{"id":34837,"date":"2023-10-30T07:30:00","date_gmt":"2023-10-29T23:30:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=34837"},"modified":"2023-10-30T14:09:58","modified_gmt":"2023-10-30T06:09:58","slug":"technical-analysis-30-october-2023","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-30-october-2023\/","title":{"rendered":"Technical Analysis &#8211; 30 October 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\">Teekay Tankers Ltd. (TNK US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/gt2mQLjQ42HQwb-Cv_bj-Z9qF7JNxCGT0XU9Ge08uHk2lQw6uNo35GYzIf-XDfah8uZ0OtuLjgZwtT2kBbFomjDxvO6HBKyDre3OzbshvckwwYIQC16-CC5PidDP3p-AlAmgy3Kqw6C1Jojm7sutLag\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 5dEMA with constructive volume.&nbsp;<\/li><li>RSI is at an \u201coversold\u201d level, while MACD is positive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 48.40, Target 52.40, Stop 46.40<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/4QFjqfTirvpYIqs3GtxOJ7lDgg7Sya22H4TD2GmNyqcjaVULP3987n-ijW_BdsxolabdipZRzFudtrOhfxbwaCyx1CsQP6VpO8Ep2zHARlsxWJRNAQd5v5MVbwSxXVUHa6ygscQrx7TWjOhJRuONBZo\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Scorpio Tankers (STNG US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/6XCMVj1nZi4EbjNbCRsUT060iVpTL83f-PqGr7VoB8VMqm4B8n1CXnHV2812eB6GOlPBuqMvOR6FlygbF-Fe3j67n4dpUR5-kaEne71bBjKOvKMaaS_Rdlx1I4Yi9a1KJL7xp_0Bi7-C1aY6OLhG1cI\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed higher above the 5dEMA with rising volume.&nbsp;<\/li><li>MACD just turned positive, RSI is constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 57.0, Target 61.0, Stop 55.0<\/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\">CapitaLand Ascott Trust (ART SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/m6tJWBbAyhPaztYCI8Nw0MkKsRuKdctj7ZrMyXfxSjfbc46tjoiH5SvYSRKyFKYP8A4f1Km4ThHeNZC4419Bdqv6_wULcj_hiyMr90lrRGMI2LajoGjkxcE5KuCejVzhwtwcAuR1K4UxfnxZ6MKInKI\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 20dEMA with a surge in volume. The 5dEMA is about to cross the 20dEMA.<\/li><li>RSI is constructive and MACD is positive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 0.905, Target 0.965 Stop 0.875<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/862YFXLWLzhXwNd1Dv_bSbuK11He_A-ZC-dmL6sg99PPm3QskBxAeanKvsQsOqGvZnRqKNcRKsu5wQW4w9A2ukqbF-XxtFyOZFjadWLu7JlSmxt6nfmNJP1Mu7xflx1d8NQB3WY2gcfZgdGZ0OIeXkI\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Marco Polo Marine Ltd (MPM SP)<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/DHaQqfw73qUYNIx5PGAEkh5j2gsAzIyfKG2oSQ0otg62syocPCEkm-WqBfann6XM4DcRZ2vA1KU9RG6P0Wn8Duzarf7DpJLYp_CGZMSfDRqQuRxQEQ_0x-9-M6utfcVsx7gBho9AvOeM7eyZgXm-H4w\" width=\"602\" height=\"357\"><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 50dEMA with rising volume. The 5dEMA crossed the 20dEMA and touched the 50dEMA.&nbsp;<\/li><li>RSI is constructive and MACD is positive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 0.0500 Target 0.0530 Stop 0.0485<\/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\">Trip.com Group Limited (9961 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/krObWb4JUyaYOO2vmovFdaKBhJqw9R86_JQ9j-02pj5OvKypTzPYLT_IgAOuygycF1JeEXFtzgy8zZKOlpI0D9pl8hhsaecNviKCgPekFFwWO9vKKzheQCu0GHHj1rBf82evzhm284XVi-PQDx95cQk\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 50dEMA with an increase in volume. The 5dEMA crossed the 20dEMA.<\/li><li>RSI and MACD are constructive.<\/li><li><strong>Long <\/strong>\u2013 <strong>Entry 275.6, Target 290.0, Stop 268.4<\/strong><\/li><\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/lVcK_W3HoeTgG2oT_bsDi-c-u23v6mSplMaEqoa5dfcg-zsUxhzRwfJasmb8VFYSiyCpfPQywg8odDv8rHhyPDstOoCse8F_AFXR4xl5kUHbDhG58u_O9COVIK1Ux8NFlyvnUx5wof23N8ymU6vcVIQ\" alt=\"\"\/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">COSCO SHIPPING Holdings Co Ltd (1919 HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-us.googleusercontent.com\/_GrHYK0MAWm8czTVVi2HJTgq3z65995osVTcriUxNLXy_K8212mIG4LyISD3r3dkUM93TF4Qe189f2J1km2q_Qosgt3DoGle6HHukun76Q22DBxN3JFP3WXtwDrHGI3l4NSjbtYp_ahdNHWHt7uYJ_g\" alt=\"\"\/><\/figure>\n\n\n\n<ul class=\"wp-block-list\"><li>Shares closed above the 50dEMA with rising volume. The 5dEMA crossed the 20dEMA.<\/li><li>Both RSI and MACD are constructive.<\/li><li><strong>Long \u2013 Entry 7.84, Target 8.34, Stop 7.59<\/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>Exxon Mobil Corp (XOM)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>3Q23 Revenue: <\/strong>$90.76B, -19.0% YoY, miss estimates by $1.81B<\/li><li><strong>3Q23 Non-GAAP EPS:<\/strong> $2.27, miss estimates by $0.09<\/li><li><strong>FY23 Guidance:<\/strong> Capital and exploration expenditures are expected to be at the top end of the guidance of $23bn to $25bn as the company pursues value accretive opportunities.&nbsp;<\/li><li><strong>Comment:<\/strong> Exxonmobil missed estimates due to the weaker chemical profits and refining margins. Oil prices recovered due to the ongoing conflict in the Middle East. It established two all-stock deals when the shares were traded near an all-time record during the quarter with Pioneer Natural Resources and Denbury for shale and carbon respectively. Despite the rise in oil and fuel prices, the company\u2019s profit was impacted by higher material costs from its chemical business. It recently sold a refinery in Thailand for $900mn and has listed its refinery in Italy for sale as well. The company is expected to maintain its production target for 2023 at 3.7mn boepd and distribute $17.5bn buybacks. As the company looks to continue reducing its costs and focusing more on lucrative projects, it will continue to boost production in order to partially offset lower prices in its different business segments. Furthemore with its cash reserves increasing 10% QoQ to $33bn, it will better position Exxonmobil for when the commodity cycle turns against it. We believe that the coming quarter may continue to be sustained by the higher oil prices alongside the divestments. <strong>4Q23 recommended trading range<\/strong><strong>: $100 to $115. Neutral Outlook.&nbsp;&nbsp;<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u57c3\u514b\u68ee\u7f8e\u5b5a (XOM)&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a<\/strong>907.6\u4ebf\u7f8e\u5143, \u540c\u6bd4\u8dcc\u5e4519.0%\uff0c\u900a\u9884\u671f18.1\u4ebf\u7f8e\u5143<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63Non-GAAP\u6bcf\u80a1\u4e8f\u635f<\/strong>\uff1a2.27\u7f8e\u5143\uff0c\u900a\u9884\u671f0.09\u7f8e\u5143&nbsp;&nbsp;<\/li><li><strong>23\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u968f\u7740\u516c\u53f8\u5bfb\u6c42\u589e\u503c\u673a\u4f1a\uff0c\u8d44\u672c\u548c\u52d8\u63a2\u652f\u51fa\u9884\u8ba1\u5c06\u8fbe\u5230230\u4ebf\u81f3250\u4ebf\u7f8e\u5143\u7684\u6307\u5bfc\u76ee\u6807\u7684\u9ad8\u7aef\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u7531\u4e8e\u5316\u5de5\u5229\u6da6\u548c\u70bc\u6cb9\u5229\u6da6\u7387\u8f83\u5f31\uff0c\u57c3\u514b\u68ee\u7f8e\u5b5a\u672a\u80fd\u8fbe\u5230\u9884\u671f\u3002\u7531\u4e8e\u4e2d\u4e1c\u5730\u533a\u7684\u6301\u7eed\u51b2\u7a81\uff0c\u6cb9\u4ef7\u6709\u6240\u56de\u5347\u3002\u8be5\u516c\u53f8\u4e0e\u5148\u950b\u81ea\u7136\u8d44\u6e90\u516c\u53f8(Pioneer Natural Resources)\u548cDenbury\u5206\u522b\u8fdb\u884c\u4e86\u4e24\u7b14\u5168\u80a1\u7968\u4ea4\u6613\uff0c\u4ea4\u6613\u4ef7\u683c\u63a5\u8fd1\u5386\u53f2\u6700\u9ad8\u6c34\u5e73\u3002\u5c3d\u7ba1\u77f3\u6cb9\u548c\u71c3\u6599\u4ef7\u683c\u4e0a\u6da8\uff0c\u4f46\u8be5\u516c\u53f8\u7684\u5229\u6da6\u53d7\u5230\u5316\u5de5\u4e1a\u52a1\u6750\u6599\u6210\u672c\u4e0a\u5347\u7684\u5f71\u54cd\u3002\u8be5\u516c\u53f8\u6700\u8fd1\u4ee59\u4ebf\u7f8e\u5143\u7684\u4ef7\u683c\u51fa\u552e\u4e86\u4f4d\u4e8e\u6cf0\u56fd\u7684\u4e00\u5bb6\u70bc\u6cb9\u5382\uff0c\u5e76\u5c06\u5176\u4f4d\u4e8e\u610f\u5927\u5229\u7684\u70bc\u6cb9\u5382\u6302\u724c\u51fa\u552e\u3002\u9884\u8ba1\u8be5\u516c\u53f8\u5c06\u628a2023\u5e74\u7684\u4ea7\u91cf\u76ee\u6807\u7ef4\u6301\u5728370\u4e07\u6876\/\u5929\uff0c\u5e76\u5206\u914d175\u4ebf\u7f8e\u5143\u7684\u56de\u8d2d\u3002\u7531\u4e8e\u8be5\u516c\u53f8\u5e0c\u671b\u7ee7\u7eed\u964d\u4f4e\u6210\u672c\uff0c\u5e76\u66f4\u591a\u5730\u5173\u6ce8\u5229\u6da6\u4e30\u539a\u7684\u9879\u76ee\uff0c\u5b83\u5c06\u7ee7\u7eed\u63d0\u9ad8\u4ea7\u91cf\uff0c\u4ee5\u90e8\u5206\u62b5\u6d88\u5176\u4e0d\u540c\u4e1a\u52a1\u90e8\u95e8\u4ef7\u683c\u4e0b\u8dcc\u7684\u5f71\u54cd\u3002\u6b64\u5916\uff0c\u5176\u73b0\u91d1\u50a8\u5907\u73af\u6bd4\u589e\u957f10%\uff0c\u8fbe\u5230330\u4ebf\u7f8e\u5143\uff0c\u8fd9\u5c06\u4f7f\u57c3\u514b\u68ee\u7f8e\u5b5a\u5728\u5927\u5b97\u5546\u54c1\u5468\u671f\u8f6c\u5411\u4e0d\u5229\u65f6\u5904\u4e8e\u66f4\u597d\u7684\u4f4d\u7f6e\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u672a\u6765\u4e00\u4e2a\u5b63\u5ea6\u516c\u53f8\u80a1\u4ef7\u53ef\u80fd\u4f1a\u7ee7\u7eed\u53d7\u5230\u6cb9\u4ef7\u4e0a\u6da8\u548c\u8d44\u4ea7\u5265\u79bb\u7684\u652f\u6491\u3002<strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a100\u7f8e\u5143\u81f3115\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Chevron Corp (CVX)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>3Q23 Revenue: <\/strong>$54.08B, -18.8% YoY, beats estimates by $1.08B<\/li><li><strong>3Q23 Non-GAAP EPS:<\/strong> $3.05, misses estimates by $0.64<\/li><li><strong>4Q23 Guidance:<\/strong> Estimate for turnarounds and downtime includes approximately 30,000 barrels of oil equivalent per day for Tamar. The company anticipates affiliate dividends in the fourth quarter to be largely from TCO, it records a 15% withholding tax on TCO dividends.<\/li><li><strong>Comment: <\/strong>The company posted less-than-expected earnings as refining margin remains weak, declining YoY. Chevron Corp. also announced that costs at its $45bn Tengiz project in Kazakhstan will increase by about 4% due to a slower-than-expected start-up. The company will also need to pay an extra $1bn for its share of capital spending. As a result, the project&#8217;s free cash flow is expected to drop by 20% from 2025, and output will be lower than expected in 2023 and 2024. Despite these setbacks, the company recently announced that it would be acquiring Hess for $53bn, giving the company greater access to US shale production, further establishing its position as a market leader. This combination positions Chevron to strengthen its long-term performance and further enhance its advantaged portfolio by adding world-class assets, at the same time reducing supply chain risks as a result of ongoing tension around the world. The company\u2019s acquisition of Hess would increase the company\u2019s free cash flow, giving the company more cash on hand in the long term to do more share repurchases.&nbsp; <strong>4Q23 recommended trading range<\/strong><strong>: $135 to $155. Neutral Outlook.&nbsp;&nbsp;<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u96ea\u4f5b\u9f99 (CVX)&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a<\/strong>540.8\u4ebf\u7f8e\u5143, \u540c\u6bd4\u589e\u8dcc\u5e4518.8%\uff0c\u8d85\u9884\u671f10.8\u4ebf\u7f8e\u5143<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a3.05\u7f8e\u5143\uff0c\u900a\u9884\u671f0.64\u7f8e\u5143&nbsp;&nbsp;<\/li><li><strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u6307\u5f15\uff1a<\/strong>\u4f30\u8ba1Tamar\u7684\u5468\u8f6c\u548c\u505c\u673a\u65f6\u95f4\u7ea6\u4e3a\u6bcf\u592930,000\u6876\u6cb9\u5f53\u91cf\u3002\u8be5\u516c\u53f8\u9884\u8ba1\uff0c\u7b2c\u56db\u5b63\u5ea6\u9644\u5c5e\u516c\u53f8\u7684\u80a1\u606f\u5c06\u4e3b\u8981\u6765\u81eaTCO\uff0c\u5b83\u5c06\u5bf9TCO\u80a1\u606f\u5f81\u653615%\u7684\u9884\u6263\u7a0e\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u8be5\u516c\u53f8\u516c\u5e03\u7684\u6536\u76ca\u4f4e\u4e8e\u9884\u671f\uff0c\u56e0\u4e3a\u70bc\u6cb9\u5229\u6da6\u7387\u4ecd\u7136\u75b2\u8f6f\uff0c\u540c\u6bd4\u4e0b\u964d\u3002\u96ea\u4f5b\u9f99\u516c\u53f8\u8fd8\u5ba3\u5e03\uff0c\u7531\u4e8e\u542f\u52a8\u901f\u5ea6\u6162\u4e8e\u9884\u671f\uff0c\u5176\u5728\u54c8\u8428\u514b\u65af\u5766\u7684450\u4ebf\u7f8e\u5143Tengiz\u9879\u76ee\u7684\u6210\u672c\u5c06\u589e\u52a0\u7ea64%\u3002\u8be5\u516c\u53f8\u8fd8\u9700\u8981\u4e3a\u5176\u8d44\u672c\u652f\u51fa\u4efd\u989d\u989d\u5916\u652f\u4ed810\u4ebf\u7f8e\u5143\u3002\u56e0\u6b64\uff0c\u8be5\u9879\u76ee\u7684\u81ea\u7531\u73b0\u91d1\u6d41\u9884\u8ba1\u5c06\u6bd42025\u5e74\u4e0b\u964d20%\uff0c2023\u5e74\u548c2024\u5e74\u7684\u4ea7\u91cf\u5c06\u4f4e\u4e8e\u9884\u671f\u3002\u5c3d\u7ba1\u906d\u9047\u4e86\u8fd9\u4e9b\u632b\u6298\uff0c\u4f46\u8be5\u516c\u53f8\u6700\u8fd1\u5ba3\u5e03\u5c06\u4ee5530\u4ebf\u7f8e\u5143\u6536\u8d2dHess\uff0c\u8fd9\u5c06\u4f7f\u8be5\u516c\u53f8\u66f4\u5bb9\u6613\u8fdb\u5165\u7f8e\u56fd\u9875\u5ca9\u6cb9\u751f\u4ea7\uff0c\u8fdb\u4e00\u6b65\u786e\u7acb\u5176\u5e02\u573a\u9886\u5bfc\u8005\u7684\u5730\u4f4d\u3002\u6b64\u6b21\u5408\u5e76\u4f7f\u96ea\u4f5b\u9f99\u80fd\u591f\u52a0\u5f3a\u5176\u957f\u671f\u4e1a\u7ee9\uff0c\u5e76\u901a\u8fc7\u589e\u52a0\u4e16\u754c\u7ea7\u8d44\u4ea7\u8fdb\u4e00\u6b65\u589e\u5f3a\u5176\u4f18\u52bf\u6295\u8d44\u7ec4\u5408\uff0c\u540c\u65f6\u964d\u4f4e\u56e0\u5168\u7403\u7d27\u5f20\u5c40\u52bf\u800c\u5bfc\u81f4\u7684\u4f9b\u5e94\u94fe\u98ce\u9669\u3002\u516c\u53f8\u6536\u8d2d\u8d6b\u65af\u5c06\u589e\u52a0\u516c\u53f8\u7684\u81ea\u7531\u73b0\u91d1\u6d41\uff0c\u4ece\u957f\u8fdc\u6765\u770b\uff0c\u516c\u53f8\u5c06\u6709\u66f4\u591a\u7684\u73b0\u91d1\u6765\u8fdb\u884c\u66f4\u591a\u7684\u80a1\u7968\u56de\u8d2d\u3002<strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a135\u7f8e\u5143\u81f3155\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Phillips 66 (PSX)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>3Q23 Revenue: <\/strong>$40.32B, -17.31% YoY, beat estimates by $2.68B<\/li><li><strong>3Q23 Non-GAAP EPS:<\/strong> $4.63 miss estimates by $0.10<\/li><li><strong>4Q23 Guidance:<\/strong> Global O&amp;P utilization rate to be in the mid-90s. In Refining, it expects the fourth quarter worldwide crude utilisation rate to be in the low-90s and turnaround expenses to be between $90mn and $110mn. It anticipates fourth-quarter Corporate and Other costs to come in between $280mn and $300mn.<\/li><li><strong>Comment: <\/strong>The company posted a weaker set of results, primarily attributed to declining refining margins YoY worldwide. Crude utilization rate at Phillips 66 refineries was at 95%, the highest since 2019 amid strong summer fuel demand. Higher realized margins supported by the stronger utilization lifted Phillips 66\u2019s earnings QoQ. However. the tensions between Gaza and Israel are likely to continue putting pressure on oil prices The company also returned $6.7 billion through share repurchases and dividends since July 2022 and is now increasing this target to a range of $13bn to $15bn, compared to its original $10bn to $12bn target, and plans to return at least 50% of operating cash flow to shareholders. The company also plans to monetize non-core assets that are expected to generate over $3 billion in proceeds that will be deployed to further strategic priorities, including returns to shareholders. <strong>4Q23 recommended trading range<\/strong><strong>: $105 to $125. Positive Outlook.&nbsp;&nbsp;<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u83f2\u5229\u666e66 (PSX)&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a<\/strong>403.2\u4ebf\u7f8e\u5143, \u540c\u6bd4\u8dcc\u5e4517.31%\uff0c\u8d85\u9884\u671f26.8\u4ebf\u7f8e\u5143<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63Non-GAAP\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a4.63\u7f8e\u5143\uff0c\u900a\u9884\u671f0.10\u7f8e\u5143&nbsp;&nbsp;<\/li><li><strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u6307\u5f15\uff1a<\/strong>\u5168\u7403\u6cb9\u6c14\u5f00\u53d1\u5229\u7528\u7387\u5c06\u572890%\u81f3100%\u4e2d\u503c\u3002\u5728\u70bc\u6cb9\u4e1a\u52a1\u65b9\u9762\uff0c\u8be5\u516c\u53f8\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u5168\u7403\u539f\u6cb9\u4ea7\u80fd\u5229\u7528\u7387\u5c06\u572890%\u5de6\u53f3\uff0c\u5468\u8f6c\u8d39\u7528\u5c06\u57289,000\u4e07\u7f8e\u5143\u81f31.1\u4ebf\u7f8e\u5143\u4e4b\u95f4\u3002\u8be5\u516c\u53f8\u9884\u8ba1\uff0c\u7b2c\u56db\u5b63\u5ea6\u7684\u4f01\u4e1a\u548c\u5176\u4ed6\u6210\u672c\u5c06\u57282.8\u4ebf\u7f8e\u5143\u81f33\u4ebf\u7f8e\u5143\u4e4b\u95f4\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u8be5\u516c\u53f8\u516c\u5e03\u4e86\u4e00\u7ec4\u8f83\u5f31\u7684\u4e1a\u7ee9\uff0c\u4e3b\u8981\u5f52\u56e0\u4e8e\u5168\u7403\u70bc\u6cb9\u5229\u6da6\u7387\u540c\u6bd4\u4e0b\u964d\u3002\u7531\u4e8e\u590f\u5b63\u71c3\u6599\u9700\u6c42\u5f3a\u52b2\uff0c\u83f2\u5229\u666e\u65af66\u70bc\u6cb9\u5382\u7684\u539f\u6cb9\u5229\u7528\u7387\u4e3a95%\uff0c\u4e3a2019\u5e74\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u66f4\u9ad8\u7684\u5b9e\u73b0\u5229\u6da6\u7387\u53d7\u5230\u66f4\u5f3a\u7684\u5229\u7528\u7387\u7684\u652f\u6301\uff0c\u63d0\u9ad8\u4e86\u516c\u53f8\u7684\u5b63\u5ea6\u76c8\u5229\u3002\u7136\u800c\u3002\u81ea2022\u5e747\u6708\u4ee5\u6765\uff0c\u8be5\u516c\u53f8\u8fd8\u901a\u8fc7\u80a1\u7968\u56de\u8d2d\u548c\u80a1\u606f\u56de\u62a5\u4e8667\u4ebf\u7f8e\u5143\uff0c\u76ee\u524d\u6b63\u5c06\u8fd9\u4e00\u76ee\u6807\u63d0\u9ad8\u5230130\u4ebf\u81f3150\u4ebf\u7f8e\u5143\uff0c\u800c\u6700\u521d\u7684\u76ee\u6807\u662f100\u4ebf\u81f3120\u4ebf\u7f8e\u5143\uff0c\u5e76\u8ba1\u5212\u5c06\u81f3\u5c1150%\u7684\u8fd0\u8425\u73b0\u91d1\u6d41\u8fd4\u8fd8\u7ed9\u80a1\u4e1c\u3002\u8be5\u516c\u53f8\u8fd8\u8ba1\u5212\u5c06\u975e\u6838\u5fc3\u8d44\u4ea7\u8d27\u5e01\u5316\uff0c\u9884\u8ba1\u5c06\u4ea7\u751f\u8d85\u8fc730\u4ebf\u7f8e\u5143\u7684\u6536\u76ca\uff0c\u8fd9\u4e9b\u6536\u76ca\u5c06\u7528\u4e8e\u8fdb\u4e00\u6b65\u7684\u6218\u7565\u4f18\u5148\u4e8b\u9879\uff0c\u5305\u62ec\u56de\u62a5\u80a1\u4e1c\u3002<strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a105\u7f8e\u5143\u81f3125\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Colgate-Palmolive Co (CL)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>3Q23 Revenue: <\/strong>$4.92B, +10.3% YoY, beat estimates by $100M<\/li><li><strong>3Q23 Non-GAAP EPS:<\/strong> $0.86, beat estimate of $0.06<\/li><li><strong>FY23 Guidance:<\/strong> The Company now expects net sales growth to be 6% to 8% (versus 5% to 8% previously), including the benefit from our acquisitions of pet food businesses and a low-single-digit negative impact from foreign exchange. The Company increased its organic sales growth guidance to 7% to 8% (versus 5% to 7% previously).<\/li><li><strong>Comment: <\/strong>The company posted a strong set of results, boosted by a strong profit margin as it raised its prices by 9.5% globally for the quarter. The company has consistently increased prices over the last year to combat inflationary pressures, at the same time boosting its profit margins. The company highlighted that its strategy is working, and the continued execution of the strategy poses the company to be well-positioned for the future. The company believe this will enable it to deliver balanced organic sales growth going forward across its business in terms of both volume and pricing growth. While consumers remained resilient amidst rising prices for the previous quarter, consumer sentiment took a dip to the lowest level in 5 months in October, which may present headwinds for the company\u2019s sales. <strong>4Q23 recommended trading range<\/strong><strong>: $66 to $77. Neutral Outlook.&nbsp;&nbsp;<\/strong><\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u9ad8\u9732\u6d01\u68d5\u6984 (CL)&nbsp;<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a<\/strong>49.2\u4ebf\u7f8e\u5143, \u540c\u6bd4\u589e\u5e4510.3%\uff0c\u8d85\u9884\u671f1\u4ebf\u7f8e\u5143<\/li><li><strong>23\u8d22\u5e74\u7b2c\u4e09\u5b63\u6bcf\u80a1\u76c8\u5229<\/strong>\uff1a0.86\u7f8e\u5143\uff0c\u8d85\u9884\u671f0.06\u7f8e\u5143<\/li><li><strong>23\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u516c\u53f8\u76ee\u524d\u9884\u8ba1\u51c0\u9500\u552e\u989d\u589e\u957f\u4e3a6%\u81f38%\uff08\u4e4b\u524d\u4e3a5%\u81f38%\uff09\uff0c\u5305\u62ec\u6536\u8d2d\u5ba0\u7269\u98df\u54c1\u4e1a\u52a1\u5e26\u6765\u7684\u6536\u76ca\u548c\u6765\u81ea\u5916\u6c47\u7684\u4f4e\u4e2a\u4f4d\u6570\u7684\u8d1f\u9762\u5f71\u54cd\u3002\u8be5\u516c\u53f8\u5c06\u6709\u673a\u9500\u552e\u589e\u957f\u9884\u671f\u4e0a\u8c03\u81f37%\u81f38%\uff08\u6b64\u524d\u4e3a5%\u81f37%\uff09\u3002<\/li><li><strong>\u77ed\u8bc4\uff1a<\/strong>\u8be5\u516c\u53f8\u516c\u5e03\u4e86\u4e00\u7cfb\u5217\u5f3a\u52b2\u7684\u4e1a\u7ee9\uff0c\u8fd9\u5f97\u76ca\u4e8e\u8be5\u5b63\u5ea6\u5168\u7403\u63d0\u4ef79.5%\u5e26\u6765\u7684\u5f3a\u52b2\u5229\u6da6\u7387\u3002\u8be5\u516c\u53f8\u53bb\u5e74\u4e00\u76f4\u5728\u63d0\u9ad8\u4ef7\u683c\uff0c\u4ee5\u5e94\u5bf9\u901a\u80c0\u538b\u529b\uff0c\u540c\u65f6\u63d0\u9ad8\u5229\u6da6\u7387\u3002\u8be5\u516c\u53f8\u5f3a\u8c03\u5176\u6218\u7565\u6b63\u5728\u53d1\u6325\u4f5c\u7528\uff0c\u8be5\u6218\u7565\u7684\u6301\u7eed\u6267\u884c\u4f7f\u516c\u53f8\u5728\u672a\u6765\u5904\u4e8e\u6709\u5229\u5730\u4f4d\u3002\u8be5\u516c\u53f8\u8ba4\u4e3a\u8fd9\u5c06\u4f7f\u5176\u80fd\u591f\u5728\u6570\u91cf\u548c\u4ef7\u683c\u589e\u957f\u65b9\u9762\u5b9e\u73b0\u6574\u4e2a\u4e1a\u52a1\u7684\u5e73\u8861\u6709\u673a\u9500\u552e\u589e\u957f\u3002\u867d\u7136\u6d88\u8d39\u8005\u5728\u4e0a\u4e00\u5b63\u5ea6\u7684\u7269\u4ef7\u4e0a\u6da8\u4e2d\u4fdd\u6301\u4e86\u5f39\u6027\uff0c\u4f4610\u6708\u4efd\u6d88\u8d39\u8005\u4fe1\u5fc3\u964d\u81f35\u4e2a\u6708\u6765\u7684\u6700\u4f4e\u6c34\u5e73\uff0c\u8fd9\u53ef\u80fd\u5bf9\u8be5\u516c\u53f8\u7684\u9500\u552e\u6784\u6210\u4e0d\u5229\u5f71\u54cd\u3002<strong>23\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a66\u7f8e\u5143\u81f377\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 Teekay Tankers Ltd. (TNK US) Shares closed higher above the 5dEMA with constructive volume.&nbsp; RSI is at an \u201coversold\u201d level, while MACD is positive. Long \u2013 Entry 48.40, Target 52.40, Stop 46.40 Scorpio Tankers (STNG US) Shares closed higher above the 5dEMA with rising volume.&nbsp; MACD [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-34837","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 5dEMA with constructive volume. RSI is at an \u201coversold\u201d level, while MACD is positive. Long \u2013 Entry 48.40, Target 52.40, Stop 46.40 Scorpio Tankers (STNG US) Shares closed higher above the 5dEMA with rising volume. MACD just turned positive, RSI is\" \/>\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-30-october-2023\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.1.1\" \/>\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 30 October 2023 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed higher above the 5dEMA with constructive volume. RSI is at an \u201coversold\u201d level, while MACD is positive. Long \u2013 Entry 48.40, Target 52.40, Stop 46.40 Scorpio Tankers (STNG US) Shares closed higher above the 5dEMA with rising volume. 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