Technical Analysis – 3 December 2024
United States | Singapore | Hong Kong | Earnings
Skechers USA Inc (SKX US) 
- Shares closed above the 5dEMA with rising volume. The 50dEMA crossed the 200dEMA.
- RSI is constructive and MACD is positive.
- Long – Entry 65 Target 71, Stop 62
JAKKS Pacific Inc (JAKK US)
- Shares closed above the 5dEMA with rising volume.
- RSI is constructive and MACD turned positive.
- Long – Entry 29.1 Target 31.5 Stop 27.9
First Resources Ltd (FR SP)
- Shares closed above the 20dEMA with rising volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 1.50, Target 1.58, Stop 1.46
iFAST Corp Ltd (IFAST SP)
- Shares closed above the 5dEMA with rising volume.
- MACD is positive, RSI is constructive.
- Long – Entry 7.52 Target 8.00, Stop 7.28
XPeng Inc (9868 HK)
- Shares closed above the 20dEMA with rising volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 48, Target 52, Stop 46
Geely Automobile Holdings Ltd (175 HK) 
- Shares closed above the 5dEMA with rising volume.
- RSI is constructive and MACD turned positive.
- Long – Entry 14.2, Target 15.4, Stop 13.6
Zscaler Inc (ZS)
- 1Q25 Revenue: $627.96M, +26.4% YoY, beat estimates by $22.35M
- 1Q25 Non-GAAP EPS: $0.77, beat estimates by $0.14
- 2Q25 Guidance: Expect adjusted EPS to be $0.68 to $0.69 and revenue of $633M to $635M, compared with consensus of $0.68 and revenue of $633.1M.
- FY25 Guidance: Expect adjusted EPS to be $2.94 to $2.99 and revenue of $2.62B to $2.64B, up from prior estimates for EPS of $2.81 to $2.87 and revenue of between $2.60B to $2.62B.
- Comment: Zscaler delivered strong Q1 results, with revenue rising 26% YoY to US$628mn, surpassing estimates of US$606.19mn. Adjusted earnings per share came in at US$0.77, beating expectations of US$0.63. Deferred revenue increased 27% to US$1.78bn, while calculated billings grew 13% to US$516.7mn. Operating cash flow reached US$331.3mn, and free cash flow improved to US$291.9mn, up from US$224.7mn a year earlier. The company ended the quarter with US$2.71bn in cash and short-term investments. Zscaler raised its fiscal 2025 revenue guidance to US$2.62bn to US$2.64bn, up from US$2.60bn to US$2.62bn, and adjusted EPS to US$2.94 to US$2.99, compared to the prior range of US$2.81 to US$2.87. For Q2, it expects revenue of US$633mn to US$635mn and EPS of US$0.68 to US$0.69, aligning with analyst consensus. Its CEO attributed the success to strong customer engagement, effective sales execution, and opportunities created by Zero Trust and AI technologies. The company also announced CFO Remo Canessa’s retirement. While Zscaler faces stiff competition from larger rivals like Palo Alto Networks, rising global cyberattacks and increased enterprise spending on cybersecurity are expected to benefit its top lines. 2Q25 recommended trading range: $185 to $215. Neutral Outlook.
Zscaler (ZS)
- 25财年第一季营收：6.2796亿美元，同比增幅26.4%，超预期2,235万美元
- 25财年第一季Non-GAAP每股盈利：0.77美元，逊预期0.14美元。
- 25财年第二季指引：预计调整后每股收益为0.68美元至0.69美元，收入为6.33亿美元至6.35亿美元，而市场预期为0.68美元，收入为6.331亿美元。
- 25财年指引：预计调整后每股收益为2.94美元至2.99美元，营收26.2亿美元至26.4亿美元，高于此前预期的每股收益2.81美元至2.87美元，营收26.6亿美元至26.2亿美元。
- 短评：Zscaler发布了强劲的第一季度业绩，收入同比增长26%，达到6.28亿美元，超过预期的6.0619亿美元。调整后每股收益为0.77美元，超过了0.63美元的预期。递延收入增长27%至17.8亿美元，而计算账单增长13%至5.167亿美元。经营现金流达到3.313亿美元，自由现金流从去年同期的2.247亿美元改善至2.919亿美元。该公司在本季度结束时拥有27.1亿美元的现金和短期投资。Zscaler将其2025财年收入预期从26.6亿美元上调至26.4亿美元，从26.6亿美元上调至26.2亿美元，并将每股收益调整至2.94美元至2.99美元，而之前的区间为2.81美元至2.87美元。该公司预计第二季度营收为6.33亿美元至6.35亿美元，每股收益为0.68美元至0.69美元，与分析师预期一致。该公司首席执行官将成功归功于强大的客户参与度、有效的销售执行，以及零信任和人工智能技术创造的机会。该公司还宣布首席财务官雷莫·卡纳萨（Remo Canessa）退休。虽然Zscaler面临着来自派拓网络（Palo Alto Networks）等规模更大的竞争对手的激烈竞争，但全球网络攻击不断增加，企业在网络安全方面的支出也在增加，预计这将有利于Zscaler的营收。25财年第二季度建议交易区间：185至215美元。中性前景。