{"id":95825,"date":"2026-10-14T08:00:00","date_gmt":"2026-10-14T00:00:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=95825"},"modified":"2026-10-14T15:43:29","modified_gmt":"2026-10-14T07:43:29","slug":"technical-analysis-14-october-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-14-october-2026\/","title":{"rendered":"Technical Analysis: 14 October 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"95825\" class=\"elementor elementor-95825\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7de8b58c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7de8b58c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-327eb9a6\" data-id=\"327eb9a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3580cd48 elementor-widget elementor-widget-heading\" data-id=\"3580cd48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">TECHNICAL ANALYSIS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76fb0d42 elementor-widget elementor-widget-heading\" data-id=\"76fb0d42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Technical Analysis: 14 October 2026<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78cfe52b elementor-widget elementor-widget-text-editor\" data-id=\"78cfe52b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-family: Montserrat; font-size: 13px; font-weight: 600; background: #e8f4ff; padding: 12px 18px; border-radius: 0px; margin-top: 16px;\"><span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#sp\">SINGAPORE<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#hk\">HONG KONG<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#us\">UNITED STATES<\/a>\u00a0\u00a0<\/span><\/span>|<span style=\"color: #15a4ff;\">\u00a0\u00a0<\/span><a style=\"background-color: #e8f4ff;\" href=\"#er\">EARNINGS<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5fd542a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5fd542a2\" data-element_type=\"section\" data-e-type=\"section\" id=\"sg\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7d1bf575\" data-id=\"7d1bf575\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d6ff210 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3d6ff210\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-211acbef e-flex e-con-boxed e-con e-parent\" data-id=\"211acbef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-caa650a e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"caa650a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d889dd6 elementor-widget elementor-widget-text-editor\" data-id=\"d889dd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">HFC SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Hong Fok Corporation Limited<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05a679f elementor-widget elementor-widget-text-editor\" data-id=\"05a679f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Shares closed on the 5dEMA with rising volume.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Long \u2013 Entry 0.96, Target 1.06, Stop 0.91<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3848921 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3848921\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e0c58a elementor-widget elementor-widget-image\" data-id=\"5e0c58a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1532\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_HFC.png\" class=\"attachment-full size-full wp-image-95828\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_HFC.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_HFC-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_HFC-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_HFC-768x460.png 768w\" sizes=\"(max-width: 1532px) 100vw, 1532px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-04e9bfc e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"04e9bfc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55d7169 elementor-widget elementor-widget-text-editor\" data-id=\"55d7169\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">RGL SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Reclaims Global Limited<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc8b150 elementor-widget elementor-widget-text-editor\" data-id=\"cc8b150\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">Shares closed above the 5dEMA with elevated volume.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">RSI is constructive and MACD is about to turn positive.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"23\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">Long \u2013 Entry 0.21, Target 0.23, Stop 0.20<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f6c763 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5f6c763\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a7904c elementor-widget elementor-widget-image\" data-id=\"2a7904c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1532\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_RGL.png\" class=\"attachment-full size-full wp-image-95829\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_RGL.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_RGL-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_RGL-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_SG_RGL-768x460.png 768w\" sizes=\"(max-width: 1532px) 100vw, 1532px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-59bbfb01 e-flex e-con-boxed e-con e-parent\" data-id=\"59bbfb01\" data-element_type=\"container\" data-e-type=\"container\" id=\"hk\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-48ad8487 e-con-full e-flex e-con e-child\" data-id=\"48ad8487\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6496da02 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"6496da02\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Hong Kong<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd4939c e-flex e-con-boxed e-con e-parent\" data-id=\"dd4939c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3d487d4 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"3d487d4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0750803 elementor-widget elementor-widget-text-editor\" data-id=\"0750803\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">883 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">CNOOC Ltd<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-124ee20 elementor-widget elementor-widget-text-editor\" data-id=\"124ee20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 100dEMA with rising volume. The 5dEMA crossed the 20dEMA.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">RSI is constructive while MACD is about to turn positive.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"15\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Long \u2013 Entry 24.2, Target 26.0, Stop 23.3<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f056d27 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f056d27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f49f4ce elementor-widget elementor-widget-image\" data-id=\"f49f4ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1563\" height=\"996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883.png\" class=\"attachment-full size-full wp-image-95830\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_883-1536x979.png 1536w\" sizes=\"(max-width: 1563px) 100vw, 1563px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b8022e e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"7b8022e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6b8373 elementor-widget elementor-widget-text-editor\" data-id=\"d6b8373\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0px 0px 6px; text-align: left;\">857 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">PetroChina Company Limited<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d33577d elementor-widget elementor-widget-text-editor\" data-id=\"d33577d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed at a one-month high, above the 5dEMA with a surge in volume.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"8\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Long \u2013 Entry 10.0, Target 10.8, Stop 9.6<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f3ea9c elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"0f3ea9c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd858b1 elementor-widget elementor-widget-image\" data-id=\"cd858b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1563\" height=\"996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857.png\" class=\"attachment-full size-full wp-image-95831\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_14Oct_HK_857-1536x979.png 1536w\" sizes=\"(max-width: 1563px) 100vw, 1563px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-994114a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"994114a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ec83e44 e-flex e-con-boxed e-con e-parent\" data-id=\"ec83e44\" data-element_type=\"container\" data-e-type=\"container\" id=\"us\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2a2d5e8f e-con-full e-flex e-con e-child\" data-id=\"2a2d5e8f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d298853 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d298853\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">United States<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-134e20a e-flex e-con-boxed e-con e-parent\" data-id=\"134e20a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-01b9b82 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"01b9b82\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-9a06bb0 elementor-widget elementor-widget-text-editor\" data-id=\"9a06bb0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">TXN US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Texas Instruments Incorporated<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aa0b9c7 elementor-widget elementor-widget-text-editor\" data-id=\"aa0b9c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 5dEMA with rising volume.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"5\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry 280, Target 330, Stop 255<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e5bd12 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"9e5bd12\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-aeea6c2 elementor-widget elementor-widget-image\" data-id=\"aeea6c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2060\" height=\"1230\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM.png\" class=\"attachment-full size-full wp-image-95868\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM.png 2060w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM-1024x611.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM-768x459.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM-1536x917.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.37.30-PM-2048x1223.png 2048w\" sizes=\"(max-width: 2060px) 100vw, 2060px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-4237d1e e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"4237d1e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-fc55e63 elementor-widget elementor-widget-text-editor\" data-id=\"fc55e63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">INTT US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">inTest Corporation<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c3c04ea elementor-widget elementor-widget-text-editor\" data-id=\"c3c04ea\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 5dEMA with elevated volume for the week.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry 14.5, Target 19.5, Stop 12.0<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e7e8b9 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"9e7e8b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-42d7ae4 elementor-widget elementor-widget-image\" data-id=\"42d7ae4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2056\" height=\"1224\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM.png\" class=\"attachment-full size-full wp-image-95869\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM.png 2056w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM-1024x610.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM-768x457.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM-1536x914.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/Screenshot-2026-10-14-at-3.38.23-PM-2048x1219.png 2048w\" sizes=\"(max-width: 2056px) 100vw, 2056px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a0c420a e-con e-atomic-element e-flexbox-base e-default-div e-1a0c420a-108c1cb \" data-id=\"1a0c420a\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"1a0c420a\" data-e-type=\"e-flexbox\" data-id=\"1a0c420a\">\n    \t\t\t<p class=\"e-32092b11-15817bd e-paragraph-base e-default-p\" data-interaction-id=\"32092b11\" data-e-type=\"widget\" data-id=\"32092b11\"><a target=\"_self\" href=\"#top\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-30f27d76 e-flex e-con-boxed e-con e-parent\" data-id=\"30f27d76\" data-element_type=\"container\" data-e-type=\"container\" id=\"er\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ad2646f e-con-full e-flex e-con e-child\" data-id=\"ad2646f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50b50a35 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"50b50a35\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Earnings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-39b0c2cc e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"39b0c2cc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_tablet&quot;:&quot;fadeInUp&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-297187d6 elementor-widget elementor-widget-text-editor\" data-id=\"297187d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">UnitedHealth Group (UNH)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\" style=\"font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 1rem;\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\" style=\"font-family: -apple-system, BlinkMacSystemFont, &quot;Segoe UI&quot;, Roboto, &quot;Helvetica Neue&quot;, Arial, &quot;Noto Sans&quot;, sans-serif, &quot;Apple Color Emoji&quot;, &quot;Segoe UI Emoji&quot;, &quot;Segoe UI Symbol&quot;, &quot;Noto Color Emoji&quot;; font-size: 1rem;\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$112.69B, -0.4% YoY, beat estimates by US$1.38B.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$4.69 adjusted, +60.6% YoY, beat estimates by US$0.55.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">The company did not provide separate 4Q26 revenue or EPS guidance.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">Raised adjusted EPS guidance to at least US$20.50 from US$19.50\u201320.00; GAAP EPS to at least US$19.50 from US$18.45\u201318.95. No new full-year revenue guidance was provided.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">Year-to-date share repurchases US$5.0bn and cash dividends US$6.2bn. Quarterly operating cash flow US$5.1bn (1.2x net income); debt-to-capital 41.7%, with approximately 40% year-end target.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a positive quarter for the recovery thesis, although improving margins rather than revenue growth drove the result. Insurance repricing, benefit changes and medical cost control helped reduce the medical care ratio to 88.4% from 89.9%. The raised adjusted EPS floor provides a firmer earnings baseline and suggests management is gaining confidence in the turnaround. However, US$610M of favourable medical reserve development supported the quarter, so the full margin improvement should not be extrapolated as a recurring run rate. Membership remains the principal constraint. Medicare Advantage enrolment has fallen by 935,000 since year-end, while Optum Health revenue declined 10% as the business reduced its presence in less viable value-based care markets. Exiting weak contracts can improve profitability, but it also reduces the revenue base. The next stage of the recovery requires membership stabilisation alongside sustained medical cost discipline, rather than further contraction alone. Shares closed at US$377.76 on 13 October, down 0.2%, despite the initial positive reaction. That represents approximately 18.4x the new FY26 adjusted EPS floor. The valuation leaves room for upside if the recovery proves durable, but does not justify assuming an immediate return to historical margins. Watch medical costs excluding reserve effects, Medicare Advantage retention, Optum Health profitability and whether earnings improvement broadens into revenue growth. The higher guidance supports a positive stance, with conviction dependent on the next evidence of sustainable operating progress.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$349\u2013410. Positive Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u8054\u5408\u5065\u5eb7\u96c6\u56e2 (UNH)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">1,126.9\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d0.4%\uff0c\u8d85\u51fa\u9884\u671f13.8\u4ebf\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca4.69\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f60.6%\uff0c\u8d85\u51fa\u9884\u671f0.55\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u53f8\u672a\u63d0\u4f9b\u5355\u72ec\u768426\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u753119.50\u201320.00\u7f8e\u5143\u4e0a\u8c03\u81f3\u81f3\u5c1120.50\u7f8e\u5143\uff1b\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\u753118.45\u201318.95\u7f8e\u5143\u4e0a\u8c03\u81f3\u81f3\u5c1119.50\u7f8e\u5143\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u65b0\u7684\u5168\u5e74\u8425\u6536\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5e74\u521d\u81f3\u4eca\u56de\u8d2d\u7ea650\u4ebf\u7f8e\u5143\u80a1\u7968\uff0c\u5e76\u652f\u4ed8\u7ea662\u4ebf\u7f8e\u5143\u80a1\u606f\u3002\u672c\u5b63\u5ea6\u7ecf\u8425\u73b0\u91d1\u6d41\u4e3a51\u4ebf\u7f8e\u5143\uff0c\u76f8\u5f53\u4e8e\u51c0\u5229\u6da6\u76841.2\u500d\u3002\u503a\u52a1\u8d44\u672c\u6bd4\u7387\u4e3a41.7%\uff0c\u5e74\u5e95\u76ee\u6807\u7ea6\u4e3a40%\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u5bf9\u76c8\u5229\u4fee\u590d\u903b\u8f91\u5f62\u6210\u652f\u6301\uff0c\u4f46\u6539\u5584\u4e3b\u8981\u6765\u81ea\u5229\u6da6\u7387\uff0c\u800c\u975e\u8425\u6536\u589e\u957f\u3002\u4fdd\u9669\u91cd\u65b0\u5b9a\u4ef7\u3001\u798f\u5229\u8bbe\u8ba1\u8c03\u6574\u53ca\u533b\u7597\u6210\u672c\u63a7\u5236\uff0c\u4f7f\u533b\u7597\u8d54\u4ed8\u7387\u753189.9%\u964d\u81f388.4%\u3002\u5168\u5e74\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e0b\u9650\u4e0a\u8c03\uff0c\u4e3a\u4f30\u503c\u63d0\u4f9b\u66f4\u660e\u786e\u7684\u76c8\u5229\u57fa\u7840\uff0c\u4e5f\u663e\u793a\u7ba1\u7406\u5c42\u5bf9\u8f6c\u578b\u8fdb\u5c55\u7684\u4fe1\u5fc3\u589e\u5f3a\u3002\u4e0d\u8fc7\uff0c\u672c\u5b63\u5ea6\u5305\u542b6.10\u4ebf\u7f8e\u5143\u6709\u5229\u533b\u7597\u51c6\u5907\u91d1\u8c03\u6574\uff0c\u56e0\u6b64\u4e0d\u5b9c\u5c06\u5168\u90e8\u5229\u6da6\u7387\u6539\u5584\u89c6\u4e3a\u53ef\u6301\u7eed\u7684\u7ecf\u8425\u6c34\u5e73\u3002 \u4f1a\u5458\u6536\u7f29\u4ecd\u662f\u6838\u5fc3\u5236\u7ea6\u3002Medicare Advantage\u4f1a\u5458\u8f83\u5e74\u5e95\u51cf\u5c1193.5\u4e07\u4eba\uff1bOptum Health\u9000\u51fa\u90e8\u5206\u7f3a\u4e4f\u7ecf\u8425\u89c4\u6a21\u7684\u4ef7\u503c\u533b\u7597\u5e02\u573a\uff0c\u8425\u6536\u4e0b\u964d10%\u3002\u9000\u51fa\u4f4e\u6548\u4e1a\u52a1\u6709\u52a9\u4e8e\u6539\u5584\u76c8\u5229\uff0c\u4f46\u4e5f\u7f29\u5c0f\u6536\u5165\u57fa\u7840\u3002\u4e0b\u4e00\u9636\u6bb5\u9700\u8981\u5728\u7ef4\u6301\u533b\u7597\u6210\u672c\u7eaa\u5f8b\u7684\u540c\u65f6\u7a33\u5b9a\u4f1a\u5458\u4eba\u6570\uff0c\u800c\u4e0d\u80fd\u4ec5\u4f9d\u9760\u8fdb\u4e00\u6b65\u6536\u7f29\u3002 10\u670813\u65e5\u80a1\u4ef7\u6536\u4e8e377.76\u7f8e\u5143\uff0c\u4e0b\u8dcc0.2%\uff0c\u5c3d\u7ba1\u8d22\u62a5\u53d1\u5e03\u540e\u521d\u671f\u53cd\u5e94\u79ef\u6781\u3002\u6309\u65b0\u7684\u5168\u5e74\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e0b\u9650\u8ba1\u7b97\uff0c\u4f30\u503c\u7ea6\u4e3a18.4\u500d\u5e02\u76c8\u7387\u3002\u82e5\u4fee\u590d\u6301\u7eed\uff0c\u4f30\u503c\u4ecd\u6709\u4e0a\u884c\u7a7a\u95f4\uff0c\u4f46\u76ee\u524d\u4e0d\u8db3\u4ee5\u5047\u8bbe\u5229\u6da6\u7387\u8fc5\u901f\u56de\u5230\u5386\u53f2\u6c34\u5e73\u3002\u540e\u7eed\u91cd\u70b9\u662f\u5254\u9664\u51c6\u5907\u91d1\u5f71\u54cd\u540e\u7684\u533b\u7597\u6210\u672c\u3001Medicare Advantage\u7559\u5b58\u3001Optum Health\u76c8\u5229\uff0c\u4ee5\u53ca\u5229\u6da6\u6539\u5584\u80fd\u5426\u6269\u5c55\u81f3\u8425\u6536\u589e\u957f\u3002\u4e0a\u8c03\u6307\u5f15\u652f\u6301\u6b63\u9762\u5224\u65ad\uff0c\u4f46\u66f4\u9ad8\u786e\u4fe1\u5ea6\u4ecd\u9700\u6301\u7eed\u7ecf\u8425\u6539\u5584\u7684\u8bc1\u636e\u3002<\/span><b><span data-contrast=\"auto\"> 26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a349\u2013410\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f\u3002<br><\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">JPMorgan Chase &amp; Co. (JPM)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$50.17B reported, +8.1% YoY, missed estimates by US$1.04B.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$5.75 adjusted, missed estimates by US$0.19.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">4Q26: NII excluding Markets approximately US$25.5bn; total NII approximately US$28bn; adjusted expense approximately US$27.5bn, all market dependent. Revenue and EPS guidance not provided.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">FY26 total NII approximately US$106.2bn versus prior US$105.5bn; NII excluding Markets approximately US$97.2bn versus US$96.5bn; adjusted expense approximately US$108.6bn versus US$107.5bn. Card Services net charge-off rate approximately 3.2%. Preliminary 2027 central case NII excluding Markets approximately US$107bn. Full-year EPS guidance not provided.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">Quarterly common dividend US$1.65\/share, US$4.4bn distributed. Net common stock repurchases US$664m; management reduced repurchases to prioritise franchise\/client capital deployment. Standardised CET1 13.9%; ROTCE 20% reported and 21% excluding securities losses.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a resilient operating quarter, but the earnings miss and faster expense growth limit the case for a stronger near-term call. Average loans increased 10% and deposits 8%, supporting core interest income. Consumer banking revenue rose 9%, while card balances and asset-management fees added to growth. Higher interest-income guidance provides support through year-end. Capital-markets performance was strong but uneven: equity markets revenue increased 49%, whereas fixed-income revenue declined 4%. Investment-banking fees rose 14% year on year but fell 8% sequentially as client activity moderated. Diversification remains valuable, but the strongest trading performance should not be extrapolated across the franchise. Adjusted EPS excludes a securities repositioning loss, yet still missed consensus. Expenses increased 12%, outpacing managed revenue growth of 8%; the higher annual expense forecast absorbs part of the NII upgrade. Credit remained manageable, although the US$539M reserve build highlights forward risks. Reduced buybacks also limit immediate per-share support as management favours business investment and client capital deployment. The preliminary 2027 NII outlook is encouraging, but depends on rates and balance-sheet growth. Watch deposit growth, card losses, investment-banking activity and expense discipline. Our neutral outlook balances strong franchise quality against weaker-than-expected earnings and rising costs.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$282\u2013338. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u6469\u6839\u5927\u901a (JPM)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">\u6309\u62a5\u544a\u53e3\u5f84\u4e3a501.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f8.1%\uff0c\u4f4e\u4e8e\u9884\u671f10.4\u4ebf\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca5.75\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.19\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u4e0d\u542b\u5e02\u573a\u4e1a\u52a1\u7684\u51c0\u5229\u606f\u6536\u5165\u7ea6255\u4ebf\u7f8e\u5143\uff0c\u603b\u51c0\u5229\u606f\u6536\u5165\u7ea6280\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u8d39\u7528\u7ea6275\u4ebf\u7f8e\u5143\uff0c\u5747\u53d6\u51b3\u4e8e\u5e02\u573a\u73af\u5883\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u603b\u51c0\u5229\u606f\u6536\u5165\u7531\u7ea61,055\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f31,062\u4ebf\u7f8e\u5143\uff1b\u4e0d\u542b\u5e02\u573a\u4e1a\u52a1\u90e8\u5206\u7531965\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f3972\u4ebf\u7f8e\u5143\u3002\u8c03\u6574\u540e\u8d39\u7528\u75311,075\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f31,086\u4ebf\u7f8e\u5143\uff1b\u4fe1\u7528\u5361\u51c0\u6838\u9500\u7387\u7ea63.2%\u30022027\u5e74\u4e0d\u542b\u5e02\u573a\u4e1a\u52a1\u51c0\u5229\u606f\u6536\u5165\u521d\u6b65\u57fa\u51c6\u7ea61,070\u4ebf\u7f8e\u5143\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u6bcf\u5b63\u5ea6\u666e\u901a\u80a1\u80a1\u606f\u4e3a1.65\u7f8e\u5143\uff0c\u5206\u914d\u7ea644\u4ebf\u7f8e\u5143\u80a1\u606f\u3002\u666e\u901a\u80a1\u51c0\u56de\u8d2d\u4ec56.64\u4ebf\u7f8e\u5143\uff0c\u7ba1\u7406\u5c42\u4f18\u5148\u5c06\u8d44\u672c\u6295\u5165\u4e1a\u52a1\u53ca\u5ba2\u6237\u9700\u6c42\u3002\u6807\u51c6\u5316CET1\u4e3a13.9%\uff1b\u62a5\u544a\u53ca\u8c03\u6574\u540e\u6709\u5f62\u666e\u901a\u80a1\u6743\u76ca\u56de\u62a5\u7387\u5206\u522b\u4e3a20%\u548c21%\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u7ecf\u8425\u4ecd\u5177\u97e7\u6027\uff0c\u4f46\u76c8\u5229\u4f4e\u4e8e\u9884\u671f\u53ca\u8d39\u7528\u589e\u957f\u8f83\u5feb\uff0c\u9650\u5236\u4e86\u77ed\u671f\u8fdb\u4e00\u6b65\u770b\u591a\u7684\u4f9d\u636e\u3002\u5e73\u5747\u8d37\u6b3e\u589e\u957f10%\uff0c\u5b58\u6b3e\u589e\u957f8%\uff0c\u652f\u6491\u6838\u5fc3\u5229\u606f\u6536\u5165\uff1b\u6d88\u8d39\u8005\u94f6\u884c\u8425\u6536\u589e\u957f9%\uff0c\u4fe1\u7528\u5361\u4f59\u989d\u53ca\u8d44\u4ea7\u7ba1\u7406\u8d39\u4e5f\u63d0\u4f9b\u8d21\u732e\u3002\u51c0\u5229\u606f\u6536\u5165\u6307\u5f15\u4e0a\u8c03\uff0c\u4e3a\u5e74\u5e95\u524d\u76c8\u5229\u63d0\u4f9b\u652f\u6491\u3002\u8d44\u672c\u5e02\u573a\u8868\u73b0\u5f3a\u52b2\u4f46\u5206\u5316\uff1a\u80a1\u7968\u4e1a\u52a1\u6536\u5165\u589e\u957f49%\uff0c\u56fa\u5b9a\u6536\u76ca\u6536\u5165\u4e0b\u964d4%\uff1b\u6295\u884c\u8d39\u7528\u540c\u6bd4\u589e\u957f14%\uff0c\u4f46\u73af\u6bd4\u4e0b\u964d8%\uff0c\u5ba2\u6237\u6d3b\u52a8\u6709\u6240\u964d\u6e29\u3002\u591a\u5143\u5316\u4e1a\u52a1\u4ecd\u5177\u4ef7\u503c\uff0c\u4f46\u4e0d\u80fd\u5c06\u6700\u5f3a\u4ea4\u6613\u4e1a\u52a1\u7684\u8868\u73b0\u5916\u63a8\u81f3\u6574\u4e2a\u96c6\u56e2\u3002\u8c03\u6574\u540eEPS\u5254\u9664\u4e86\u8bc1\u5238\u7ec4\u5408\u8c03\u6574\u635f\u5931\uff0c\u4f46\u4ecd\u4f4e\u4e8e\u9884\u671f\u3002\u8d39\u7528\u589e\u957f12%\uff0c\u5feb\u4e8e\u7ba1\u7406\u53e3\u5f84\u8425\u6536\u76848%\u589e\u901f\uff1b\u5168\u5e74\u8d39\u7528\u6307\u5f15\u4e0a\u8c03\uff0c\u62b5\u6d88\u4e86\u90e8\u5206\u51c0\u5229\u606f\u6536\u5165\u6539\u5584\u3002\u4fe1\u8d37\u4ecd\u53ef\u63a7\uff0c\u4f465.39\u4ebf\u7f8e\u5143\u51c6\u5907\u91d1\u589e\u52a0\u663e\u793a\u524d\u77bb\u98ce\u9669\u4ecd\u9700\u5173\u6ce8\u3002\u56de\u8d2d\u51cf\u5c11\u4e5f\u9650\u5236\u4e86\u6bcf\u80a1\u6536\u76ca\u7684\u76f4\u63a5\u652f\u6491\uff0c\u7ba1\u7406\u5c42\u4f18\u5148\u6295\u8d44\u4e1a\u52a1\u53ca\u5ba2\u6237\u8d44\u672c\u9700\u6c42\u30022027\u5e74\u51c0\u5229\u606f\u6536\u5165\u521d\u6b65\u5c55\u671b\u79ef\u6781\uff0c\u4f46\u4f9d\u8d56\u5229\u7387\u53ca\u8d44\u4ea7\u8d1f\u503a\u8868\u589e\u957f\u3002\u540e\u7eed\u91cd\u70b9\u662f\u5b58\u6b3e\u589e\u957f\u3001\u4fe1\u7528\u5361\u635f\u5931\u3001\u6295\u884c\u4e1a\u52a1\u53ca\u8d39\u7528\u7eaa\u5f8b\u3002\u5f3a\u5927\u4e1a\u52a1\u57fa\u7840\u4e0e\u76c8\u5229\u4e0d\u53ca\u9884\u671f\u3001\u6210\u672c\u538b\u529b\u5e76\u5b58\uff0c\u56e0\u6b64\u7ef4\u6301\u4e2d\u6027\u5224\u65ad\u3002<\/span><b><span data-contrast=\"auto\"> 26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a282\u2013338\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">The Goldman Sachs Group, Inc. (GS)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$18.68B, +23% YoY, beat estimates by US$1.81B.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$17.01 GAAP, +38.9% YoY, beat estimates by US$4.11.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">The company did not provide 4Q26 revenue or EPS guidance.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">The company did not provide FY26 revenue or EPS guidance. Management remains constructive on franchise growth; the investment-banking fee backlog declined versus 2Q26.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">US$3.00bn quarterly share repurchases plus US$1.49bn common dividends, total US$4.49bn returned. US$5.00\/share dividend declared for payment 30 December 2026, record date 2 December. Dividend unchanged from the US$5.00 rate introduced in 3Q26. ROE 18.7%, ROTE 20.5%; book value\/share US$372.64.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"24\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a strong quarter, with a substantial revenue and EPS beat demonstrating the strength of Goldman&#8217;s client franchise. Equities revenue increased 72% to US$6.44B, supported by financing and intermediation, while investment-banking fees rose 21% to US$3.22B. FICC revenue was broadly unchanged at US$3.47B as stronger financing and currencies offset weaker activity elsewhere. The result therefore reflects exceptional equities performance rather than uniform acceleration across every market business. The earnings beat also absorbed an accelerated charitable contribution that reduced EPS by approximately US$1.00. However, revenue and EPS declined from the unusually strong second quarter, and the investment-banking fee backlog fell sequentially. Those factors argue against treating the third-quarter run rate as a floor for future profits. Asset and Wealth Management is strengthening the recurring earnings base. Revenue increased 14% and management and other fees rose 22%, while assets under supervision reached US$4.10T with US$97B of long-term net inflows. Sustained fee growth matters because it can reduce dependence on volatile trading and investment revenues. Incentive fees and investment gains nevertheless remain less predictable. An 18.7% ROE and 20.5% ROTE support the franchise&#8217;s valuation premium, while US$4.49B of shareholder distributions provide additional support. Our positive outlook rests on strong client engagement, improving recurring fees and capital returns. Watch equities financing, transaction completion, the deal backlog, inflows and expense discipline. The principal risk is a normalisation of trading activity before recurring revenues become a larger earnings contributor.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$854\u20131,024. Positive Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u9ad8\u76db\u96c6\u56e2 (GS)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">186.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f23%\uff0c\u8d85\u51fa\u9884\u671f18.1\u4ebf\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca17.01\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f38.9%\uff0c\u8d85\u51fa\u9884\u671f4.11\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u53f8\u672a\u63d0\u4f9b26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u53f8\u672a\u63d0\u4f9b26\u8d22\u5e74\u5168\u5e74\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002\u7ba1\u7406\u5c42\u5bf9\u4e1a\u52a1\u589e\u957f\u4ecd\u6301\u79ef\u6781\u5224\u65ad\uff0c\u4f46\u6295\u884c\u8d39\u7528\u79ef\u538b\u8f83\u7b2c\u4e8c\u5b63\u5ea6\u4e0b\u964d\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u56de\u8d2d30\u4ebf\u7f8e\u5143\u80a1\u7968\uff0c\u652f\u4ed814.9\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u80a1\u606f\uff0c\u5408\u8ba1\u8fd4\u8fd844.9\u4ebf\u7f8e\u5143\u3002\u6bcf\u80a15.00\u7f8e\u5143\u80a1\u606f\u5c06\u4e8e12\u670830\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e5\u4e3a12\u67082\u65e5\u3002\u80a1\u672c\u56de\u62a5\u7387\u4e3a18.7%\uff0c\u6709\u5f62\u80a1\u672c\u56de\u62a5\u7387\u4e3a20.5%\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8425\u6536\u548c\u6bcf\u80a1\u6536\u76ca\u663e\u8457\u8d85\u51fa\u9884\u671f\uff0c\u8bc1\u660e\u9ad8\u76db\u5ba2\u6237\u4e1a\u52a1\u7684\u5b9e\u529b\u3002\u80a1\u7968\u4e1a\u52a1\u6536\u5165\u589e\u957f72%\u81f364.4\u4ebf\u7f8e\u5143\uff0c\u878d\u8d44\u53ca\u4ea4\u6613\u4e1a\u52a1\u5747\u6709\u8d21\u732e\uff1b\u6295\u884c\u8d39\u7528\u589e\u957f21%\u81f332.2\u4ebf\u7f8e\u5143\u3002\u56fa\u5b9a\u6536\u76ca\u3001\u8d27\u5e01\u53ca\u5546\u54c1\u6536\u5165\u57fa\u672c\u6301\u5e73\u4e8e34.7\u4ebf\u7f8e\u5143\uff0c\u878d\u8d44\u548c\u5916\u6c47\u6539\u5584\u62b5\u6d88\u5176\u4ed6\u4e1a\u52a1\u75b2\u5f31\u3002\u56e0\u6b64\uff0c\u5f3a\u52b2\u7ed3\u679c\u4e3b\u8981\u4f53\u73b0\u80a1\u7968\u4e1a\u52a1\u7684\u7a81\u51fa\u8868\u73b0\uff0c\u800c\u975e\u6240\u6709\u5e02\u573a\u4e1a\u52a1\u540c\u6b65\u52a0\u901f\u3002 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\u8d44\u4ea7\u53ca\u8d22\u5bcc\u7ba1\u7406\u7ee7\u7eed\u589e\u5f3a\u7ecf\u5e38\u6027\u76c8\u5229\u57fa\u7840\u3002\u8425\u6536\u589e\u957f14%\uff0c\u7ba1\u7406\u53ca\u5176\u4ed6\u8d39\u7528\u589e\u957f22%\uff1b\u7ba1\u7406\u8d44\u4ea7\u8fbe\u52304.10\u4e07\u4ebf\u7f8e\u5143\uff0c\u957f\u671f\u51c0\u6d41\u5165\u4e3a970\u4ebf\u7f8e\u5143\u3002\u6301\u7eed\u7ba1\u7406\u8d39\u589e\u957f\uff0c\u6709\u52a9\u4e8e\u964d\u4f4e\u5bf9\u6ce2\u52a8\u8f83\u5927\u7684\u4ea4\u6613\u53ca\u6295\u8d44\u6536\u5165\u7684\u4f9d\u8d56\uff0c\u4f46\u7ee9\u6548\u8d39\u548c\u6295\u8d44\u6536\u76ca\u4ecd\u5b58\u5728\u4e0d\u786e\u5b9a\u6027\u3002 18.7%\u7684\u80a1\u672c\u56de\u62a5\u7387\u548c20.5%\u7684\u6709\u5f62\u80a1\u672c\u56de\u62a5\u7387\u652f\u6301\u4f30\u503c\u6ea2\u4ef7\uff0c44.9\u4ebf\u7f8e\u5143\u80a1\u4e1c\u56de\u62a5\u4e5f\u63d0\u4f9b\u652f\u6491\u3002\u6b63\u9762\u5224\u65ad\u57fa\u4e8e\u5ba2\u6237\u6d3b\u52a8\u3001\u7ecf\u5e38\u6027\u8d39\u7528\u53ca\u8d44\u672c\u56de\u62a5\u7684\u6539\u5584\u3002\u540e\u7eed\u91cd\u70b9\u662f\u80a1\u7968\u878d\u8d44\u3001\u4ea4\u6613\u5b8c\u6210\u3001\u6295\u884c\u79ef\u538b\u3001\u8d44\u91d1\u6d41\u5165\u53ca\u8d39\u7528\u7eaa\u5f8b\u3002\u4e3b\u8981\u98ce\u9669\u5728\u4e8e\uff0c\u7ecf\u5e38\u6027\u6536\u5165\u5c1a\u672a\u6269\u5927\u8d21\u732e\u4e4b\u524d\uff0c\u4ea4\u6613\u6d3b\u52a8\u5df2\u5f00\u59cb\u6b63\u5e38\u5316\u3002<\/span><b><span data-contrast=\"auto\"> 26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a854\u20131,024\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f\u3002<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Wells Fargo &amp; Company (WFC)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"25\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$21.87B, +2.0% YoY, missed estimates by US$454.43M.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"26\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$1.87 GAAP, +12.7% YoY, beat estimates by US$0.02.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"27\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">4Q26 NII approximately $13bn. Company did not provide quarterly EPS or total-revenue guidance in its outlook slide.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"28\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">2026 NII approximately $50bn and noninterest expense approximately $55.7bn, both unchanged from prior guidance. No full-year EPS or total-revenue guidance provided in the reviewed outlook slide.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"29\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">Repurchased $2.5bn \/ 28.6m common shares in 3Q26. Quarterly dividend $0.50 versus $0.45 in 2Q26 (+11.1%). Preliminary CET1 10.0% versus 11.0% a year earlier.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"30\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a mixed quarter: balance-sheet growth and cost control improved operating performance, but the small EPS beat does not justify an immediate upgrade to the earnings outlook. Average loans and deposits both increased 11%. NII rose 5% to US$12.52B, supported by balance-sheet expansion and fixed-rate asset repricing. The net interest margin remained 2.43%, unchanged sequentially and below 2.61% a year earlier, indicating that volumes rather than wider spreads drove the improvement. Fees were less convincing. Noninterest income declined 1% as weaker venture-capital results and the earlier rail-car leasing disposal offset growth in advisory and other operating businesses. Wealth and Investment Management revenue increased 12%, Commercial Banking 6%, and Consumer Banking and Lending 5%. Expenses declined 1%, supporting operating leverage, but the overall revenue miss points to uneven progress. The quarter included US$170M of discrete tax benefits, worth approximately US$0.06 per diluted share. Buybacks also supported EPS growth relative to the more modest increase in net income. Those benefits leave underlying growth positive, but reduce the significance of the headline beat. Credit provisions increased to US$1.03B, while CET1 declined to 10.0%, making capital discipline more important as lending expands. Management maintained its annual NII and expense outlook and expects approximately US$13B of fourth-quarter NII. Delivery against that run rate, a recovery in fees and deposit-cost control are the next tests. Shares were down 1.37% at US$82.15 in 13 October premarket trading. We remain neutral until stronger revenue conversion and recurring earnings make the investment case more compelling.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$72\u201394. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u5bcc\u56fd\u94f6\u884c (WFC)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">218.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f2.0%\uff0c\u4f4e\u4e8e\u9884\u671f4.5443\u4ebf\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca1.87\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f12.7%\uff0c\u8d85\u51fa\u9884\u671f0.02\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u51c0\u5229\u606f\u6536\u5165\u7ea6130\u4ebf\u7f8e\u5143\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\u6216\u603b\u8425\u6536\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u51c0\u5229\u606f\u6536\u5165\u7ea6500\u4ebf\u7f8e\u5143\uff0c\u975e\u5229\u606f\u8d39\u7528\u7ea6557\u4ebf\u7f8e\u5143\uff0c\u5747\u7ef4\u6301\u6b64\u524d\u6307\u5f15\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6bcf\u80a1\u6536\u76ca\u6216\u603b\u8425\u6536\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u56de\u8d2d25\u4ebf\u7f8e\u5143\u80a1\u7968\uff0c\u7ea62,860\u4e07\u80a1\u3002\u5b63\u5ea6\u80a1\u606f\u75310.45\u7f8e\u5143\u589e\u81f30.50\u7f8e\u5143\uff0c\u589e\u52a011.1%\u3002\u521d\u6b65CET1\u4e3a10.0%\uff0c\u4f4e\u4e8e\u4e00\u5e74\u524d\u768411.0%\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"24\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u5206\u5316\uff1a\u8d44\u4ea7\u8d1f\u503a\u8868\u589e\u957f\u548c\u6210\u672c\u63a7\u5236\u6539\u5584\u7ecf\u8425\uff0c\u4f46\u5c0f\u5e45\u76c8\u5229\u8d85\u9884\u671f\u4e0d\u8db3\u4ee5\u652f\u6301\u7acb\u5373\u4e0a\u8c03\u76c8\u5229\u5224\u65ad\u3002\u5e73\u5747\u8d37\u6b3e\u548c\u5b58\u6b3e\u5747\u589e\u957f11%\uff1b\u51c0\u5229\u606f\u6536\u5165\u589e\u957f5%\u81f3125.2\u4ebf\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u89c4\u6a21\u6269\u5f20\u548c\u56fa\u5b9a\u5229\u7387\u8d44\u4ea7\u91cd\u65b0\u5b9a\u4ef7\u3002\u51c0\u606f\u5dee\u4e3a2.43%\uff0c\u73af\u6bd4\u6301\u5e73\uff0c\u4f4e\u4e8e\u4e00\u5e74\u524d\u76842.61%\uff0c\u8bf4\u660e\u6539\u5584\u4e3b\u8981\u6765\u81ea\u4e1a\u52a1\u91cf\uff0c\u800c\u975e\u606f\u5dee\u6269\u5927\u3002 \u624b\u7eed\u8d39\u8868\u73b0\u8f83\u5f31\u3002\u975e\u5229\u606f\u6536\u5165\u4e0b\u964d1%\uff0c\u521b\u6295\u6536\u76ca\u4e0b\u6ed1\u53ca\u6b64\u524d\u51fa\u552e\u94c1\u8def\u8f66\u8f86\u79df\u8d41\u4e1a\u52a1\uff0c\u62b5\u6d88\u4e86\u987e\u95ee\u53ca\u5176\u4ed6\u4e1a\u52a1\u589e\u957f\u3002\u8d22\u5bcc\u4e0e\u6295\u8d44\u7ba1\u7406\u8425\u6536\u589e\u957f12%\uff0c\u5546\u4e1a\u94f6\u884c\u589e\u957f6%\uff0c\u6d88\u8d39\u8005\u94f6\u884c\u4e0e\u8d37\u6b3e\u589e\u957f5%\u3002\u8d39\u7528\u4e0b\u964d1%\u5e26\u6765\u7ecf\u8425\u6760\u6746\uff0c\u4f46\u6574\u4f53\u8425\u6536\u4f4e\u4e8e\u9884\u671f\uff0c\u663e\u793a\u6539\u5584\u4ecd\u4e0d\u5747\u8861\u3002 \u672c\u5b63\u5ea6\u5305\u542b1.70\u4ebf\u7f8e\u5143\u4e00\u6b21\u6027\u7a0e\u6536\u6536\u76ca\uff0c\u7ea6\u76f8\u5f53\u4e8e\u6bcf\u80a10.06\u7f8e\u5143\uff1b\u56de\u8d2d\u4e5f\u4f7f\u6bcf\u80a1\u6536\u76ca\u589e\u5e45\u9ad8\u4e8e\u51c0\u5229\u6da6\u3002\u8fd9\u4e9b\u56e0\u7d20\u5e76\u672a\u5426\u5b9a\u7ecf\u8425\u589e\u957f\uff0c\u4f46\u964d\u4f4e\u4e86\u76c8\u5229\u8d85\u9884\u671f\u7684\u542b\u91d1\u91cf\u3002\u4fe1\u8d37\u62e8\u5907\u589e\u81f310.3\u4ebf\u7f8e\u5143\uff0cCET1\u964d\u81f310.0%\uff0c\u8d37\u6b3e\u6269\u5f20\u671f\u95f4\u66f4\u9700\u5173\u6ce8\u8d44\u672c\u7eaa\u5f8b\u3002 \u7ba1\u7406\u5c42\u7ef4\u6301\u5168\u5e74\u51c0\u5229\u606f\u6536\u5165\u53ca\u8d39\u7528\u6307\u5f15\uff0c\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u51c0\u5229\u606f\u6536\u5165\u7ea6130\u4ebf\u7f8e\u5143\u3002\u5151\u73b0\u8fd9\u4e00\u6c34\u5e73\u3001\u6062\u590d\u624b\u7eed\u8d39\u53ca\u63a7\u5236\u5b58\u6b3e\u6210\u672c\uff0c\u662f\u4e0b\u4e00\u9636\u6bb5\u7684\u5173\u952e\u300210\u670813\u65e5\u76d8\u524d\u80a1\u4ef7\u4e0b\u8dcc1.37%\u81f382.15\u7f8e\u5143\u3002\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u5224\u65ad\uff0c\u7b49\u5f85\u8425\u6536\u8f6c\u5316\u53ca\u53ef\u6301\u7eed\u76c8\u5229\u8fdb\u4e00\u6b65\u589e\u5f3a\u6295\u8d44\u903b\u8f91\u3002<\/span><b><span data-contrast=\"auto\"> 26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a72\u201394\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Johnson &amp; Johnson (JNJ)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"31\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$25.40B, +5.9% YoY, beat estimates by US$28.82M.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"32\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$2.59 adjusted, -7.5% YoY, beat estimates by US$0.07.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"33\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">The company did not provide separate 4Q26 revenue or EPS guidance.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"34\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">Raised sales to US$101.0\u2013101.4B from US$100.8\u2013101.4B and adjusted EPS to US$11.05\u201311.15 from US$10.96\u201311.11. The EPS midpoint increases by US$0.06 versus the latest July outlook. GAAP EPS guidance not provided.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"35\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">Q4 cash dividend US$1.34 per share, payable 8 December 2026; record\/ex-dividend date 24 November. Estimated nine-month free cash flow approximately US$15.1bn (not quarterly). No new buyback authorisation or Q3 repurchase amount identified in the release.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"36\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a modest adjusted earnings beat, with stronger pharmaceutical growth offset by legal and investment-related pressure on profitability. Innovative Medicine outperformed MedTech as Tremfya, oncology and neuroscience products helped offset Stelara erosion. That is encouraging evidence that newer medicines can sustain growth through the loss-of-exclusivity cycle. MedTech&#8217;s slower performance, however, limits the breadth of the improvement. The commercial progress has not yet translated into stronger group earnings. Adjusted EPS declined 7.5%, while the proposed talc resolution charge and Firefly Bio and Sail Biomedicines transactions weighed on reported profitability. The transactions also affected adjusted earnings, making acquisition dilution and the timing of future returns important to the investment case. Management raised the FY26 sales midpoint to US$101.2B and the adjusted EPS midpoint to US$11.10. The EPS increase is only US$0.06 versus the latest July outlook, so the guidance improvement is positive but limited. A larger earnings upgrade requires the growing products to offset legacy erosion and incremental research and transaction spending more decisively. Shares closed at US$248.61 on 13 October, down 5.73%, implying approximately 22.4x the adjusted EPS guidance midpoint. That valuation still requires dependable growth. The US$1.34 quarterly dividend and approximately US$15.1B of nine-month free cash flow provide support, but do not remove execution and legal risks. Watch new-drug growth, MedTech acceleration, acquisition-related dilution and the completion of the proposed talc resolution. Our neutral outlook recognises a healthy commercial portfolio while waiting for clearer conversion of sales growth into earnings.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$222\u2013266. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u5f3a\u751f (JNJ)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"25\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">254.0\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f5.9%\uff0c\u8d85\u51fa\u9884\u671f2,882\u4e07\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"26\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca2.59\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d7.5%\uff0c\u8d85\u51fa\u9884\u671f0.07\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"27\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u53f8\u672a\u63d0\u4f9b\u5355\u72ec\u768426\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"28\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5168\u5e74\u9500\u552e\u989d\u75311,008\u20131,014\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f31,010\u20131,014\u4ebf\u7f8e\u5143\uff1b\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u753110.96\u201311.11\u7f8e\u5143\u4e0a\u8c03\u81f311.05\u201311.15\u7f8e\u5143\u3002\u76f8\u8f83\u6700\u65b07\u6708\u5c55\u671b\uff0cEPS\u4e2d\u503c\u4e0a\u8c030.06\u7f8e\u5143\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"29\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span data-contrast=\"auto\">\u7b2c\u56db\u5b63\u5ea6\u6bcf\u80a1\u73b0\u91d1\u80a1\u606f\u4e3a1.34\u7f8e\u5143\uff0c12\u67088\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u53ca\u9664\u606f\u65e5\u4e3a11\u670824\u65e5\u3002\u4f30\u8ba1\u524d\u4e5d\u4e2a\u6708\u81ea\u7531\u73b0\u91d1\u6d41\u7ea6151\u4ebf\u7f8e\u5143\u3002\u8d22\u62a5\u672a\u62ab\u9732\u65b0\u7684\u56de\u8d2d\u6388\u6743\u6216\u7b2c\u4e09\u5b63\u5ea6\u56de\u8d2d\u91d1\u989d\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"30\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8c03\u6574\u540e\u76c8\u5229\u5c0f\u5e45\u8d85\u9884\u671f\uff0c\u8f83\u5f3a\u7684\u5236\u836f\u4e1a\u52a1\u589e\u957f\u88ab\u6cd5\u5f8b\u53ca\u6295\u8d44\u76f8\u5173\u76c8\u5229\u538b\u529b\u90e8\u5206\u62b5\u6d88\u3002\u521b\u65b0\u836f\u4e1a\u52a1\u4f18\u4e8e\u533b\u7597\u79d1\u6280\uff0cTremfya\u3001\u80bf\u7624\u53ca\u795e\u7ecf\u79d1\u5b66\u4ea7\u54c1\u5e2e\u52a9\u62b5\u6d88Stelara\u4e0b\u6ed1\u3002\u8fd9\u8bc1\u660e\u65b0\u836f\u6709\u80fd\u529b\u652f\u6491\u4e13\u5229\u5230\u671f\u5468\u671f\u4e2d\u7684\u589e\u957f\uff0c\u4f46\u533b\u7597\u79d1\u6280\u6539\u5584\u8f83\u6162\uff0c\u4f7f\u96c6\u56e2\u589e\u957f\u7684\u5e7f\u5ea6\u53d7\u5230\u9650\u5236\u3002 \u5546\u4e1a\u8fdb\u5c55\u5c1a\u672a\u8f6c\u5316\u4e3a\u66f4\u5f3a\u7684\u6574\u4f53\u76c8\u5229\u3002\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\u4e0b\u964d7.5%\uff1b\u62df\u8bae\u6ed1\u77f3\u7c89\u8bc9\u8bbc\u89e3\u51b3\u8d39\u7528\uff0c\u4ee5\u53caFirefly Bio\u6536\u8d2d\u548cSail Biomedicines\u5408\u4f5c\uff0c\u5bf9\u62a5\u544a\u76c8\u5229\u5f62\u6210\u538b\u529b\u3002\u76f8\u5173\u4ea4\u6613\u4e5f\u5f71\u54cd\u8c03\u6574\u540e\u76c8\u5229\uff0c\u56e0\u6b64\u6536\u8d2d\u644a\u8584\u53ca\u672a\u6765\u56de\u62a5\u5151\u73b0\u65f6\u95f4\uff0c\u4ecd\u662f\u6295\u8d44\u903b\u8f91\u7684\u91cd\u8981\u90e8\u5206\u3002 \u7ba1\u7406\u5c42\u5c06\u5168\u5e74\u9500\u552e\u989d\u4e2d\u503c\u4e0a\u8c03\u81f31,012\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540eEPS\u4e2d\u503c\u4e0a\u8c03\u81f311.10\u7f8e\u5143\uff0c\u4f46\u76f8\u8f83\u6700\u65b07\u6708\u5c55\u671b\u4ec5\u589e\u52a00.06\u7f8e\u5143\u3002\u6307\u5f15\u6539\u5584\u65b9\u5411\u79ef\u6781\uff0c\u5e45\u5ea6\u6709\u9650\u3002\u66f4\u663e\u8457\u7684\u76c8\u5229\u4e0a\u8c03\uff0c\u9700\u8981\u65b0\u4ea7\u54c1\u589e\u957f\u66f4\u5145\u5206\u62b5\u6d88\u65e7\u4ea7\u54c1\u6d41\u5931\u53ca\u65b0\u589e\u7814\u53d1\u4e0e\u4ea4\u6613\u652f\u51fa\u3002 10\u670813\u65e5\u80a1\u4ef7\u6536\u4e8e248.61\u7f8e\u5143\uff0c\u4e0b\u8dcc5.73%\uff0c\u76f8\u5f53\u4e8e\u5168\u5e74\u8c03\u6574\u540eEPS\u4e2d\u503c\u7ea622.4\u500d\u5e02\u76c8\u7387\u3002\u8fd9\u4e00\u4f30\u503c\u4ecd\u8981\u6c42\u7a33\u5b9a\u589e\u957f\u3002\u6bcf\u80a11.34\u7f8e\u5143\u80a1\u606f\u53ca\u7ea6151\u4ebf\u7f8e\u5143\u7684\u4e5d\u4e2a\u6708\u81ea\u7531\u73b0\u91d1\u6d41\u63d0\u4f9b\u652f\u6491\uff0c\u4f46\u4e0d\u80fd\u6d88\u9664\u7ecf\u8425\u548c\u6cd5\u5f8b\u98ce\u9669\u3002\u540e\u7eed\u91cd\u70b9\u662f\u65b0\u836f\u589e\u957f\u3001\u533b\u7597\u79d1\u6280\u52a0\u901f\u3001\u6536\u8d2d\u644a\u8584\u53ca\u62df\u8bae\u6ed1\u77f3\u7c89\u89e3\u51b3\u65b9\u6848\u7684\u843d\u5b9e\u3002\u5546\u4e1a\u7ec4\u5408\u5065\u5eb7\uff0c\u4f46\u4ecd\u9700\u7b49\u5f85\u9500\u552e\u589e\u957f\u66f4\u660e\u786e\u5730\u8f6c\u5316\u4e3a\u76c8\u5229\uff0c\u56e0\u6b64\u7ef4\u6301\u4e2d\u6027\u524d\u666f\u3002<\/span><b><span data-contrast=\"auto\"> 26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a222\u2013266\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">Citigroup Inc. (C)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">3Q26 earnings update | As of 14 October 2026<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"37\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">US$23.85B, +7.9% YoY, beat estimates by US$125.68M.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"38\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q26 EPS: <\/span><\/b><span data-contrast=\"auto\">US$2.85 GAAP, +53.2% YoY, beat estimates by US$0.20.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"39\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Guidance: <\/span><\/b><span data-contrast=\"auto\">Company did not provide specific 4Q26 EPS or total-revenue guidance in its outlook slide.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"40\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance: <\/span><\/b><span data-contrast=\"auto\">2026 NII ex-Markets growth raised to the mid-to-high 6% range from approximately 5\u20136%; efficiency ratio below 60% versus prior approximately 60%; RoTCE above 11% versus prior 10\u201311%; U.S. Cards net credit loss ratio approximately 4.0%, the low end of prior 4.0\u20134.5%. No full-year EPS or total-revenue guidance provided in the reviewed outlook slide.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"41\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Dividend\/Share Buyback: <\/span><\/b><span data-contrast=\"auto\">Returned $4.1bn to common shareholders in 3Q26, including $3.0bn common-share repurchases; $13.3bn repurchases year-to-date. Existing $30bn programme continues. Quarterly common dividend $0.67 versus prior $0.60 (+11.7%), declared 21 July and paid 28 August 2026. Preliminary CET1 12.8%; tangible book value $101.59\/share.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"42\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a positive quarter for Citi&#8217;s improving-return thesis, with Services and Wealth growth providing a stronger earnings foundation. Services revenue rose 15% to US$6.61B, supported by deposits, spreads and transaction fees. Wealth revenue also increased 15% to US$3.27B, while client investment assets rose 15%. Those businesses are more important to a sustained re-rating than a single strong trading quarter. The headline EPS growth benefits from the prior-year Banamex goodwill impairment and a lower share count. Against prior-year EPS excluding that impairment, growth was 27%, still strong but less dramatic than the reported comparison. Total revenue declined 4% sequentially. Underlying expenses increased 3% excluding the prior-year impairment, suggesting positive operating leverage rather than outright cost contraction. Guidance is the clearest positive. Management raised its NII excluding Markets growth outlook to the mid-to-high 6% range, improved the efficiency-ratio expectation to below 60% and now targets RoTCE above 11%. The cards loss outlook also moved to the low end of its previous range. These changes support higher confidence that restructuring is translating into earnings progress. Capital returns remain material, including US$3B of quarterly buybacks and a 12.8% CET1 ratio. Credit provisions nevertheless included a US$369M reserve build, so improved consumer losses should not be mistaken for the absence of forward risk. Our positive outlook depends on sustained Services and Wealth momentum, expense discipline and further improvement in returns. Watch deposit spreads, investment flows, card losses and the ability to deliver the upgraded targets as trading activity normalises.<\/span><b><span data-contrast=\"auto\"> 4Q26 recommended trading range: US$102\u2013132. Positive Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<br><br><\/span><\/li>\n<\/ul>\n<p><b><span data-contrast=\"auto\">\u82b1\u65d7\u96c6\u56e2 (C)<\/span><\/b><span data-ccp-props=\"{&quot;134245418&quot;:true}\">&nbsp;<\/span><\/p>\n<p><span data-contrast=\"auto\">2026\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8d22\u62a5\u66f4\u65b0 | \u622a\u81f32026\u5e7410\u670814\u65e5<\/span><span data-ccp-props=\"{&quot;134245418&quot;:true,&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"31\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">238.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f7.9%\uff0c\u8d85\u51fa\u9884\u671f1.2568\u4ebf\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"32\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca2.85\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f53.2%\uff0c\u8d85\u51fa\u9884\u671f0.20\u7f8e\u5143\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"33\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u516c\u53f8\u672a\u63d0\u4f9b26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\u6216\u603b\u8425\u6536\u6307\u5f15\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"34\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span 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26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a102\u2013132\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f\u3002<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ff17fbc e-con e-atomic-element e-flexbox-base e-default-div e-6ff17fbc-c4ddb64 \" data-id=\"6ff17fbc\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"6ff17fbc\" data-e-type=\"e-flexbox\" data-id=\"6ff17fbc\">\n    \t\t\t<p class=\"e-262c95ac-f5069e1 e-paragraph-base e-default-p\" data-interaction-id=\"262c95ac\" data-e-type=\"widget\" data-id=\"262c95ac\"><a target=\"_self\" href=\"#top\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TECHNICAL ANALYSIS SINGAPORE \u00a0|\u00a0 HONG KONG \u00a0|\u00a0 UNITED STATES\u00a0\u00a0|\u00a0\u00a0EARNINGS Singapore HFC SP Hong Fok Corporation Limited Shares closed on the 5dEMA with rising volume.&nbsp; Both RSI and MACD are constructive.&nbsp; Long \u2013 Entry 0.96, Target 1.06, Stop 0.91&nbsp; RGL SP Reclaims Global Limited Shares closed above the 5dEMA with elevated volume.&nbsp; RSI is constructive and [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-95825","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.4 - aioseo.com -->\n\t<meta name=\"description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 14 October 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HFC SP Hong Fok Corporation Limited Shares closed on the 5dEMA with rising volume. Both RSI and MACD are constructive. Long \u2013 Entry 0.96, Target 1.06, Stop 0.91 RGL SP Reclaims Global Limited Shares closed above the 5dEMA with elevated\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Enya Tan\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-25-september-2026\/\" \/>\n\t\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.4\" \/>\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: 14 October 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 14 October 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HFC SP Hong Fok Corporation Limited Shares closed on the 5dEMA with rising volume. Both RSI and MACD are constructive. Long \u2013 Entry 0.96, Target 1.06, Stop 0.91 RGL SP Reclaims Global Limited Shares closed above the 5dEMA with elevated\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-25-september-2026\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2026-10-14T00:00:00+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-10-14T07:43:29+00:00\" \/>\n\t\t<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/KGIAsiaSingapore\/\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Technical Analysis: 14 October 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 14 October 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HFC SP Hong Fok Corporation Limited Shares closed on the 5dEMA with rising volume. Both RSI and MACD are constructive. Long \u2013 Entry 0.96, Target 1.06, Stop 0.91 RGL SP Reclaims Global Limited Shares closed above the 5dEMA with elevated\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-14-october-2026\\\/#blogposting\",\"name\":\"Technical Analysis: 14 October 2026 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis: 14 October 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Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"email\":\"info.sg@kgi.com\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/KGI-Logo_with-text.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-14-october-2026\\\/#organizationLogo\",\"width\":1080,\"height\":1080},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-14-october-2026\\\/#organizationLogo\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/KGIAsiaSingapore\\\/\",\"https:\\\/\\\/www.youtube.com\\\/@KGISecuritiesSingapore\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/kgisingapore\\\/\",\"https:\\\/\\\/www.investsg.asia\\\/users\\\/kgisingapore\\\/\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/\",\"name\":\"Enya 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