KGI Singapore Research

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Technical Analysis – 06 August 2024

United States | Singapore | Hong Kong | Earnings

DoorDash, Inc. (DASH US)

  • Shares closed at a high since May 2024 with a surge in volume, above the 5dEMA. 20dEMA just crossed the 200dEMA and is about to cross the 50dEMA.
  • MACD is positive, RSI is constructive.
  • Long – Entry 118 Target 130, Stop 112

Cinemark Holdings, Inc. (CNK US)

  • Shares closed at a 52-week high with more volume. 50wEMA is about to cross the 200wEMA.
  • MACD is positive, RSI is at an overbought level.
  • Long – Entry 25.0, Target 28.0, Stop 23.5

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Singapore Exchange Ltd. (SGX SP)

  • Shares closed higher above the 5dEMA with a surge in volume.
  • MACD is positive, RSI is constructive.
  • Long – Entry 9.75, Target 10.15, Stop 9.55

HongKong Land Holdings Ltd. (HKL SP)

  • Shares closed higher above the 5dEMA with more volume.
  • MACD is about to turn positive, RSI is turning constructive.
  • Long – Entry 3.20 Target 3.40, Stop 3.10

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CSOP Hang Seng TECH Index Daily -2X Inverse Product (7552 HK)

  • Shares closed above the 5dEMA with an increase in volume.
  • Both RSI and MACD are constructive.
  • Long – Entry 7.03, Target 7.57, Stop 6.76

CSOP Hang Seng Index Daily (-2x) Inverse Product (7500 HK)  

  • Shares closed above the 200dEMA with an increase in volume.
  • Both RSI and MACD are constructive.
  • Long – Entry 5.86, Target 6.26, Stop 5.66

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Palantir Technologies Inc (PLTR)

  • 2Q24 Revenue: $678.13M, +27.2% YoY, beat estimates by $25.71M
  • 2Q24 Non-GAAP EPS: $0.09, beat estimates by $0.01
  • 3Q24 Guidance: Expect revenue to be between $697M to $701M vs consensus of $680.2M and adjusted income from operations of between $233M to $237M. FY24 Guidance: Raise revenue guidance to be between $2.742B to $2.750B vs consensus of $2.7B, US commercial revenue to be in excess of $672M and adjusted income from operations to be between $966M to $974M. Continue to expect adjusted free cash flow of between $800M to $1B and GAAP operating income and net income in each quarter this year.
  • Comment: In the second quarter, Palantir Technologies reported its largest-ever quarterly profit and adjusted earnings of US$0.09 per share, beating the estimate of US$0.08 per share. It also delivered revenue amounting to US$678.13mn in the quarter, growing 27.2% YoY, beating analysts’ estimates. The US commercial business saw a significant 55% growth to US$159mn, reflecting strong demand from enterprise customers leveraging AI technology. Its US government revenue continued to increase by 24% in the second quarter, accounting for about 54% of its total sales. The trailing twelve-month revenue in its US government business has surpassed US$1bn. Palantir raised its annual revenue and profit forecast for the second time this year, driven by surging demand for its AI software services. The company’s AI platform assists businesses in developing generative AI technology, which is used to test and debug code, as well as evaluate AI-related scenarios. This has allowed Palantir to meet the increasing demand and bridge the gap between AI application prototypes and final products that can be deployed to customers. The company now expects annual revenue between US$2.74bn and US$2.75bn, up from the previous estimate of US$2.68bn to US$2.69bn. Its annual forecast for adjusted income from operations also increased to US$966mn to US$974mn, surpassing earlier expectations of US$868mn to US$880mn. Palantir’s flagship AI platform, AIP, remains a key driver of growth as the company expands its commercial customer base. By empowering large institutions to leverage AI capabilities, AIP is expected to continue fuelling sales growth and reducing reliance on government contracts. 3Q24 recommended trading range: $25 to $34. Positive Outlook.

Palantir 技术 (PLTR)

  • 24财年第二季营收：6.7819亿美元，同比增幅27.2%，超预期2,571万美元
  • 24财年第二季Non-GAAP每股盈利：0.09美元，超预期0.01美元
  • 24财年第三季指引：预计收入在6.97亿美元至7.01亿美元之间，而市场预期为6.802亿美元，调整后的运营收入在2.33亿美元至2.37亿美元之间。24财年指引：将收入指导从27亿美元上调至27.42亿美元至27.5亿美元，美国商业收入超过6.72亿美元，调整后的运营收入在9.66亿美元至9.74亿美元之间。继续预计调整后的自由现金流将在8亿美元至10亿美元之间，GAAP营业收入和净收入将在今年每个季度保持不变。
  • 短评：今年第二季度，Palantir技术公布了有史以来最大的季度利润，调整后每股收益为0.09美元，超过了每股0.08美元的预期。该公司本季度收入达6.7813亿美元，同比增长27.2%，超出分析师预期。美国商业业务增长了55%，达到1.59亿美元，反映了企业客户利用人工智能技术的强劲需求。该公司第二季度美国政府收入继续增长24%，约占其总销售额的54%。其美国政府业务过去12个月的收入已超过10亿美元。受人工智能软件服务需求激增的推动，Palantir今年第二次上调了年度收入和利润预期。该公司的人工智能平台帮助企业开发生成式人工智能技术，用于测试和调试代码，以及评估人工智能相关场景。这使得Palantir能够满足日益增长的需求，并弥合人工智能应用原型和最终产品之间的差距，这些产品可以部署给客户。该公司目前预计年收入在27.4亿美元至27.5亿美元之间，高于此前估计的26.8亿美元至26.9亿美元。其调整后的年度营业收入预测也增加至9.66亿美元至9.74亿美元，超过早先预期的8.68亿美元至8.8亿美元。随着公司商业客户群的扩大，Palantir的旗舰人工智能平台AIP仍然是公司增长的关键驱动力。通过授权大型机构利用人工智能能力，AIP预计将继续推动销售增长，减少对政府合同的依赖。24年第三季度建议交易区间：25至34美元。积极前景。