Technical Analysis – 7 January 2025
United States | Singapore | Hong Kong | Earnings
Snap Inc. (SNAP US) 
- Shares closed higher above the 200dEMA. 5dEMA just crossed the 20dEMA and 50dEMA, and is about to cross the 200dEMA.
- MACD is about to turn positive, RSI is constructive.
- Long – Entry 12.3 Target 14.3, Stop 11.3
Pinterest, Inc. (PINS US)
- Shares closed higher above the 50dEMA. 5dEMA just crossed the 20dEMA and is about to cross the 50dEMA.
- MACD is positive, RSI is constructive.
- Long – Entry 32.0 Target 37.0 Stop 29.5
Grand Venture Technology Ltd. (GVTL SP)
- Shares closed at a 52-week high with a surge in volume.
- MACD is positive, RSI is at an overbought level.
- Long – Entry 0.850, Target 0.950, Stop 0.800
China Aviation Oil Singapore Corp Ltd. (CAO SP)
- Shares closed a high since October 2024 with a surge in volume.
- MACD is positive, RSI is constructive.
- Long – Entry 0.930 Target 0.990, Stop 0.900
China Oilfield Services Ltd (2883 HK)
- Shares closed at a one month high above the 200dEMA with rising volume.
- RSI is at an overbought level, while MACD is constructive.
- Long – Entry 7.44, Target 7.98, Stop 7.17
China Merchants Port Holdings Co Ltd (144 HK)
- Shares closed above the 5dEMA with a slight increase in volume.
- MACD is positive, RSI is constructive.
- Long – Entry 13.40 Target 14.14, Stop 13.03
Carnival Corporation & plc. (CCL)
- 4Q24 Revenue: $5.94B, +10.0% YoY, beat estimates by $10M
- 4Q24 Non-GAAP EPS: $0.14, beat estimates by $0.07
- 1Q25 Guidance: Expect adjusted EBITDA to be $1.04bn, above consensus of $1.03bn, expects adjusted EPS to be $0.00, above consensus of -$0.02; expects adjusted net income to be $1.0mn, compared to consensus of -$27.4mn.
- FY25 Guidance: Expects adjusted EBITDA to be $6.60bn, below consensus of $6.62bn; expects adjusted diluted EPS to be $1.70, below consensus of $1.73; expects adjusted net income to be $2.31bn, below consensus of $2.36bn.
- Comment: Carnival Corp delivered better-than-expected results and issued a positive outlook for the first quarter of 2025. The company achieved record booking volumes for 2025 and 2026, despite reduced inventory and typical seasonal slowdowns. With nearly two-thirds of 2025 bookings already secured, Carnival anticipates another year of robust yield growth. The company continues to drive shareholder value through improved operational efficiency across its fleet. Notably, Carnival has already achieved over 80% of its 2026 SEA Change EBITDA and adjusted ROIC targets, marking substantial progress toward its long-term objectives. Looking ahead, Carnival remains focused on sustaining its growth trajectory with an enhanced destination strategy, designed to deliver exclusive and unique experiences for its guests. 1Q25 recommended trading range: $25 to $32. Positive Outlook.
嘉年华 (CCL)
- 24财年第四季营收：59.4亿美元，同比增长10.0%，超出预期1000万美元
- 24财年第四季GAAP每股盈利：0.14美元，超出预期0.07美元
- 25财年第一季指引：预计调整后EBITDA为10.4亿美元，高于市场一致预期10.3亿美元；预计调整后每股摊薄收益为0美元，高于市场一致预期-0.02美元；预计调整后净收入为100万美元，相比市场一致预期-2740万美元。
- 25财年指引：预计调整后EBITDA为66亿美元，低于市场一致预期66.2亿美元；预计调整后每股摊薄收益为1.70美元，低于市场一致预期1.73美元；预计调整后净收入为23.1亿美元，低于市场一致预期23.6亿美元。
- 短评：嘉年华集团发布了超出预期的业绩，并对2025年第一季度的业绩持乐观态度。尽管库存减少且存在典型的季节性放缓，该公司仍实现了2025年和2026年的创纪录预订量。由于2025年近三分之二的预订已确认，嘉年华预计收益将继续强劲增长。该公司继续通过提高整个船队的运营效率来推动股东价值。值得注意的是，嘉年华已经实现了超过80%的2026年“海之变革”EBITDA和调整后ROIC目标，标志着朝着长期目标取得了重大进展。展望未来，嘉年华仍将专注于保持其增长轨迹，并实施增强的目的地战略，旨在为其客人提供独特而专属的体验。25财年第一季度建议交易区间：25至32美元。积极前景。