Technical Analysis – 12 September 2024
United States | Singapore | Hong Kong | Earnings
Microsoft Corp (MSFT US) 
- Shares closed above the 50dEMA. The 5dEMA crossed the 20dEMA.
- RSI is constructive and MACD turned positive.
- Long – Entry 420 Target 454, Stop 403
NVIDIA Corp (NVDA US)
- Shares closed above the 50dEMA with rising volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 112.8, Target 124.0, Stop 107.2
Sembcorp Industries Ltd (SCI SP)
- Shares closed at a 2-month high above the 200dEMA. The 5dEMA is about to cross the 200dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 5.02, Target 5.32, Stop 4.87
Singapore Exchange Ltd (SGX SP)
- Shares closed at a 52-week high above the 5wEMA with rising volume.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 11.6 Target 12.2, Stop 11.3
China Feihe Ltd (6186 HK)
- Shares closed at a 2-month high above the 5dEMA with rising volume.
- MACD is positive, while RSI is at an overbought level.
- Long – Entry 4.22, Target 4.60, Stop 4.03
BYD Co Ltd (1211 HK) 
- Shares closed at a one-month high above the 5dEMA with an increase in volume.
- RSI and MACD are constructive.
- Long – Entry 238, Target 254, Stop 230
GameStop Corp (GME)
- 2Q24 Revenue: $798.3M, -31.9% YoY, miss estimates by $98.0M
- 2Q24 Non-GAAP EPS: $0.01, beat estimates by $0.10
- 3Q24 Guidance: No guidance provided.
- Comment: GameStop reported a fourth consecutive quarter of declining sales, with revenue falling 31% to US$798mn, below analysts’ expectations in the second quarter. This decline reflects a consumer shift toward digital downloads, game streaming, and e-commerce. The company announced plans to offer up to 20 million shares, intending to use the proceeds for general corporate purposes, including potential acquisitions and store closures. Investors are concerned over the company’s lack of strategy amidst rising competition from streaming services. Despite challenges, GameStop posted a net income of US$14.8mn, aided by reduced administrative expenses, reversing a loss from the previous year. However, the company’s future remains uncertain as it continues to grapple with the industry’s transition from physical game discs to digital downloads. GameStop’s plan to focus on profitability and a smaller network of higher-value stores may not be enough to counter declining demand. Given the company’s lack of a compelling strategy to address the shift to online purchasing, future growth prospects appear limited. However, the influence of the meme-stock community on GameStop’s share price is unpredictable. 3Q24 recommended trading range: $20 to $25. Neutral Outlook.
游戏驿站 (GME)
- 24财年第二季营收：7.983亿美元，同比跌幅31.9%，逊预期9,800万美元
- 24财年第二季Non-GAAP每股盈利：0.01美元，超预期0.0.1美元
- 24财年第三季指引：不提供指引。
- 短评：游戏驿站连续第四个季度销售下滑，收入下降31%，至7.98亿美元，低于分析师在第二季度的预期。这种下降反映了消费者转向数字下载、游戏流媒体和电子商务。该公司宣布计划发行至多2,000万股股票，打算将所得款项用于一般企业用途，包括潜在的收购和关闭门店。投资者担心，在流媒体服务日益激烈的竞争中，该公司缺乏战略。尽管面临诸多挑战，公司仍实现了1,480万美元的净收入，减少了管理费用，扭转了去年的亏损局面。然而，该公司的未来仍然不确定，因为它继续努力应对行业从实体游戏光盘到数字下载的转变。公司专注于盈利能力的计划和规模较小的高价值商店网络可能不足以应对不断下降的需求。考虑到该公司缺乏一个令人信服的战略来应对向网上购物的转变，未来的增长前景似乎有限。然而，迷因股社区对公司股价的影响是不可预测的。24财年第三季度建议交易区间：18至28美元。中性前景。
