Stockresearch18: 1月 2024

2024年1月30日星期二

微軟公司2023年冬季業績: Microsoft Co. 2023 Winter Quarter Results

Key Financial Data 主要財務數據

Earnings per share 每股純利: USD$2.93 per share, vs. USD $2.78 per share expected
Revenue 收入: USD$62.02 billion, vs. USD$61.12 billion expected
Microsoft's revenue increased 17.6% year over year in the quarter, which ended on Dec. 31, according to her financial statement. Net income, at $21.87 billion, or $2.93 per share, increased from $16.43 billion, or $2.20 per share.
微軟公司2023年冬季收入增長17.6%, 純利 $218.7億美元, 每股純利增至 $2.93美元。
1. The company's Intelligent Cloud segment produced $25.88 billion in revenue, up 20%
微軟公司智能雲業務貢獻$258.8億收入, 增加20%。
2. Revenue from the Productivity and Business Processes unit, including Office productivity software, LinkedIn and Dynamics totaled $19.25 billion. That was up 13% and higher than the $18.99 billion StreetAccount consensus.
生產及商業應用軟件 LinkedIn, Dynamics 等貢獻$192.5億收入, 增加13%。
3. The More Personal Computing segment contributed $16.89 billion in revenue, up about 19% and slightly more than the StreetAccount consensus of $16.79 billion. The segment comprises Windows, Surface, Bing and Xbox.
個人電腦業務(Windows, Surface, Bing,Xbox) 貢獻$168.9億收入, 增加19%。

Prospects 前景:

1. During the fiscal second quarter, Microsoft tool over video game publisher Activision Blizzard, its largest deal ever. ATVI games income will contribute Personal Computing segment income.

微軟公司2023年冬季收購了動視暴雪遊戲開發商, 未來會為個人電腦業務提供貢獻收入。

2. The company also announced custom cloud chips and started selling a USD$30 monthly Copilot AI add-on to Microsoft 365 productivity software bundles. This ensure the company has continuous revenue growth incompany's Intelligent Cloud segment.

微軟公司2023年冬季推出了每月月費美元USD$30的Copilot AI服務附加在Microsoft 365軟件訂閱費中, 肯定會繼續增加智能雲業務收入貢獻。

Alphabet Quarter 4 2023 Results: 谷歌母公司2023年第4季業績

Alphabet reported better-than-expected revenue and profit for the fourth quarter, but ad revenue trailed analysts' projections.

谷歌母公司2023年第4季盈利業績勝預期,但廣告收入比預期少 1千萬美元。

Due to workforce reductions last year, the company recorded severance and related charges of $2.1 billion for 2023.

因去年公司削減人手裁員, 產生了一次性解僱補償金:$21億元

Key Financial figures 主要財務數據:

Earnings per share 每股盈利: USD$1.64 vs. USD$1.59 expected by LSEG.
Revenue 收入: $86.31 billion vs. $85.33 billion expected by LSEG
Google Cloud 谷歌雲 :$9.19 billion vs. $8.94 billion expected, according to the Account.
YouTube Ads 廣告: $9.2 billion vs. $9.21 billion expected, according to the Account.
Traffic acquisition costs 流量取得成本: $13.9 billion vs. $14.1 billion, according to the Account.
Prospects前景:
1.Google Cloud remains a growth engine, with 26% expansion in the fourth quarter compared to a year ago. The company is also drawing profit from the cloud business.
谷歌雲保持成為增長引擎,比去年第4季業務擴張了26%, 而公司也在谷歌雲業務中取得盈利。
2. In December 2023, Google launched the large language model called Gemini, which it considers its largest and most capable AI model to date. The company is planning to license Gemini to customers through Google Cloud for them to use in their own applications.
在2023年12月, 谷歌公司推出了Gemini 大型言語模型兼容於大型人工智能(AI)。谷歌公司計劃推展Gemini 服務到谷歌雲的使用者應用這個新AI 功能。

2024年1月21日星期日

台積電公司2023年第４季及2023年全年業績

台積電公司2023年Quarter4 營收年減1.5%至196.2億美金，超出公司上季給出的財測上緣196億，毛利率53%在財測上緣。淨利年減19%至74.7億美金，EPS $1.44 高於市場預期的1.37。

技術平台來看，$TSM 佔比最高43%的HPC高效能運算季增17%，佔43%的智慧型手機季增27%，車用電子季增13%，IoT季減29%。

製程的營收占比來看，蘋果用到的3奈米製程佔比從5%提升到15%，5奈米製程佔比35%，7奈米製程則佔17%。

台積電預計24Q1營收在180-188億換算約年增10%，季減6.2%。毛利率預估在52-54%。營業利潤率預估在40%-42%。

2023全年資本支出304.5億，低於預期的320億。2024全年資本支出預計在280-320億美金，70%-80%用於先進製程，10%-20%用於特殊製程，10%用於先進封裝、測試等。2奈米研發順利計劃在2025年量產。

預估2024庫存水平健康，AI應用激增，營收成長會在20-25%。未來幾年的營收CAGR成長預期在15-20%。

預計未來２年，新手機，ＡＩ電腦以至Data Centers都對高階晶片有持續需求，台積電未來2年業績應該不成問題，但現價USD＄114.42稍為貴，有興趣少注買此股投資者應該等稍後回吐，每股跌穿USD＄100才再作考慮。

2024年1月16日星期二

股票未到撈底時

現在外面股市投資環境風大雨大，風高浪急，資金躲在安全地方做定期，算是上策，在美匯及美息形成向下趨勢之前，股票實在不宜沾手。

港幣／美元强勢即港股對於非美投資者（澳，紐，加，日），資產價格在計入匯率考慮後未算便宜。

息率高企沖擊了特別是高負債上市公司，財務成本因過去一年半急速加息而急升蠶食純利，導致有負債公司股價下跌。看來股市起碼要在美元第一次減息後美匯美息形成向下趨勢才有轉機。

目前美匯指數103,美息5至５.25厘，由於投資機會成本高（放棄最高價值選項～定期／債券收無風險利息），所以精明投資者不妨等美息開始減第一次息才再作投資決定。

2024年1月11日星期四

新年彩蛋禮物

為答謝各位忠實讀者支持, 新年送上新年彩蛋小禮物給您們。

In the new year, I present a small easter eggs gift to my loyal readers to thank for your support to this blog.

以下兩個是人工智能助手, 希望能幫你們解答問題及作為助手幫助您們提升生產力。

The followings are two artifical intelligent tool helpers. I hope these AI helpers can answer your queries and act as assistants help you to improve your work productivity.