{"id":32449,"date":"2023-09-11T07:09:00","date_gmt":"2023-09-10T23:09:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=32449"},"modified":"2023-09-11T14:08:19","modified_gmt":"2023-09-11T06:08:19","slug":"technical-analysis-11-september-2023","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-11-september-2023\/","title":{"rendered":"Technical Analysis &#8211; 11 September 2023"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><a href=\"#us\">United States<\/a> |<a href=\"#sg\"> Singapore<\/a> |<a href=\"#hk\"> Hong Kong<\/a> |<a href=\"#ea\"> Earnings<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54.png\" class=\"wp-image-15016\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-54-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Valero Energy Corp. (VLO US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/eXcrjXZOgRl0lx5vdIDRpwgRl9_7-oKA4f3wDhWTlmK6qX56oirpVfCie1YYIp3rBsavH79q77Y6uOuJuFMtqxHTAwu1ZqT5wLrdPyCcqQlCssa0RUjItCIuczVfjeNQQ40JCi2gxsTQrVFK-cK_2SQ\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed at a high since Jan 2023 above the 5dEMA with a surge in volume.\u00a0<\/li><li>MACD just turned positive, RSI is at an \u201coverbought\u201d level.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 141, Target 149, Stop 137<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/OiOYS65y5JubCno5YB1WQVeNdnUggAEXJdMvxJGn30e4PlVKVpSRIH_yHrkg5XQssKnZ7tV57u73zjjVEV_3zAG3AY13cfEqyJRgn6yG_AiutAnej--MwZRNvHxl3dhw0CCczwYZpFKz0Y3pB_j5FOI\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Exxon Mobil Corp. (XOM US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/Vlf3q7dj4pi-PLWySWih12_x_e9k2wCLZFPPmhWv9_s1j0jcwCByEay_0Yh2qzXuEQSPnf_DaQOWlfhgoll0O3KaW9rMywphTWlUnmu66frt9maXSHQ8DIy5sijT1ZfAi0SWjgJpJA2goVukeBNcRsA\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed at a high since May 2023 above the 5dEMA.\u00a0<\/li><li>MACD is positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 115, Target 121, Stop 112<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58.png\" alt=\"\" class=\"wp-image-15020\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-58-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-15015-_q3z2pzaup3mw\"><\/a><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59.png\" class=\"wp-image-15021\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-59-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Olam Group (OLG SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/zeUXIeqatz2W4mAQtERL1kefxuWKOB1GD5tA50lG-IkrvRvLdL0sEfaJ4BVVMlHo5KsXS8llXS08ny_y1ChkEIpzEkkpdWDDgPgnSKK5NMLDjuUGzTsHPKVTXErCoIzptm-pDfapHjDlHKfnQGr1v0s\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 20dEMA. 5dEMA just crossed the 20dEMA.<\/li><li>MACD is positive, RSI is turning constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 1.26, Target 1.38, Stop 1.20<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/N6TDbYbXtcSCD9PoOsZxqn4dJYXHEVxBGUd_QRvp0Va6Adf3uBJKcGtyi_VHcpFiMmSl7Qzyu4rEKm5HgtmKH0NvqnhcWc1mms-tCScw-l4qvhAwDNv9QWpSvRrcjUW9-CkiTwIdZgsU9_dsjZzt18k\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Del Monte Pacific Ltd. (DELM SP)<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/6k6TcOMvsdbjXoZGAbTMjUTctLVyHawzNBUqbAJdsg_oGCHPFmuOG8ckDH2wvRDKms8OgPaIoIjW_0MpHqv77ySAwImXeI6lwnMMfrQRLyG6YkwPzR5G8Q0H7GpzXas_XwWXYMXauoX1lcHebIrGagU\" width=\"602\" height=\"345\"><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 50dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.\u00a0\u00a0<\/li><li>MACD is positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 0.170 Target 0.190, Stop 0.160<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/yV_Xnu_hXUOGMgZDR8Bt-KVJqh7F0hJW67ub5pqQ3zcYS3XS4f2hy3ieQic3A_uEgVAduKTFu3L0lxFLm2-v2rI4ui56z4HbM8DS8t6VI6KKsr92Io5JE1U9Fxf_hfQ4QEr69osTUO3uDrylwKUsLlg\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/lh4.googleusercontent.com\/QMpvGCOCydiwQnXNAjEsreDHLysxjGGNj75eC5JRp1gQ5i4VgteJRMvCxBKXwZvPaiUG9gwfb7DQYrPe26Df9OTwKahXnQx1Kz4HWWXzhPQghxWg1UVJx-Y5bWLmbRUDMi79wyo5FadyUulHBrGvA9M\"><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Sunshine Insurance Group Co Ltd (6963 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/qdk2fXmMZFxtaVakQlyAp3rKFjDPp4IaaCKMqy8p-BoT5Q0LRrOzHwBDY8kRMhC_vmgdg5E7qlxshhkTiBdZbafMl2im843azt7K0ZhYFhy131KRshbrKcpoKoR8P0JK5X1kevkJvXh0SFJF-sdtTQQ\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 5dEMA.\u00a0<\/li><li>Both RSI and MACD are constructive.<\/li><li><strong>Long \u2013 Entry 4.26, Target 4.50, Stop 4.14<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/C4NKlLdt68BYisO8R0Y2vXVP4Ry5Val0rSPpFI3bBLDP1e8bTwJFaBQbDatlyb1w4KkIa4szJRNDPFjKLL-4szPa_EuQ6b22vXacOIokYBc3ZiHlLtZZnuNMggOL2dgw80WPz6cGz9LNaIaede-m87c\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">PICC Property and Casualty Co Ltd (2328 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/oQetWtm2PqUW9eVzVY8bNX2RYvdsbDXkcAQH7oNQXUT_oYo8g9Zas_zwmDdG59GW1GrQQFA8Cy9V6CNACifGEJP864RqIfL7aqeO_bj9QdvTUXP3fymwOOOop8MGWdDLNUqdEm59NSrZeIWXTxxF0RY\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 5dEMA.\u00a0<\/li><li>Both RSI and MACD are constructive.<\/li><li><strong>Long \u2013 Entry 9.44, Target 10.00, Stop 9.16<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/0lbu87C7Z1xDluPkJ4a_3PnUvgVbgBLRFqgJnJTT2i_3ZloXjWEjv3X1Gaf_6L-IEeo9eU2b_Q8eX5V08EwDl2iDePpPYrkgUSciNzAHbretE9sS6mf_-hmNhBIKuUTu5CQCFv1j7ahqxsl3HO05ycM\" alt=\"\"\/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"ea\"><strong><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/lh4.googleusercontent.com\/Z0_IBt6WlF0wm5dAEE4psh4I_6pSghTaGP0Y_ZZAwegn7jopZCKQyTfuD0oEsUDDUKowD7fa1Ea2Qwx45kOknTimYAqpfRYuOw5fGhED3KM1EwZbJNUHzjY0ROwYmgHdMm0McVEGRZJCbcb5UDLi3jc\"><\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Science Applications International Corp (SAIC)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2Q24 Revenue: <\/strong>$1.78B, -3% YoY, beat estimates by $80M<\/li><li><strong>2Q24 Non-GAAP EPS:<\/strong> $2.05, beat estimates by $0.43<\/li><li><strong>FY24 Guidance:<\/strong> raised its revenue guidance to a range of $7.2 billion to $7.25 billion from the previous outlook of $7.12 billion to $7.22 billion. It also raised its estimate for adjusted EPS to a range of $7.20 to $7.40 from $7.00 to $7.20 previously.<\/li><li><strong>Comment: <\/strong>In 2Q24, SAIC demonstrated impressive performance, surpassing revenue and EPS estimates despite reporting a 3% YoY revenue decline. When accounting for divestitures, the company achieved an 8.3% increase in revenue and a notable 70 basis point growth in adjusted EBITDA margins compared to the previous year. Notably, SAIC underscored its dedication to community engagement, notably through its Hunger Action Month campaign. The company expressed pride in its recent accomplishments, with a strategic focus on harnessing the potential of its skilled workforce, enhancing its brand presence, and achieving profitable organic growth. The updated FY24 guidance suggests that SAIC is on track to deliver its strongest year of organic revenue growth and its highest EBITDA margin since separation, with a strong emphasis on bolstered margins, increased shareholder returns, and a continued commitment to an asset-light business model. Additionally, SAIC announced an impending CEO transition, conveying confidence in the incoming CEO\u2019s ability to uphold the company\u2019s success. The departing CEO reflected on his tenure\u2019s achievements and underscored his commitment to ensuring a smooth leadership transition.\u00a0 <strong>3Q24 recommended trading range<\/strong><strong>: $108 to $115. Positive Outlook.\u00a0<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u79d1\u5b66\u5e94\u7528\u56fd\u9645 (SAIC)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>24\u8d22\u5e74\u7b2c\u4e8c\u5b63\u8425\u6536\uff1a<\/strong>17.8\u4ebf\u7f8e\u5143, \u540c\u6bd4\u8dcc\u5e453.0%\uff0c\u8d85\u9884\u671f8,000\u4e07\u7f8e\u5143\u00a0<\/li><li><strong>24\u8d22\u5e74\u7b2c\u4e8c\u5b63Non-GAAP\u6bcf\u80a1\u4e8f\u635f<\/strong>\uff1a2.05\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.43\u7f8e\u5143\u00a0\u00a0<\/li><li><strong>24\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u5c06\u8425\u6536\u9884\u671f\u4ece\u4e4b\u524d\u768471.2\u4ebf\u7f8e\u5143\u81f372.2\u4ebf\u7f8e\u5143\u533a\u95f4\u4e0a\u8c03\u81f372\u4ebf\u7f8e\u5143\u81f372.5\u4ebf\u7f8e\u5143\u533a\u95f4\u3002\u8be5\u516c\u53f8\u8fd8\u5c06\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u9884\u671f\u4ece\u6b64\u524d\u76847.00\u7f8e\u5143\u81f37.20\u7f8e\u5143\u533a\u95f4\u4e0a\u8c03\u81f37.20\u7f8e\u5143\u81f37.40\u7f8e\u5143\u533a\u95f4\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>24\u8d22\u5e74\u5e74\u7b2c\u4e8c\u5b63\u5ea6\uff0c\u516c\u53f8\u4e1a\u7ee9\u4ee4\u4eba\u5370\u8c61\u6df1\u523b\uff0c\u5c3d\u7ba1\u8425\u6536\u540c\u6bd4\u4e0b\u964d\u4e863%\uff0c\u4f46\u5176\u8425\u6536\u548c\u6bcf\u80a1\u6536\u76ca\u5747\u8d85\u51fa\u4e86\u9884\u671f\u3002\u8003\u8651\u5230\u8d44\u4ea7\u5265\u79bb\uff0c\u8be5\u516c\u53f8\u7684\u6536\u5165\u589e\u957f\u4e868.3%\uff0c\u8c03\u6574\u540e\u7684EBITDA\u5229\u6da6\u7387\u4e0e\u53bb\u5e74\u76f8\u6bd4\u663e\u8457\u589e\u957f\u4e8670\u4e2a\u57fa\u70b9\u3002\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u516c\u53f8\u5f3a\u8c03\u4e86\u5176\u81f4\u529b\u4e8e\u793e\u533a\u53c2\u4e0e\uff0c\u7279\u522b\u662f\u901a\u8fc7\u5176\u9965\u997f\u884c\u52a8\u6708\u6d3b\u52a8\u3002\u8be5\u516c\u53f8\u5bf9\u5176\u6700\u8fd1\u53d6\u5f97\u7684\u6210\u5c31\u8868\u793a\u81ea\u8c6a\uff0c\u5176\u6218\u7565\u91cd\u70b9\u662f\u5229\u7528\u5176\u719f\u7ec3\u5458\u5de5\u7684\u6f5c\u529b\uff0c\u589e\u5f3a\u5176\u54c1\u724c\u5f71\u54cd\u529b\uff0c\u5e76\u5b9e\u73b0\u76c8\u5229\u7684\u6709\u673a\u589e\u957f\u3002\u66f4\u65b0\u540e\u768424\u8d22\u5e74\u6307\u5f15\u8868\u660e\uff0c\u516c\u53f8\u6709\u671b\u5b9e\u73b0\u81ea\u5206\u62c6\u4ee5\u6765\u6700\u5f3a\u52b2\u7684\u6709\u673a\u6536\u5165\u589e\u957f\u548c\u6700\u9ad8\u7684EBITDA\u5229\u6da6\u7387\uff0c\u91cd\u70b9\u662f\u63d0\u9ad8\u5229\u6da6\u7387\u3001\u589e\u52a0\u80a1\u4e1c\u56de\u62a5\uff0c\u5e76\u7ee7\u7eed\u81f4\u529b\u4e8e\u8f7b\u8d44\u4ea7\u5546\u4e1a\u6a21\u5f0f\u3002\u6b64\u5916\uff0c\u516c\u53f8\u8fd8\u5ba3\u5e03\u4e86\u5373\u5c06\u8fdb\u884c\u7684CEO\u6362\u5c4a\uff0c\u8868\u8fbe\u4e86\u5bf9\u65b0\u4efbCEO\u7ef4\u62a4\u516c\u53f8\u6210\u529f\u80fd\u529b\u7684\u4fe1\u5fc3\u3002\u8fd9\u4f4d\u5373\u5c06\u79bb\u4efb\u7684\u9996\u5e2d\u6267\u884c\u5b98\u56de\u987e\u4e86\u4ed6\u4efb\u671f\u5185\u7684\u6210\u5c31\uff0c\u5e76\u5f3a\u8c03\u4e86\u4ed6\u5c06\u786e\u4fdd\u9886\u5bfc\u6743\u987a\u5229\u8fc7\u6e21\u7684\u627f\u8bfa\u3002<strong>24\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a108\u7f8e\u5143\u81f3115\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Docusign Inc (DOCU)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2Q23 Revenue: <\/strong>$687.69M, +10.5% YoY, beat estimates by $10.27M<\/li><li><strong>2Q23 Non-GAAP EPS:<\/strong> $0.72, beat estimates by $0.06<\/li><li><strong>3Q23 Guidance:<\/strong> Total Revenue: $687M-$691M, subscription revenue: $669M-673M, billings: $668M-$678M, Non-GAAP gross margin: 81-82%, Non-GAAP operating margin: 22-23%. FY24 Guidance: Total Revenue: $2,725M-$2,737M, subscription revenue: $2,649M-$2,661M, billings: $2,804M-$2,824M, Non-GAAP gross margin: 81-82%, Non-GAAP operating margin: 23-24%.<\/li><li><strong>Share buyback: <\/strong>board of directors has authorised an increase of $300mn to its existing stock repurchase program for a total aggregate amount of up to $500mn of DocuSign\u2019s outstanding common stock. The program has no minimum purchase commitment and no mandated end date.\u00a0<\/li><li><strong>Comment: <\/strong>DocuSign reported strong Q2 results, with total revenue increasing by 11% YoY and subscription revenue at $669mn, also growing by 11%. The international segment demonstrated robust growth, comprising 26% of total revenue. Despite macro pressures impacting expansion rates, the company maintained higher-than-anticipated on-time renewals. DocuSign added approximately 37,000 new customers, reaching a total of 1.44mn customers. While the company expects some deceleration in billings growth in the second half of the year, it remains optimistic about future expansion opportunities. Operating cash flow and free cash flow saw significant increases, and the company has $1.5bn in cash and equivalents. They also announced an increased share repurchase program to $500mn. Looking ahead, DocuSign provided guidance for Q3 and FY24, emphasising cautiousness due to an uncertain macro environment and competitive dynamics. <strong>3Q23 recommended trading range<\/strong><strong>: $47 to $57. Neutral Outlook.\u00a0<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Docusign (DOCU)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63\u8425\u6536\uff1a<\/strong>6.8769\u4ebf\u7f8e\u5143, \u540c\u6bd4\u589e\u5e4510.5%\uff0c\u8d85\u9884\u671f1,027\u4e07\u7f8e\u5143\u00a0<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a0.72\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.06\u7f8e\u5143\u00a0\u00a0<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u6307\u5f15\uff1a<\/strong>\u603b\u8425\u6536\u4e3a6.87\u4ebf\u81f36.91\u4ebf\u7f8e\u5143\uff0c\u8ba2\u9605\u6536\u5165\u4e3a6.69\u4ebf\u81f36.73\u4ebf\u7f8e\u5143\uff0c\u8d26\u5355\u6536\u5165\u4e3a6.68\u4ebf\u81f36.78\u4ebf\u7f8e\u5143\uff0cNon-GAAP\u6bdb\u5229\u7387:81-82%\uff0cNon-GAAP\u8425\u4e1a\u5229\u6da6\u7387:22-23%\u300224\u8d22\u5e74\u6307\u5f15\uff1a\u603b\u8425\u6536\u4e3a27.25\u4ebf\u81f327.37\u4ebf\u7f8e\u5143\uff0c\u8ba2\u9605\u6536\u5165\u4e3a26.49\u4ebf\u81f3 26.61\u4ebf\u7f8e\u5143\uff0c\u8d26\u5355\u6536\u5165\u4e3a28.04\u4ebf\u81f328.24\u4ebf\u7f8e\u5143\uff0cNon-GAAP\u6bdb\u5229\u7387\u4e3a81-82%\uff0c\u975eNon-GAAP\u8425\u4e1a\u5229\u6da6\u7387\u4e3a23-24%\u3002<\/li><li><strong>\u80a1\u7968\u56de\u8d2d\uff1a<\/strong>\u8463\u4e8b\u4f1a\u5df2\u6388\u6743\u5728\u5176\u73b0\u6709\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u4e2d\u589e\u52a03\u4ebf\u7f8e\u5143\uff0c\u603b\u91d1\u989d\u9ad8\u8fbe5\u4ebf\u7f8e\u5143\u7684DocuSign\u5df2\u53d1\u884c\u666e\u901a\u80a1\u3002\u8be5\u8ba1\u5212\u6ca1\u6709\u6700\u4f4e\u8d2d\u4e70\u627f\u8bfa\uff0c\u4e5f\u6ca1\u6709\u5f3a\u5236\u7ec8\u6b62\u65e5\u671f\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>DocuSign\u516c\u5e03\u4e86\u5f3a\u52b2\u7684\u7b2c\u4e8c\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u603b\u6536\u5165\u540c\u6bd4\u589e\u957f11%\uff0c\u8ba2\u9605\u6536\u5165\u8fbe\u52306.69\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f11%\u3002\u56fd\u9645\u4e1a\u52a1\u589e\u957f\u5f3a\u52b2\uff0c\u5360\u603b\u6536\u5165\u768426%\u3002\u5c3d\u7ba1\u5b8f\u89c2\u538b\u529b\u5f71\u54cd\u4e86\u6269\u5f20\u901f\u5ea6\uff0c\u4f46\u8be5\u516c\u53f8\u4ecd\u4fdd\u6301\u4e86\u9ad8\u4e8e\u9884\u671f\u7684\u51c6\u65f6\u66f4\u65b0\u3002DocuSign\u589e\u52a0\u4e86\u5927\u7ea637,000\u4e2a\u65b0\u5ba2\u6237\uff0c\u5ba2\u6237\u603b\u6570\u8fbe\u5230144\u4e07\u3002\u867d\u7136\u8be5\u516c\u53f8\u9884\u8ba1\u4e0b\u534a\u5e74\u7684\u8d26\u5355\u589e\u957f\u5c06\u6709\u6240\u51cf\u901f\uff0c\u4f46\u5b83\u5bf9\u672a\u6765\u7684\u6269\u5f20\u673a\u4f1a\u4ecd\u6301\u4e50\u89c2\u6001\u5ea6\u3002\u7ecf\u8425\u73b0\u91d1\u6d41\u548c\u81ea\u7531\u73b0\u91d1\u6d41\u5927\u5e45\u589e\u52a0\uff0c\u8be5\u516c\u53f8\u62e5\u670915\u4ebf\u7f8e\u5143\u7684\u73b0\u91d1\u53ca\u7b49\u4ef7\u7269\u3002\u4ed6\u4eec\u8fd8\u5ba3\u5e03\u5c06\u80a1\u7968\u56de\u8d2d\u8ba1\u5212\u6269\u5927\u81f35\u4ebf\u7f8e\u5143\u3002\u5c55\u671b\u672a\u6765\uff0cDocuSign\u63d0\u4f9b\u4e86\u7b2c\u4e09\u5b63\u5ea6\u548c24\u8d22\u5e74\u7684\u6307\u5f15\uff0c\u5f3a\u8c03\u7531\u4e8e\u4e0d\u786e\u5b9a\u7684\u5b8f\u89c2\u73af\u5883\u548c\u7ade\u4e89\u52a8\u6001\u800c\u4fdd\u6301\u8c28\u614e\u3002<strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a47\u7f8e\u5143\u81f357\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Kroger Co. (KR)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2Q23 Revenue: <\/strong>$33.85B, -2.3% YoY, miss estimates by $270M<\/li><li><strong>2Q23 Non-GAAP EPS:<\/strong> $0.96, beat estimates by $0.05<\/li><li><strong>FY23 Guidance:<\/strong> The company reaffirms its FY23 outlook and continues to project adjusted earnings in a range of $4.45 to $4.60 per share on total identical sales growth, without fuel, of 1.0% to 2.0%, with underlying growth of 2.5% to 3.5% after adjusting for the effect of Express Scripts.<\/li><li><strong>Comment:<\/strong> The company announced that it would be selling over 400 grocery stores to C&S Wholesales Grocers, bringing in around $1.9B in cash for the divestitures, in an attempt to get regulatory approval for its $25B~ takeover of its smaller rival Albertsons. The company may also need C&S to acquire up to 237 more stores in certain areas in order to obtain regulatory approval for the deal, which is expected to close in early 2024. This merger is likely to reduce competition and drive grocery prices up. The company also took a $1.4B charge in 2Q23 due to an opioid case settlement and warned of weaker sales for the rest of FY2023. <strong>3Q23 recommended trading range<\/strong><strong>: $42 to $52. Neutral Outlook.\u00a0<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u514b\u7f57\u683c (KR)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63\u8425\u6536\uff1a<\/strong>338.5\u4ebf\u7f8e\u5143, \u540c\u6bd4\u8dcc\u5e452.3%\uff0c\u900a\u9884\u671f2.7\u4ebf\u7f8e\u5143\u00a0<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a0.96\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.05\u7f8e\u5143\u00a0\u00a0<\/li><li><strong>23\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u8be5\u516c\u53f8\u91cd\u7533\u517623\u8d22\u5e74\u524d\u666f\uff0c\u5e76\u7ee7\u7eed\u9884\u8ba1\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u57284.45\u7f8e\u5143\u81f34.60\u7f8e\u5143\u4e4b\u95f4\uff0c\u4e0d\u542b\u71c3\u6599\u7684\u603b\u9500\u552e\u989d\u589e\u957f\u7387\u4e3a1.0%\u81f32.0%\uff0c\u7ecf\u8c03\u6574\u540e\u7684\u6f5c\u5728\u589e\u957f\u7387\u4e3a2.5%\u81f33.5%\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u8be5\u516c\u53f8\u5ba3\u5e03\u5c06\u5411C&S\u6279\u53d1\u6742\u8d27\u516c\u53f8\u51fa\u552e400\u591a\u5bb6\u6742\u8d27\u5e97\uff0c\u4e3a\u5265\u79bb\u4e1a\u52a1\u5e26\u6765\u7ea619\u4ebf\u7f8e\u5143\u73b0\u91d1\uff0c\u8bd5\u56fe\u83b7\u5f97\u76d1\u7ba1\u673a\u6784\u6279\u51c6\uff0c\u4ee5250\u4ebf\u7f8e\u5143\u6536\u8d2d\u89c4\u6a21\u8f83\u5c0f\u7684\u7ade\u4e89\u5bf9\u624b\u827e\u4f2f\u68ee\u3002\u8be5\u516c\u53f8\u53ef\u80fd\u8fd8\u9700\u8981C&S\u5728\u67d0\u4e9b\u5730\u533a\u518d\u6536\u8d2d237\u5bb6\u95e8\u5e97\uff0c\u4ee5\u83b7\u5f97\u76d1\u7ba1\u673a\u6784\u5bf9\u8be5\u4ea4\u6613\u7684\u6279\u51c6\uff0c\u8be5\u4ea4\u6613\u9884\u8ba1\u5c06\u4e8e2024\u5e74\u521d\u5b8c\u6210\u3002\u8fd9\u6b21\u5408\u5e76\u53ef\u80fd\u4f1a\u51cf\u5c11\u7ade\u4e89\uff0c\u63a8\u9ad8\u98df\u54c1\u6742\u8d27\u4ef7\u683c\u3002\u7531\u4e8e\u963f\u7247\u7c7b\u836f\u7269\u6848\u4ef6\u548c\u89e3\uff0c\u8be5\u516c\u53f8\u8fd8\u572823\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8ba1\u5165\u4e8614\u4ebf\u7f8e\u5143\u7684\u8d39\u7528\uff0c\u5e76\u8b66\u544a\u79f0\uff0c2023\u8d22\u5e74\u5269\u4f59\u65f6\u95f4\u7684\u9500\u552e\u5c06\u4f1a\u75b2\u8f6f\u3002<strong>23\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a42\u7f8e\u5143\u81f352\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\">Back To Top<\/a> <\/p>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n\n\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Valero Energy Corp. (VLO US) Shares closed at a high since Jan 2023 above the 5dEMA with a surge in volume.\u00a0 MACD just turned positive, RSI is at an \u201coverbought\u201d level. Long \u2013 Entry 141, Target 149, Stop 137 Exxon Mobil Corp. (XOM US) Shares closed [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-32449","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since Jan 2023 above the 5dEMA with a surge in volume. MACD just turned positive, RSI is at an \u201coverbought\u201d level. Long \u2013 Entry 141, Target 149, Stop 137 Exxon Mobil Corp. (XOM US) Shares closed at a high since May\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Keith Tan\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-11-september-2023\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Technical Analysis \u2013 11 September 2023 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since Jan 2023 above the 5dEMA with a surge in volume. MACD just turned positive, RSI is at an \u201coverbought\u201d level. Long \u2013 Entry 141, Target 149, Stop 137 Exxon Mobil Corp. 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MACD just turned positive, RSI is at an \u201coverbought\u201d level. Long \u2013 Entry 141, Target 149, Stop 137 Exxon Mobil Corp. 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