Technical Analysis – 13 May 2025
United States | Singapore | Hong Kong | Earnings
Pinterest Inc. (PIN US)
- Shares closed at a high since March 2025 above the 200dEMA with a surge in volume. 5dEMA just crossed the 50dEMA.
- MACD is positive, RSI is at an overbought level.
- Long – Entry 32.0, Target 36.0, Stop 30.0
Meta Platforms, Inc. (META US)
- Shares closed at a high since March 2025 with more volume. 20dEMA just crossed the 200dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 630, Target 690, Stop 600
DBS Group Holdings Ltd. (DBS SP)
- Shares closed higher above the 50dEMA. 5dEMA just crossed the 50dEMA.
- MACD is positive, RSI is constructive.
- Buy – Entry 43.0, Target 46.0, Stop 41.5
Seatrium Ltd. (STM SP)
- Shares closed higher above the 50dEMA. 5dEMA just cross the 200dEMA and is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Buy – Entry 2.00 Target 2.20, Stop 1.90
Galaxy Entertainment Group Ltd. (27 HK)
- Shares closed at a high since March 2025 with increased volume. 5dEMA just crossed the 50dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 31.50, Target 35.50, Stop 29.50
Sands China Ltd (1928 HK)
- Shares closed at a high since March 2025 with constructive volume. 5dEMA is about to cross the 50dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 16.0, Target 18.0, Stop 15.0
AST SpaceMobile Inc. (ASTS)
- 1Q25 Revenue: $0.7M, +40.0% YoY, miss estimates by $3.15M
- 1Q25 GAAP EPS: –$0.20, beat estimates by $0.02
- FY25 Guidance: No financial guidance provided.
- Comment: AST SpaceMobile reported mixed Q1 results but highlighted strong operational momentum. The first Block 2 BlueBird satellite is set to launch in July, with five more planned over the next six to nine months. The company aims to produce six satellites per month and expects to enable continuous broadband coverage across the U.S., Europe, and Japan by 2026. Revenue is expected to ramp in the second half of 2025, with $50–75mn in anticipated opportunities. Gateway equipment bookings reached $13.6mn, with $10mn in average quarterly bookings projected for the rest of the year. AST also expanded its U.S. government footprint through a $43mn SDA contract and a new $20mn deal with the Defense Innovation Unit. It ended the quarter with $874.5mn in cash, supporting near-term execution, and is pursuing over $500mn in potential non-dilutive financing. Regulatory progress continues, and commercial service activation is planned with partners including AT&T, Vodafone, Verizon, and Rakuten. 2Q25 recommended trading range: $23 to $33. Positive Outlook.
AST SpaceMobile Inc. (ASTS)
- 25财年第一季营收：70万美元，同比增长40.0%，低于预期3,150万美元
- 25财年第一季GAAP每股亏损：0.20美元，超出预期0.02美元
- 25财年指引：未提供指引。
- 短评：AST SpaceMobile公布了喜忧参半的季度业绩，但强调运营势头强劲。首颗Block 2 BlueBird卫星计划于7月发射，未来六到九个月内还将发射五颗。公司计划每月生产六颗卫星，目标到2026年实现对美国、欧洲和日本的连续宽带覆盖。预计营收将在2025年下半年显著增长，潜在机会预计为5,000万至7,500万美元。第一季网关设备订单达到1,360万美元，预计全年平均季度订单为1,000万美元。公司还通过一项4,300万美元的SDA合同以及与国防创新部门达成的2,000万美元新协议，扩大了其在美国政府市场的布局。截至季度末，公司拥有8.745亿美元现金，支持近期的执行计划，并正寻求超过5亿美元的非稀释性融资机会。监管方面持续取得进展，公司计划与AT&T、Vodafone、Verizon和Rakuten等合作伙伴启动商业服务。25财年第二季建议交易区间：23美元至33美元。积极前景。
Hertz Global Holdings Inc. (HTZ)
- 1Q25 Revenue: $1.81B, -13.0% YoY, miss estimates by $200M
- 1Q25 Non-GAAP EPS: -$1.12, miss estimates by $0.14
- FY25 Guidance: No guidance provided.
- Comment: Hertz Global reported a wider loss and lower revenue in 1Q25, citing an intentionally smaller fleet amid ongoing macroeconomic pressures. Management said the reduced vehicle supply was a strategic move, though it impacted the top line. While demand from business, government, and international travelers has softened, leisure bookings are up year over year. Executives noted that turnaround efforts are gaining traction and pointed to historical trends where revenue growth tends to follow periods of tight supply. The company also saw stronger used car sales in April, helped by tariff-related pricing, and plans to expand its retail footprint in the coming quarters. 2Q25 recommended trading range: $5.0 to $8.0. Neutral Outlook.
Hertz Global Holdings Inc. (HTZ)
- 25财年第一季营收：18.1亿美元，同比下降13.0%，低于预期2亿美元
- 25财年第一季Non-GAAP每股亏损：1.12美元，低于预期0.14美元
- 25财年指引：未提供指引。
- 短评：Hertz Global第一季亏损扩大，营收下滑，公司将原因归结于在当前宏观环境下有意缩减车队规模。管理层表示，尽管这一策略压缩了营收，但属于战略调整。来自企业、政府及赴美国际旅客的需求有所减弱，但休闲旅游的预订同比上升。管理层指出，公司的扭转努力正在取得成效，并指出历史上在车辆供应紧张后通常会迎来收入增长。公司4月二手车销售表现强劲，受益于关税推动的定价因素，并计划在未来几个季度扩大零售网络。25财年第二季建议交易区间：5.0美元至8.0美元。中性前景。
Nuscale Power Corp. (SMR)
- 1Q25 Revenue: $13.4M, beat estimates by $9.93M
- 1Q25 GAAP EPS: –$0.11, beat estimates by $0.01
- FY25 guidance: No guidance provided.
- Comment: NuScale Power delivered strong results in the quarter, with revenue rising to $13.4 million, driven by progress on the FEED Phase 2 project and a technology license agreement for Romania’s RoPower Doicești plant. The company ended the quarter with a solid cash position of $521.4 million. Operational highlights included continued advancement of Fluor’s Phase 2 FEED study and steady progress toward Standard Design Approval for its uprated 77 MWe design, targeted for July 2025. Although NuScale reported a $35.3 million operating loss, the result marked YoY improvement due to higher gross margins and lower expenses. With 12 modules now in manufacturing, the company is shifting from R&D to commercialization, aiming for first deployment by 2030. NuScale remains in advanced talks with global customers and is focused on scaling production and strengthening its supply chain to deliver carbon-free energy at scale. 2Q25 recommended trading range: $16 to $22. Positive Outlook.
NuScale Power Corp. (SMR)
- 25财年第一季营收：1,340万美元，超出预期993万美元
- 25财年第一季GAAP每股亏损：0.11美元，超出预期0.01美元
- 25财年指引：未提供指引。
- 短评：NuScale Power本季度业绩强劲，营收增长至1,340万美元，主要得益于FEED第二阶段项目的进展以及罗马尼亚RoPower Doicești电站的技术许可协议。公司期末现金、现金等价物及短期投资总额为5.214亿美元。运营方面，Fluor第二阶段FEED研究持续推进，针对77 MWe升级设计的标准设计审批也在稳步推进，目标在2025年7月获批。尽管公司报告运营亏损3,530万美元，但得益于毛利率提高和费用下降，该亏损较去年同期有所改善。公司已有12个模块进入制造阶段，正逐步从研发转向商业化，目标在2030年前实现首个NuScale Power Module™的部署。NuScale正在与全球潜在客户深入洽谈，并专注于扩大生产规模及提升供应链能力，以推动无碳能源的大规模商业化。25财年第二季建议交易区间：16美元至22美元。积极前景。
