KGI Research Singapore

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

Technical Analysis – 11 October 2024

United States | Singapore | Hong Kong | Earnings

Crowdstrike Holdings, Inc. (CRWD US) A graph of stock market Description automatically generated

  • Shares closed at a high since July 2024 with more volume. 20dEMA just crossed the 200dEMA and the 50dEMA just crossed the 200dEMA.
  • MACD is positive, RSI is constructive.
  • Long – Entry 310 Target 350, Stop 290
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Datadog, Inc. (DDOG US)

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  • Shares closed at a high since July 2024. 20dEMA and 50dEMA just crossed the 200dEMA.
  • MACD is positive, RSI is at an overbought level.
  • Long – Entry 128 Target 138, Stop 123

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Singapore Post Ltd (SPOST SP)

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  • Shares closed higher above the 5dEMA with rising volume.
  • Both RSI and MACD are constructive.
  • Long – Entry 0.520, Target 0.550, Stop 0.505
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Japfa Ltd (JAP SP)

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  • Shares closed above the 5dEMA with rising volume.
  • MACD is positive, RSI is constructive.
  • Long – Entry 0.37 Target 0.39, Stop 0.36

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BOC Hong Kong Holdings Ltd (2388 HK)

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  • Shares closed at the 5dEMA with an increase in volume.
  • Both RSI and MACD are constructive.
  • Long – Entry 25, Target 27, Stop 24
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Pop Mart International Group Ltd (9992 HK) A graph of stock market Description automatically generated

  • Shares closed above the 5wEMA.
  • MACD is constructive, while RSI is at an overbought level.
  • Long – Entry 55.4, Target 61.0, Stop 52.6

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Delta Air Lines, Inc. (DAL)

  • 3Q24 Revenue: $14.59B, +0.3% YoY, miss estimates by $700M
  • 3Q24 Non-GAAP EPS: $1.50, miss estimates by $0.05
  • 4Q24 Guidance: Expect 4Q24 revenue to be up 2% – 4% YoY; Expect operating margin to be between 11% to 13%; Expect EPS to be in the range of $1.60 to $1.85, compared to consensus of $1.71.
  • Comment: Delta Air Lines reported disappointing third-quarter results for 3Q24, accompanied by weaker-than-expected guidance. The company previously disclosed that the CrowdStrike outage resulted in a $380mn revenue loss and a 45-cent reduction in earnings for the quarter. While the U.S. election may lead to a temporary pause in travel plans, management remains optimistic about a strong year-end finish, citing an improving industry outlook and robust travel bookings for the holiday season. Efforts by U.S. airlines to moderate capacity during the third quarter have also bolstered ticket pricing power across all regions, a trend expected to continue into the December quarter. Delta projects its 4Q24 pre-tax profit will grow 30% YoY to $1.4bn, potentially making it one of the most profitable fourth quarters in the company’s history. 4Q24 recommended trading range: $44 to $56. Neutral Outlook.

达美航空 (DAL)

  • 24财年第三季营收：145.9亿美元，同比增幅0.3%，逊预期7.0亿美元
  • 24财年第三季Non-GAAP每股盈利：1.50美元，逊预期0.05美元
  • 24财年第四季指引：预计第四季度营收将同比增长2%至4%；预计营业利润率将在11%至13%之间；预期每股收益在1.60美元至1.85美元之间，而市场预期为1.71美元。
  • 短评：达美航空公布了令人失望的第三季度业绩，其指引低于预期。该公司此前披露，CrowdStrike宕机导致该季度收入损失3.8亿美元，收益减少45美分。虽然美国大选可能导致旅游计划暂时暂停，但管理层仍对年底的强劲表现持乐观态度，理由是行业前景改善，假期旅游预订量强劲。美国航空公司在第三季度调整运力的努力也提振了所有地区的机票定价能力，预计这一趋势将持续到12月这个季度。达美航空预计，其第四季度税前利润将同比增长30%，达到14亿美元，这可能使其成为该公司历史上最赚钱的第四季度之一。24财年第四季度建议交易区间：44至56美元。中性前景。