Technical Analysis – 12 November 2024
United States | Singapore | Hong Kong | Earnings
MARA Holdings, Inc. (MARA US) 
- Shares closed at a high since July 2024 with a surge in volume. 5dEMA and 20dEMA just crossed the 200dEMA, 50dEMA is about to cross the 200dEMA.
- MACD is positive, RSI is at an overbought level.
- Long – Entry 24.0 Target 28.0, Stop 22.0
Block, Inc. (SQ US)
- Shares closed at a high since March 2024 with a surge in volume.
- MACD is positive, RSI is at an overbought level.
- Long – Entry 82.0 Target 92.0, Stop 77.0
ComfortDelGro Corp Ltd (CD SP)
- Shares closed above the 5dEMA. 5dEMA recently crossed the 20dEMA.
- MACD is positive, while RSI is constructive.
- Long – Entry 1.48, Target 1.56, Stop 1.44
Sheng Siong Group Ltd (SSG SP)
- Shares closed higher above the 5dEMA with constructive volume.
- MACD is positive, RSI is at an overbought level.
- Long – Entry 1.63 Target 1.71, Stop 1.59
Hua Hong Semiconductor Ltd (1347 HK)
- Shares closed higher above the 5dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
- MACD just turned positive, RSI is constructive.
- Long – Entry 24.0, Target 27.0, Stop 22.5
Sunny Optical Technology Group (2382 HK) 
- Shares closed at a one-month high above the 200dEMA with a surge in volume. 20dEMA just crossed the 200dEMA and the 50dEMA is about to cross the 200dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 57.0, Target 65.0, Stop 53.0
Grab, Inc. (GRAB)
- 3Q24 Revenue: $716M, +16.4% YoY, beat estimates by $16M
- 3Q24 EPS: $0.01, beat estimates by $0.01
- FY24 Guidance: Raise FY24 outlook; expects revenue to be in the range of $2.76bn – $2.78bn, representing a growth of 17% – 18% YoY, and compared to previous guidance of between $2.70bn to $2.75bn; Expect adjusted EBITDA to be in the range of #308mn to $313mn, compared to $250mn to $270mn previously; Continue to expect adjusted free cash flow to be positive for FY24.
- Comment: Grab reported strong results, surpassing expectations with a return to profitability and raising its full-year 2024 revenue forecast, anticipating solid growth ahead. However, the company continues to face pressure to balance growth with profitability as competition from rivals like GoTo Group impacts margins in both the ride-hailing and food delivery sectors. Despite these challenges, Grab emphasized that recent strategic investments have accelerated growth in on-demand gross merchandise value (GMV). Following years of heavy spending to gain market share and fend off competitors, Grab remains focused on driving profitability. The company is also seeing strong momentum across its business as it heads into year-end and remains optimistic about Southeast Asia’s long-term growth potential, positioning itself to capture robust user demand across the region. 4Q24 recommended trading range: $4.5 to $6.0. Positive Outlook.
Grab (GRAB)
- 24财年第三季营收：7.16亿美元，同比增幅16.4%，超预期1,600万美元
- 24财年第三季每股盈利：0.01美元，超预期0.01美元
- 24年第四季度指引：调高24财年预期；预计收入将在27.6亿美元至27.8亿美元之间，同比增长17%至18%，而此前的指引在27.7亿美元至27.5亿美元之间；预计调整后的EBITDA将在3.08亿至3.13亿美元之间，而此前为2.5亿至2.7亿美元；继续预计调整后的自由现金流在24财年为正。
- 短评：Grab公布了强劲的业绩，超过了预期，恢复了盈利能力，并提高了2024年全年收入预测，预计未来将实现稳健增长。然而，该公司仍然面临平衡增长和盈利能力的压力，因为来自GoTo集团等竞争对手的竞争影响了网约车和外卖行业的利润率。尽管面临这些挑战，Grab强调，最近的战略投资加速了按需商品总交易额（GMV）的增长。多年来，Grab为获得市场份额和抵御竞争对手投入了大量资金，如今，它仍然专注于提高盈利能力。随着年底的临近，该公司也看到了整个业务的强劲势头，并对东南亚的长期增长潜力保持乐观，将自己定位于捕捉整个地区强劲的用户需求。24财年第四季度建议交易区间：4.5至6.0美元。积极前景。