Technical Analysis – 4 February 2025

United States | Singapore | Hong Kong | Earnings

Nucor Corp. (NUE US)

• Shares closed higher above the 50dEMA with constructive volume. 5dEMA recently crossed the 20dEMA and is about to cross the 50dEMA.
  
• MACD is positive, RSI is constructive.
  
• Long – Entry 130 Target 146 Stop 122
  

Barrick Gold Corp. (GOLD US)

• Shares closed higher above the 50dEMA. 5dEMA recently crossed the 20dEMA and is about to cross the 50dEMA.
  
• MACD is positive, RSI is constructive.
  
• Long – Entry 16.5 Target 18.5 Stop 15.5
  

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Singapore Airlines Ltd. (SIA SP)

• Shares closed higher above the 50dEMA with constructive volume. 5dEMA is about to cross the 20dEMA.
  
• MACD just turned positive, RSI is constructive.
  
• Long – Entry 6.40, Target 6.80, Stop 6.20
  

HongKong Land (HKL SP)

• Shares closed higher above the 50dEMA. 5dEMA just crossed the 20dEMA and is about to cross the 50dEMA.
  
• MACD is positive, RSI is constructive.
  
• Long – Entry 4.30 Target 4.70, Stop 4.10
  

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Alibaba Group Holding Ltd (9988 HK)

• Shares closed at a two-month high above the 5dEMA with an increase in volume.
  
• MACD is constructive, while RSI is at an overbought level.
  
• Long – Entry 93, Target 101, Stop 89
  

Tencent Holdings Ltd (700 HK)

• Shares closed above the 50dEMA with rising volume. The 5dEMA is about to cross the 50dEMA.
  
• Both RSI and MACD are constructive.
  
• Long – Entry 402 Target 436, Stop 385
  

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Palantir Technologies Inc. (PLTR)

• 4Q24 Revenue: $827.52M, +36.0% YoY, beat estimates by $46.28M
  
• 4Q24 Non-GAAP EPS: $0.14, beat estimates by $0.03
  
• 1Q25 Guidance: Expects revenue to be between $858mn-$862mn, midpoint of $860mn above consensus of $799.36mn; expects adjusted income from operations to be between $354mn to $358mn
  
• FY25 Guidance: Expects revenue to be between $3.74bn to $3.76bn, midpoint of $3.75bn above consensus of $3.53bn; expects U.S. commercial revenue to be $1.08bn; expects adjusted income from operations to be between $1.551bn – $1.567bn; expects adjusted free cash flow to be between $1.5bn to $1.7bn.
  
• Comment: Palantir delivered strong quarterly results and issued an optimistic outlook, emphasizing continued expansion in demand for its artificial intelligence offerings. Revenue from U.S. commercial customers surged 64% year-over-year to $214 million, while U.S. government revenue climbed 45% YoY to $343 million. The company’s customer base grew 43% compared to the prior year. Palantir remains heavily U.S.-focused, facing challenges in expanding its European footprint due to data privacy concerns. Although widely recognized as a defense and intelligence contractor, its U.S. commercial segment has become a key driver of growth. Management highlighted Palantir’s strategic position to capitalize on a shifting AI cost structure. Additionally, under the Trump administration, expectations are rising that the Pentagon will increase contracts awarded to nontraditional defense-tech vendors, potentially benefiting Palantir. The company recently secured a $400 million contract with the U.S. Army, further reinforcing its foothold in government contracts. 1Q25 recommended trading range: $80 to $140. Positive Outlook.
  

Palantir Technologies Inc (PLTR)

• 24财年第四季营收：8.2752 亿美元，同比增长 36.0%，超出预期 4.628 亿美元
  
• 24财年第四季非GAAP每股盈利：0.14 美元，超出预期 0.03 美元
  
• 25财年第一季指引：预计营收将在 8.58 亿至 8.62 亿美元之间，中位数 8.60 亿美元，高于市场预期的 7.9936 亿美元；预计调整后运营利润将在 3.54 亿至 3.58 亿美元之间
  
• 25财年全年指引：预计营收将在 37.4 亿至 37.6 亿美元之间，中位数 37.5 亿美元，高于市场预期的 35.3 亿美元；预计美国商业营收为 10.8 亿美元；预计调整后运营利润将在 15.51 亿至 15.67 亿美元之间；预计调整后自由现金流将在 15 亿至 17 亿美元之间
  
• 短评：Palantir 公布了强劲的季度业绩，并给出了乐观的指引，强调其人工智能产品的需求持续增长。美国商业业务营收同比增长 64% 至 2.14 亿美元，美国政府业务营收同比增长 45% 至 3.43 亿美元，公司客户总数同比增长 43%。Palantir 业务仍以美国市场为主，在欧洲的扩张受数据隐私问题阻碍。尽管公司以国防和情报合同商闻名，但美国商业业务已成为其主要增长动力。管理层强调，Palantir 在 AI 成本结构变化的背景下具有独特优势。此外，在特朗普政府领导下，市场预计五角大楼将向非传统国防科技企业授予更多合同，Palantir 或从中受益。公司近期获得了一份 4 亿美元的美国陆军合同，进一步巩固了其政府业务的地位。25财年第一季建议交易区间：80 至 140 美元。积极前景。
  

NXP Semiconductors NV (NXPI)

• 4Q24 Revenue: $3.11B, -9.1% YoY, beat estimates by $10M
  
• 4Q24 Non-GAAP EPS: $3.18, beat estimates by $0.05
  
• 1Q25 Guidance: Expects revenue to be between $2.73B and $2.93B for the first quarter, the midpoint of which is below analysts’ average estimate of $2.92B
  
• Comment: NXP Semiconductors beat fourth quarter revenue and profit estimates, posting US$3.11bn in revenue and US$3.18 per share in earnings. However, its industrial and IoT revenue fell 22%, while automotive declined 6%. NXP Semiconductors forecasted lower-than-expected Q1 revenue between US$2.73bn and US$2.93bn due to weak demand from industrial and automotive customers, its largest segment. The company cited high EV costs and prolonged high interest rates as factors leading to chip inventory buildup and slower orders. Its competitors Texas Instruments and STMicro also reported weak outlooks. A global chip glut, sluggish EV sales outside China, and rising geopolitical tensions and potential tariffs pose further risks. Furthermore, China’s push for self-sufficiency threatens European chipmakers’ market share. We anticipate investor caution to persist amid the ongoing downturn. 1Q25 recommended trading range: $200 to $220. Neutral Outlook.
  

恩智浦半导体 (NXPI)

• 24财年第四季营收：31.1亿美元，同比下降9.1%，超出预期1000万美元
  
• 24财年第四季Non-GAAP每股盈利： 3.18美元，超出预期0.05美元
  
• 25财年第一季指引：预计营收在27.3亿美元至29.3亿美元之间，中点低于分析师平均预期的29.2亿美元。
  
• 短评：恩智浦半导体第四季度营收和利润超出预期，营收为31.1亿美元，每股收益为3.18美元。然而，其工业和物联网收入下降了22%，汽车收入下降了6%。恩智浦半导体预计第一季度营收低于预期（27.3亿美元至29.3亿美元），原因是其最大的客户群体——工业和汽车客户的需求疲软。该公司将高昂的电动汽车成本和长期高利率列为导致芯片库存增加和订单放缓的因素。其竞争对手德州仪器和意法半导体也报告了疲软的业绩展望。全球芯片过剩、中国以外地区电动汽车销售 sluggish，以及地缘政治紧张局势和潜在关税带来了进一步风险。此外，中国推动自给自足的政策威胁着欧洲芯片制造商的市场份额。我们预计，在持续的低迷时期，投资者将继续保持谨慎。25财年第一季建议交易区间：200至220美元。中性前景。