{"id":96554,"date":"2026-11-02T08:00:02","date_gmt":"2026-11-02T00:00:02","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=96554"},"modified":"2026-11-02T11:51:33","modified_gmt":"2026-11-02T03:51:33","slug":"technical-analysis-2-november-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/","title":{"rendered":"Technical Analysis: 2 November 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"96554\" class=\"elementor elementor-96554\" 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: 2 November 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;\">CIT SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">City Developments 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 20dEMA with rising volume.<\/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\">RSI is constructive and MACD is about to turn positive.<\/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\">Long \u2013 Entry 7.2, Target 7.7, Stop 7.0<\/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=\"1563\" height=\"996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP.png\" class=\"attachment-full size-full wp-image-96556\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP-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-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;\">HPL SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Hotel Properties 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 at the 5dEMA with rising volume.<\/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\">MACD is constructive, while RSI is at an overbought level.<\/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\">Long \u2013 Entry 5.0, Target 5.2, Stop 4.9<\/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=\"1563\" height=\"996\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP.png\" class=\"attachment-full size-full wp-image-96557\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_HPL_SP-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\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;\">857 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">PetroChina Co 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 at a high since June above the 5dEMA with rising volume.<\/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\">Both RSI and MACD are constructive.<\/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\">Long \u2013 Entry 10.5, Target 11.3, Stop 10.1<\/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\/11\/TA_2Nov_857_HK.png\" class=\"attachment-full size-full wp-image-96558\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_857_HK.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_857_HK-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_857_HK-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_857_HK-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_857_HK-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;\">386 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">China Petroleum and Chemical Corporation<\/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><\/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><\/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\">Long \u2013 Entry 4.7, Target 5.1, Stop 4.5<\/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\/11\/TA_2Nov_386_HK.png\" class=\"attachment-full size-full wp-image-96559\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_386_HK.png 1563w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_386_HK-300x191.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_386_HK-1024x653.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_386_HK-768x489.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_386_HK-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;\">LIN US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Linde, plc<\/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><span>Shares closed above the 5dEMA, 10dEMA and 20dEMA with rising volume.<\/span><\/li><\/ul><ul><li><span>Both RSI and MACD are constructive.<\/span><\/li><\/ul><ul><li><b><span>Long \u2013 Entry 500, Target 548, Stop 475<\/span><\/b><\/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=\"1532\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_LIN_US.png\" class=\"attachment-full size-full wp-image-96591\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_LIN_US.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_LIN_US-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_LIN_US-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_LIN_US-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-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;\">PEP US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Pepsico, 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><span>Shares closed just above the 5dEMA, 10dEMA and 20dEMA with rising volume.<\/span><\/li><\/ul><ul><li><span>Both RSI and MACD are constructive.<\/span><\/li><\/ul><ul><li><b><span>Long \u2013 Entry 132, Target 158, Stop 120<\/span><\/b><\/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=\"1532\" height=\"917\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_PEP_US.png\" class=\"attachment-full size-full wp-image-96592\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_PEP_US.png 1532w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_PEP_US-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_PEP_US-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_PEP_US-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-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>Cameco Corporation (CCJ)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Revenue C$619.064m versus C$614.555m, +0.7% YoY; approximately C$134.8m below C$753.86m consensus. Uranium deliveries 5.6m lb, down 8%; production 3.5m lb, down 20%.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>Adjusted diluted EPS approximately C$0.00 versus C$0.07, a decline of approximately C$0.07; missed C$0.27 consensus by C$0.27. Adjusted net loss C$2m versus C$32m profit. IFRS diluted EPS C$0.10 versus approximately zero; net earnings C$43m include a C$26m bargain-purchase gain.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide standalone Q4 revenue or EPS guidance. Commissioning of new Key Lake infrastructure is underway; the final remaining shipment of its share of 2026 Inkai production is expected to arrive before year-end.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>Consolidated revenue maintained at C$3.320\u20133.570bn; no full-year EPS guidance provided. Uranium production narrowed to 19.5\u201320.5m lb from 19.5\u201321.5m; sales 29.5\u201330.5m lb from 29\u201332m. Uranium unit cost raised to C$67\u201370\/lb from C$63\u201367.50. Capex reduced to C$440\u2013490m from C$490\u2013540m. Cameco\u2019s share of Westinghouse adjusted EBITDA maintained at US$370\u2013430m.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Annual dividend C$0.24\/share, payable 15 December to holders of record on 30 November. No new share-buyback programme announced in the results. Cash C$860m, debt C$1.0bn and undrawn revolving credit C$1.0bn at quarter-end.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>Cameco\u2019s nuclear fuel position remains attractive, but weak earnings and higher costs keep our outlook neutral. The planned Key Lake outage reduced production, while delivery timing limited sales despite firmer uranium pricing. Lower output and inflation also raised the annual cost range. IFRS profit overstates recurring performance: the Cigar Lake bargain-purchase gain and reclamation adjustments supported earnings, while adjusted results were near breakeven. Quarterly operating cash flow fell to C$3m, making collections and working-capital release important checks on management\u2019s annual cash expectations. Long-term contracts support demand visibility, although deliveries and price participation occur over time. Westinghouse adds reactor-services and construction exposure, but government frameworks still require definitive agreements, financing and execution. Shares closed at US$76.91 on 30 October, down 7.88%. The decline reduces the growth premium, yet valuation requires earnings improvement. Watch Key Lake commissioning, Inkai deliveries, purchased uranium costs, utility contracting and Westinghouse distributions. Production recovery accompanied by stronger cash conversion would support a positive stance.<\/span><b><span> 4Q26 recommended trading range: US$65\u201390. Neutral Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u5361\u6885\u79d1 (CCJ)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u6536\u51656.19064\u4ebf\u52a0\u5143\uff0c\u53bb\u5e746.14555\u4ebf\u52a0\u5143\uff0c\u540c\u6bd4\u589e\u957f0.7%\uff1b\u8f837.5386\u4ebf\u52a0\u5143\u9884\u671f\u4f4e\u7ea61.348\u4ebf\u52a0\u5143\u3002\u94c0\u4ea4\u4ed8\u91cf560\u4e07\u78c5\uff0c\u4e0b\u964d8%\uff1b\u4ea7\u91cf350\u4e07\u78c5\uff0c\u4e0b\u964d20%\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u7ecf\u8c03\u6574\u644a\u8584\u6bcf\u80a1\u76c8\u5229\u7ea60.00\u52a0\u5143\uff0c\u53bb\u5e740.07\u52a0\u5143\uff0c\u51cf\u5c11\u7ea60.07\u52a0\u5143\uff1b\u8f830.27\u52a0\u5143\u9884\u671f\u4f4e0.27\u52a0\u5143\u3002\u7ecf\u8c03\u6574\u51c0\u4e8f\u635f200\u4e07\u52a0\u5143\uff0c\u53bb\u5e74\u51c0\u5229\u6da63,200\u4e07\u52a0\u5143\u3002IFRS\u644a\u8584\u6bcf\u80a1\u76c8\u52290.10\u52a0\u5143\uff0c\u53bb\u5e74\u7ea6\u96f6\uff1b\u51c0\u5229\u6da64,300\u4e07\u52a0\u5143\u5305\u62ec2,600\u4e07\u52a0\u5143\u8bae\u4ef7\u6536\u8d2d\u6536\u76ca\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u72ec\u7acb\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002Key Lake\u65b0\u57fa\u7840\u8bbe\u65bd\u6b63\u5728\u8c03\u8bd5\uff1b\u516c\u53f8\u6240\u53602026\u5e74Inkai\u4ea7\u91cf\u7684\u6700\u540e\u4e00\u6279\u5269\u4f59\u8d27\u7269\u9884\u8ba1\u5e74\u5e95\u524d\u5230\u8fbe\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u5408\u5e76\u6536\u5165\u7ef4\u630133.20\u4ebf\u81f335.70\u4ebf\u52a0\u5143\uff1b\u672a\u63d0\u4f9b\u5168\u5e74\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u94c0\u4ea7\u91cf\u75311,950\u4e07\u81f32,150\u4e07\u78c5\u6536\u7a84\u81f31,950\u4e07\u81f32,050\u4e07\u78c5\uff1b\u9500\u91cf\u75312,900\u4e07\u81f33,200\u4e07\u78c5\u6536\u7a84\u81f32,950\u4e07\u81f33,050\u4e07\u78c5\u3002\u5355\u4f4d\u94c0\u9500\u552e\u6210\u672c\u7531\u6bcf\u78c563\u81f367.50\u52a0\u5143\u5347\u81f367\u81f370\u52a0\u5143\u3002\u8d44\u672c\u5f00\u652f\u75314.90\u4ebf\u81f35.40\u4ebf\u52a0\u5143\u964d\u81f34.40\u4ebf\u81f34.90\u4ebf\u52a0\u5143\u3002\u516c\u53f8\u6240\u5360\u897f\u5c4b\u7ecf\u8c03\u6574EBITDA\u7ef4\u63013.70\u4ebf\u81f34.30\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u5e74\u5ea6\u80a1\u606f\u6bcf\u80a10.24\u52a0\u5143\uff0c12\u670815\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e511\u670830\u65e5\u3002\u4e1a\u7ee9\u516c\u544a\u672a\u5ba3\u5e03\u65b0\u80a1\u4efd\u56de\u8d2d\u8ba1\u5212\u3002\u5b63\u672b\u73b0\u91d18.60\u4ebf\u52a0\u5143\uff0c\u503a\u52a110\u4ebf\u52a0\u5143\uff0c\u672a\u52a8\u7528\u5faa\u73af\u4fe1\u8d3710\u4ebf\u52a0\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u5361\u6885\u79d1\u5728\u6838\u71c3\u6599\u9886\u57df\u7684\u5730\u4f4d\u4ecd\u5177\u5438\u5f15\u529b\uff0c\u4f46\u76c8\u5229\u75b2\u5f31\u53ca\u6210\u672c\u4e0a\u5347\uff0c\u4f7f\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u3002Key Lake\u8ba1\u5212\u505c\u673a\u964d\u4f4e\u4ea7\u91cf\uff0c\u4ea4\u4ed8\u65f6\u70b9\u5219\u4ee4\u9500\u91cf\u53d7\u9650\uff0c\u5373\u4f7f\u94c0\u4ef7\u6539\u5584\u4ea6\u672a\u5b8c\u5168\u62b5\u6d88\u3002\u4ea7\u91cf\u51cf\u5c11\u53ca\u901a\u80c0\u4ea6\u63d0\u9ad8\u5168\u5e74\u6210\u672c\u533a\u95f4\u3002IFRS\u5229\u6da6\u9ad8\u4f30\u7ecf\u5e38\u6027\u8868\u73b0\uff1aCigar Lake\u8bae\u4ef7\u6536\u8d2d\u6536\u76ca\u53ca\u590d\u57a6\u8c03\u6574\u652f\u6301\u76c8\u5229\uff0c\u7ecf\u8c03\u6574\u4e1a\u7ee9\u5219\u63a5\u8fd1\u76c8\u4e8f\u5e73\u8861\u3002\u5b63\u5ea6\u7ecf\u8425\u73b0\u91d1\u6d41\u964d\u81f3300\u4e07\u52a0\u5143\uff0c\u56de\u6b3e\u53ca\u8425\u8fd0\u8d44\u91d1\u91ca\u653e\u56e0\u6b64\u6210\u4e3a\u9a8c\u8bc1\u7ba1\u7406\u5c42\u5168\u5e74\u73b0\u91d1\u9884\u671f\u7684\u91cd\u8981\u6307\u6807\u3002\u957f\u671f\u5408\u7ea6\u652f\u6301\u9700\u6c42\u80fd\u89c1\u5ea6\uff0c\u4f46\u4ea4\u4ed8\u53ca\u4ef7\u683c\u53c2\u4e0e\u987b\u9010\u6b65\u5151\u73b0\u3002\u897f\u5c4b\u589e\u52a0\u53cd\u5e94\u5806\u670d\u52a1\u53ca\u65b0\u5efa\u9879\u76ee\u655e\u53e3\uff0c\u4e0d\u8fc7\u653f\u5e9c\u6846\u67b6\u4ecd\u9700\u6b63\u5f0f\u534f\u8bae\u3001\u878d\u8d44\u53ca\u6267\u884c\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a576.91\u7f8e\u5143\uff0c\u4e0b\u8dcc7.88%\u3002\u8c03\u6574\u51cf\u5c11\u589e\u957f\u6ea2\u4ef7\uff0c\u4f46\u4f30\u503c\u4ecd\u8981\u6c42\u76c8\u5229\u6539\u5584\u3002\u5e94\u5173\u6ce8Key Lake\u8c03\u8bd5\u3001Inkai\u4ea4\u4ed8\u3001\u5916\u8d2d\u94c0\u6210\u672c\u3001\u516c\u7528\u4e8b\u4e1a\u7b7e\u7ea6\u53ca\u897f\u5c4b\u5206\u6d3e\u3002\u4ea7\u91cf\u6062\u590d\u5e76\u4f34\u968f\u73b0\u91d1\u8f6c\u5316\u6539\u5584\uff0c\u5c06\u652f\u6301\u6b63\u9762\u89c2\u70b9\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a65\u201390\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><p><b><span>BP p.l.c. (BP)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Sales and other operating revenue US$68.399bn versus US$48.420bn, +41.3% YoY; approximately US$3.86bn above US$64.54bn consensus. Reported upstream production 2.220m barrels of oil equivalent\/day versus 2.362m, down 6.0%.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>Underlying replacement-cost profit per ADS US$3.26 versus US$0.85, +283.5%; beat US$2.63 consensus by US$0.63. IFRS diluted EPS US$1.79\/ADS versus US$0.44. Underlying RC profit US$8.458bn versus US$2.210bn.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide Q4 revenue or EPS guidance. Upstream production 2.090\u20132.230m boe\/day; refining throughput 1.160\u20131.210m barrels\/day. Customers earnings expected significantly lower sequentially; cash tax payments approximately US$0.8bn higher.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>No full-year revenue or EPS guidance provided. Production narrowed to 2.210\u20132.250m boe\/day from 2.180\u20132.270m; capex maintained at US$13.5\u201314.0bn. Underlying tax rate lowered to 31\u201334% from 35\u201340%; divestment proceeds approximately US$8bn versus US$8\u20139bn previously.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Dividend US$0.5196\/ADS before fees, equivalent to US$0.0866\/ordinary share, payable 18 December; record date 13 November. No Q3 share repurchases or new buyback announced. Operating cash flow US$14.829bn; net debt US$13.870bn versus US$22.251bn at June-end.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>BP&#8217;s refining and trading strength accelerates balance-sheet repair, but earnings durability keeps our outlook neutral. Better reliability captured elevated product margins, while declining production shows that prices rather than volume drove much of the improvement. Underlying profit also benefits from a lower tax rate. IFRS earnings include US$1.598bn of after-tax inventory gains; US$4.1bn of pretax impairments highlights poor historic investment returns despite being non-cash. Cash generation is more persuasive, although working-capital releases should not be extrapolated. Net debt is below the previous target, but hybrids, leases and settlement liabilities leave broader obligations substantial. Excess cash remains directed toward liability reduction. The expected Castrol disposal releases cash while reducing future earnings. Shares closed at US$50.39 on 30 October, up 0.08%. Valuation offers dividend support, but exceptional refining profits provide an uncertain foundation for further upside. Watch Rotterdam&#8217;s recovery, refining availability, trading contributions, disposal completion, settlement payments and the 15 December strategy update. Consistent through-cycle cash returns would strengthen our view.<\/span><b><span> 4Q26 recommended trading range: US$45\u201357. Neutral Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u82f1\u56fd\u77f3\u6cb9 (BP)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u9500\u552e\u53ca\u5176\u4ed6\u7ecf\u8425\u6536\u5165683.99\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e74484.20\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f41.3%\uff1b\u8f83645.4\u4ebf\u7f8e\u5143\u9884\u671f\u9ad8\u7ea638.6\u4ebf\u7f8e\u5143\u3002\u62a5\u544a\u4e0a\u6e38\u4ea7\u91cf\u6bcf\u65e5222.0\u4e07\u6876\u6cb9\u5f53\u91cf\uff0c\u53bb\u5e74236.2\u4e07\u6876\uff0c\u4e0b\u964d6.0%\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u6bcf\u4efd\u7f8e\u56fd\u5b58\u6258\u80a1\u4efd\u57fa\u7840\u91cd\u7f6e\u6210\u672c\u76c8\u52293.26\u7f8e\u5143\uff0c\u53bb\u5e740.85\u7f8e\u5143\uff0c\u589e\u957f283.5%\uff1b\u8f832.63\u7f8e\u5143\u9884\u671f\u9ad80.63\u7f8e\u5143\u3002IFRS\u644a\u8584\u6bcf\u4efdADS\u76c8\u52291.79\u7f8e\u5143\uff0c\u53bb\u5e740.44\u7f8e\u5143\u3002\u57fa\u7840\u91cd\u7f6e\u6210\u672c\u5229\u6da684.58\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e7422.10\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u4e0a\u6e38\u4ea7\u91cf\u6bcf\u65e5209.0\u4e07\u81f3223.0\u4e07\u6876\u6cb9\u5f53\u91cf\uff1b\u70bc\u6cb9\u52a0\u5de5\u91cf\u6bcf\u65e5116.0\u4e07\u81f3121.0\u4e07\u6876\u3002\u5ba2\u6237\u4e1a\u52a1\u76c8\u5229\u9884\u8ba1\u73af\u6bd4\u663e\u8457\u4e0b\u964d\uff1b\u73b0\u91d1\u7a0e\u6b3e\u9884\u8ba1\u589e\u52a0\u7ea68\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u4ea7\u91cf\u7531\u6bcf\u65e5218.0\u4e07\u81f3227.0\u4e07\u6876\u6cb9\u5f53\u91cf\u6536\u7a84\u81f3221.0\u4e07\u81f3225.0\u4e07\u6876\uff1b\u8d44\u672c\u5f00\u652f\u7ef4\u6301135\u4ebf\u81f3140\u4ebf\u7f8e\u5143\u3002\u57fa\u7840\u7a0e\u7387\u753135\u201340%\u964d\u81f331\u201334%\uff1b\u8d44\u4ea7\u51fa\u552e\u6240\u5f97\u753180\u4ebf\u81f390\u4ebf\u7f8e\u5143\u8c03\u6574\u81f3\u7ea680\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u80a1\u606f\u6bcf\u4efdADS\u4e3a0.5196\u7f8e\u5143\uff0c\u672a\u6263\u8d39\u7528\uff0c\u76f8\u5f53\u4e8e\u6bcf\u80a1\u666e\u901a\u80a10.0866\u7f8e\u5143\uff1b12\u670818\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e511\u670813\u65e5\u3002\u7b2c\u4e09\u5b63\u5ea6\u65e0\u80a1\u4efd\u56de\u8d2d\uff0c\u4ea6\u672a\u5ba3\u5e03\u65b0\u56de\u8d2d\u3002\u7ecf\u8425\u73b0\u91d1\u6d41148.29\u4ebf\u7f8e\u5143\uff1b\u51c0\u503a\u52a1138.70\u4ebf\u7f8e\u5143\uff0c6\u6708\u5e95222.51\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u82f1\u56fd\u77f3\u6cb9\u70bc\u6cb9\u53ca\u4ea4\u6613\u5f3a\u52b2\uff0c\u52a0\u5feb\u8d44\u4ea7\u8d1f\u503a\u8868\u4fee\u590d\uff0c\u4f46\u76c8\u5229\u6301\u7eed\u6027\u4f7f\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u3002\u53ef\u9760\u6027\u6539\u5584\u4f7f\u516c\u53f8\u628a\u63e1\u8f83\u9ad8\u4ea7\u54c1\u5229\u6da6\u7387\uff1b\u4ea7\u91cf\u4e0b\u964d\u663e\u793a\uff0c\u6539\u5584\u4e3b\u8981\u7531\u4ef7\u683c\u800c\u975e\u9500\u91cf\u63a8\u52a8\u3002\u8f83\u4f4e\u57fa\u7840\u7a0e\u7387\u4ea6\u652f\u6301\u57fa\u7840\u5229\u6da6\u3002IFRS\u76c8\u5229\u5305\u542b15.98\u4ebf\u7f8e\u5143\u7a0e\u540e\u5b58\u8d27\u6536\u76ca\uff1b41\u4ebf\u7f8e\u5143\u7a0e\u524d\u51cf\u503c\u867d\u5c5e\u975e\u73b0\u91d1\uff0c\u4ecd\u53cd\u6620\u8fc7\u53bb\u6295\u8d44\u56de\u62a5\u6b20\u4f73\u3002\u73b0\u91d1\u521b\u9020\u66f4\u6709\u8bf4\u670d\u529b\uff0c\u4f46\u8425\u8fd0\u8d44\u91d1\u91ca\u653e\u4e0d\u5b9c\u5916\u63a8\u3002\u51c0\u503a\u52a1\u5df2\u4f4e\u4e8e\u6b64\u524d\u76ee\u6807\uff0c\u60df\u6df7\u5408\u8d44\u672c\u3001\u79df\u8d41\u53ca\u548c\u89e3\u8d1f\u503a\u4ee4\u66f4\u5e7f\u6cdb\u8d22\u52a1\u4e49\u52a1\u4ecd\u5927\u3002\u8d85\u989d\u73b0\u91d1\u7ee7\u7eed\u7528\u4e8e\u51cf\u8f7b\u8d1f\u503a\u3002\u9884\u671f\u51fa\u552e\u5609\u5b9e\u591a\u53ef\u91ca\u653e\u73b0\u91d1\uff0c\u540c\u65f6\u51cf\u5c11\u672a\u6765\u76c8\u5229\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a550.39\u7f8e\u5143\uff0c\u4e0a\u6da80.08%\u3002\u4f30\u503c\u63d0\u4f9b\u80a1\u606f\u652f\u6301\uff0c\u4f46\u5f02\u5e38\u5f3a\u52b2\u70bc\u6cb9\u5229\u6da6\u5e76\u975e\u8fdb\u4e00\u6b65\u4e0a\u6da8\u7684\u7a33\u56fa\u57fa\u7840\u3002\u5e94\u5173\u6ce8\u9e7f\u7279\u4e39\u6062\u590d\u3001\u70bc\u6cb9\u53ef\u7528\u7387\u3001\u4ea4\u6613\u8d21\u732e\u3001\u8d44\u4ea7\u51fa\u552e\u5b8c\u6210\u3001\u548c\u89e3\u4ed8\u6b3e\u53ca12\u670815\u65e5\u6218\u7565\u66f4\u65b0\u3002\u6301\u7eed\u8de8\u5468\u671f\u73b0\u91d1\u56de\u62a5\u5c06\u5f3a\u5316\u6211\u4eec\u7684\u89c2\u70b9\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a45\u201357\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><p><b><span>ExxonMobil Holdings Corporation (XOM)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Total revenues and other income US$113.164bn versus US$85.294bn, +32.7% YoY; approximately US$10.29bn above US$102.87bn consensus.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>Non-GAAP adjusted diluted EPS US$4.23; beat US$4.03 consensus by US$0.20. GAAP diluted EPS US$3.72 versus US$1.76, +111.4% YoY. Adjusted earnings US$17.505bn exclude US$0.449bn net identified gains and US$2.541bn adverse estimated timing effects.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide Q4 revenue or EPS guidance. Uaru, the fifth Guyana development, expected to start in Q4. Golden Pass LNG Train 2 expected substantially complete in December, followed by commissioning. Management expects product-market disruption to persist well into 2027.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>The company did not provide full-year revenue or EPS guidance. The previously published FY26 cash-capex plan is US$27\u201329bn; no revision announced with Q3 results. Cumulative structural savings target remains US$20bn by 2030 versus 2019; US$16.9bn achieved.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Quarterly dividend increased to US$1.07\/share from US$1.03, payable 10 December; record date 16 November. Q3 buybacks US$5.1bn and dividends US$4.3bn. Announced US$20bn of 2027 buybacks, subject to reasonable market conditions; FY26 plan approximately US$20bn. Q3 operating cash flow approximately US$25.7bn; company-defined free cash flow US$19.109bn.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>ExxonMobil&#8217;s refining capacity and cash generation strengthen the business, but elevated commodity profits and valuation keep our outlook neutral. Product shortages supported refining while Middle East disruption constrained upstream volumes. Energy Products adjusted earnings exceeded Upstream earnings, driving the sequential improvement. Permian and Guyana growth provide durable support, although group production still declined year on year. GAAP profit includes an asset-sale gain, while adjusted earnings remove substantial adverse timing effects; neither alone establishes sustainable earning power. Free cash flow covered distributions comfortably, although the company definition includes asset-sale proceeds and investment returns. Balance-sheet improvement supports dividends and repurchases through weaker markets; the 2027 buyback remains conditional. Uaru and Golden Pass add future production, with commissioning and spending risks. Shares closed at US$187.25 on 30 October, up 2.16%. The price recognises considerable operational strength, leaving exposure to refining-margin normalisation. Watch product margins, Middle East sales recovery, project start-ups, Pioneer synergies and cash conversion. Returns under more normal prices would increase confidence in upside.<\/span><b><span> 4Q26 recommended trading range: US$165\u2013205. Neutral Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u57c3\u514b\u68ee\u7f8e\u5b5a (XOM)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u603b\u6536\u5165\u53ca\u5176\u4ed6\u6536\u76ca1,131.64\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e74852.94\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f32.7%\uff1b\u8f831,028.7\u4ebf\u7f8e\u5143\u9884\u671f\u9ad8\u7ea6102.9\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u975eGAAP\u7ecf\u8c03\u6574\u644a\u8584\u6bcf\u80a1\u76c8\u52294.23\u7f8e\u5143\uff0c\u8f834.03\u7f8e\u5143\u9884\u671f\u9ad80.20\u7f8e\u5143\u3002GAAP\u644a\u8584\u6bcf\u80a1\u76c8\u52293.72\u7f8e\u5143\uff0c\u53bb\u5e741.76\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f111.4%\u3002\u7ecf\u8c03\u6574\u5229\u6da6175.05\u4ebf\u7f8e\u5143\uff0c\u5254\u96644.49\u4ebf\u7f8e\u5143\u51c0\u5df2\u8bc6\u522b\u6536\u76ca\u53ca25.41\u4ebf\u7f8e\u5143\u4e0d\u5229\u4f30\u8ba1\u65f6\u70b9\u5f71\u54cd\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u572d\u4e9a\u90a3\u7b2c\u4e94\u4e2a\u5f00\u53d1\u9879\u76eeUaru\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u6295\u4ea7\uff1bGolden Pass\u6db2\u5316\u5929\u7136\u6c14\u7b2c\u4e8c\u751f\u4ea7\u7ebf\u9884\u8ba112\u6708\u5b9e\u8d28\u5b8c\u5de5\uff0c\u5176\u540e\u8c03\u8bd5\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u4ea7\u54c1\u5e02\u573a\u6270\u52a8\u8fdb\u51652027\u5e74\u540e\u4ecd\u5c06\u6301\u7eed\u4e00\u6bb5\u65f6\u95f4\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u6b64\u524d\u516c\u5e032026\u8d22\u5e74\u73b0\u91d1\u8d44\u672c\u5f00\u652f\u8ba1\u5212270\u4ebf\u81f3290\u4ebf\u7f8e\u5143\uff0c\u7b2c\u4e09\u5b63\u5ea6\u4e1a\u7ee9\u672a\u5ba3\u5e03\u4fee\u8ba2\u3002\u76f8\u8f832019\u5e74\uff0c2030\u5e74\u7d2f\u8ba1\u7ed3\u6784\u6027\u8282\u652f\u76ee\u6807\u7ef4\u6301200\u4ebf\u7f8e\u5143\uff0c\u76ee\u524d\u5b9e\u73b0169\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u5b63\u5ea6\u80a1\u606f\u7531\u6bcf\u80a11.03\u7f8e\u5143\u63d0\u9ad8\u81f31.07\u7f8e\u5143\uff0c12\u670810\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e511\u670816\u65e5\u3002\u7b2c\u4e09\u5b63\u5ea6\u56de\u8d2d51\u4ebf\u7f8e\u5143\u3001\u80a1\u606f43\u4ebf\u7f8e\u5143\u3002\u5ba3\u5e032027\u5e74\u56de\u8d2d200\u4ebf\u7f8e\u5143\uff0c\u4ee5\u5408\u7406\u5e02\u573a\u6761\u4ef6\u4e3a\u524d\u63d0\uff1b2026\u8d22\u5e74\u8ba1\u5212\u7ea6200\u4ebf\u7f8e\u5143\u3002\u5b63\u5ea6\u7ecf\u8425\u73b0\u91d1\u6d41\u7ea6257\u4ebf\u7f8e\u5143\uff1b\u516c\u53f8\u5b9a\u4e49\u81ea\u7531\u73b0\u91d1\u6d41191.09\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u57c3\u514b\u68ee\u7f8e\u5b5a\u70bc\u6cb9\u4ea7\u80fd\u53ca\u73b0\u91d1\u521b\u9020\u5f3a\u5316\u4e1a\u52a1\uff0c\u4f46\u8f83\u9ad8\u5546\u54c1\u5229\u6da6\u53ca\u4f30\u503c\u4f7f\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u3002\u4ea7\u54c1\u77ed\u7f3a\u652f\u6301\u70bc\u6cb9\uff0c\u4e2d\u4e1c\u6270\u52a8\u5219\u9650\u5236\u4e0a\u6e38\u4ea7\u91cf\u3002\u80fd\u6e90\u4ea7\u54c1\u7ecf\u8c03\u6574\u5229\u6da6\u8d85\u8fc7\u4e0a\u6e38\uff0c\u63a8\u52a8\u73af\u6bd4\u6539\u5584\u3002\u4e8c\u53e0\u7eaa\u53ca\u572d\u4e9a\u90a3\u589e\u957f\u63d0\u4f9b\u8f83\u6301\u4e45\u652f\u6301\uff0c\u4f46\u96c6\u56e2\u4ea7\u91cf\u4ecd\u540c\u6bd4\u4e0b\u964d\u3002GAAP\u5229\u6da6\u5305\u542b\u8d44\u4ea7\u51fa\u552e\u6536\u76ca\uff0c\u7ecf\u8c03\u6574\u5229\u6da6\u5219\u5254\u9664\u8f83\u5927\u4e0d\u5229\u65f6\u70b9\u5f71\u54cd\uff0c\u5355\u4e00\u6307\u6807\u5747\u4e0d\u8db3\u4ee5\u8bc1\u660e\u53ef\u6301\u7eed\u76c8\u5229\u80fd\u529b\u3002\u81ea\u7531\u73b0\u91d1\u6d41\u5145\u5206\u8986\u76d6\u80a1\u4e1c\u5206\u914d\uff0c\u60df\u516c\u53f8\u5b9a\u4e49\u5305\u542b\u8d44\u4ea7\u51fa\u552e\u6240\u5f97\u53ca\u6295\u8d44\u56de\u6b3e\u3002\u8d44\u4ea7\u8d1f\u503a\u8868\u6539\u5584\u652f\u6301\u5f31\u5e02\u4e0b\u80a1\u606f\u53ca\u56de\u8d2d\uff1b2027\u5e74\u56de\u8d2d\u4ecd\u6709\u6761\u4ef6\u3002Uaru\u53caGolden Pass\u589e\u52a0\u672a\u6765\u4ea7\u91cf\uff0c\u540c\u65f6\u5b58\u5728\u8c03\u8bd5\u53ca\u5f00\u652f\u98ce\u9669\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a5187.25\u7f8e\u5143\uff0c\u4e0a\u6da82.16%\uff0c\u5df2\u53cd\u6620\u8f83\u591a\u7ecf\u8425\u5b9e\u529b\uff0c\u4ecd\u9762\u4e34\u70bc\u6cb9\u5229\u6da6\u7387\u6b63\u5e38\u5316\u98ce\u9669\u3002\u5e94\u5173\u6ce8\u4ea7\u54c1\u5229\u6da6\u7387\u3001\u4e2d\u4e1c\u9500\u552e\u6062\u590d\u3001\u9879\u76ee\u6295\u4ea7\u3001Pioneer\u534f\u540c\u6548\u76ca\u53ca\u73b0\u91d1\u8f6c\u5316\u3002\u5728\u8f83\u6b63\u5e38\u4ef7\u683c\u4e0b\u7ef4\u6301\u56de\u62a5\uff0c\u5c06\u63d0\u9ad8\u6211\u4eec\u5bf9\u4e0a\u6da8\u7a7a\u95f4\u7684\u4fe1\u5fc3\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a165\u2013205\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><p><b><span>Chevron Corporation (CVX)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Total revenues and other income US$67.798bn versus US$49.726bn, +36.3% YoY; approximately US$5.79bn above US$62.01bn consensus. Sales and other operating revenues were US$65.237bn. Net production 3.980m boe\/day, down 2.6% YoY.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>Adjusted diluted EPS US$5.28 versus US$1.85, +185.4% YoY; beat US$4.87 consensus by US$0.41. GAAP EPS US$5.06 versus US$1.82. Adjustments exclude US$294m of legal, impairment and pension costs and US$143m adverse FX; unfavourable timing effects of US$1.58bn remain in adjusted earnings.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide Q4 revenue or EPS guidance. Upstream turnaround\/downtime impact 175,000\u2013225,000 boe\/day; downstream after-tax earnings impact US$400\u2013500m. Affiliate distributions US$3.0\u20133.5bn; inorganic capex US$0.7\u20131.0bn. Expected HESM divestiture charge US$3\u20134bn after tax, treated as a special item.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>The company did not provide full-year revenue or EPS guidance. Organic capex remains targeted at the low end of the unchanged US$18\u201319bn budget; Q4 spending expected to rise sequentially. Management will provide further 2027 capital-programme detail in December.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Quarterly dividend US$1.78\/share, payable 10 December to holders of record on 18 November. Q3 dividends US$3.5bn and buybacks US$2.5bn; Q4 repurchases guided at US$2.5\u20133.0bn. Q3 operating cash flow US$16.0bn; free cash flow US$12.0bn; debt reduced by US$3.5bn.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>Chevron&#8217;s refining reliability and cash generation support the business, but elevated commodity earnings and upcoming downtime keep our outlook neutral. Record U.S. throughput and stronger product margins drove much of the improvement. Production declined despite regional operating strength, reflecting entitlement effects and disruption. Adjusted EPS removes identified charges and FX but retains unfavourable trading timing effects. Adjusted free cash flow of US$14.2bn also benefits from asset sales and a US$1bn TCO loan repayment, requiring care when assessing recurring cash. Balance-sheet strength supports investment and distributions. Venezuela offers growth but adds political and execution risks. The expected HESM charge will depress Q4 reported profit, despite management&#8217;s view that the transaction is economically beneficial. Shares closed at US$235.52 on 30 October, up 1.75%. Valuation leaves limited room for weaker crude prices or refining margins. Watch turnaround delivery, cash conversion, production entitlements, Bakken savings and Venezuela investment. Operating gains sustained through softer commodity conditions would strengthen the investment case.<\/span><b><span> 4Q26 recommended trading range: US$210\u2013260. Neutral Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u96ea\u4f5b\u9f99 (CVX)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u603b\u6536\u5165\u53ca\u5176\u4ed6\u6536\u76ca677.98\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e74497.26\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f36.3%\uff1b\u8f83620.1\u4ebf\u7f8e\u5143\u9884\u671f\u9ad8\u7ea657.9\u4ebf\u7f8e\u5143\u3002\u9500\u552e\u53ca\u5176\u4ed6\u7ecf\u8425\u6536\u5165652.37\u4ebf\u7f8e\u5143\u3002\u51c0\u4ea7\u91cf\u6bcf\u65e5398.0\u4e07\u6876\u6cb9\u5f53\u91cf\uff0c\u540c\u6bd4\u4e0b\u964d2.6%\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u7ecf\u8c03\u6574\u644a\u8584\u6bcf\u80a1\u76c8\u52295.28\u7f8e\u5143\uff0c\u53bb\u5e741.85\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f185.4%\uff1b\u8f834.87\u7f8e\u5143\u9884\u671f\u9ad80.41\u7f8e\u5143\u3002GAAP\u6bcf\u80a1\u76c8\u52295.06\u7f8e\u5143\uff0c\u53bb\u5e741.82\u7f8e\u5143\u3002\u8c03\u6574\u5254\u9664\u6cd5\u5f8b\u3001\u51cf\u503c\u53ca\u9000\u4f11\u91d1\u8d39\u75282.94\u4ebf\u7f8e\u5143\uff0c\u4ee5\u53ca\u6c47\u5151\u635f\u59311.43\u4ebf\u7f8e\u5143\uff1b\u7ecf\u8c03\u6574\u76c8\u5229\u4ecd\u5305\u542b15.8\u4ebf\u7f8e\u5143\u4e0d\u5229\u65f6\u70b9\u5f71\u54cd\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u4e0a\u6e38\u68c0\u4fee\u53ca\u505c\u5de5\u5f71\u54cd\u6bcf\u65e517.5\u4e07\u81f322.5\u4e07\u6876\u6cb9\u5f53\u91cf\uff1b\u4e0b\u6e38\u7a0e\u540e\u76c8\u5229\u5f71\u54cd4\u4ebf\u81f35\u4ebf\u7f8e\u5143\u3002\u8054\u8425\u516c\u53f8\u5206\u6d3e30\u4ebf\u81f335\u4ebf\u7f8e\u5143\uff1b\u975e\u6709\u673a\u8d44\u672c\u5f00\u652f7\u4ebf\u81f310\u4ebf\u7f8e\u5143\u3002\u9884\u8ba1HESM\u51fa\u552e\u4ea7\u751f\u7a0e\u540e\u8d39\u752830\u4ebf\u81f340\u4ebf\u7f8e\u5143\uff0c\u5217\u4f5c\u7279\u6b8a\u9879\u76ee\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u6709\u673a\u8d44\u672c\u5f00\u652f\u4ecd\u4ee5\u672a\u53d8\u7684180\u4ebf\u81f3190\u4ebf\u7f8e\u5143\u9884\u7b97\u4e0b\u9650\u4e3a\u76ee\u6807\uff1b\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u5f00\u652f\u73af\u6bd4\u589e\u52a0\u3002\u7ba1\u7406\u5c42\u5c06\u572812\u6708\u63d0\u4f9b\u66f4\u591a2027\u5e74\u8d44\u672c\u8ba1\u5212\u8be6\u60c5\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a11.78\u7f8e\u5143\uff0c12\u670810\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e511\u670818\u65e5\u3002\u7b2c\u4e09\u5b63\u5ea6\u80a1\u606f35\u4ebf\u7f8e\u5143\u3001\u56de\u8d2d25\u4ebf\u7f8e\u5143\uff1b\u7b2c\u56db\u5b63\u5ea6\u56de\u8d2d\u6307\u5f1525\u4ebf\u81f330\u4ebf\u7f8e\u5143\u3002\u5b63\u5ea6\u7ecf\u8425\u73b0\u91d1\u6d41160\u4ebf\u7f8e\u5143\uff0c\u81ea\u7531\u73b0\u91d1\u6d41120\u4ebf\u7f8e\u5143\uff1b\u503a\u52a1\u51cf\u5c1135\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u96ea\u4f5b\u9f99\u70bc\u6cb9\u53ef\u9760\u6027\u53ca\u73b0\u91d1\u521b\u9020\u652f\u6301\u4e1a\u52a1\uff0c\u4f46\u5546\u54c1\u76c8\u5229\u504f\u9ad8\u53ca\u5373\u5c06\u53d1\u751f\u7684\u505c\u5de5\u4f7f\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u3002\u7f8e\u56fd\u52a0\u5de5\u91cf\u521b\u65b0\u9ad8\u53ca\u6210\u54c1\u6cb9\u5229\u6da6\u7387\u6539\u5584\uff0c\u8d21\u732e\u5927\u90e8\u5206\u589e\u957f\u3002\u5c3d\u7ba1\u90e8\u5206\u5730\u533a\u7ecf\u8425\u5f3a\u52b2\uff0c\u4ea7\u91cf\u4ecd\u4e0b\u964d\uff0c\u53cd\u6620\u6743\u76ca\u4ea7\u91cf\u673a\u5236\u53ca\u4e2d\u65ad\u5f71\u54cd\u3002\u7ecf\u8c03\u6574\u6bcf\u80a1\u76c8\u5229\u5254\u9664\u7279\u5b9a\u8d39\u7528\u53ca\u6c47\u5151\u5f71\u54cd\uff0c\u5374\u4fdd\u7559\u4e0d\u5229\u4ea4\u6613\u65f6\u70b9\u5f71\u54cd\u3002\u7ecf\u8c03\u6574\u81ea\u7531\u73b0\u91d1\u6d41142\u4ebf\u7f8e\u5143\u4ea6\u53d7\u60e0\u4e8e\u8d44\u4ea7\u51fa\u552e\u53caTCO\u507f\u8fd810\u4ebf\u7f8e\u5143\u8d37\u6b3e\uff0c\u5224\u65ad\u7ecf\u5e38\u6027\u73b0\u91d1\u987b\u5ba1\u614e\u3002\u8d44\u4ea7\u8d1f\u503a\u8868\u5b9e\u529b\u652f\u6301\u6295\u8d44\u53ca\u5206\u6d3e\u3002\u59d4\u5185\u745e\u62c9\u63d0\u4f9b\u589e\u957f\uff0c\u4f46\u589e\u52a0\u653f\u6cbb\u53ca\u6267\u884c\u98ce\u9669\u3002\u9884\u8ba1HESM\u8d39\u7528\u5c06\u538b\u4f4e\u7b2c\u56db\u5b63\u5ea6\u62a5\u544a\u5229\u6da6\uff0c\u5c3d\u7ba1\u7ba1\u7406\u5c42\u8ba4\u4e3a\u4ea4\u6613\u5177\u6709\u7ecf\u6d4e\u6548\u76ca\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a5235.52\u7f8e\u5143\uff0c\u4e0a\u6da81.75%\u3002\u4f30\u503c\u5bf9\u6cb9\u4ef7\u6216\u70bc\u6cb9\u5229\u6da6\u7387\u8f6c\u5f31\u7684\u5bb9\u9519\u7a7a\u95f4\u6709\u9650\u3002\u5e94\u5173\u6ce8\u68c0\u4fee\u4ea4\u4ed8\u3001\u73b0\u91d1\u8f6c\u5316\u3001\u6743\u76ca\u4ea7\u91cf\u3001Bakken\u8282\u652f\u53ca\u59d4\u5185\u745e\u62c9\u6295\u8d44\u3002\u5728\u5546\u54c1\u5e02\u573a\u8f6c\u5f31\u65f6\u7ef4\u6301\u7ecf\u8425\u6539\u5584\uff0c\u5c06\u5f3a\u5316\u6295\u8d44\u903b\u8f91\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a210\u2013260\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><p><b><span>Dominion Energy Inc. (D)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Operating revenue US$5.617bn versus US$4.527bn, +24.1% YoY; approximately US$881m above US$4.736bn consensus. Trailing-12-month weather-normal electric sales grew 3.4% across Dominion Energy Virginia and South Carolina.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>Operating EPS (non-GAAP) US$1.28 versus US$1.06, +20.8% YoY; beat US$1.21 consensus by US$0.07. GAAP EPS US$1.30 versus US$1.16. Operating EPS includes US$0.05 of RNG 45Z credits and US$0.05 of better-than-normal weather.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide a standalone Q4 revenue or EPS range. Management provided year-on-year earnings drivers and retained conservatism for November\u2013December weather within its full-year outlook. Final CVOW offshore substation energisation expected by year-end 2026.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>Operating EPS range maintained at US$3.45\u20133.69; management now expects results in the top half of that original range. Existing credit, dividend and long-term growth guidance reaffirmed. The company did not provide full-year revenue guidance. CVOW budget unchanged at US$11.65bn and completion expected by end-2027.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Quarterly dividend US$0.6675\/share, payable 20 December to holders of record on 4 December; annual dividend guidance US$2.67\/share. No common-stock repurchases through September and none planned in 2026, apart from employee tax-withholding shares. September fuel-securitisation approval approximately US$900m.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>Dominion&#8217;s stronger sales and improved annual earnings positioning support operations, but construction and merger risks keep our view neutral. Weather and RNG credits contribute US$0.10 to operating EPS, exceeding the US$0.07 consensus beat; the surprise is not entirely recurring growth. Operating earnings remove trust-fund, hedging and other GAAP adjustments. CVOW is approximately 85% complete, but weather and vessel maintenance consumed schedule contingency. Shareholders would receive 0.8138 NextEra shares per Dominion share plus a pro rata portion of US$360m cash under the proposed merger. Closing is expected in the second half of 2027, subject to approvals. The exchange ratio links value to NextEra&#8217;s share price, while regulatory conditions can change deal economics. Shares closed at US$66.62 on 30 October, up 2.30%. Dividend income provides support, but deal uncertainty constrains valuation. Watch the Virginia hearing starting 17 November, approval conditions, CVOW delivery, financing and weather-normal demand. Clearer approvals and sustained project execution would support a more positive stance.<\/span><b><span> 4Q26 recommended trading range: US$60\u201372. Neutral Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u9053\u660e\u5c3c\u80fd\u6e90 (D)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u7ecf\u8425\u6536\u516556.17\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e7445.27\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f24.1%\uff1b\u8f83\u7ea647.36\u4ebf\u7f8e\u5143\u9884\u671f\u9ad8\u7ea68.81\u4ebf\u7f8e\u5143\u3002Virginia\u53caSouth Carolina\u4e1a\u52a1\u8fc7\u53bb12\u4e2a\u6708\u7ecf\u5929\u6c14\u6b63\u5e38\u5316\u7535\u529b\u9500\u552e\u589e\u957f3.4%\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>\u7ecf\u8425\u6bcf\u80a1\u76c8\u5229\uff08\u975eGAAP\uff091.28\u7f8e\u5143\uff0c\u53bb\u5e741.06\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f20.8%\uff1b\u8f831.21\u7f8e\u5143\u9884\u671f\u9ad80.07\u7f8e\u5143\u3002GAAP\u6bcf\u80a1\u76c8\u52291.30\u7f8e\u5143\uff0c\u53bb\u5e741.16\u7f8e\u5143\u3002\u7ecf\u8425\u6bcf\u80a1\u76c8\u5229\u5305\u62ecRNG 45Z\u7a0e\u6536\u62b5\u514d0.05\u7f8e\u5143\u53ca\u4f18\u4e8e\u6b63\u5e38\u5929\u6c14\u5f71\u54cd0.05\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u72ec\u7acb\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u533a\u95f4\u3002\u7ba1\u7406\u5c42\u5217\u51fa\u540c\u6bd4\u76c8\u5229\u9a71\u52a8\u56e0\u7d20\uff0c\u5e76\u5728\u5168\u5e74\u524d\u666f\u4e2d\u5bf911\u6708\u81f312\u6708\u5929\u6c14\u4fdd\u6301\u4fdd\u5b88\u5047\u8bbe\u3002\u9884\u8ba1CVOW\u6700\u540e\u4e00\u5ea7\u6d77\u4e0a\u53d8\u7535\u7ad9\u4e8e2026\u5e74\u5e95\u524d\u901a\u7535\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u7ecf\u8425\u6bcf\u80a1\u76c8\u5229\u533a\u95f4\u7ef4\u63013.45\u81f33.69\u7f8e\u5143\uff1b\u7ba1\u7406\u5c42\u73b0\u9884\u8ba1\u7ed3\u679c\u4f4d\u4e8e\u539f\u6709\u533a\u95f4\u4e0a\u534a\u90e8\u3002\u4fe1\u8d37\u3001\u80a1\u606f\u53ca\u957f\u671f\u589e\u957f\u6307\u5f15\u91cd\u7533\u4e0d\u53d8\u3002\u516c\u53f8\u672a\u63d0\u4f9b\u5168\u5e74\u6536\u5165\u6307\u5f15\u3002CVOW\u9884\u7b97\u7ef4\u6301116.5\u4ebf\u7f8e\u5143\uff0c\u9884\u8ba12027\u5e74\u5e95\u524d\u5b8c\u5de5\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a10.6675\u7f8e\u5143\uff0c12\u670820\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e512\u67084\u65e5\uff1b\u5168\u5e74\u80a1\u606f\u6307\u5f15\u6bcf\u80a12.67\u7f8e\u5143\u3002\u622a\u81f39\u6708\u672a\u56de\u8d2d\u666e\u901a\u80a1\uff0c2026\u5e74\u4ea6\u65e0\u56de\u8d2d\u8ba1\u5212\uff0c\u5458\u5de5\u7a0e\u6b3e\u4ee3\u6263\u80a1\u4efd\u9664\u5916\u30029\u6708\u83b7\u6279\u71c3\u6599\u8bc1\u5238\u5316\u878d\u8d44\u7ea69\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u9053\u660e\u5c3c\u9500\u552e\u589e\u5f3a\u53ca\u5168\u5e74\u76c8\u5229\u5b9a\u4f4d\u6539\u5584\u652f\u6301\u7ecf\u8425\uff0c\u4f46\u5efa\u8bbe\u53ca\u5408\u5e76\u98ce\u9669\u4f7f\u6211\u4eec\u7ef4\u6301\u4e2d\u6027\u3002\u5929\u6c14\u53caRNG\u7a0e\u6536\u62b5\u514d\u8d21\u732e\u7ecf\u8425\u6bcf\u80a1\u76c8\u52290.10\u7f8e\u5143\uff0c\u9ad8\u4e8e\u8d85\u9884\u671f\u76840.07\u7f8e\u5143\uff0c\u56e0\u6b64\u4e0d\u80fd\u5168\u90e8\u89c6\u4e3a\u7ecf\u5e38\u6027\u589e\u957f\u3002\u7ecf\u8425\u76c8\u5229\u5254\u9664\u4fe1\u6258\u57fa\u91d1\u3001\u5957\u671f\u4fdd\u503c\u53ca\u5176\u4ed6GAAP\u8c03\u6574\u3002CVOW\u5df2\u5b8c\u6210\u7ea685%\uff0c\u4f46\u5929\u6c14\u53ca\u8239\u8236\u7ef4\u4fee\u6d88\u8017\u5de5\u671f\u7f13\u51b2\u3002\u6839\u636e\u62df\u8bae\u5408\u5e76\uff0c\u6bcf\u80a1\u9053\u660e\u5c3c\u80a1\u4efd\u5c06\u6362\u53d60.8138\u80a1NextEra\u80a1\u4efd\uff0c\u5e76\u6309\u6bd4\u4f8b\u5206\u914d\u603b\u989d3.6\u4ebf\u7f8e\u5143\u73b0\u91d1\u3002\u4ea4\u6613\u9884\u8ba1\u4e8e2027\u5e74\u4e0b\u534a\u5e74\u5b8c\u6210\uff0c\u987b\u83b7\u6279\u51c6\u3002\u6362\u80a1\u6bd4\u4f8b\u4f7f\u4ef7\u503c\u4e0eNextEra\u80a1\u4ef7\u76f8\u8fde\uff0c\u800c\u76d1\u7ba1\u6761\u4ef6\u53ef\u80fd\u6539\u53d8\u4ea4\u6613\u7ecf\u6d4e\u6548\u76ca\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a566.62\u7f8e\u5143\uff0c\u4e0a\u6da82.30%\u3002\u80a1\u606f\u6536\u5165\u63d0\u4f9b\u652f\u6301\uff0c\u4f46\u4ea4\u6613\u4e0d\u786e\u5b9a\u6027\u9650\u5236\u4f30\u503c\u3002\u5e94\u5173\u6ce811\u670817\u65e5\u5f00\u59cb\u7684Virginia\u542c\u8bc1\u3001\u6279\u51c6\u6761\u4ef6\u3001CVOW\u4ea4\u4ed8\u3001\u878d\u8d44\u53ca\u7ecf\u5929\u6c14\u6b63\u5e38\u5316\u9700\u6c42\u3002\u6279\u51c6\u7ed3\u679c\u66f4\u6e05\u6670\u53ca\u9879\u76ee\u6301\u7eed\u6267\u884c\uff0c\u5c06\u652f\u6301\u66f4\u6b63\u9762\u7684\u89c2\u70b9\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a60\u201372\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><p><b><span>General Dynamics Corporation (GD)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>3Q26 Revenue: <\/span><\/b><span>Revenue US$14.566bn versus US$12.907bn, +12.9% YoY; approximately US$840m above US$13.726bn consensus. Backlog US$220.3bn; company-wide book-to-bill 6.8x.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>3Q26 EPS: <\/span><\/b><span>GAAP diluted EPS US$4.49 versus US$3.88, +15.7%; beat US$4.13 consensus by US$0.36. Operating earnings US$1.527bn, +14.7%; operating margin 10.5% versus 10.3%. Marine margin benefited from a one-time cumulative catch-up adjustment.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>4Q26 Guidance: <\/span><\/b><span>The company did not provide standalone Q4 revenue or EPS guidance. Management expects significant Q4 capital expenditure. Looking ahead, Marine Systems\u2019 underlying margin baseline is in the mid-7% range after Q3\u2019s catch-up benefit.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>FY26 Guidance: <\/span><\/b><span>Diluted EPS raised to US$17.20\u201317.30 from US$16.80\u201316.90; revenue US$56.5\u201356.8bn from approximately US$55.7bn. Operating margin maintained around 10.5%; free cash flow conversion around 105% of net earnings, with potential upside depending on project timing. Capex maintained at 3.5\u20134% of sales. FY27 guidance planned for January.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Dividend\/Share Buyback: <\/span><\/b><span>Quarterly dividend US$1.59\/share, payable 13 November to holders of record on 9 October. Q3 dividends US$429m and share repurchases approximately US$285m to offset dilution. Q3 operating cash flow US$1.7bn, free cash flow approximately US$1.2bn; debt repayment US$500m.<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>Comment: <\/span><\/b><span>General Dynamics\u2019 growth, higher guidance and exceptional orders support a positive outlook. Gulfstream demand broadens earnings, while submarine awards extend Marine Systems\u2019 workload. Backlog provides visibility, but US$108.5bn is unfunded, depends on appropriations and will convert over many years. Shipyard capacity, labour productivity and suppliers therefore matter more than headline orders. Earnings quality is constructive but uneven: Marine\u2019s margin included a cumulative catch-up, with management indicating a lower underlying baseline. Aerospace improved, while mix pressure in Combat Systems and Technologies limited group margins. Lower interest expense also supported profit. Strong cash flow funds dividends and investment, although working-capital improvements cannot repeat indefinitely. Planned Q4 spending will absorb cash; delays could shift expenditure into 2027. Shares closed at US$372.59 on 30 October, up 0.48%. Valuation rewards backlog execution and leaves limited tolerance for overruns. Watch funded orders, submarine productivity, Gulfstream deliveries, margins and capital projects. Production growth with sustained cash generation would reinforce the outlook; persistent cost escalation would weaken it.<\/span><b><span> 4Q26 recommended trading range: US$350\u2013415. Positive Outlook.<\/span><\/b><span>&nbsp;<\/span><\/li><\/ul><p><b><span>\u901a\u7528\u52a8\u529b (GD)<\/span><\/b><span>&nbsp;<\/span><\/p><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span>\u6536\u5165145.66\u4ebf\u7f8e\u5143\uff0c\u53bb\u5e74129.07\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f12.9%\uff1b\u8f83137.26\u4ebf\u7f8e\u5143\u9884\u671f\u9ad8\u7ea68.40\u4ebf\u7f8e\u5143\u3002\u5728\u624b\u8ba2\u53552,203\u4ebf\u7f8e\u5143\uff1b\u96c6\u56e2\u8ba2\u5355\u6536\u5165\u6bd46.8\u500d\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span>GAAP\u644a\u8584\u6bcf\u80a1\u76c8\u52294.49\u7f8e\u5143\uff0c\u53bb\u5e743.88\u7f8e\u5143\uff0c\u589e\u957f15.7%\uff1b\u8f834.13\u7f8e\u5143\u9884\u671f\u9ad80.36\u7f8e\u5143\u3002\u7ecf\u8425\u5229\u6da615.27\u4ebf\u7f8e\u5143\uff0c\u589e\u957f14.7%\uff1b\u7ecf\u8425\u5229\u6da6\u7387\u753110.3%\u5347\u81f310.5%\u3002\u6d77\u4e8b\u4e1a\u52a1\u5229\u6da6\u7387\u53d7\u60e0\u4e8e\u4e00\u6b21\u6027\u7d2f\u8ba1\u8ffd\u6eaf\u8c03\u6574\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span>\u516c\u53f8\u672a\u63d0\u4f9b\u72ec\u7acb\u7b2c\u56db\u5b63\u5ea6\u6536\u5165\u6216\u6bcf\u80a1\u76c8\u5229\u6307\u5f15\u3002\u7ba1\u7406\u5c42\u9884\u8ba1\u7b2c\u56db\u5b63\u5ea6\u8d44\u672c\u5f00\u652f\u660e\u663e\u589e\u52a0\u3002\u5c55\u671b\u672a\u6765\uff0c\u5254\u9664\u7b2c\u4e09\u5b63\u5ea6\u7d2f\u8ba1\u8ffd\u6eaf\u5229\u597d\uff0c\u6d77\u4e8b\u4e1a\u52a1\u57fa\u7840\u5229\u6da6\u7387\u5904\u4e8e7%\u81f38%\u4e4b\u95f4\u7684\u4e2d\u90e8\u6c34\u5e73\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>2026\u8d22\u5e74\u6307\u5f15\uff1a<\/span><\/b><span>\u644a\u8584\u6bcf\u80a1\u76c8\u5229\u753116.80\u81f316.90\u7f8e\u5143\u4e0a\u8c03\u81f317.20\u81f317.30\u7f8e\u5143\uff1b\u6536\u5165\u7531\u7ea6557\u4ebf\u7f8e\u5143\u4e0a\u8c03\u81f3565\u4ebf\u81f3568\u4ebf\u7f8e\u5143\u3002\u7ecf\u8425\u5229\u6da6\u7387\u7ef4\u6301\u7ea610.5%\uff1b\u81ea\u7531\u73b0\u91d1\u6d41\u7ea6\u4e3a\u51c0\u5229\u6da6105%\uff0c\u89c6\u9879\u76ee\u65f6\u70b9\u53ef\u80fd\u66f4\u9ad8\u3002\u8d44\u672c\u5f00\u652f\u7ef4\u6301\u9500\u552e\u989d3.5%\u81f34%\u30022027\u8d22\u5e74\u6307\u5f15\u8ba1\u5212\u4e8e1\u6708\u516c\u5e03\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u80a1\u606f\u4e0e\u56de\u8d2d\uff1a<\/span><\/b><span>\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a11.59\u7f8e\u5143\uff0c11\u670813\u65e5\u652f\u4ed8\uff0c\u767b\u8bb0\u65e510\u67089\u65e5\u3002\u7b2c\u4e09\u5b63\u5ea6\u80a1\u606f4.29\u4ebf\u7f8e\u5143\uff0c\u56de\u8d2d\u7ea62.85\u4ebf\u7f8e\u5143\u4ee5\u62b5\u6d88\u644a\u8584\u3002\u5b63\u5ea6\u7ecf\u8425\u73b0\u91d1\u6d4117\u4ebf\u7f8e\u5143\uff0c\u81ea\u7531\u73b0\u91d1\u6d41\u7ea612\u4ebf\u7f8e\u5143\uff1b\u507f\u8fd8\u503a\u52a15\u4ebf\u7f8e\u5143\u3002<\/span><span>&nbsp;<\/span><\/li><\/ul><ul><li><b><span>\u77ed\u8bc4\uff1a<\/span><\/b><span>\u901a\u7528\u52a8\u529b\u589e\u957f\u3001\u6307\u5f15\u4e0a\u8c03\u53ca\u5f3a\u52b2\u8ba2\u5355\u652f\u6301\u6b63\u9762\u524d\u666f\u3002\u6e7e\u6d41\u9700\u6c42\u62d3\u5bbd\u76c8\u5229\u6765\u6e90\uff0c\u6f5c\u8247\u5408\u7ea6\u5219\u5ef6\u957f\u6d77\u4e8b\u4e1a\u52a1\u5de5\u4f5c\u91cf\u3002\u5728\u624b\u8ba2\u5355\u63d0\u4f9b\u80fd\u89c1\u5ea6\uff0c\u4f46\u5176\u4e2d1,085\u4ebf\u7f8e\u5143\u5c1a\u672a\u83b7\u62e8\u6b3e\uff0c\u4ecd\u4f9d\u8d56\u62e8\u6b3e\uff0c\u5e76\u987b\u591a\u5e74\u8f6c\u5316\u4e3a\u6536\u5165\u3002\u56e0\u6b64\uff0c\u8239\u5382\u4ea7\u80fd\u3001\u52b3\u52a8\u751f\u4ea7\u7387\u53ca\u4f9b\u5e94\u5546\uff0c\u8f83\u8868\u9762\u8ba2\u5355\u989d\u66f4\u91cd\u8981\u3002\u76c8\u5229\u8d28\u91cf\u6574\u4f53\u79ef\u6781\uff0c\u4f46\u5e76\u4e0d\u5747\u8861\uff1a\u6d77\u4e8b\u5229\u6da6\u7387\u5305\u62ec\u7d2f\u8ba1\u8ffd\u6eaf\u8c03\u6574\uff0c\u7ba1\u7406\u5c42\u6307\u51fa\u57fa\u7840\u6c34\u5e73\u8f83\u4f4e\u3002\u822a\u7a7a\u4e1a\u52a1\u6539\u5584\uff0c\u800c\u4f5c\u6218\u7cfb\u7edf\u53ca\u6280\u672f\u4e1a\u52a1\u7ed3\u6784\u538b\u529b\u9650\u5236\u96c6\u56e2\u5229\u6da6\u7387\u3002\u5229\u606f\u8d39\u7528\u4e0b\u964d\u4ea6\u652f\u6301\u5229\u6da6\u3002\u5f3a\u52b2\u73b0\u91d1\u6d41\u652f\u6301\u80a1\u606f\u53ca\u6295\u8d44\uff0c\u4f46\u8425\u8fd0\u8d44\u91d1\u6539\u5584\u65e0\u6cd5\u65e0\u9650\u91cd\u590d\u3002\u7b2c\u56db\u5b63\u5ea6\u8ba1\u5212\u5f00\u652f\u5c06\u6d88\u8017\u73b0\u91d1\uff0c\u5ef6\u8bef\u5219\u53ef\u80fd\u628a\u652f\u51fa\u63a8\u8fdf\u81f32027\u5e74\u3002\u80a1\u4ef7\u4e8e10\u670830\u65e5\u6536\u62a5372.59\u7f8e\u5143\uff0c\u4e0a\u6da80.48%\u3002\u4f30\u503c\u5df2\u53cd\u6620\u8ba2\u5355\u987b\u987a\u5229\u6267\u884c\uff0c\u5bf9\u6210\u672c\u8d85\u652f\u7684\u5bb9\u5fcd\u5ea6\u6709\u9650\u3002\u5e94\u5173\u6ce8\u5df2\u62e8\u6b3e\u8ba2\u5355\u3001\u6f5c\u8247\u751f\u4ea7\u7387\u3001\u6e7e\u6d41\u4ea4\u4ed8\u3001\u5229\u6da6\u7387\u53ca\u8d44\u672c\u9879\u76ee\u3002\u4ea7\u91cf\u589e\u957f\u540c\u65f6\u7ef4\u6301\u73b0\u91d1\u521b\u9020\uff0c\u5c06\u5f3a\u5316\u524d\u666f\uff1b\u6301\u7eed\u6210\u672c\u4e0a\u6da8\u5219\u4f1a\u524a\u5f31\u89c2\u70b9\u3002<\/span><b><span> 2026\u5e74\u7b2c\u56db\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a350\u2013415\u7f8e\u5143\u3002\u6b63\u9762\u524d\u666f<\/span><\/b><span>\u3002<\/span><span>&nbsp;<\/span><\/li><\/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 CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the 5dEMA with rising volume. MACD [&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-96554","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.5 - aioseo.com -->\n\t<meta name=\"description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the\" \/>\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) 5.0.5\" \/>\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: 2 November 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the\" \/>\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=\"2026-11-02T00:00:02+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-11-02T03:51:33+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: 2 November 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the\" \/>\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-2-november-2026\\\/#blogposting\",\"name\":\"Technical Analysis: 2 November 2026 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis: 2 November 2026\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2026\\\/11\\\/TA_2Nov_CIT_SP.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#articleImage\"},\"datePublished\":\"2026-11-02T08:00:02+08:00\",\"dateModified\":\"2026-11-02T11:51:33+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#webpage\"},\"articleSection\":\"Technical Analysis\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"position\":2,\"name\":\"Technical Analysis\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#listItem\",\"name\":\"Technical Analysis: 2 November 2026\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#listItem\",\"position\":3,\"name\":\"Technical Analysis: 2 November 2026\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth 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-2-november-2026\\\/#organizationLogo\",\"width\":1080,\"height\":1080},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-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 Tan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Enya Tan\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/\",\"name\":\"Technical Analysis: 2 November 2026 \\u2022 KGI Singapore Research\",\"description\":\"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \\u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-2-november-2026\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"datePublished\":\"2026-11-02T08:00:02+08:00\",\"dateModified\":\"2026-11-02T11:51:33+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Technical Analysis: 2 November 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the","canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-25-september-2026\/","robots":"max-image-preview:large","keywords":"technical analysis","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#blogposting","name":"Technical Analysis: 2 November 2026 \u2022 KGI Singapore Research","headline":"Technical Analysis: 2 November 2026","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/11\/TA_2Nov_CIT_SP.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#articleImage"},"datePublished":"2026-11-02T08:00:02+08:00","dateModified":"2026-11-02T11:51:33+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#webpage"},"articleSection":"Technical Analysis"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","position":2,"name":"Technical Analysis","item":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#listItem","name":"Technical Analysis: 2 November 2026"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#listItem","position":3,"name":"Technical Analysis: 2 November 2026","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth 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-2-november-2026\/#organizationLogo","width":1080,"height":1080},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-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 Tan","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g","width":96,"height":96,"caption":"Enya Tan"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/","name":"Technical Analysis: 2 November 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-2-november-2026\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"datePublished":"2026-11-02T08:00:02+08:00","dateModified":"2026-11-02T11:51:33+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"Technical Analysis: 2 November 2026 \u2022 KGI Singapore Research","og:description":"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the","og:url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-25-september-2026\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2026-11-02T00:00:02+00:00","article:modified_time":"2026-11-02T03:51:33+00:00","article:publisher":"https:\/\/www.facebook.com\/KGIAsiaSingapore\/","twitter:card":"summary","twitter:title":"Technical Analysis: 2 November 2026 \u2022 KGI Singapore Research","twitter:description":"TECHNICAL ANALYSIS Technical Analysis: 2 November 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore CIT SP City Developments Ltd Shares closed above the 20dEMA with rising volume. RSI is constructive and MACD is about to turn positive. Long \u2013 Entry 7.2, Target 7.7, Stop 7.0 HPL SP Hotel Properties Limited Shares closed at the","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"96554","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-25-september-2026\/","og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-11-02 01:25:50","updated":"2026-11-02 03:51:34","seo_analyzer_scan_date":null,"focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/96554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=96554"}],"version-history":[{"count":6,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/96554\/revisions"}],"predecessor-version":[{"id":96595,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/96554\/revisions\/96595"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=96554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=96554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=96554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}