Technical Analysis – 29 January 2024
United States | Singapore | Hong Kong | Earnings
Teekay Tankers Ltd. (TNK US)
- Shares closed at a 52-week high with constructive volume.
- MACD is positive, RSI is constructive.
- Long – Entry 60.0, Target 66.0, Stop 57.0
Star Bulk Carriers Corp. (SBLK US)
- Shares closed higher above the 5dEMA with constructive volume.
- MACD just turned positive, RSI is constructive.
- Long – Entry 21.80, Target 23.80, Stop 20.80
Genting Singapore plc. (GENS SP)
- Shares closed higher above the 5dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 1.00, Target 1.08, Stop 0.96
Singapore Airlines (SIA SP)
- Shares closed at a high since Sep 2023.
- MACD is positive, RSI is constructive.
- Long – Entry 6.65, Target 7.05, Stop 6.45
Huaneng Power International Inc. (902 HK)
- Shares closed at a high since July 2023 with constructive volume. The 5dEMA recently crossed the 20dEMA.
- MACD just turned positive, RSI is constructive.
- Long – Entry 4.55, Target 4.95, Stop 4.35
China Shenhua Energy Co. Ltd. (1088 HK)
- Shares closed higher above the 5dEMA with constructive volume.
- MACD just turned positive, RSI is constructive.
- Long – Entry 29.50, Target 31.50, Stop 28.50
American Express Company (AXP)
- 4Q23 Revenue: $15.8B, +11.0% YoY, miss estimates by $150M.
- 4Q23 GAAP EPS: $2.62, miss estimates by $0.01
- FY24 Guidance: Full-year 2024 guidance for revenue growth of 9% to 11% and EPS of $12.65 to $13.15. Looking ahead, the company continues to run the business with a focus on our aspiration of revenue growth of 10% plus and mid-teens EPS growth.
- 4Q23 Dividend: American Express declares a $0.70/share quarterly dividend, a 16.7% increase from the prior dividend of $0.60. The forward yield is 1.49%. The increase in regular dividends will begin with the 1Q2024 dividend declaration.
- Comment: Although the company’s reported results fell below expectations, it offered a more robust FY2024 guidance and increased dividends. The positive performance was mainly attributed to higher net interest income and a rise in card member spending. American Express anticipates resilience in spending among its affluent customers in FY2024, even with the prospect of elevated interest rates. With 2024 rate cuts on the horizon and consumer sentiment rebounding to levels not seen since July 2021, there is a likelihood that consumer spending will remain elevated in the short term. 1Q24 recommended trading range: $195 to $220. Positive Outlook.
美国运通 (AXP)
- 23财年第四季营收：158亿美元, 同比增幅11.0%，逊预期1.5亿美元
- 233财年第四季GAAP每股盈利：2.62美元，逊预期0.01美元
- 24财年指引：2024年全年收入增长9%至11%，每股收益12.65美元至13.15美元。展望未来，公司将继续专注于实现收入增长10%以上和每股收益增长15%左右的目标。
- 23财年第四季度股息：美国运通宣布派发每股0.70美元的季度股息，较之前每股0.60美元的股息增加16.7%。远期收益率1.49%。定期股息的增加将从2024年第一季度股息声明开始。
- 短评：尽管该公司公布的业绩低于预期，但它提供了更强劲的2024财年指引，并增加了股息。良好的业绩主要归功于更高的净利息收入和信用卡会员支出的增加。美国运通计，即使利率可能上升，其富裕客户的支出在2024财年仍将保持弹性。随着2024年降息的临近，以及消费者信心反弹至2021年7月以来未见的水平，短期内消费者支出可能会保持在高位。24财年第一季度建议交易区间：195美至220美元。积极前景。
