Technical Analysis – 1 April 2025

United States | Singapore | Hong Kong | Earnings

Celsius Holdings, Inc. (CELH US)

• Shares closed at a high since September 2024 with more volume.
  
• MACD is positive, RSI is constructive.
  
• Long – Entry 35.0, Target 41.0, Stop 32.0
  

Altria Group, Inc. (MO US)

• Shares closed at a 52-week high with more volume.
  
• MACD is about to turn positive, RSI is constructive.
  
• Long – Entry 59.5, Target 65.5, Stop 56.5
  

^ Back To Top

Singapore Post Ltd. (SPOST SP)

• Shares closed at a 52-week high with a surge in volume.
  
• MACD is positive, RSI is at an overbought level.
  
• Long – Entry 0.610, Target 0.670, Stop 0.580
  

Valuetronics Holdings Ltd. (VALUE SP)

• Shares closed higher above the 5dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
  
• MACD is about to turn positive, RSI is constructive.
  
• Long – Entry 0.680 Target 0.740, Stop 0.650
  

^ Back To Top

China East Education Holdings Ltd. (667 HK)

• Shares closed at a 52-week high with constructive volume.
  
• MACD is positive, RSI is at an overbought level.
  
• Long – Entry 4.90, Target 5.50, Stop 4.60
  

Smartone Telecommunications Holdings. (315 HK)

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

^ Back To Top

PVH Corp (PVH)

• 4Q24 Revenue: $2.37B, -4.8% YoY, beat estimates by $40M
  
• 4Q24 Non-GAAP EPS: $3.27, beat estimates by $0.06
  
• 1Q25 Guidance: Expect revenue to be flat to decrease 2% YoY and EPS to range between $2.10 to $2.25 on a non-GAAP basis, including an estimated negative impact of approximately $0.05 per share related to foreign currency translation.
  
• FY25 Guidance: Expect revenue to be flat to slight increase on a constant currency basis compared to 2024. EPS to be between $12.40 to $12.75 on a non-GAAP basis, including a negative impact of approximately $0.20 per share related to foreign currency translation. Operating margin to be flat to increase slightly on a non-GAAP basis compared to 10.0% on a non-GAAP basis in 2024.
  
• Share buyback: Plan $500M stock repurchases in 2025 pursuant to accelerated share repurchase agreements, of which $1.8B of $5B remained available for share repurchases as of 2 February 2025.
  
• Dividend distribution: Declared $0.0375/share quarterly dividend, in line with previous, payable on 26 March; for shareholders of record 5 March.
  
• Comment: PVH Corp. reported a 5% decline in Q4 revenue to US$2.37bn, and 6% drop in full-year 2024 sales to US$8.65bn, both exceeding expectations. Despite challenging market conditions, Q4 EPS of US$3.27 exceeded guidance, and gross margins reached record levels. The company maintained strong profitability in North America and saw sequential improvements in European wholesale orders, while Asia Pacific achieved its third consecutive year of growth. Tommy Hilfiger sales fell 5%, while Calvin Klein declined 2%, with North America performing better due to wholesale delivery shifts. Looking ahead, PVH forecasts flat to slightly higher revenue in 2025, with continued investment in brand growth, cost efficiencies, and shareholder returns through a US$500mn stock repurchase program. Its CEO Stefan Larsson remains confident in long-term growth through the PVH+ Plan, focusing on brand strength and operational efficiency. By optimizing wholesale strategies and enhancing direct-to-consumer performance, PVH will be able to strengthen its brand positioning which would help to stabilise sales in the longer-term. 1Q25 recommended trading range: $65 to $80. Neutral Outlook.
  

PVH Corp (PVH)

• 24财年第四季度营收：23.7亿美元，同比下降4.8%，超出预期4,000万美元。
  
• 24财年第四季度Non-GAAP每股收益：3.27美元，超出预期0.06美元。
  
• 25财年第一季度指引：预计营收同比持平或下降2%，Non-GAAP每股收益在2.10美元至2.25美元之间，其中包括外币换算带来的约0.05美元的负面影响。
  
• 25财年全年指引：预计以固定汇率计算，营收与2024年相比持平或略有增长。Non-GAAP每股收益在12.40美元至12.75美元之间，其中包括外币换算带来的约0.20美元的负面影响。Non-GAAP营业利润率与2024年Non-GAAP的10.0%相比，持平或略有增长。
  
• 股票回购：计划在2025年根据加速股票回购协议回购5亿美元的股票，截至2025年2月2日，50亿美元的股票回购计划中仍有18亿美元可用。
  
• 股息分配：宣布每股0.0375美元的季度股息，与之前一致，于3月26日支付；记录在册的股东为3月5日。
  
• 短评：PVH集团公布的第四季度营收为23.7亿美元，同比下降5%，2024年全年销售额为86.5亿美元，同比下降6%，均超出预期。尽管市场条件充满挑战，但第四季度每股收益为3.27美元，超出指引，毛利率达到创纪录水平。该公司在北美保持了强劲的盈利能力，欧洲批发订单环比改善，亚太地区连续第三年实现增长。汤美·希尔费格（Tommy Hilfiger）的销售额下降5%，卡尔文·克莱恩（Calvin Klein）的销售额下降2%，北美地区由于批发交付转移而表现较好。展望未来，PVH集团预计2025年营收持平或略有增长，并通过5亿美元的股票回购计划继续投资于品牌增长、成本效率和股东回报。其首席执行官斯特凡·拉尔森（Stefan Larsson）对通过PVH+计划实现长期增长充满信心，该计划侧重于品牌实力和运营效率。通过优化批发战略和提升直接面向消费者（DTC）的业绩，PVH集团将能够加强其品牌定位，这将有助于稳定长期销售。25财年第一季度建议交易区间：65美元至80美元。中性前景。