Technical Analysis – 28 May 2024
United States | Singapore | Hong Kong | Earnings
Crocs, Inc. (CROX US) 
- Shares closed at a 52-week high with constructive volume.
- MACD is positive, RSI is constructive.
- Long – Entry 148, Target 160, Stop 142
Levi Strauss & Co. (LEVI US)
- Shares closed higher above the 5dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 22.0, Target 24.0, Stop 21.0
COSCO SHIPPING International (Singapore) Co. Ltd. (COS SP)
- Shares closed higher above the 5dEMA with higher volume. 5dEMA just crossed the 200dEMA and 20dEMA just crossed the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 0.146, Target 0.156, Stop 0.141
Valuetronics Holdings Ltd. (VALUE SP)
- Shares closed at a 52-week high with a surge in volume.
- MACD is positive, RSI is at an “overbought” level.
- Long – Entry 0.640, Target 0.680, Stop 0.620
Yancoal Australia Ltd (3668 HK)
- Shares closed above the 52-week high above the 5dEMA with a jump in volume.
- Both MACD and RSI are constructive.
- Long – Entry 32.2, Target 34.8, Stop 30.9
China Longyuan Power Group Corp Ltd (916 HK)
- Shares closed at a 9-month high above the 5dEMA with a jump in volume. The 20dEMA crossed the 200dEMA.
- MACD is constructive, while RSI is at an overbought level.
- Long – Entry 6.9, Target 7.5, Stop 6.6
NetEase, Inc. (NTES)
- 1Q24 Revenue: $3.7B, +7.2% YoY, in line with estimates
- 1Q24 Non-GAAP EPADS: $1.84, beat estimates by $0.12
- FY24 Guidance: No guidance provided.
- 1Q24 Dividend: The company announced a dividend of $0.495 per ADS for 1Q24, payable on June 17 for holders of ordinary shares and on or around June 21 for holders of ADSs.
- Comment: NetEase reported mixed results, and reported net income below expectations. Revenue from games and related value-added services increased by 7.0% YoY to $3.0bn, with gross margin rising by 280 basis points to 69.5%. Other business segments also experienced revenue growth. With a diverse portfolio of high-quality games, the company highlights that it remains well-positioned to expand its global reach. At its annual product launch, NetEase announced updates on over 10 new titles, including the highly-anticipated triple-A game “Where Winds Meet,” set for release in July, amid strong domestic competition. The approval of 95 new video games in China in April and 96 in May also indicates a recovering gaming market. Additionally, NetEase repurchased approximately 8.9mn ADSs for $811mn as part of its $5.0bn stock buyback program announced in 2022. 2Q24 recommended trading range: $90 to $112. Positive Outlook.
网易 (NTES)
- 24财年第一季营收：37.0亿美元，同比跌幅7.2%，符合预期
- 24财年第一季Non-GAAP每股盈利：1.84美元，超预期0.12美元
- 24财指引：不提供指引。
- 24财第一季度股息：该公司宣布第一季度每股美国存托凭证的股息为0.495美元，普通股持有人将于6月17日支付股息，美国存托凭证持有人将于6月21日或前后支付股息。
- 短评：网易财报喜忧参半，净利润低于预期。游戏及相关增值服务收入同比增长7.0%至30亿美元，毛利率上升280个基点至69.5%。其他业务部门也经历了收入增长。凭借多样化的高质量游戏组合，该公司强调，它仍然处于扩大其全球影响力的有利地位。在其年度产品发布会上，网易宣布了10多款新游戏的更新，其中包括备受期待的3A级游戏《风相遇的地方》，该游戏将于7月在国内激烈的竞争中发布。中国4月份和5月份分别批准了95款和96款新视频游戏，这也表明游戏市场正在复苏。此外，作为2022年宣布的50亿美元股票回购计划的一部分，网易以8.11亿美元的价格回购了约890万股美国存托凭证。24财年第二季度建议交易区间：90美至112美元。中性前景。
