KGI Research Singapore

Singapore's leading broker offering Futures, FX, Equities and Wealth Management.

Technical Analysis – 11 April 2025

United States | Singapore | Hong Kong | Earnings

Sandstorm Gold Ltd. (SAND US)

  • Shares closed higher above the 5dEMA with constructive volume.
  • MACD is about to turn positive, RSI is constructive.
  • Long – Entry 7.50, Target 8.50, Stop 7.00
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Newmont Corp. (NEM US)

  • Shares closed at a high since October 2024 with constructive volume.
  • MACD just turned positive, RSI is constructive.
  • Long – Entry 50.0, Target 56.0, Stop 47.0

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Top Glove Corp Bhd. (TOPG SP)

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  • Shares closed higher above the 20dEMA with a surge in volume.
  • MACD is positive, RSI is constructive.
  • Buy – Entry 0.260, Target 0.290, Stop 0.245
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Centurion Corp Ltd. (CENT SP)

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  • Shares closed higher above the 20dEMA with more volume.
  • MACD is about to turn positive, RSI is constructive.
  • Buy – Entry 1.10 Target 1.20, Stop 1.05

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Remegen Co Ltd (9995 HK)

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  • Shares closed at a 10-months high above the 5dEMA.
  • MACD is constructive, while RSI is at an overbought level.
  • Long Entry 28.6, Target 32.0, Stop 26.9
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JD Health International Inc (6618 HK)
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  • Shares closed above the 20dEMA with rising volume.
  • RSI is constructive while MACD is negative.
  • Long – Entry 32.6, Target 34.2, Stop 31.8

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Delta Air Lines Inc (DAL)

  • 1Q25 Revenue: $14.04B, +2.1% YoY, beat estimates by $580M
  • 1Q25 Non-GAAP EPS: $0.46, beat estimates by $0.07
  • 2Q25 Guidance: Expect total revenue to be between -2% to 2% YoY and profit of $1.70 to $2.30 a share compared to analysts’ average estimate of $2.30
  • FY25 Guidance: Expect earnings in excess of $7.35 per share, above expectations of $7.22 per share
  • Comment: Delta Air Lines reported first-quarter results that exceeded analyst expectations, with adjusted EPS of US$0.46 and revenue of US$14.04bn. However, the airline withheld an update on its 2025 financial forecast and issued a softer profit outlook for the current quarter, citing a slowdown in travel demand amid rising economic uncertainty driven by broad U.S. tariffs. In response, Delta plans to defer tariff-affected aircraft deliveries, cut planned capacity growth, and retire older aircraft to preserve margins and manage costs. While domestic and main cabin bookings have weakened, international and premium travel remain resilient. For Q2, Delta expects revenue to range from 2% lower to 2% higher YoY, with projected earnings between US$1.70 and US$2.30 per share, below the analyst consensus of US$2.30 at the midpoint. Looking ahead, Delta is taking a cautious, disciplined approach, focusing on cost efficiency and capacity management. Although the temporary pause on U.S. tariffs offers short-term relief, ongoing uncertainty may continue to weigh on consumer confidence and spending. 2Q25 recommended trading range: $38 to $50. Neutral Outlook.

達美航空 (DAL)

  • 25财年第一季度营收:140.4亿美元,同比增长2.1%,超出预期5.8亿美元。
  • 25财年第一季度Non-GAAP每股收益:0.46美元,超出预期0.07美元。
  • 25财年第二季度指引:预计总营收同比变动在-2%至2%之间,每股收益为1.70美元至2.30美元,而分析师平均预期为2.30美元。
  • 25财年全年指引:预计每股收益将超过7.35美元,高于市场预期的7.22美元。
  • 短评:达美航空公布的第一季度业绩超出分析师预期,调整后每股收益为0.46美元,营收为140.4亿美元。然而,由于美国普遍关税导致经济不确定性上升,旅行需求放缓,该航空公司暂未更新其2025年财务预测,并发布了当前季度较为疲软的盈利展望。为此,达美航空计划推迟受关税影响的飞机交付,削减原定的运力增长,并淘汰老旧飞机以维持利润率和管理成本。尽管国内和主舱预订有所减弱,但国际和高端旅行仍然保持韧性。第二季度,达美航空预计营收同比变动在-2%至2%之间,预计每股收益在1.70美元至2.30美元之间,低于分析师普遍预期中点的2.30美元。展望未来,达美航空正采取谨慎、有纪律的方法,专注于成本效率和运力管理。尽管美国关税的暂停提供了短期缓解,但持续的不确定性可能继续对消费者信心和支出构成压力。25财年第二季度建议交易区间:38美元至50美元。中性前景。