{"id":95880,"date":"2026-10-15T08:00:00","date_gmt":"2026-10-15T00:00:00","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=95880"},"modified":"2026-10-15T10:22:33","modified_gmt":"2026-10-15T02:22:33","slug":"technical-analysis-15-october-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-15-october-2026\/","title":{"rendered":"Technical Analysis: 15 October 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"95880\" class=\"elementor elementor-95880\" 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: 15 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;\">IXBIO SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">iX Biopharma Ltd.<\/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 above 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 0.54, Target 0.62, Stop 0.50<\/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_15Oct_SG_IXBIO.png\" class=\"attachment-full size-full wp-image-95881\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_IXBIO.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_IXBIO-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_IXBIO-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_IXBIO-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;\">SCI SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Sembcorp Industries Ltd.<\/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 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=\"7\" 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=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">Long \u2013 Entry 6.0, Target 6.6, Stop 5.7<\/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_15Oct_SG_SCI.png\" class=\"attachment-full size-full wp-image-95882\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_SCI.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_SCI-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_SCI-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_SG_SCI-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;\">3690 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Meituan<\/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 at a one-month high above the 20dEMA with an increase in volume.<\/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 74, Target 80, Stop 71<\/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=\"1634\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690.png\" class=\"attachment-full size-full wp-image-95883\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690.png 1634w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690-300x168.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690-1024x575.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690-768x431.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_3690-1536x862.png 1536w\" sizes=\"(max-width: 1634px) 100vw, 1634px\" \/>\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;\">9988 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Alibaba Group Holding Ltd<\/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 above the 20dEMA with rising 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\">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=\"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 108, Target 116, Stop 104<\/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=\"1634\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988.png\" class=\"attachment-full size-full wp-image-95884\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988.png 1634w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988-300x168.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988-1024x575.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988-768x431.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_HK_9988-1536x862.png 1536w\" sizes=\"(max-width: 1634px) 100vw, 1634px\" \/>\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;\">PFE US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Pfizer Inc.<\/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 5wEMA. <\/span><span data-ccp-props=\"{}\">&nbsp;<\/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=\"{}\">&nbsp;<\/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 29, Target 37, Stop 25 <\/span><\/b><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-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=\"2560\" height=\"1071\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-scaled.png\" class=\"attachment-full size-full wp-image-95906\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-scaled.png 2560w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-300x126.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-1024x428.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-768x321.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-1536x643.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_PFE-2048x857.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\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;\">MDLZ US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Mondelez International, Inc.<\/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 rising volume for the week. <\/span><span data-ccp-props=\"{}\">&nbsp;<\/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=\"{}\">&nbsp;<\/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 62, Target 66, Stop 60 <\/span><\/b><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-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=\"2560\" height=\"1071\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-scaled.png\" class=\"attachment-full size-full wp-image-95907\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-scaled.png 2560w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-300x126.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-1024x428.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-768x321.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-1536x643.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/10\/TA_15Oct_US_MDLZ-2048x857.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/>\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>ASML Holding N.V. (ASML)<\/span><\/b><\/p>\n<ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>\u20ac11.66B, +55.2% YoY, beat estimates by \u20ac82M.<\/span><\/li><\/ul>\n<ul><li><b><span>3Q26 EPS: <\/span><\/b><span>\u20ac12.95 US GAAP basic EPS, +135.9% YoY, beat estimates by \u20ac2.27.<\/span><\/li><\/ul>\n<ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>Net sales of \u20ac14.2\u201315.2B, gross margin around 57%, R&amp;D approximately \u20ac1.2B and SG&amp;A approximately \u20ac0.4B. Installed Base Management sales around \u20ac3.7B. The company did not provide quarterly EPS guidance.<\/span><\/li><\/ul>\n<ul><li><b><span>FY26 Guidance: <\/span><\/b><span>Raised net sales guidance to \u20ac44\u201345B from \u20ac43\u201345B and gross margin to around 56% from 54\u201356%. No full-year EPS guidance or numerical FY27 revenue guidance was provided.<\/span><\/li><\/ul>\n<ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Repurchased approximately \u20ac4.1B of shares during 3Q26. Second interim dividend of \u20ac1.88\/share payable 4 November 2026. Operating cash flow was \u20ac11.80B and free cash flow approximately \u20ac11.4B, supported by customer downpayments.<\/span><\/li><\/ul>\n<ul><li><b><span>Comment: <\/span><\/b><span>We remain positive on ASML&#x27;s medium-term earnings direction but favour accumulating on weakness after a strong valuation expansion. The third-quarter result demonstrates the power of its installed base: productivity upgrades lifted service revenue above management&#x27;s expectation and helped gross margin exceed the guided range. This is a useful way to monetise customers&#x27; urgent need for wafer capacity while new-system supply remains constrained. Earnings quality needs a closer look. Basic EPS of \u20ac12.95 includes the Mistral AI valuation gain. Removing it using the quarter\u2019s tax rate gives approximately \u20ac11.83 per share, still above the \u20ac10.68 euro consensus. Customer downpayments also materially supported cash generation. These benefits should not be extrapolated as recurring operating income. Management&#x27;s demand commentary is more important than the modest revenue beat. Planned supply for 2027 and 2028 is now insufficient to meet customers&#x27; expected requirements, and ASML is studying additional capacity. That supports a multi-year growth opportunity, but also makes supplier execution and delivery timing the limiting factors. Interest in later-year equipment orders is encouraging visibility rather than revenue already earned. The full-year sales outlook lifts only the lower end, and no numerical 2027 revenue guide was issued. This helps explain why a strong report need not trigger a further re-rating. The Nasdaq-listed shares closed at US$1,650 on 14 October, down 3.94%, during a broader technology selloff. Upside depends on delivery execution and sustained AI investment; export restrictions and stretched expectations remain the main downside risks. <\/span><b>4Q26 recommended trading range: US$1,600\u20131,850. Positive Outlook.<\/b><\/li><\/ul>\n<p> <\/p>\n<p><b><span>\u963f\u65af\u9ea6 (ASML)<\/span><\/b><\/p>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>116.6\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f55.2%\uff0c\u8d85\u51fa\u9884\u671f8,200\u4e07\u6b27\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u7f8e\u56fd\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u57fa\u672c\u6bcf\u80a1\u6536\u76ca12.95\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f135.9%\uff0c\u8d85\u51fa\u9884\u671f2.27\u6b27\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u9884\u8ba1\u51c0\u9500\u552e\u989d142\u2013152\u4ebf\u6b27\u5143\uff0c\u6bdb\u5229\u7387\u7ea657%\uff0c\u7814\u53d1\u652f\u51fa\u7ea612\u4ebf\u6b27\u5143\uff0c\u9500\u552e\u53ca\u7ba1\u7406\u8d39\u7528\u7ea64\u4ebf\u6b27\u5143\uff1b\u88c5\u673a\u57fa\u7840\u7ba1\u7406\u4e1a\u52a1\u9500\u552e\u989d\u7ea637\u4ebf\u6b27\u5143\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u5168\u5e74\u51c0\u9500\u552e\u989d\u7531430\u2013450\u4ebf\u6b27\u5143\u4e0a\u8c03\u81f3440\u2013450\u4ebf\u6b27\u5143\uff0c\u6bdb\u5229\u7387\u753154%\u201356%\u4e0a\u8c03\u81f3\u7ea656%\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6bcf\u80a1\u6536\u76ca\u621627\u8d22\u5e74\u6570\u503c\u8425\u6536\u6307\u5f15\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u7b2c\u4e09\u5b63\u5ea6\u56de\u8d2d\u7ea641\u4ebf\u6b27\u5143\u80a1\u7968\u3002\u7b2c\u4e8c\u6b21\u4e2d\u671f\u80a1\u606f\u4e3a\u6bcf\u80a11.88\u6b27\u5143\uff0c\u4e8e2026\u5e7411\u67084\u65e5\u652f\u4ed8\u3002\u7ecf\u8425\u73b0\u91d1\u6d41\u4e3a118.0\u4ebf\u6b27\u5143\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u7ea6114\u4ebf\u6b27\u5143\uff0c\u53d7\u5ba2\u6237\u9884\u4ed8\u6b3e\u652f\u6301\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u6211\u4eec\u5bf9ASML\u4e2d\u671f\u76c8\u5229\u65b9\u5411\u4fdd\u6301\u6b63\u9762\u5224\u65ad\uff0c\u4f46\u7ecf\u5386\u4f30\u503c\u6269\u5f20\u540e\uff0c\u66f4\u9002\u5408\u9022\u4f4e\u5438\u7eb3\u3002\u7b2c\u4e09\u5b63\u5ea6\u4f53\u73b0\u4e86\u88c5\u673a\u57fa\u7840\u7684\u76c8\u5229\u80fd\u529b\uff1a\u751f\u4ea7\u529b\u5347\u7ea7\u63a8\u52a8\u670d\u52a1\u6536\u5165\u8d85\u51fa\u7ba1\u7406\u5c42\u9884\u671f\uff0c\u5e76\u4f7f\u6bdb\u5229\u7387\u9ad8\u4e8e\u6307\u5f15\u533a\u95f4\u3002\u5728\u65b0\u8bbe\u5907\u4f9b\u5e94\u53d7\u9650\u65f6\uff0c\u8fd9\u6709\u52a9\u4e8e\u5c06\u5ba2\u6237\u8feb\u5207\u7684\u4ea7\u80fd\u9700\u6c42\u8f6c\u5316\u4e3a\u6536\u5165\u3002\u76c8\u5229\u8d28\u91cf\u4ecd\u9700\u5173\u6ce8\u3002\u57fa\u672c\u6bcf\u80a1\u6536\u76ca12.95\u6b27\u5143\u5305\u542bMistral AI\u4f30\u503c\u6536\u76ca\uff1b\u6309\u672c\u5b63\u5ea6\u7a0e\u7387\u673a\u68b0\u5254\u9664\u540e\uff0c\u7ea6\u4e3a11.83\u6b27\u5143\uff0c\u4ecd\u9ad8\u4e8e10.68\u6b27\u5143\u7684\u6b27\u5143\u53e3\u5f84\u5171\u8bc6\u3002\u5ba2\u6237\u9884\u4ed8\u6b3e\u4e5f\u663e\u8457\u652f\u6301\u73b0\u91d1\u6d41\uff0c\u4e0d\u5b9c\u5c06\u8fd9\u4e9b\u56e0\u7d20\u89c6\u4e3a\u53ef\u91cd\u590d\u7684\u7ecf\u8425\u6536\u76ca\u3002\u7ba1\u7406\u5c42\u7684\u9700\u6c42\u5224\u65ad\u6bd4\u5c0f\u5e45\u8425\u6536\u8d85\u9884\u671f\u66f4\u91cd\u8981\uff1a2027\u5e74\u548c2028\u5e74\u8ba1\u5212\u4f9b\u5e94\u5df2\u4e0d\u8db3\u4ee5\u6ee1\u8db3\u5ba2\u6237\u9884\u8ba1\u9700\u6c42\uff0c\u516c\u53f8\u6b63\u7814\u7a76\u8fdb\u4e00\u6b65\u6269\u4ea7\u3002\u8fd9\u652f\u6301\u591a\u5e74\u589e\u957f\u673a\u4f1a\uff0c\u4f46\u4e5f\u4f7f\u4f9b\u5e94\u5546\u6267\u884c\u53ca\u4ea4\u4ed8\u65f6\u95f4\u6210\u4e3a\u5236\u7ea6\u3002\u8fdc\u671f\u8bbe\u5907\u8ba2\u5355\u5174\u8da3\u589e\u5f3a\uff0c\u4ee3\u8868\u53ef\u89c1\u5ea6\uff0c\u800c\u975e\u5df2\u7ecf\u5b9e\u73b0\u7684\u6536\u5165\u3002\u5168\u5e74\u9500\u552e\u6307\u5f15\u4ec5\u4e0a\u8c03\u4e0b\u9650\uff0c\u516c\u53f8\u672a\u63d0\u4f9b2027\u5e74\u6570\u503c\u8425\u6536\u5c55\u671b\uff0c\u56e0\u6b64\u5f3a\u52b2\u8d22\u62a5\u672a\u5fc5\u7acb\u5373\u5e26\u6765\u8fdb\u4e00\u6b65\u4f30\u503c\u63d0\u5347\u300210\u670814\u65e5\u7eb3\u65af\u8fbe\u514b\u4e0a\u5e02\u80a1\u7968\u6536\u4e8e1,650\u7f8e\u5143\uff0c\u4e0b\u8dcc3.94%\uff0c\u5f53\u65e5\u79d1\u6280\u80a1\u6574\u4f53\u8d70\u5f31\u3002\u4e0a\u884c\u7a7a\u95f4\u53d6\u51b3\u4e8e\u4ea4\u4ed8\u53caAI\u6295\u8d44\u6301\u7eed\uff0c\u51fa\u53e3\u9650\u5236\u548c\u8f83\u9ad8\u9884\u671f\u5219\u662f\u4e3b\u8981\u4e0b\u884c\u98ce\u9669\u3002 <\/span><b>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a1,600\u20131,850\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f<\/b><span>\u3002<\/span><\/li><\/ul>\n<p> <\/p>\n<p><b><span>Bank of America Corporation (BAC)<\/span><\/b><\/p>\n<ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>US$29.96B, +3.2% YoY, missed estimates by US$662.45M.<\/span><\/li><\/ul>\n<ul><li><b><span>3Q26 EPS: <\/span><\/b><span>US$1.08 adjusted, +3.8% YoY, missed estimates by US$0.02.<\/span><\/li><\/ul>\n<ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>4Q26: NII expected to improve sequentially and operating leverage expected to resume. No numerical quarterly NII, EPS or total-revenue guidance provided in the reviewed materials and call commentary.<\/span><\/li><\/ul>\n<ul><li><b><span>FY26 Guidance: <\/span><\/b><span>2026 NII growth of approximately 8% maintained; management said the outlook had already been raised during 2026 from 5\u20137% to 7%, then approximately 8%. No full-year EPS or total-revenue guidance provided. Initial 2027 NII growth outlook is 8% or more, assuming three 25bp rate increases through June 2027.<\/span><\/li><\/ul>\n<ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Returned $8.3bn to shareholders, including $6.0bn common-share buybacks and $2.2bn common dividends (rounded). Quarterly dividend paid $0.32\/share, up 14.3% from $0.28 in 2Q26. CET1 ratio 10.9%, versus 11.2% in June; tangible book value $29.14\/share.<\/span><\/li><\/ul>\n<ul><li><b><span>Comment: <\/span><\/b><span>Bank of America&#x27;s third-quarter miss reflects more than its regulatory charge, making a near-term recovery dependent on better operating execution. Revenue increased 3% to $29.96bn, but missed consensus by approximately $662m. Adjusted EPS of $1.08 also fell short of the $1.10 forecast. The $1.2bn non-tax-deductible settlement reduced reported EPS to $0.91, yet excluding it does not remove the underlying earnings disappointment. Adjusted profit of approximately $8.1bn remained below the prior year&#x27;s $8.3bn, while buybacks supported per-share earnings. The banking franchise remains resilient. Net interest income increased 8%, average loans grew 6%, and net interest yield expanded 15 basis points to 2.16%. Wealth revenue rose 13% as asset-management fees benefited from markets and flows. These gains were offset by weaker capital-markets activity: FICC revenue fell 17% and investment-banking fees declined 11%. Adjusted expenses increased almost 7%, faster than revenue, showing that the settlement alone does not explain weaker profitability. Credit remained comparatively stable, with the net charge-off ratio improving to 0.44%. Management maintained approximately 8% annual NII growth and expects sequential improvement and renewed operating leverage in Q4. However, remediation demands and CET1 declining to 10.9% merit attention alongside continued buybacks. Shares closed 14 October at $51.39, down 4.76%. Our stance is neutral: higher interest income supports the franchise, but sustainable upside requires fee recovery and expense growth moving below revenue growth. Stronger operating leverage would support a recovery, while persistent fee weakness would prolong the pressure on valuation. <\/span><b>4Q26 recommended trading range: US$47\u201355. Neutral Outlook.<\/b><\/li><\/ul>\n<p> <\/p>\n<p><b><span>\u7f8e\u56fd\u94f6\u884c (BAC)<\/span><\/b><\/p>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>299.6\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f3.2%\uff0c\u4f4e\u4e8e\u9884\u671f6.6245\u4ebf\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca1.08\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f3.8%\uff0c\u4f4e\u4e8e\u9884\u671f0.02\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u9884\u8ba1\u51c0\u5229\u606f\u6536\u5165\u73af\u6bd4\u6539\u5584\uff0c\u5e76\u6062\u590d\u6b63\u7ecf\u8425\u6760\u6746\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5b63\u5ea6\u51c0\u5229\u606f\u6536\u5165\u3001\u6bcf\u80a1\u6536\u76ca\u6216\u603b\u8425\u6536\u7684\u6570\u503c\u6307\u5f15\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u7ef4\u6301\u51c0\u5229\u606f\u6536\u5165\u589e\u957f\u7ea68%\u7684\u5c55\u671b\uff1b\u5e74\u5185\u66fe\u75315%\u20137%\u4e0a\u8c03\u81f37%\uff0c\u518d\u4e0a\u8c03\u81f3\u7ea68%\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6bcf\u80a1\u6536\u76ca\u6216\u603b\u8425\u6536\u6307\u5f15\u30022027\u5e74\u51c0\u5229\u606f\u6536\u5165\u521d\u6b65\u9884\u8ba1\u589e\u957f\u81f3\u5c118%\uff0c\u5047\u8bbe\u622a\u81f32027\u5e746\u6708\u6709\u4e09\u6b2125\u4e2a\u57fa\u70b9\u52a0\u606f\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u672c\u5b63\u5ea6\u5411\u80a1\u4e1c\u8fd4\u8fd8\u7ea683\u4ebf\u7f8e\u5143\uff0c\u5305\u62ec60\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u56de\u8d2d\u548c\u7ea622\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u80a1\u606f\uff0c\u6570\u5b57\u7ecf\u56db\u820d\u4e94\u5165\u3002\u5b63\u5ea6\u6bcf\u80a1\u80a1\u606f\u75310.28\u7f8e\u5143\u589e\u81f30.32\u7f8e\u5143\uff0c\u589e\u957f14.3%\u3002CET1\u4e3a10.9%\uff0c\u4f4e\u4e8e6\u6708\u768411.2%\uff1b\u6bcf\u80a1\u6709\u5f62\u51c0\u8d44\u4ea7\u4e3a29.14\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u7f8e\u56fd\u94f6\u884c\u7b2c\u4e09\u5b63\u5ea6\u4e0d\u53ca\u9884\u671f\u5e76\u975e\u4ec5\u7531\u76d1\u7ba1\u8d39\u7528\u9020\u6210\uff0c\u77ed\u671f\u4fee\u590d\u4ecd\u53d6\u51b3\u4e8e\u7ecf\u8425\u6267\u884c\u3002\u8425\u6536\u589e\u957f3%\u81f3299.6\u4ebf\u7f8e\u5143\uff0c\u4f46\u4f4e\u4e8e\u5171\u8bc6\u7ea66.62\u4ebf\u7f8e\u5143\uff1b\u8c03\u6574\u540eEPS\u4e3a1.08\u7f8e\u5143\uff0c\u4e5f\u4f4e\u4e8e1.10\u7f8e\u5143\u9884\u671f\u300212\u4ebf\u7f8e\u5143\u4e0d\u53ef\u62b5\u7a0e\u548c\u89e3\u8d39\u7528\u4f7f\u62a5\u544aEPS\u964d\u81f30.91\u7f8e\u5143\uff0c\u4f46\u5254\u9664\u8be5\u9879\u4ecd\u4e0d\u80fd\u6d88\u9664\u76c8\u5229\u75b2\u5f31\u3002\u8c03\u6574\u540e\u5229\u6da6\u7ea681\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u53bb\u5e74\u768483\u4ebf\u7f8e\u5143\uff0c\u56de\u8d2d\u5219\u652f\u6491\u6bcf\u80a1\u6536\u76ca\u3002\u6838\u5fc3\u94f6\u884c\u4e1a\u52a1\u4ecd\u5177\u97e7\u6027\uff1a\u51c0\u5229\u606f\u6536\u5165\u589e\u957f8%\uff0c\u5e73\u5747\u8d37\u6b3e\u589e\u957f6%\uff0c\u51c0\u5229\u606f\u6536\u76ca\u7387\u6269\u5f2015\u4e2a\u57fa\u70b9\u81f32.16%\u3002\u8d22\u5bcc\u4e1a\u52a1\u8425\u6536\u589e\u957f13%\uff0c\u53d7\u76ca\u4e8e\u5e02\u573a\u53ca\u8d44\u91d1\u6d41\u3002\u4f46\u56fa\u5b9a\u6536\u76ca\u3001\u5916\u6c47\u53ca\u5546\u54c1\u6536\u5165\u4e0b\u964d17%\uff0c\u6295\u884c\u8d39\u7528\u4e0b\u964d11%\uff0c\u62b5\u6d88\u90e8\u5206\u589e\u957f\u3002\u8c03\u6574\u540e\u8d39\u7528\u589e\u957f\u63a5\u8fd17%\uff0c\u5feb\u4e8e\u8425\u6536\uff0c\u8bf4\u660e\u76c8\u5229\u538b\u529b\u5e76\u975e\u5168\u90e8\u6765\u81ea\u548c\u89e3\u3002\u4fe1\u8d37\u76f8\u5bf9\u7a33\u5b9a\uff0c\u51c0\u6838\u9500\u7387\u6539\u5584\u81f30.44%\u3002\u7ba1\u7406\u5c42\u7ef4\u6301\u5168\u5e74\u51c0\u5229\u606f\u6536\u5165\u589e\u957f\u7ea68%\uff0c\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u73af\u6bd4\u6539\u5584\u53ca\u6b63\u7ecf\u8425\u6760\u6746\u6062\u590d\u3002\u4e0d\u8fc7\uff0c\u8865\u6551\u6574\u6539\u53caCET1\u964d\u81f310.9%\uff0c\u9700\u8981\u4e0e\u6301\u7eed\u56de\u8d2d\u4e00\u5e76\u5173\u6ce8\u300210\u670814\u65e5\u80a1\u4ef7\u6536\u4e8e51.39\u7f8e\u5143\uff0c\u4e0b\u8dcc4.76%\u3002\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\uff1a\u5229\u606f\u6536\u5165\u652f\u6491\u4e1a\u52a1\uff0c\u4f46\u6301\u7eed\u4e0a\u884c\u9700\u8981\u624b\u7eed\u8d39\u6062\u590d\u53ca\u8d39\u7528\u589e\u901f\u4f4e\u4e8e\u8425\u6536\u3002\u7ecf\u8425\u6760\u6746\u6539\u5584\u6709\u52a9\u4e8e\u4fee\u590d\u4f30\u503c\uff0c\u624b\u7eed\u8d39\u6301\u7eed\u75b2\u5f31\u5219\u4f1a\u5ef6\u957f\u538b\u529b\u3002 <\/span><b>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a47\u201355\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/b><span>\u3002<\/span><\/li><\/ul>\n<p> <\/p>\n<p><b><span>Morgan Stanley (MS)<\/span><\/b><\/p>\n<ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>US$20.34B, +11.6% YoY, beat estimates by approximately US$408M.<\/span><\/li><\/ul>\n<ul><li><b><span>3Q26 EPS: <\/span><\/b><span>US$3.03 GAAP diluted EPS, +8.2% YoY, beat estimates by US$0.10.<\/span><\/li><\/ul>\n<ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>4Q26 revenue and EPS guidance not provided. Management expects Wealth Management NII to increase modestly from 3Q26, subject to rates and client behaviour. Tax rate expected slightly above 3Q26\u2019s 23.3%.<\/span><\/li><\/ul>\n<ul><li><b><span>FY26 Guidance: <\/span><\/b><span>FY26 revenue and EPS guidance not provided. Full-year tax guidance remains unchanged; no new numerical range specified in the reviewed call passage.<\/span><\/li><\/ul>\n<ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Repurchased US$1.540bn common shares. Dividend US$1.15\/share payable 13 November 2026, record date 30 October. Standardised CET1 14.9%; ROTCE 22.6%; tangible book value US$53.96\/share.<\/span><\/li><\/ul>\n<ul><li><b><span>Comment: <\/span><\/b><span>Morgan Stanley\u2019s earnings beat supports a constructive view, with Wealth Management providing the clearest foundation for continued growth. Record revenue of US$9.1bn and a 30.4% pretax margin show that the business can translate asset growth into earnings while funding investment. The more important forward indicator is US$80.5bn of fee-based flows, which should expand the recurring fee base. Record net new assets of US$232.4bn strengthen the client funnel, although just over half came from IPO-related flows and should not be extrapolated as a normal quarterly run rate. Institutional Securities remained strong but uneven. Equity revenue rose 41%, benefiting from broad client engagement, while fixed income declined 7% and investment-banking revenue grew only 2%. The mix reinforces Morgan Stanley\u2019s equity franchise advantage, but also highlights sensitivity to market activity. Investment Management was weaker, with carried-interest reversals offsetting growth in management fees. Consequently, the earnings beat does not signal uniformly stronger performance across all businesses. Profit quality is supported by higher operating revenues rather than a lower tax rate: the effective tax rate increased from a year earlier, while credit provisions also rose. However, revenue fell 5% sequentially and ROTCE moderated from 26.6% to 22.6%, tempering expectations after a strong first half. Our call is to accumulate on weakness, supported by fee-based asset growth, prospective NII improvement and capital returns, while monitoring whether September\u2019s softer activity persists. Shares closed at US$181.65 on 14 October, down 2.68%, indicating that the beat alone did not sustain buying interest. <\/span><b>4Q26 recommended trading range: US$177\u2013203. Positive Outlook.<\/b><\/li><\/ul>\n<p> <\/p>\n<p><b><span>\u6469\u6839\u58eb\u4e39\u5229 (MS)<\/span><\/b><\/p>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>203.4\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f11.6%\uff0c\u8d85\u51fa\u9884\u671f\u7ea64.08\u4ebf\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u644a\u8584\u6bcf\u80a1\u6536\u76ca3.03\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f8.2%\uff0c\u8d85\u51fa\u9884\u671f0.10\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u8d22\u5bcc\u7ba1\u7406\u51c0\u5229\u606f\u6536\u5165\u8f83\u7b2c\u4e09\u5b63\u5ea6\u5c0f\u5e45\u589e\u52a0\uff0c\u53d6\u51b3\u4e8e\u5229\u7387\u53ca\u5ba2\u6237\u884c\u4e3a\uff1b\u7a0e\u7387\u7565\u9ad8\u4e8e\u7b2c\u4e09\u5b63\u5ea6\u768423.3%\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002\u5168\u5e74\u7a0e\u7387\u5c55\u671b\u7ef4\u6301\u4e0d\u53d8\uff0c\u672c\u6b21\u8ba8\u8bba\u672a\u7ed9\u51fa\u65b0\u7684\u6570\u503c\u533a\u95f4\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u672c\u5b63\u5ea6\u56de\u8d2d15.40\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u3002\u6bcf\u80a11.15\u7f8e\u5143\u80a1\u606f\u5c06\u4e8e11\u670813\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e5\u4e3a10\u670830\u65e5\u3002\u6807\u51c6\u5316CET1\u4e3a14.9%\uff0c\u6709\u5f62\u666e\u901a\u80a1\u6743\u76ca\u56de\u62a5\u7387\u4e3a22.6%\uff0c\u6bcf\u80a1\u6709\u5f62\u51c0\u8d44\u4ea7\u4e3a53.96\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u6469\u6839\u58eb\u4e39\u5229\u76c8\u5229\u8d85\u9884\u671f\u652f\u6301\u6b63\u9762\u5224\u65ad\uff0c\u8d22\u5bcc\u7ba1\u7406\u63d0\u4f9b\u6700\u660e\u786e\u7684\u6301\u7eed\u589e\u957f\u57fa\u7840\u3002\u8be5\u4e1a\u52a1\u521b\u7eaa\u5f55\u8425\u653691\u4ebf\u7f8e\u5143\u3001\u7a0e\u524d\u5229\u6da6\u738730.4%\uff0c\u663e\u793a\u8d44\u4ea7\u589e\u957f\u80fd\u591f\u5728\u6301\u7eed\u6295\u8d44\u7684\u540c\u65f6\u8f6c\u5316\u4e3a\u76c8\u5229\u3002\u66f4\u91cd\u8981\u7684\u524d\u77bb\u6307\u6807\u662f805\u4ebf\u7f8e\u5143\u6536\u8d39\u8d44\u4ea7\u6d41\u5165\uff0c\u6709\u52a9\u4e8e\u6269\u5927\u7ecf\u5e38\u6027\u6536\u8d39\u57fa\u7840\u3002\u521b\u7eaa\u5f552,324\u4ebf\u7f8e\u5143\u51c0\u65b0\u589e\u8d44\u4ea7\u589e\u5f3a\u5ba2\u6237\u57fa\u7840\uff0c\u4f46\u5176\u4e2d\u7565\u591a\u4e8e\u4e00\u534a\u6765\u81eaIPO\u76f8\u5173\u8d44\u91d1\uff0c\u4e0d\u5b9c\u89c6\u4e3a\u6b63\u5e38\u5355\u5b63\u6c34\u5e73\u3002\u673a\u6784\u8bc1\u5238\u8868\u73b0\u4ecd\u5f3a\u4f46\u5206\u5316\uff1a\u80a1\u7968\u4e1a\u52a1\u6536\u5165\u589e\u957f41%\uff0c\u56fa\u5b9a\u6536\u76ca\u4e0b\u964d7%\uff0c\u6295\u884c\u6536\u5165\u4ec5\u589e\u957f2%\u3002\u8fd9\u4f53\u73b0\u80a1\u7968\u4e1a\u52a1\u4f18\u52bf\uff0c\u4e5f\u663e\u793a\u5e02\u573a\u6d3b\u52a8\u654f\u611f\u6027\u3002\u6295\u8d44\u7ba1\u7406\u8f83\u5f31\uff0c\u4e1a\u7ee9\u62a5\u916c\u56de\u62e8\u62b5\u6d88\u7ba1\u7406\u8d39\u589e\u957f\uff0c\u56e0\u6b64\u76c8\u5229\u8d85\u9884\u671f\u5e76\u4e0d\u4ee3\u8868\u5404\u4e1a\u52a1\u540c\u6b65\u6539\u5584\u3002\u76c8\u5229\u8d28\u91cf\u4e3b\u8981\u53d7\u66f4\u9ad8\u7ecf\u8425\u6536\u5165\u652f\u6301\uff0c\u800c\u975e\u8f83\u4f4e\u7a0e\u7387\uff1a\u6709\u6548\u7a0e\u7387\u540c\u6bd4\u4e0a\u5347\uff0c\u4fe1\u8d37\u62e8\u5907\u4e5f\u589e\u52a0\u3002\u4e0d\u8fc7\uff0c\u603b\u8425\u6536\u73af\u6bd4\u4e0b\u964d5%\uff0c\u6709\u5f62\u666e\u901a\u80a1\u6743\u76ca\u56de\u62a5\u7387\u753126.6%\u56de\u843d\u81f322.6%\uff0c\u5728\u5f3a\u52b2\u4e0a\u534a\u5e74\u540e\u4ecd\u9700\u63a7\u5236\u9884\u671f\u3002\u6211\u4eec\u7684\u5224\u65ad\u662f\u9022\u4f4e\u5438\u7eb3\uff0c\u6536\u8d39\u8d44\u4ea7\u589e\u957f\u3001\u9884\u671f\u51c0\u5229\u606f\u6536\u5165\u6539\u5584\u53ca\u8d44\u672c\u56de\u62a5\u63d0\u4f9b\u652f\u6491\uff0c\u540c\u65f6\u5173\u6ce89\u6708\u6d3b\u52a8\u653e\u7f13\u662f\u5426\u5ef6\u7eed\u300210\u670814\u65e5\u80a1\u4ef7\u6536\u4e8e181.65\u7f8e\u5143\uff0c\u4e0b\u8dcc2.68%\uff0c\u8868\u660e\u5355\u7eaf\u8d85\u9884\u671f\u672a\u80fd\u7ef4\u6301\u4e70\u76d8\u3002 <\/span><b>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a177\u2013203\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f<\/b><span>\u3002<\/span><\/li><\/ul>\n<p> <\/p>\n<p><b><span>BlackRock, Inc. (BLK)<\/span><\/b><\/p>\n<ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>US$7.75B, +19.1% YoY, beat estimates by US$323.89M.<\/span><\/li><\/ul>\n<ul><li><b><span>3Q26 EPS: <\/span><\/b><span>US$15.93 adjusted, +38% YoY, beat estimates by US$1.63.<\/span><\/li><\/ul>\n<ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide 4Q26 revenue or EPS guidance. Management expects an approximately 25% tax rate and plans at least US$550M of share repurchases.<\/span><\/li><\/ul>\n<ul><li><b><span>FY26 Guidance: <\/span><\/b><span>The company did not provide FY26 revenue or EPS guidance. Full-year general and administrative expenses are expected to increase by a mid-single-digit percentage. Management remains committed to low- to mid-teens technology annual contract value growth over the long term.<\/span><\/li><\/ul>\n<ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Repurchased US$550M of shares in 3Q26, up from US$450M in 2Q26. The quarterly dividend remains US$5.73\/share. Management plans at least US$550M of 4Q26 repurchases.<\/span><\/li><\/ul>\n<ul><li><b><span>Comment: <\/span><\/b><span>This was a strong operating quarter, with organic growth and margin expansion supporting a positive outlook. Net inflows of US$205B lifted assets under management to US$15.49T, while annualised organic base fee growth reached 11%. The breadth across ETFs, systematic equities, private markets and cash suggests that growth is broader than a passive benefit from rising equity prices. Base fees and securities lending revenue increased 20%, strengthening the recurring earnings base. Technology services and subscription revenue rose 14% to US$588M, with annual contract value up 12%. These revenues add diversification and can support a higher-quality earnings mix as Aladdin and multi-product solutions expand. Adjusted operating income increased 27%, faster than revenue, and the operating margin rose 320 basis points to 47.8%, demonstrating cost discipline despite continued investment. The 38% adjusted EPS increase nevertheless overstates the improvement in recurring operations. Higher nonoperating income and a lower share count contributed, including US$164M of investment gains largely linked to Securitize and Circle. Performance fees are also less predictable than management fees, while private-market expansion brings fundraising and integration risks. Sustainable upside therefore depends on maintaining base-fee growth and margins rather than repeating investment gains. Shares closed at US$1,073.79 on 14 October, up 0.72%, after a stronger initial reaction. The modest closing gain leaves room for a favourable earnings reassessment if flows persist. Watch organic fee growth, private-market fundraising, Aladdin contracts and the conversion of inflows into fees. Our positive call rests on a broader franchise delivering growth and operating leverage, with market declines and weaker performance fees the main near-term risks. <\/span><b>4Q26 recommended trading range: US$956\u20131,211. Positive Outlook.<\/b><\/li><\/ul>\n<p> <\/p>\n<p><b><span>\u8d1d\u83b1\u5fb7 (BLK)<\/span><\/b><\/p>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>77.5\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f19.1%\uff0c\u8d85\u51fa\u9884\u671f3.2389\u4ebf\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca15.93\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f38%\uff0c\u8d85\u51fa\u9884\u671f1.63\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u7a0e\u7387\u7ea625%\uff0c\u5e76\u8ba1\u5212\u81f3\u5c11\u56de\u8d2d5.50\u4ebf\u7f8e\u5143\u80a1\u7968\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u8425\u6536\u6216\u6bcf\u80a1\u6536\u76ca\u6307\u5f15\u3002\u5168\u5e74\u4e00\u822c\u53ca\u884c\u653f\u8d39\u7528\u9884\u8ba1\u589e\u957f\u4e2d\u4e2a\u4f4d\u6570\u767e\u5206\u6bd4\uff1b\u957f\u671f\u4ecd\u81f4\u529b\u4e8e\u5b9e\u73b0\u79d1\u6280\u4e1a\u52a1\u5e74\u5ea6\u5408\u540c\u4ef7\u503c\u4f4e\u81f3\u4e2d\u53cc\u4f4d\u6570\u589e\u957f\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u672c\u5b63\u5ea6\u7ecf\u8425\u5f3a\u52b2\uff0c\u6709\u673a\u589e\u957f\u53ca\u5229\u6da6\u7387\u6269\u5f20\u652f\u6301\u6b63\u9762\u5224\u65ad\u3002\u51c0\u6d41\u51652,050\u4ebf\u7f8e\u5143\uff0c\u4f7f\u7ba1\u7406\u8d44\u4ea7\u8fbe\u523015.49\u4e07\u4ebf\u7f8e\u5143\uff0c\u5e74\u5316\u6709\u673a\u57fa\u7840\u8d39\u589e\u957f\u4e3a11%\u3002ETF\u3001\u7cfb\u7edf\u5316\u80a1\u7968\u3001\u79c1\u52df\u5e02\u573a\u53ca\u73b0\u91d1\u4e1a\u52a1\u5747\u6709\u8d21\u732e\uff0c\u663e\u793a\u589e\u957f\u5e76\u975e\u4ec5\u88ab\u52a8\u53d7\u76ca\u4e8e\u80a1\u5e02\u4e0a\u6da8\u3002\u57fa\u7840\u8d39\u53ca\u8bc1\u5238\u501f\u8d37\u6536\u5165\u589e\u957f20%\uff0c\u589e\u5f3a\u7ecf\u5e38\u6027\u76c8\u5229\u57fa\u7840\u3002\u79d1\u6280\u670d\u52a1\u53ca\u8ba2\u9605\u6536\u5165\u589e\u957f14%\u81f35.88\u4ebf\u7f8e\u5143\uff0c\u5e74\u5ea6\u5408\u540c\u4ef7\u503c\u589e\u957f12%\u3002\u968f\u7740Aladdin\u53ca\u591a\u4ea7\u54c1\u65b9\u6848\u6269\u5f20\uff0c\u8fd9\u4e9b\u6536\u5165\u6709\u52a9\u4e8e\u591a\u5143\u5316\u53ca\u63d0\u5347\u76c8\u5229\u8d28\u91cf\u3002\u8c03\u6574\u540e\u7ecf\u8425\u5229\u6da6\u589e\u957f27%\uff0c\u5feb\u4e8e\u8425\u6536\uff1b\u7ecf\u8425\u5229\u6da6\u7387\u6269\u5f20320\u4e2a\u57fa\u70b9\u81f347.8%\uff0c\u4f53\u73b0\u6301\u7eed\u6295\u8d44\u4e0b\u7684\u6210\u672c\u7eaa\u5f8b\u3002\u4e0d\u8fc7\uff0c\u8c03\u6574\u540eEPS\u589e\u957f38%\uff0c\u9ad8\u4e8e\u53ef\u6301\u7eed\u7ecf\u8425\u6539\u5584\u5e45\u5ea6\uff1b\u975e\u7ecf\u8425\u6536\u5165\u589e\u52a0\u53ca\u80a1\u6570\u51cf\u5c11\u5747\u6709\u8d21\u732e\uff0c\u5176\u4e2d1.64\u4ebf\u7f8e\u5143\u6295\u8d44\u6536\u76ca\u4e3b\u8981\u4e0eSecuritize\u53caCircle\u6709\u5173\u3002\u7ee9\u6548\u8d39\u4e5f\u4e0d\u5982\u7ba1\u7406\u8d39\u7a33\u5b9a\uff0c\u79c1\u52df\u5e02\u573a\u6269\u5f20\u5e26\u6765\u52df\u8d44\u53ca\u6574\u5408\u98ce\u9669\u3002\u56e0\u6b64\uff0c\u6301\u7eed\u4e0a\u884c\u4f9d\u8d56\u57fa\u7840\u8d39\u53ca\u5229\u6da6\u7387\uff0c\u800c\u975e\u91cd\u590d\u6295\u8d44\u6536\u76ca\u300210\u670814\u65e5\u80a1\u4ef7\u6536\u4e8e1,073.79\u7f8e\u5143\uff0c\u4e0a\u6da80.72%\uff0c\u4f4e\u4e8e\u521d\u671f\u8f83\u5f3a\u53cd\u5e94\u3002\u82e5\u8d44\u91d1\u6d41\u6301\u7eed\uff0c\u6709\u9650\u7684\u6536\u76d8\u6da8\u5e45\u4e3a\u76c8\u5229\u91cd\u4f30\u7559\u4e0b\u7a7a\u95f4\u3002\u540e\u7eed\u91cd\u70b9\u662f\u6709\u673a\u8d39\u7528\u589e\u957f\u3001\u79c1\u52df\u52df\u8d44\u3001Aladdin\u5408\u540c\u53ca\u6d41\u5165\u8f6c\u5316\u4e3a\u8d39\u7528\u7684\u8fdb\u5ea6\u3002\u6b63\u9762\u5224\u65ad\u57fa\u4e8e\u66f4\u5e7f\u6cdb\u4e1a\u52a1\u7684\u589e\u957f\u53ca\u7ecf\u8425\u6760\u6746\uff0c\u5e02\u573a\u4e0b\u8dcc\u548c\u7ee9\u6548\u8d39\u8d70\u5f31\u5219\u662f\u4e3b\u8981\u77ed\u671f\u98ce\u9669\u3002 <\/span><b>26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a956\u20131,211\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f<\/b><span>\u3002<\/span><\/li><\/ul>\n<ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u672c\u5b63\u5ea6\u56de\u8d2d5.50\u4ebf\u7f8e\u5143\u80a1\u7968\uff0c\u9ad8\u4e8e\u7b2c\u4e8c\u5b63\u5ea6\u76844.50\u4ebf\u7f8e\u5143\u3002\u5b63\u5ea6\u80a1\u606f\u7ef4\u6301\u6bcf\u80a15.73\u7f8e\u5143\uff1b\u7ba1\u7406\u5c42\u8ba1\u5212\u7b2c\u56db\u5b63\u5ea6\u81f3\u5c11\u56de\u8d2d5.50\u4ebf\u7f8e\u5143\u3002<\/span><\/li><\/ul>\n<p> <\/p>\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 IXBIO SP iX Biopharma Ltd. Shares closed above the 5dEMA with rising volume.&nbsp; Both RSI and MACD are constructive.&nbsp; Long \u2013 Entry 0.54, Target 0.62, Stop 0.50&nbsp; SCI SP Sembcorp Industries Ltd. Shares closed above the 5dEMA with rising volume.&nbsp; Both RSI and MACD are [&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-95880","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: 15 October 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore IXBIO SP iX Biopharma Ltd. Shares closed above the 5dEMA with rising volume. Both RSI and MACD are constructive. Long \u2013 Entry 0.54, Target 0.62, Stop 0.50 SCI SP Sembcorp Industries Ltd. Shares closed above the 5dEMA with rising volume.\" \/>\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: 15 October 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 15 October 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore IXBIO SP iX Biopharma Ltd. 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