{"id":87849,"date":"2026-04-16T08:18:06","date_gmt":"2026-04-16T00:18:06","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=87849"},"modified":"2026-04-16T08:18:06","modified_gmt":"2026-04-16T00:18:06","slug":"technical-analysis-16-april-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/researchstg\/technical-analysis-16-april-2026\/","title":{"rendered":"Technical Analysis &#8211; 16 April 2026"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><strong><a href=\"\/researchstg\/#us\">United States<\/a> | <a href=\"\/researchstg\/#sg\">Singapore<\/a> | <a href=\"\/researchstg\/#hk\">Hong Kong<\/a> | <a href=\"\/researchstg\/#ea\" title=\"\">Earnings<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-76998-_5ifytjpamge8\"><\/a><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77026\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Unusual Machines, Inc\u00a0(UMAC\u00a0US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-251.png\" alt=\"\" class=\"wp-image-87871\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-251.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-251-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-251-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0on\u00a0the 5dEMA\u00a0with rising volume.\u00a0<\/li>\n\n\n\n<li>RSI is constructive and MACD is about to turn positive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a015,\u00a0Target\u00a019,\u00a0Stop\u00a013<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87138\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-9-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Mercury Systems\u00a0Inc.\u00a0(MRCY\u00a0US)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"540\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-252.png\" alt=\"\" class=\"wp-image-87872\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-252.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-252-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-252-768x459.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0above the\u00a05dEMA\u00a0with rising volume.\u00a0<\/li>\n\n\n\n<li>RSI is\u00a0constructive\u00a0and\u00a0MACD is\u00a0about to turn\u00a0positive.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a084,\u00a0Target\u00a0100,\u00a0Stop\u00a076<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png\" alt=\"\" class=\"wp-image-87140\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87084-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-86958-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png\" class=\"wp-image-87044\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Hong Leong Asia Ltd. (HLA\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"534\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-247.png\" alt=\"\" class=\"wp-image-87865\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-247.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-247-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-247-768x454.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a one-month high above the 5dEMA with rising volume.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a03.23,\u00a0Target\u00a03.45,\u00a0Stop\u00a03.12<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Banyan Tree Holdings Limited (BTH\u00a0SP)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"534\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-248.png\" alt=\"\" class=\"wp-image-87866\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-248.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-248-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-248-768x454.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA with rising volume. The 10dEMA crossed the 20dEMA.\u00a0\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Buy\u00a0\u2013 Entry\u00a00.61,\u00a0Target\u00a00.65,\u00a0Stop\u00a00.59<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png\" alt=\"\" class=\"wp-image-87161\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-87147-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-87162\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-87147-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\">Standard Chartered PLC (2888\u00a0HK)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"534\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-249.png\" alt=\"\" class=\"wp-image-87867\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-249.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-249-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-249-768x454.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed\u00a0at a one-month high above the 5dEMA with rising volume.\u00a0The 10dEMA crossed the 100dEMA.\u00a0<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.\u00a0<\/li>\n\n\n\n<li><strong>Long\u00a0<\/strong>\u2013\u00a0<strong>Entry\u00a0186,\u00a0Target\u00a0200,\u00a0Stop\u00a0179<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-87159\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/a-line-in-a-white-background-description-automati-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Agricultural Bank of China Limited\u00a0(1288\u00a0HK)\u00a0<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"903\" height=\"534\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-250.png\" alt=\"\" class=\"wp-image-87868\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-250.png 903w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-250-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/04\/image-250-768x454.png 768w\" sizes=\"(max-width: 903px) 100vw, 903px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares\u00a0closed at a high since November 2025, above the 5dEMA.\u00a0<\/li>\n\n\n\n<li>MACD is constructive, while RSI is at an overbought level.\u00a0<\/li>\n\n\n\n<li><strong>Long \u2013 Entry\u00a05.90,\u00a0Target\u00a06.40, Stop\u00a05.65<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"\/researchstg\/#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png\" alt=\"\" class=\"wp-image-87053\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-14-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"er\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png\" alt=\"\" class=\"wp-image-87054\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15.png 601w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/03\/word-image-86958-15-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ASML Holding N.V. (ASML)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>\u202f\u20ac8.77B,\u00a0+13.3% YoY,\u00a0beat estimates by\u202f\u20ac110M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0\u20ac7.15,\u00a0beat\u00a0estimates by\u00a0\u20ac0.54\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26\u00a0Guidance:<\/strong>\u00a0Raised FY26 revenue outlook to \u20ac36B to \u20ac40B from \u20ac34B to \u20ac39B previously, with gross margin guidance of 51% to 53%.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong on both headline revenue and profitability. Total net sales reached \u20ac8.8B, gross margin was 53.0%, and net income was \u20ac2.8B. This was a clean operational beat and supports the view that ASML\u00a0remains\u00a0one of the clearest infrastructure beneficiaries of AI-related semiconductor capex. The most important takeaway was not the quarter itself, but the raised full-year outlook. Management lifted FY26 revenue guidance despite export control uncertainty, which\u00a0indicates\u00a0that demand from leading-edge foundry and memory customers\u00a0remains\u00a0strong enough to absorb policy friction.\u00a0Demand for chips is currently outstripping supply, prompting customers to accelerate expansion plans. AI\u00a0remains\u00a0the core demand engine. ASML is effectively the bottleneck supplier for EUV lithography, which means continued investment by TSMC, Samsung, Intel, and memory players feeds directly into its order visibility. The company expects to ship 60 low-NA EUV systems in 2026, up about 25% from 2025, with a further increase implied for 2027. That provides unusually strong medium-term volume support for a capital equipment name. The principal risk\u00a0remains\u00a0China and broader export policy. ASML expects about 20% of 2026 sales to come from China, down from\u00a0roughly one-third\u00a0in 2025, and further U.S. restrictions\u00a0remain\u00a0an overhang. That said, management\u2019s decision to raise guidance suggests it believes non-China demand can absorb at least part of any policy-related shortfall. A secondary caution is expectations. ASML entered the print after a sharp rally, and expectations around AI capex were already elevated. That matters because for a stock at this quality and valuation level, even a strong beat-and-raise can fail to drive immediate upside if investors were already positioned for it. U.S.-listed\u00a0ASML\u00a0shares fell 6.2% later as investors judged that the strong outlook was already priced\u00a0in.\u00a0\u00a0Fundamentally, this was\u00a0a very good\u00a0quarter. Revenue beat, margins were strong, guidance was raised, and the AI capex cycle\u00a0remains\u00a0supportive. The key variables from here are whether AI demand continues to offset China policy risk, whether supply chain constraints limit upside conversion, and whether valuation caps near-term\u00a0rerating.\u00a0<strong>2Q26\u00a0recommended trading range: $1300\u00a0to $1800.\u00a0Positive\u00a0Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>ASML Holding N.V.\uff08ASML)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>87.7\u4ebf\u6b27\u5143\uff0c\u540c\u6bd4\u589e\u957f13.3%\uff0c\u8d85\u51fa\u9884\u671f1.1\u4ebf\u6b27\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>7.15\u6b27\u5143\uff0c\u8d85\u51fa\u9884\u671f0.54\u6b27\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/strong>\u4e0a\u8c03\u5168\u5e74\u8425\u6536\u9884\u671f\u81f3360\u2013400\u4ebf\u6b27\u5143\uff08\u6b64\u524d\u4e3a340\u2013390\u4ebf\u6b27\u5143\uff09\uff1b\u6bdb\u5229\u7387\u6307\u5f15\u7ef4\u6301\u572851%\u201353%\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u5728\u9876\u5c42\u6536\u5165\u4e0e\u76c8\u5229\u80fd\u529b\u4e0a\u5747\u8868\u73b0\u5f3a\u52b2\u3002\u603b\u51c0\u9500\u552e\u989d\u8fbe88\u4ebf\u6b27\u5143\uff0c\u6bdb\u5229\u738753.0%\uff0c\u51c0\u5229\u6da628\u4ebf\u6b27\u5143\uff0c\u662f\u4e00\u6b21\u6e05\u6670\u7684\u8fd0\u8425\u8d85\u9884\u671f\uff0c\u8fdb\u4e00\u6b65\u5de9\u56faASML\u4f5c\u4e3aAI\u9a71\u52a8\u534a\u5bfc\u4f53\u8d44\u672c\u652f\u51fa\u6838\u5fc3\u57fa\u7840\u8bbe\u65bd\u53d7\u76ca\u8005\u7684\u5730\u4f4d\u3002\u6700\u5927\u4eae\u70b9\u5e76\u975e\u5f53\u5b63\u8868\u73b0\uff0c\u800c\u662f\u5168\u5e74\u6307\u5f15\u4e0a\u8c03\u2014\u2014\u5c3d\u7ba1\u9762\u4e34\u5bf9\u534e\u51fa\u53e3\u7ba1\u5236\u4e0d\u786e\u5b9a\u6027\uff0c\u7ba1\u7406\u5c42\u4ecd\u63d0\u5347FY26\u8425\u6536\u76ee\u6807\uff0c\u8868\u660e\u6765\u81ea\u5148\u8fdb\u5236\u7a0b\u6676\u5706\u5382\uff08\u5982\u53f0\u79ef\u7535\u3001\u4e09\u661f\u3001\u82f1\u7279\u5c14\uff09\u53ca\u5b58\u50a8\u5382\u5546\u7684\u9700\u6c42\u8db3\u591f\u5f3a\u52b2\uff0c\u8db3\u4ee5\u5438\u6536\u653f\u7b56\u6469\u64e6\u5e26\u6765\u7684\u6270\u52a8\u3002\u5f53\u524d\u82af\u7247\u9700\u6c42\u6301\u7eed\u8d85\u8fc7\u4f9b\u7ed9\uff0c\u5ba2\u6237\u6b63\u52a0\u901f\u6269\u4ea7\uff0c\u800cASML\u4f5c\u4e3a\u6781\u7d2b\u5916\u5149\u523b\uff08EUV\uff09\uff0c\u5b9e\u8d28\u4e0a\u6784\u6210\u4ea7\u80fd\u6269\u5f20\u74f6\u9888\u3002\u516c\u53f8\u9884\u8ba12026\u5e74\u5c06\u4ea4\u4ed860\u53f0\u4f4e\u6570\u503c\u5b54\u5f84\uff08low-NA\uff09EUV\u7cfb\u7edf\uff0c\u8f832025\u5e74\u589e\u957f\u7ea625%\uff0c\u5e76\u6697\u793a2027\u5e74\u5c06\u8fdb\u4e00\u6b65\u589e\u52a0\uff0c\u4e3a\u8fd9\u5bb6\u8bbe\u5907\u5546\u63d0\u4f9b\u7f55\u89c1\u7684\u4e2d\u671f\u51fa\u8d27\u91cf\u53ef\u89c1\u6027\u3002\u4e3b\u8981\u98ce\u9669\u4ecd\u6765\u81ea\u4e2d\u56fd\u53ca\u51fa\u53e3\u7ba1\u5236\u653f\u7b56\uff1aASML\u9884\u8ba12026\u5e74\u6765\u81ea\u4e2d\u56fd\u7684\u9500\u552e\u989d\u5360\u6bd4\u5c06\u964d\u81f3\u7ea620%\uff082025\u5e74\u7ea6\u4e3a\u4e09\u5206\u4e4b\u4e00\uff09\uff0c\u82e5\u7f8e\u56fd\u8fdb\u4e00\u6b65\u6536\u7d27\u9650\u5236\uff0c\u4ecd\u5c06\u6784\u6210\u538b\u529b\u3002\u4f46\u6307\u5f15\u4e0a\u8c03\u672c\u8eab\u8868\u660e\uff0c\u7ba1\u7406\u5c42\u76f8\u4fe1\u975e\u4e2d\u56fd\u5e02\u573a\u53ef\u90e8\u5206\u62b5\u6d88\u653f\u7b56\u76f8\u5173\u7f3a\u53e3\u3002\u6b21\u8981\u8c28\u614e\u70b9\u5728\u4e8e\u5e02\u573a\u9884\u671f\u5df2\u9ad8\uff1a\u8d22\u62a5\u524d\u80a1\u4ef7\u7ecf\u5386\u5927\u5e45\u4e0a\u6da8\uff0cAI\u8d44\u672c\u652f\u51fa\u4e50\u89c2\u60c5\u7eea\u5df2\u5145\u5206\u5b9a\u4ef7\uff0c\u56e0\u6b64\u5373\u4fbf\u201c\u8d85\u9884\u671f+\u4e0a\u8c03\u6307\u5f15\u201d\uff0c\u4ea6\u672a\u80fd\u89e6\u53d1\u5373\u65f6\u4e0a\u6da8\u2014\u2014\u7f8e\u80a1\u4e0a\u5e02ASML\u80a1\u4ef7\u76d8\u540e\u4e0b\u8dcc6.2%\uff0c\u53cd\u6620\u6295\u8d44\u8005\u8ba4\u4e3a\u5229\u597d\u5df2\u5151\u73b0\u3002\u57fa\u672c\u9762\u89d2\u5ea6\uff0c\u672c\u5b63\u6781\u4e3a\u624e\u5b9e\uff1a\u6536\u5165\u8d85\u9884\u671f\u3001\u5229\u6da6\u7387\u5f3a\u52b2\u3001\u6307\u5f15\u4e0a\u8c03\u3001AI\u5468\u671f\u6301\u7eed\u652f\u6491\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09AI\u76f8\u5173\u9700\u6c42\u80fd\u5426\u6301\u7eed\u5bf9\u51b2\u4e2d\u56fd\u653f\u7b56\u98ce\u9669\uff1b\uff082\uff09\u4f9b\u5e94\u94fe\u662f\u5426\u5236\u7ea6\u8ba2\u5355\u5411\u6536\u5165\u7684\u8f6c\u5316\uff1b\uff083\uff09\u5f53\u524d\u9ad8\u4f30\u503c\u662f\u5426\u9650\u5236\u77ed\u671f\u91cd\u4f30\u7a7a\u95f4\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a1300\u7f8e\u5143\u81f31800\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Morgan Stanley (MS)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$20.58B,\u00a0+16.0% YoY, beat estimates by\u00a0$820M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Non-GAAP\u00a0EPS<\/strong>:\u00a0$3.43,\u00a0beat estimates by $0.41\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Management emphasized strong operating momentum across the integrated firm, particularly in Institutional Securities and Wealth Management.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend\/Share Buybacks:\u00a0<\/strong>The board declared a quarterly dividend of $1.00 per share. Morgan Stanley repurchased $1.75B of common stock in 1Q26.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong across the franchise. Net revenues reached a record $20.6B, net income applicable to Morgan Stanley was $5.6B, and ROTCE was 27.1%. The expense efficiency ratio improved to 65% from 68% a year ago,\u00a0indicating\u00a0meaningful operating leverage even as the firm continued investing in its businesses. Institutional Securities was the main driver. Segment revenue rose to a record $10.7B from $9.0B a year ago. Investment Banking revenue increased 36% to $2.12B, with advisory nearly doubling to $978M, while Equity revenue rose 25% to a record $5.15B and Fixed Income increased 29% to $3.36B. This was a clean read-through that client activity, volatility, and M&A execution all worked in Morgan Stanley\u2019s\u00a0favor\u00a0during the quarter. Wealth Management was also notably strong. Revenue reached a record $8.52B, with a 30.4% pre-tax margin, $118.4B of net new assets, and $53.7B of fee-based asset flows. Net interest income in Wealth Management rose to $2.17B from $1.90B a year ago, supported by lending growth and higher average sweep deposits. This matters because it reinforces the durability of Morgan Stanley\u2019s earnings mix beyond capital markets.\u00a0Investment Management was the only softer area. Revenue fell 4% to $1.54B as lower performance-based income and other revenues more than offset higher asset management fees on stronger average AUM. That is not a thesis breaker, but it does show that not every part of the platform is firing equally at present. Credit and capital were both sound. Provision for credit losses was only $98M at the firm level, although Institutional Securities did note certain commercial real estate loan assessments and higher macro uncertainty. Standardized CET1 stood at 15.1%, leaving capital return capacity intact. Shares rose after the release as investors responded to record trading revenue, stronger dealmaking, and another strong Wealth Management quarter. The print was high quality. The firm delivered broad-based strength across advisory, equities, fixed income, and wealth, while still showing discipline on efficiency and capital return. The principal variables to monitor are whether capital markets activity\u00a0remains\u00a0elevated into 2Q26, whether Wealth Management margins can stay around current levels, and whether commercial real estate-related credit costs\u00a0remain\u00a0contained.\u00a0<strong>2Q26 recommended trading range: $170 to $230. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6469\u6839\u58eb\u4e39\u5229\uff08MS)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>205.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f16.0%\uff0c\u8d85\u51fa\u9884\u671f8.2\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>3.43\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.41\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5c55\u671b\uff1a<\/strong>\u7ba1\u7406\u5c42\u5f3a\u8c03\u5168\u516c\u53f8\u8fd0\u8425\u52a8\u80fd\u5f3a\u52b2\uff0c\u5c24\u5176\u5728\u673a\u6784\u8bc1\u5238\uff08Institutional Securities\uff09\u4e0e\u8d22\u5bcc\u7ba1\u7406\uff08Wealth Management\uff09\u4e1a\u52a1\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u8463\u4e8b\u4f1a\u5ba3\u5e03\u5b63\u5ea6\u80a1\u606f\u6bcf\u80a11.00\u7f8e\u5143\uff1b\u7b2c\u4e00\u5b63\u5ea6\u56de\u8d2d17.5\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u4e3a\u5168\u5e73\u53f0\u5f3a\u52bf\u8868\u73b0\u3002\u603b\u8425\u6536\u521b\u7eaa\u5f55\u8fbe206\u4ebf\u7f8e\u5143\uff0c\u5f52\u5c5e\u4e8e\u6469\u6839\u58eb\u4e39\u5229\u7684\u51c0\u5229\u6da656\u4ebf\u7f8e\u5143\uff0c\u6709\u5f62\u666e\u901a\u80a1\u6743\u76ca\u56de\u62a5\u7387\uff08ROTCE\uff09\u9ad8\u8fbe27.1%\uff1b\u8d39\u7528\u6548\u7387\u6bd4\u7387\u4ece\u53bb\u5e74\u540c\u671f68%\u6539\u5584\u81f365%\uff0c\u663e\u793a\u5728\u6301\u7eed\u6295\u8d44\u7684\u540c\u65f6\u4ecd\u5b9e\u73b0\u663e\u8457\u8fd0\u8425\u6760\u6746\u3002\u673a\u6784\u8bc1\u5238\u4e1a\u52a1\u4e3a\u6838\u5fc3\u9a71\u52a8\u529b\uff1a\u677f\u5757\u8425\u6536\u521b\u7eaa\u5f55\u8fbe107\u4ebf\u7f8e\u5143\uff08\u53bb\u5e74\u540c\u671f90\u4ebf\uff09\uff0c\u5176\u4e2d\u6295\u884c\u4e1a\u52a1\u6536\u5165\u5927\u589e36%\u81f321.2\u4ebf\u7f8e\u5143\u2014\u2014\u987e\u95ee\u6536\u5165\u8fd1\u4e4e\u7ffb\u500d\u81f39.78\u4ebf\u7f8e\u5143\uff1b\u80a1\u7968\u4e1a\u52a1\u6536\u5165\u589e\u957f25%\u81f3\u521b\u7eaa\u5f5551.5\u4ebf\u7f8e\u5143\uff1b\u56fa\u6536\u4e1a\u52a1\u589e\u957f29%\u81f333.6\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u5ba2\u6237\u4ea4\u6613\u6d3b\u8dc3\u3001\u5e02\u573a\u6ce2\u52a8\u53ca\u5e76\u8d2d\u6267\u884c\u5168\u9762\u5229\u597d\u3002\u8d22\u5bcc\u7ba1\u7406\u540c\u6837\u4eae\u773c\uff1a\u8425\u6536\u8fbe\u521b\u7eaa\u5f5585.2\u4ebf\u7f8e\u5143\uff0c\u7a0e\u524d\u5229\u6da6\u738730.4%\uff1b\u51c0\u65b0\u589e\u8d44\u4ea71184\u4ebf\u7f8e\u5143\uff0c\u57fa\u4e8e\u6536\u8d39\u7684\u8d44\u4ea7\u6d41\u5165537\u4ebf\u7f8e\u5143\uff1b\u51c0\u5229\u606f\u6536\u5165\u4ece19\u4ebf\u7f8e\u5143\u589e\u81f321.7\u4ebf\u7f8e\u5143\uff0c\u53d7\u76ca\u4e8e\u8d37\u6b3e\u589e\u957f\u53ca\u66f4\u9ad8\u7684\u5e73\u5747\u626b\u6b3e\u5b58\u6b3e\uff08sweep deposits\uff09\uff0c\u5f3a\u5316\u4e86\u5176\u4f5c\u4e3a\u975e\u8d44\u672c\u5e02\u573a\u4f9d\u8d56\u578b\u76c8\u5229\u652f\u67f1\u7684\u5730\u4f4d\u3002\u6295\u8d44\u7ba1\u7406\u4e3a\u552f\u4e00\u75b2\u8f6f\u677f\u5757\uff1a\u8425\u6536\u4e0b\u964d4%\u81f315.4\u4ebf\u7f8e\u5143\uff0c\u4e3b\u56e0\u4e1a\u7ee9\u62a5\u916c\u53ca\u5176\u4ed6\u6536\u5165\u51cf\u5c11\uff0c\u5c3d\u7ba1\u8d44\u4ea7\u7ba1\u7406\u8d39\u56e0AUM\u4e0a\u5347\u800c\u589e\u957f\u2014\u2014\u6b64\u5c5e\u6b63\u5e38\u6ce2\u52a8\uff0c\u4e0d\u635f\u6574\u4f53\u903b\u8f91\u3002\u4fe1\u7528\u4e0e\u8d44\u672c\u72b6\u51b5\u7a33\u5065\uff1a\u5168\u516c\u53f8\u4fe1\u8d37\u635f\u5931\u62e8\u5907\u4ec59800\u4e07\u7f8e\u5143\uff1b\u867d\u673a\u6784\u8bc1\u5238\u63d0\u53ca\u5546\u4e1a\u5730\u4ea7\u8d37\u6b3e\u8bc4\u4f30\u8d8b\u4e25\u53ca\u5b8f\u89c2\u4e0d\u786e\u5b9a\u6027\u4e0a\u5347\uff0c\u4f46\u6807\u51c6\u5316CET1\u8d44\u672c\u6bd4\u7387\u9ad8\u8fbe15.1%\uff0c\u652f\u6301\u6301\u7eed\u8d44\u672c\u8fd4\u8fd8\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0a\u6da8\uff0c\u6295\u8d44\u8005\u8ba4\u53ef\u521b\u7eaa\u5f55\u7684\u4ea4\u6613\u6536\u5165\u3001\u5f3a\u52b2\u5e76\u8d2d\u8868\u73b0\u53ca\u8d22\u5bcc\u7ba1\u7406\u6301\u7eed\u9ad8\u8d28\u589e\u957f\u3002\u672c\u5b63\u8d28\u91cf\u6781\u9ad8\uff1a\u987e\u95ee\u3001\u80a1\u7968\u3001\u56fa\u6536\u3001\u8d22\u5bcc\u5168\u9762\u53d1\u529b\uff0c\u540c\u65f6\u4fdd\u6301\u6210\u672c\u7eaa\u5f8b\u4e0e\u8d44\u672c\u56de\u9988\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u8d44\u672c\u5e02\u573a\u6d3b\u52a8\u80fd\u5426\u5728Q2\u7ef4\u6301\u9ad8\u4f4d\uff1b\uff082\uff09\u8d22\u5bcc\u7ba1\u7406\u5229\u6da6\u7387\u80fd\u5426\u7a33\u5b9a\u572830%\u5de6\u53f3\uff1b\uff083\uff09\u5546\u4e1a\u5730\u4ea7\u76f8\u5173\u4fe1\u7528\u6210\u672c\u662f\u5426\u53ef\u63a7\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a170\u7f8e\u5143\u81f3230\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bank of America Corporation (BAC)<\/strong>\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0Revenue:\u00a0<\/strong>$30.3B,\u00a0+7.2% YoY, beat estimates by $350M\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q26\u00a0GAAP\u00a0EPS<\/strong>:\u00a0$1.11,\u00a0beat estimates by $0.09\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q<\/strong><strong>26 Guidance:<\/strong>\u00a0Management commentary highlighted continued business momentum, while third-party transcript reporting\u00a0indicated\u00a0a higher full-year 2026 NII growth outlook of 6% to 8%.\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Dividend\/Share Buybacks:\u00a0<\/strong>The bank returned about $9.3B to shareholders in 1Q26, including\u00a0roughly $2.0B in common dividends and $7.2B in share repurchases.\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Comment:\u00a0<\/strong>The quarter was strong and broadly supported by both spread income and markets activity. Bank of America reported $30.3B of revenue, $8.6B of net income, and a 16.0% return on tangible common equity. This was a clear beat\u00a0relative\u00a0to expectations and confirms that the franchise entered 2026 with solid momentum. Net interest income\u00a0remained\u00a0a core positive. NII rose 9% YoY to $15.7B, which is important because it suggests the earnings beat was not solely driven by trading volatility. Consumer activity\u00a0also remained healthy, with debit and credit card spending up 7%, supporting the view that the U.S. consumer has not rolled over meaningfully. Markets and investment banking were also strong. Sales and trading revenue increased 13% to $6.4B, with equities revenue up 30% and investment banking fees up 21%. That combination\u00a0indicates\u00a0Bank of America\u00a0benefited\u00a0from elevated client activity, while also\u00a0participating\u00a0in the broader rebound in advisory and underwriting conditions. The underlying operating backdrop appears healthy across the balance sheet as well.\u00a0Consumer banking revenue grew 5%, supported by growth in deposits and loans, while credit quality remained solid with a 0.48% net charge-off ratio.\u00a0There are also\u00a0no reported losses on the bank\u2019s $20B private credit exposure, which reduces one area of investor concern. The main limitation is that some of the upside was clearly tied to a volatility-rich trading environment. That is\u00a0favorable\u00a0for the reported quarter, but less durable than a clean multi-quarter acceleration in core banking earnings. In addition, the stock had already recovered into the print, so the hurdle for a further rerating is now\u00a0somewhat higher. Shares rose after the release of about 1.6% and a same-day move of\u00a0roughly 2%\u00a0to 3% as investors responded to the beat and strong equities trading result. The read-through is constructive. BAC delivered a good mix of NII resilience, healthy consumer trends, strong trading, improving investment banking fees, and aggressive capital return. The key variables to monitor are whether NII momentum can remain intact if rates shift, whether consumer credit stays benign, and whether investment banking continues improving even if market volatility fades.\u00a0<strong>2Q26 recommended trading range: $48\u00a0to $65. Neutral Outlook.<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u7f8e\u56fd\u94f6\u884c\uff08BAC)\u00a0<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u8425\u6536\uff1a<\/strong>303\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f7.2%\uff0c\u8d85\u51fa\u9884\u671f3.5\u4ebf\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.11\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.09\u7f8e\u5143\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5c55\u671b\uff1a<\/strong>\u7ba1\u7406\u5c42\u5f3a\u8c03\u4e1a\u52a1\u52a8\u80fd\u6301\u7eed\uff1b\u7b2c\u4e09\u65b9\u7eaa\u8981\u663e\u793a\uff0c\u516c\u53f8\u4e0a\u8c032026\u5e74\u5168\u5e74\u51c0\u5229\u606f\u6536\u5165\uff08NII\uff09\u589e\u957f\u9884\u671f\u81f36%\u20138%\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u80a1\u606f\u4e0e\u8d44\u672c\u8fd4\u8fd8\uff1a<\/strong>\u7b2c\u4e00\u5b63\u5ea6\u5411\u80a1\u4e1c\u8fd4\u8fd893\u4ebf\u7f8e\u5143\uff0c\u5305\u62ec\u7ea620\u4ebf\u7f8e\u5143\u666e\u901a\u80a1\u80a1\u606f\u53ca72\u4ebf\u7f8e\u5143\u80a1\u7968\u56de\u8d2d\u00a0<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>\u672c\u5b63\u5ea6\u8868\u73b0\u5f3a\u52b2\uff0c\u5229\u5dee\u6536\u5165\u4e0e\u5e02\u573a\u4e1a\u52a1\u53cc\u8f6e\u9a71\u52a8\u3002\u603b\u8425\u6536303\u4ebf\u7f8e\u5143\uff0c\u51c0\u5229\u6da686\u4ebf\u7f8e\u5143\uff0c\u6709\u5f62\u666e\u901a\u80a1\u6743\u76ca\u56de\u62a5\u7387\uff08ROTCE\uff09\u8fbe16.0%\uff0c\u663e\u8457\u8d85\u9884\u671f\uff0c\u786e\u8ba4\u516c\u53f8\u8fdb\u51652026\u5e74\u5177\u5907\u575a\u5b9e\u52a8\u80fd\u3002\u51c0\u5229\u606f\u6536\u5165\uff08NII\uff09\uff1a\u540c\u6bd4\u589e\u957f9%\u81f3157\u4ebf\u7f8e\u5143\uff0c\u8868\u660e\u76c8\u5229\u589e\u957f\u4e0d\u4ec5\u4f9d\u8d56\u4ea4\u6613\u6ce2\u52a8\uff0c\u66f4\u5177\u57fa\u7840\u97e7\u6027\u3002\u6d88\u8d39\u8005\u6d3b\u52a8\u4fdd\u6301\u5065\u5eb7\uff1a\u501f\u8bb0\u5361\u4e0e\u4fe1\u7528\u5361\u652f\u51fa\u540c\u6bd4\u589e\u957f7%\uff0c\u652f\u6301\u201c\u7f8e\u56fd\u6d88\u8d39\u8005\u5c1a\u672a\u663e\u8457\u75b2\u8f6f\u201d\u7684\u5224\u65ad\u3002\u5e02\u573a\u4e0e\u6295\u884c\u4e1a\u52a1\u540c\u6837\u4eae\u773c\uff1a\u9500\u552e\u4e0e\u4ea4\u6613\u6536\u5165\u589e\u957f13%\u81f364\u4ebf\u7f8e\u5143\uff0c\u5176\u4e2d\u80a1\u7968\u4e1a\u52a1\u6fc0\u589e30%\uff1b\u6295\u884c\u4e1a\u52a1\u8d39\u7528\u6536\u5165\u4e0a\u534721%\uff0c\u53cd\u6620\u516c\u53f8\u5728\u5ba2\u6237\u6d3b\u8dc3\u5ea6\u63d0\u5347\u53ca\u5e76\u8d2d\/\u627f\u9500\u73af\u5883\u56de\u6696\u4e2d\u5145\u5206\u53d7\u76ca\u3002\u8d44\u4ea7\u8d1f\u503a\u8868\u6574\u4f53\u7a33\u5065\uff1a\u6d88\u8d39\u8005\u94f6\u884c\u4e1a\u52a1\u6536\u5165\u589e\u957f5%\uff0c\u5b58\u6b3e\u4e0e\u8d37\u6b3e\u89c4\u6a21\u6269\u5927\uff1b\u4fe1\u7528\u8d28\u91cf\u826f\u597d\uff0c\u51c0\u51b2\u9500\u7387\u4ec50.48%\uff1b\u4e14\u5176200\u4ebf\u7f8e\u5143\u79c1\u52df\u4fe1\u8d37\u655e\u53e3\u672a\u62a5\u544a\u635f\u5931\uff0c\u7f13\u89e3\u5e02\u573a\u5bf9\u8be5\u9886\u57df\u98ce\u9669\u7684\u62c5\u5fe7\u3002\u4e3b\u8981\u5c40\u9650\u5728\u4e8e\uff0c\u90e8\u5206\u8d85\u9884\u671f\u6e90\u4e8e\u9ad8\u6ce2\u52a8\u4ea4\u6613\u73af\u5883\u2014\u2014\u867d\u5229\u597d\u5f53\u5b63\u8d22\u62a5\uff0c\u4f46\u53ef\u6301\u7eed\u6027\u5f31\u4e8e\u6838\u5fc3\u94f6\u884c\u4e1a\u52a1\u7684\u6301\u7eed\u52a0\u901f\u3002\u6b64\u5916\uff0c\u80a1\u4ef7\u5728\u8d22\u62a5\u524d\u5df2\u6709\u6240\u53cd\u5f39\uff0c\u62ac\u9ad8\u4e86\u8fdb\u4e00\u6b65\u91cd\u4f30\u7684\u95e8\u69db\u3002\u8d22\u62a5\u53d1\u5e03\u540e\u80a1\u4ef7\u4e0a\u6da81.6%\uff08\u5f53\u65e5\u6da8\u5e45\u7ea62%\u20133%\uff09\uff0c\u6295\u8d44\u8005\u8ba4\u53efNII\u97e7\u6027\u3001\u6d88\u8d39\u5065\u5eb7\u3001\u4ea4\u6613\u5f3a\u52bf\u53ca\u8d44\u672c\u8fd4\u8fd8\u529b\u5ea6\u3002\u6574\u4f53\u4fe1\u53f7\u79ef\u6781\uff1aBAC\u5c55\u73b0\u4e86NII\u7a33\u5065\u3001\u6d88\u8d39\u8d8b\u52bf\u826f\u597d\u3001\u4ea4\u6613\u5f3a\u52b2\u3001\u6295\u884c\u6539\u5584\u3001\u8d44\u672c\u8fd4\u8fd8\u6fc0\u8fdb\u7684\u591a\u5143\u4f18\u52bf\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u82e5\u5229\u7387\u8def\u5f84\u53d8\u5316\uff0cNII\u52a8\u80fd\u80fd\u5426\u7ef4\u6301\uff1b\uff082\uff09\u6d88\u8d39\u8005\u4fe1\u7528\u662f\u5426\u6301\u7eed\u826f\u6027\uff1b\uff083\uff09\u5373\u4f7f\u5e02\u573a\u6ce2\u52a8\u56de\u843d\uff0c\u6295\u884c\u4e1a\u52a1\u80fd\u5426\u5ef6\u7eed\u6539\u5584\u8d8b\u52bf\u3002<strong>26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a48\u7f8e\u5143\u81f365\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong>\u00a0<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-ed4e1152\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-075e5b76\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-0ad8dd24\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-dc1bd65c\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-2f4e392f wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.kgieworld.sg\/securities\/contact-us\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">Contact us to find out more<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-4467fd1f\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-fdd2c8c4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-27ad8851\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/1-1.png\" alt=\"\" class=\"uag-image-69995\" width=\"760\" height=\"208\" title=\"1\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-82e9f322 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/t.me\/kgisg\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/06\/2.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/2.png\" alt=\"\" class=\"uag-image-69996\" width=\"760\" height=\"208\" title=\"2\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Unusual Machines, Inc\u00a0(UMAC\u00a0US) Mercury Systems\u00a0Inc.\u00a0(MRCY\u00a0US)\u00a0 ^ Back To Top Hong Leong Asia Ltd. (HLA\u00a0SP)\u00a0 Banyan Tree Holdings Limited (BTH\u00a0SP)\u00a0 ^ Back To Top Standard Chartered PLC (2888\u00a0HK) Agricultural Bank of China Limited\u00a0(1288\u00a0HK)\u00a0 ^ Back To Top ASML Holding N.V. (ASML)\u00a0 ASML Holding N.V.\uff08ASML)\u00a0 Morgan Stanley (MS)\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-87849","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"admin","author_link":"https:\/\/www.kgieworld.sg\/researchstg\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings Unusual Machines, Inc\u00a0(UMAC\u00a0US) Mercury Systems\u00a0Inc.\u00a0(MRCY\u00a0US)\u00a0 ^ Back To Top Hong Leong Asia Ltd. (HLA\u00a0SP)\u00a0 Banyan Tree Holdings Limited (BTH\u00a0SP)\u00a0 ^ Back To Top Standard Chartered PLC (2888\u00a0HK) Agricultural Bank of China Limited\u00a0(1288\u00a0HK)\u00a0 ^ Back To Top ASML Holding N.V. (ASML)\u00a0 ASML Holding N.V.\uff08ASML)\u00a0 Morgan Stanley (MS)\u00a0&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/87849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/comments?post=87849"}],"version-history":[{"count":0,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/87849\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/media?parent=87849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/categories?post=87849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/tags?post=87849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}