 24财年指引：不提供指引。
  • 短评：在客户参与度回升的推动下，该公司的业绩超出了预期，与上一季度相比，交易量增长了15%，保证金余额增长了9%。值得注意的是，该公司在2024年第一季度实现了创纪录的882亿美元的新客户资产，为客户资产总额做出了9.1万亿美元的贡献，在有机扩张和看涨股票市场的推动下，同比增长20%。此外，该公司的管理投资解决方案获得了创纪录的140亿美元资金流入，这主要归功于TD Ameritrade前客户的涌入。随着TD Ameritrade的另一批客户将于5月份过渡到其平台和系统，预计客户资产将进一步增长。然而，该公司仍然受到高成本的联邦住房贷款银行借款和从23财年开始的存单余额的影响，该公司仍然专注于尽快偿还补充借款的目标。24财年第二季度建议交易区间：64美至78美元。中性前景。

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