Technical Analysis – 4 June 2024

United States | Singapore | Hong Kong | Earnings

e.l.f. Beauty, Inc. (ELF US)

• Shares closed higher above the 5dEMA. 20dEMA recently crossed the 50dEMA.
• MACD is positive, RSI is constructive.
• Long – Entry 193, Target 213, Stop 183

Philip Morris International Inc. (PM US)

• Shares closed at a 52-week high with a surge in volume.
• MACD is about to turn positive, RSI is at an overbought level.
• Long – Entry 102.4, Target 106.4, Stop 100.4

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COSCO Shipping International (Singapore) (COS SP)

• Shares closed higher above the 5dEMA with constructive volume.
• MACD is positive, RSI is constructive.
• Long – Entry 0.158, Target 0.170, Stop 0.152

DFI Retail Group Holdings Ltd. (DFI SP)

• Shares closed higher above the 50dEMA with a surge in volume. 5dEMA just crossed the 20dEMA.
• MACD is positive, RSI is constructive.
• Long – Entry 1.94, Target 2.04, Stop 1.89

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BYD Electronic International Co Ltd (285 HK)

• Shares closed at a high since Jan 2024, with a surge in volume. 50dEMA recently crossed the 200dEMA.
• MACD just turned positive, RSI is constructive.
• Long – Entry 35.7, Target 38.7, Stop 34.2

China Railway Signal & Communication Corp Ltd (3969 HK)

• Shares closed higher above the 5dEMA with a surge in volume.
• MACD is about to turn positive, RSI is constructive.
• Long – Entry 3.40, Target 3.60, Stop 3.30

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Gitlab Inc. (GTLB)

• 1Q25 Revenue: $169.19M, +33.3% YoY, beat estimates by $3.09M
• 1Q25 Non-GAAP EPS: $0.03, beat estimates by $0.07
• 2Q25 Guidance: Expect revenue to be in the range of $176.0mn – $177.0mn, vs consensus of $176.7mn; Non-GAAP operating income of $10.0mn-$11.0mn; Non-GAAP diluted EPS of $0.09 – $0.10, vs consensus of $0.05. FY25 Guidance: Expects Revenue to be in the range of $733mn to $737.0mn; Non-GAAP operating income of $34.0mn – $38.0mn; Non-GAAP diluted EPS of $0.34 to $0.37.
• Comment: GitLab reported better-than-expected results and raised its outlook, citing strong revenue as evidence of the significant value customers find in its end-to-end DevSecOps platform. The company is exploring ways to incorporate generative artificial intelligence features to enhance user experiences. During the quarter, GitLab announced the general availability of its new Duo Chat chatbot service, designed to provide customers with a “side-by-side assistant” within their software coding, testing, and deployment environments. Additionally, GitLab reported robust customer growth, with a 21% increase in customers generating at least $5,000 in annual revenue, totaling 8,976, and a 35% rise in customers providing at least $100,000 in annual revenue, reaching 1,025. Despite these gains, the company reported a GAAP net loss of $54.9 million for the quarter, up slightly from the $52.9 million loss a year ago, highlighting ongoing challenges in achieving profitability. 2Q25 recommended trading range: $40 to $55. Neutral Outlook.

Gitlab (GTLB)

• 25财年第一季营收：1.6919亿美元，同比增幅33.3%，超预期309万美元
• 25财年第一季每股盈利：0.03美元，超预期0.07美元
• 25财年第二季指引：预计营收在1.76亿美元至1.77亿美元之间，而市场预期为1.767亿美元；Non-GAAP营业收入为1,000万至1,100万美元；Non-GAAP摊薄每股收益为0.09至0.10美元，而市场预期为0.05美元。25财年指引：预计收入在7.33亿美元至7.37亿美元之间；Non-GAAP营业收入为3,400万美元至3,800万美元；Non-GAAP摊薄每股收益为0.34美元至0.37美元。
• 短评：GitLab公布了好于预期的业绩，并提高了其前景，理由是强劲的收入证明了客户在其端到端DevSecOps平台中发现的重要价值。该公司正在探索整合生成式人工智能功能，以增强用户体验。在本季度，GitLab宣布了其新的Duo Chat聊天机器人服务的全面可用性，旨在为客户提供软件编码、测试和部署环境中的“并行助手”。此外，GitLab报告了强劲的客户增长，年收入至少5,000美元的客户增长了21%，达到8,976家，年收入至少10万美元的客户增长了35%，达到1,025家。尽管取得了这些收益，但该公司报告本季度GAAP净亏损5,490万美元，略高于去年同期的5,290万美元，突显了实现盈利的持续挑战。25财年第二季度建议交易区间：40美至55美元。中性前景。

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