KGI Research Singapore

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

Technical Analysis – 8 August 2023

United States | Singapore | Hong Kong | Earnings

Antero Resource Corp. (AR US)

  • Shares closed at a high since Feb 2023. 20dEMA is about to cross the 200dEMA. 
  • MACD is positive, RSI is at an “overbought” level.
  • Long – Entry 27.4, Target 30.4, Stop 25.9

Valero Energy Corp. (VLO US)

  • Shares closed higher above the 5dEMA. 50dEMA is about to cross the 200dEMA.
  • MACD is positive, RSI is constructive.
  • Long – Entry 128, Target 140, Stop 122

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First Resources Ltd. (FR SP)

  • Shares closed higher above the 5dEMA with constructive volume. The 20dEMA is about to cross the 200dEMA. 
  • MACD is positive, RSI is constructive.
  • Long – Entry 1.55, Target 1.70 Stop 1.48

Unusual Ltd. (UNU SP)

  • Shares closed at a high since May 23. 
  • RSI just turned positive, and MACD is constructive.
  • Long – Entry 0.195 Target 0.210, Stop 0.185

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China Oilfield Services Limited (2883 HK)

  • Shares closed higher above the 5dEMA with constructive volume. 
  • Both MACD and RSI are constructive.
  • Long – Entry 9.37, Target 9.81, Stop 9.15

CNOOC Ltd (883 HK)

  • Shares closed above the 5dEMA with rising volume. 
  • RSI is constructive, while MACD is about to turn positive.
  • Long – Entry 12.50, Target 13.12, Stop 12.19

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Palantir Technologies Inc (PLTR)

  • 2Q23 Revenue: $533.32M, +12.8% YoY, in-line with estimates.
  • 2Q23 Non-GAAP EPS: $0.05, in-line with estimates.
  • 3Q23 Guidance: Sales are expected to be between $553M and $557M. Full-year revenue is expected to be more than $2.212B. Full-year adjusted income from operations is expected to be over $576 million, compared with a range from $506M to $556M projected in 1Q23.
  • Share buybacks: The company announced a $1B stock buyback plan following its earnings.
  • Comment: The company’s customer count grew by 38% YoY and 8% QoQ in 2Q23. It sees an opportunity to commercialise AI for the rest of 2023 and mentions that they are already in talks with more than 300 additional enterprises about using Palantir’s AI platform. Demand for AI still remains very strong in 2023, despite a huge hype towards AI earlier this year. Companies looking to optimise cost will also likely engage with AI platform to improve their business efficiencies and save costs. 3Q23 recommended trading range: $16 to $24. Positive Outlook.

Palantir Technologies Inc (PLTR)

  • 23财年第二季营收：5.3332亿美元, 同比增长12.8%，符合预期  
  • 23财年第二季Non-GAAP每股盈利：0.05美元，符合预期  
  • 23财年第三季指引：销售额预期在5.53亿美元到5.57亿美元之间。全年营收预计将超过22.12亿美元。全年调整后的运营收入预计将超过5.76亿美元，而第一季度预计为5.06亿至5.56亿美元。
  • 股票回购：公司在公布财报后宣布了一项10亿美元的股票回购计划。
  • 短评：该公司的客户数量在2013年第二季度同比增长38%，环比增长8%。它看到了2023年剩余时间内人工智能商业化的机会，并提到他们已经与300多家企业就使用Palantir的人工智能平台进行了讨论。尽管今年早些时候市场对人工智能的大肆宣传，但在2023年人工智能的需求仍然非常强劲。希望优化成本的公司也可能会利用人工智能平台来提高业务效率并节省成本。23财年第三季度建议交易区间：16美元至24美元。积极前景。

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