Technical Analysis – 5 December 2023
United States | Singapore | Hong Kong | Earnings
Norwegian Cruise Line Holdings Ltd. (NCLH US)
- Shares closed at a 3 month high, above the 200dEMA with rising volume. The 5dEMA crossed the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 17.00, Target 18.50, Stop 16.25
Royal Caribbean Cruises Ltd (RCL US)
- Shares closed at a high since February 2020, above the 5wEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 112.4, Target 120.0, Stop 108.6
Medtecs International Corp Ltd (MED SP)
- Shares closed above the 5dEMA with rising volume. The 50dEMA crossed the 200dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 0.140, Target 0.146, Stop 0.137
Yangzijiang Shipbuilding Holdings Ltd (YZJSGD SP)
- Shares rose and closed above the 20dEMA. The 5dEMA is about to cross the 20dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 1.47, Target 1.55, Stop 1.43
Shandong Gold Mining Co Ltd (1787 HK)
- Shares closed above the 5dEMA with an increase in volume.
- Both RSI and MACD are constructive.
- Long – Entry 15.8, Target 17.2, Stop 15.1
China Gold International Resources Corp Ltd (2099 HK)
- Shares closed above the 5dEMA with a jump in volume. The 5dEMA crossed the 50dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 33.6, Target 36.8, Stop 32.0
GitLab Inc (GTLB)
- 3Q24 Revenue: $149.67M, +32.5% YoY, beat estimates by $8.66M
- 3Q24 Non-GAAP EPS: $0.09, beat estimates by $0.10
- 4Q24 Guidance: Revenue $157.0M – $158M; Non-GAAP operating income $5.0M – $6.0M; Non-GAAP EPS $0.08 – $0.09. FY24 Guidance: Revenue $573.0M – $574M; Non-GAAP operating loss $9.0M – $10.0M; Non-GAAP EPS $0.12 – $0.13.
- Comment: GitLab surpassed both revenue and earnings analyst expectations in Q3. This quarter marked GitLab’s first adjusted operating profit, with the company emphasising responsible growth and achieving over 2,200 basis points of non-GAAP operating margin expansion. The company’s revenue grew by 32% YoY, reaching 874 customers contributing over $100mn in annual recurring revenue. Its customers with more than $5,000 of ARR and more than $100,000 of ARR rose 26% to 8,175 and 37% to 874 respectively. Furthermore, its dollar-based net retention rate rose to 128% this quarter. Despite some customers transitioning from Microsoft-owned GitHub, GitLab remains cautious about economic conditions for small and medium-sized customers. The company anticipates further growth, with plans for integration into Amazon Web Services Q work assistant. GitLab’s outlook remains optimistic, reflecting sustained demand for its platform that seamlessly integrates security, compliance, and AI. The platform which enhances developer productivity while concurrently reducing software expenditure in the existing landscape is appealing to many companies. 4Q23 recommended trading range: $58 to $70. Positive Outlook.
GitLab (GTLB)
- 24财年第三季营收：1.4967亿美元, 同比跌幅32.5%，超预期866万美元
- 24财年第三季Non-GAAP每股盈利：0.09美元，超预期0.10美元
- 24财年第四季指引：收入1.570亿至1.58亿美元；Non-GAAP营业收入500万至600万美元；Non-GAAP每股收益为0.08至0.09美元。24财年指引：收入5.73亿至5.74亿美元；non-GAAP经营亏损900万至1,000万美元；Non-GAAP每股收益0.12至0.13美元。
- 短评：GitLab第三季度的收入和收益都超出了分析师的预期。本季度是GitLab首次实现调整后营业利润，公司强调负责任的增长，实现了超过2200个基点的Non-GAAP营业利润率增长。公司收入同比增长32%，拥有874家客户，年经常性收入超过1亿美元。年经常性收入超过5,000美元的客户和年经常性收入超过100,000美元的客户分别增长26%至8,175家和37%至874家。此外，以美元计算的净留存率本季度上升至128%。尽管有一些客户是从微软旗下的GitHub转过来的，但GitLab对中小客户的经济状况仍持谨慎态度。该公司预计将进一步增长，并计划整合到亚马逊网络服务Q工作助理中。GitLab的前景仍然乐观，反映了对其平台的持续需求，该平台无缝集成了安全性、合规性和人工智能。该平台提高了开发人员的生产力，同时减少了现有环境下的软件支出，这对许多公司都很有吸引力。23财年第四季度建议交易区间：58美元至70美元。积极前景。
