{"id":67882,"date":"2025-05-20T20:52:08","date_gmt":"2025-05-20T12:52:08","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=67882"},"modified":"2025-05-21T15:13:55","modified_gmt":"2025-05-21T07:13:55","slug":"technical-analysis-21-may-2025","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/","title":{"rendered":"Technical Analysis &#8211; 21 May 2025"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><a href=\"#us\">United States<\/a> |<a href=\"#sg\"> Singapore<\/a> |<a href=\"#hk\"> Hong Kong<\/a> |<a href=\"#ea\" title=\"\"> Earnings<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-49726-_5ifytjpamge8\"><\/a><img fetchpriority=\"high\" decoding=\"async\" title=\"us\" width=\"637\" height=\"135\" class=\"alignnone wp-image-49827\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Dollar Tree, Inc. (DLTR US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"2376\" height=\"1351\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67988\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115-300x171.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115-768x437.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-115-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since August 2024. <br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is at an overbought level.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 89.0, Target 97.0, Stop 85.0<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-48.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-67989\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-48.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-48-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Dollar General Corp. (DG US)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"2376\" height=\"1351\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67990\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116.png 2376w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116-300x171.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116-1024x582.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116-768x437.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116-1536x873.png 1536w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-116-2048x1164.png 2048w\" sizes=\"(max-width: 2376px) 100vw, 2376px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA.<br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is constructive.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 100, Target 114, Stop 93<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-4-1.png\" alt=\"\" class=\"wp-image-67991\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-4-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-4-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-67882-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-5-1.png\" class=\"wp-image-67992\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-5-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-5-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">HongKong Land Holdings Ltd. (HKL SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1452\" height=\"884\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-117.png\" alt=\"A graph of stock market\n\nAI-generated content may be incorrect.\" class=\"wp-image-67993\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-117.png 1452w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-117-300x183.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-117-1024x623.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-graph-of-stock-market-ai-generated-content-may-117-768x468.png 768w\" sizes=\"(max-width: 1452px) 100vw, 1452px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a 52-week high.<br>  <\/li>\n\n\n\n<li>MACD is positive, RSI is at an overbought level.<br>  <\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 5.10, Target 5.50, Stop 4.90<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-49.png\" alt=\"A line in a white background\n\nDescription automatically generated\" class=\"wp-image-67994\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-49.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-49-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Singapore Exchange Ltd. (SGX SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1452\" height=\"884\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-graph-ai-generated-content-may-7.png\" alt=\"A screenshot of a graph\n\nAI-generated content may be incorrect.\" class=\"wp-image-67995\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-graph-ai-generated-content-may-7.png 1452w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-graph-ai-generated-content-may-7-300x183.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-graph-ai-generated-content-may-7-1024x623.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-screenshot-of-a-graph-ai-generated-content-may-7-768x468.png 768w\" sizes=\"(max-width: 1452px) 100vw, 1452px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed higher above the 5dEMA. <br>  <\/li>\n\n\n\n<li>MACD is about to turn positive, RSI is constructive.<br>  <\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 14.0 Target 14.6, Stop 13.7<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-9-1.png\" alt=\"\" class=\"wp-image-67996\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-9-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-9-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-67882-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-10-1.png\" class=\"wp-image-67997\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-10-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-10-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">CGN Power Co Ltd (1816 HK) <\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"1439\" height=\"847\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-11-1.png\" alt=\"\" class=\"wp-image-67998\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-11-1.png 1439w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-11-1-300x177.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-11-1-1024x603.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-11-1-768x452.png 768w\" sizes=\"(max-width: 1439px) 100vw, 1439px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a four-month high above the 200dEMA with rising volume. The 20dEMA crossed the 50dEMA.  <br>  <\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<br>  <\/li>\n\n\n\n<li><strong>Long <\/strong>\u2013 <strong>Entry 2.62 Target 2.82, Stop 2.52<\/strong><br>    <br><br>    <br><br>    <figure><img loading=\"lazy\" decoding=\"async\" width=\"752\" height=\"160\" class=\"wp-image-67999\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-24.jpeg\" alt=\"A line in a white background\n\nDescription automatically generated\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-24.jpeg 752w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/a-line-in-a-white-background-description-automati-24-300x64.jpeg 300w\" sizes=\"(max-width: 752px) 100vw, 752px\" \/><\/figure><br>  <\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">China Resources Power Holdings Co Ltd (836 HK) <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1439\" height=\"847\" class=\"wp-image-68000\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-13-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-13-1.png 1439w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-13-1-300x177.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-13-1-1024x603.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-13-1-768x452.png 768w\" sizes=\"(max-width: 1439px) 100vw, 1439px\" \/><\/figure><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since October above the 5dEMA with rising volume. The 50dEMA is about to cross the 200dEMA.<br>  <\/li>\n\n\n\n<li>MACD is constructive while RSI is at an overbought level.<br>  <\/li>\n\n\n\n<li><strong>Long \u2013 Entry 19.9, Target 21.5, Stop 19.1<\/strong><br>    <br><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-14-1.png\" alt=\"\" class=\"wp-image-68001\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-14-1.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-14-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image\" id=\"ea\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-15-1.png\" alt=\"\" class=\"wp-image-68002\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-15-1.png 601w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/05\/word-image-67882-15-1-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Pony AI Inc. (PONY)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$13.98M (RMB101.6M), +11.7% YoY, beat estimates by $1.58M (RMB11.49M)<br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>-$0.10 (-RMB0.73), miss estimates by $0.09 (RMB0.66)<br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> No guidance provided. <br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Pony AI delivered mixed first quarter results with revenue of US$13.98mn (RMB 101.6mn) surpassing estimates and a net loss of US$0.10 per share, below estimates of a US$0.01 net loss per share. Its robotaxi services revenue was US$1.7mn, showing a 200.3% YoY growth, driven by the expansion of its public-facing fare-charging Robotaxi operations in Tier-1 cities in China as well as it optimizing operations for diverse user groups. Robotruck services revenues grew by 4.2% YoY to US$7.8mn, primarily driven by contributions from new clients. Licensing and applications revenues were flattish YoY at US$4.5mn, with increasing orders and delivery for autonomous domain controller sales, primarily driven by new robot-delivery clients. Its total operating expenses increased 56.3% YoY to US$58.4mn, primarily due to investments in mass production for Gen 7 and one-time expenses associated with share awards settled upon the completion of IPO. The company\u2019s newly launched Gen 7 autonomous driving system reduced bill-of-materials costs by 70% through innovations like 80% lower computing costs and 68% cheaper LiDAR. With partnerships with Tencent, Uber, and major OEMs, Pony.ai is scaling production to 1,000 Gen 7 vehicles by year-end, featuring automotive-grade components and an industry-leading 1:20 remote-assistant ratio that cuts operational costs. The company has expanded its Chinese operations to over 2,000 sq km and secured global footholds through testing permits in Luxembourg and Seoul, plus Middle East deployments via Uber. Backed by its PonyWorld AI that generates more than 10 billion km of weekly training data and US$738.5mn in cash reserves, Pony AI is optimizing toward breakeven despite current R&D investments, positioning 2025 as its inflection point for scalable autonomous mobility solutions worldwide. <strong>2Q25<\/strong> <strong>recommended trading range: $14 to $20. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5c0f\u9a6c\u667a\u884c (PONY)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a <\/strong>1,398\u4e07\u7f8e\u5143 (\u4eba\u6c11\u5e011.016\u4ebf\u5143)\uff0c\u540c\u6bd4\u589e\u957f11.7%\uff0c\u8d85\u51fa\u9884\u671f158\u4e07\u7f8e\u5143 (\u4eba\u6c11\u5e011,149\u4e07\u5143)<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u4e8f\u635f\uff1a <\/strong>0.10\u7f8e\u5143 (\u4eba\u6c11\u5e010.73\u5143)\uff0c\u4f4e\u4e8e\u9884\u671f0.09\u7f8e\u5143 (\u4eba\u6c11\u5e010.66\u5143)<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a <\/strong>\u672a\u63d0\u4f9b\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>\u5c0f\u9a6c\u667a\u884c\u7b2c\u4e00\u5b63\u5ea6\u4e1a\u7ee9\u559c\u5fe7\u53c2\u534a\uff0c\u8425\u65361,398\u4e07\u7f8e\u5143 (\u4eba\u6c11\u5e011.016\u4ebf\u5143) \u8d85\u51fa\u9884\u671f\uff0c\u4f46\u6bcf\u80a1\u51c0\u4e8f\u635f0.10\u7f8e\u5143\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u7684\u6bcf\u80a1\u51c0\u4e8f\u635f0.01\u7f8e\u5143\u3002\u5176Robotaxi\u670d\u52a1\u6536\u5165\u4e3a170\u4e07\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f200.3%\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5728\u4e2d\u56fd\u4e00\u7ebf\u57ce\u5e02\u9762\u5411\u516c\u4f17\u6536\u8d39\u7684Robotaxi\u4e1a\u52a1\u6269\u5c55\uff0c\u4ee5\u53ca\u9488\u5bf9\u4e0d\u540c\u7528\u6237\u7fa4\u4f53\u7684\u8fd0\u8425\u4f18\u5316\u3002Robotruck\u670d\u52a1\u6536\u5165\u540c\u6bd4\u589e\u957f4.2%\u81f3780\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u53d7\u65b0\u5ba2\u6237\u8d21\u732e\u7684\u63a8\u52a8\u3002\u6388\u6743\u548c\u5e94\u7528\u6536\u5165\u540c\u6bd4\u6301\u5e73\uff0c\u4e3a450\u4e07\u7f8e\u5143\uff0c\u8fd9\u5f97\u76ca\u4e8e\u65b0\u7684\u673a\u5668\u4eba\u914d\u9001\u5ba2\u6237\u63a8\u52a8\u7684\u81ea\u52a8\u9a7e\u9a76\u57df\u63a7\u5236\u5668\u9500\u552e\u8ba2\u5355\u548c\u4ea4\u4ed8\u589e\u52a0\u3002\u603b\u8fd0\u8425\u8d39\u7528\u540c\u6bd4\u589e\u957f56.3%\u81f35,840\u4e07\u7f8e\u5143\uff0c\u4e3b\u8981\u7531\u4e8eGen 7\u91cf\u4ea7\u6295\u8d44\u4ee5\u53ca\u9996\u6b21\u516c\u5f00\u52df\u80a1\u5b8c\u6210\u540e\u80a1\u6743\u5956\u52b1\u76f8\u5173\u7684\u4e00\u6b21\u6027\u8d39\u7528\u3002\u516c\u53f8\u65b0\u63a8\u51fa\u7684Gen 7\u81ea\u52a8\u9a7e\u9a76\u7cfb\u7edf\u901a\u8fc7\u521b\u65b0\u5c06\u7269\u6599\u6e05\u5355\u6210\u672c\u964d\u4f4e\u4e8670%\uff0c\u5176\u4e2d\u5305\u62ec\u8ba1\u7b97\u6210\u672c\u964d\u4f4e80%\u548c\u6fc0\u5149\u96f7\u8fbe\u6210\u672c\u964d\u4f4e68%\u3002\u901a\u8fc7\u4e0e\u817e\u8baf\u3001\u4f18\u6b65\u548c\u4e3b\u8981OEM\u5382\u5546\u7684\u5408\u4f5c\uff0c\u5c0f\u9a6c\u667a\u884c\u6b63\u5728\u6269\u5927\u751f\u4ea7\uff0c\u76ee\u6807\u662f\u5230\u5e74\u5e95\u751f\u4ea71,000\u8f86Gen 7\u6c7d\u8f66\uff0c\u8fd9\u4e9b\u6c7d\u8f66\u91c7\u7528\u6c7d\u8f66\u7ea7\u7ec4\u4ef6\u548c\u884c\u4e1a\u9886\u5148\u76841:20\u8fdc\u7a0b\u534f\u52a9\u6bd4\u4f8b\uff0c\u53ef\u964d\u4f4e\u8fd0\u8425\u6210\u672c\u3002\u516c\u53f8\u5df2\u5c06\u4e2d\u56fd\u4e1a\u52a1\u6269\u5c55\u52302,000\u5e73\u65b9\u516c\u91cc\u4ee5\u4e0a\uff0c\u5e76\u901a\u8fc7\u83b7\u5f97\u5362\u68ee\u5821\u548c\u9996\u5c14\u7684\u6d4b\u8bd5\u8bb8\u53ef\uff0c\u4ee5\u53ca\u901a\u8fc7\u4f18\u6b65\u5728\u4e2d\u4e1c\u7684\u90e8\u7f72\uff0c\u5728\u5168\u7403\u5efa\u7acb\u4e86\u7acb\u8db3\u70b9\u3002\u5728PonyWorld AI\u6bcf\u5468\u751f\u6210\u8d85\u8fc7100\u4ebf\u516c\u91cc\u8bad\u7ec3\u6570\u636e\u548c7.385\u4ebf\u7f8e\u5143\u73b0\u91d1\u50a8\u5907\u7684\u652f\u6301\u4e0b\uff0c\u5c3d\u7ba1\u76ee\u524d\u6295\u5165\u7814\u53d1\uff0c\u5c0f\u9a6c\u667a\u884c\u4ecd\u5728\u52aa\u529b\u5b9e\u73b0\u6536\u652f\u5e73\u8861\uff0c\u5c062025\u5e74\u5b9a\u4f4d\u4e3a\u5168\u7403\u53ef\u6269\u5c55\u81ea\u52a8\u9a7e\u9a76\u89e3\u51b3\u65b9\u6848\u7684\u62d0\u70b9\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a14\u7f8e\u5143\u81f320\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Home Depot Inc. (HD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$39.86B, +9.5% YoY, beat estimates by $610M <br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: <\/strong>$3.56, miss estimates by $0.03<br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> Expect total sales to grow by 2.8% and comparable sales, which take out the impact of one-time factors like store openings and calendar differences, to rise about 1%. Its forecast is based on continuing a U.S. agreement to temporarily lower tariffs to 30% on imports from China and 10% for many other countries.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Despite missing Wall Street\u2019s Q1 earnings estimates, Home Depot maintained its full-year guidance, expecting 2.8% sales growth and about 1% comparable sales growth. Net income dipped to US$3.43bn, US$3.45 per share, from US$3.60bn, US$3.63 per share in the year-ago period, while U.S. comparable sales edged up 0.2%, a rebound from February\u2019s weather-driven 3.3% decline to 1.8% growth in April. Its CFO emphasised price stability despite tariffs, leveraging diversified sourcing, with no single foreign supplier exceeding 10% of purchases by 2025 and scale to avoid hikes. The housing market slowdown has shifted demand toward smaller projects, but Home Depot is gaining traction with pro contractors through its SRS Distribution acquisition, which sells roofing, pool and landscaping supplies. Looking ahead, Home Depot remains confident in its ability to navigate macroeconomic headwinds, including elevated interest rates and tariff pressures, by leveraging its supply chain resilience and pro-customer focus. Its strategic acquisition of SRS Distribution alongside its pricing strategy will enable it to capture market share as housing trends stabilise in the future and pent-up demand for larger projects potentially accelerate sales momentum. <strong>2Q25<\/strong> <strong>recommended trading range: $350 to $390. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u5bb6\u5f97\u5b9d (HD)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536<\/strong>\uff1a 398.6\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f9.5%\uff0c\u8d85\u51fa\u9884\u671f6.1\u4ebf\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a <\/strong>3.56\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.03\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a <\/strong>\u9884\u8ba1\u603b\u9500\u552e\u989d\u589e\u957f2.8%\uff0c\u53ef\u6bd4\u9500\u552e\u989d\uff08\u5254\u9664\u95e8\u5e97\u5f00\u4e1a\u548c\u65e5\u5386\u5dee\u5f02\u7b49\u4e00\u6b21\u6027\u56e0\u7d20\u7684\u5f71\u54cd\uff09\u589e\u957f\u7ea61%\u3002\u5176\u9884\u6d4b\u57fa\u4e8e\u7f8e\u56fd\u7ee7\u7eed\u6682\u65f6\u5c06\u4ece\u4e2d\u56fd\u8fdb\u53e3\u7684\u5173\u7a0e\u964d\u81f330%\uff0c\u4ee5\u53ca\u5bf9\u8bb8\u591a\u5176\u4ed6\u56fd\u5bb6\u8fdb\u53e3\u7684\u5173\u7a0e\u964d\u81f310%\u7684\u534f\u8bae\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>\u5c3d\u7ba1\u7b2c\u4e00\u5b63\u5ea6\u76c8\u5229\u672a\u8fbe\u534e\u5c14\u8857\u9884\u671f\uff0c\u5bb6\u5f97\u5b9d\u4ecd\u7ef4\u6301\u5176\u5168\u5e74\u6307\u5f15\uff0c\u9884\u8ba1\u9500\u552e\u989d\u589e\u957f2.8%\uff0c\u53ef\u6bd4\u9500\u552e\u989d\u589e\u957f\u7ea61%\u3002\u51c0\u5229\u6da6\u4ece\u53bb\u5e74\u540c\u671f\u768436.0\u4ebf\u7f8e\u5143\u3001\u6bcf\u80a13.63\u7f8e\u5143\u964d\u81f334.3\u4ebf\u7f8e\u5143\u3001\u6bcf\u80a13.45\u7f8e\u5143\uff0c\u800c\u7f8e\u56fd\u53ef\u6bd4\u9500\u552e\u989d\u5c0f\u5e45\u589e\u957f0.2%\uff0c\u4ece2\u6708\u4efd\u53d7\u5929\u6c14\u5f71\u54cd\u76843.3%\u4e0b\u964d\u53cd\u5f39\u81f34\u6708\u4efd\u76841.8%\u589e\u957f\u3002\u5176\u9996\u5e2d\u8d22\u52a1\u5b98\u5f3a\u8c03\uff0c\u5c3d\u7ba1\u6709\u5173\u7a0e\uff0c\u4f46\u4ef7\u683c\u4fdd\u6301\u7a33\u5b9a\uff0c\u8fd9\u5f97\u76ca\u4e8e\u591a\u5143\u5316\u7684\u91c7\u8d2d\uff0c\u52302025\u5e74\u6ca1\u6709\u4efb\u4f55\u5355\u4e00\u5916\u56fd\u4f9b\u5e94\u5546\u7684\u91c7\u8d2d\u91cf\u8d85\u8fc710%\uff0c\u5e76\u4e14\u901a\u8fc7\u89c4\u6a21\u6548\u5e94\u907f\u514d\u4e86\u4ef7\u683c\u4e0a\u6da8\u3002\u4f4f\u623f\u5e02\u573a\u653e\u7f13\u5df2\u5c06\u9700\u6c42\u8f6c\u5411\u5c0f\u578b\u9879\u76ee\uff0c\u4f46\u5bb6\u5f97\u5b9d\u901a\u8fc7\u6536\u8d2dSRS Distribution\uff08\u9500\u552e\u5c4b\u9876\u3001\u6cf3\u6c60\u548c\u56ed\u6797\u7eff\u5316\u7528\u54c1\uff09\u5728\u4e13\u4e1a\u627f\u5305\u5546\u4e2d\u83b7\u5f97\u4e86\u5438\u5f15\u529b\u3002\u5c55\u671b\u672a\u6765\uff0c\u5bb6\u5f97\u5b9d\u5bf9\u5176\u5e94\u5bf9\u5b8f\u89c2\u7ecf\u6d4e\u9006\u98ce\uff08\u5305\u62ec\u5229\u7387\u4e0a\u5347\u548c\u5173\u7a0e\u538b\u529b\uff09\u7684\u80fd\u529b\u5145\u6ee1\u4fe1\u5fc3\uff0c\u8fd9\u5f97\u76ca\u4e8e\u5176\u4f9b\u5e94\u94fe\u5f39\u6027\u548c\u5bf9\u4e13\u4e1a\u5ba2\u6237\u7684\u5173\u6ce8\u3002\u5bf9SRS Distribution\u7684\u6218\u7565\u6027\u6536\u8d2d\u4ee5\u53ca\u5176\u5b9a\u4ef7\u7b56\u7565\u5c06\u4f7f\u5176\u80fd\u591f\u5728\u672a\u6765\u4f4f\u623f\u8d8b\u52bf\u7a33\u5b9a\u548c\u5bf9\u5927\u578b\u9879\u76ee\u7684\u538b\u6291\u9700\u6c42\u53ef\u80fd\u52a0\u901f\u9500\u552e\u52bf\u5934\u65f6\uff0c\u6293\u4f4f\u5e02\u573a\u4efd\u989d\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a350\u7f8e\u5143\u81f3390\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Bilibili Inc. (BILI)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$965.1M (RMB7B), +24% YoY <br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> No guidance provided. <br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Bilibili delivered strong growth in Q1, with total revenue rising 24% YoY to RMB 7bn, driven by a 76% surge in game revenue to RMB 1.73bn and 20% growth in advertising to RMB 2bn. High-margin businesses and operating efficiencies expanded gross profit by 58% YoY, lifting the gross margin to 36.3% compared to 28.3% in 1Q24. The company achieved a positive adjusted net profit of RMB 362mn and slashed its GAAP net loss by 99% YoY to RMB 11mn. User engagement hit record highs, MAUs grew to 368 million, DAUs reached 107 million, and average daily time spent climbed to 108 minutes. The platform\u2019s Gen Z+ user base, with an average age of 26, demonstrated growing purchasing power, fuelling demand for gaming, AI, and lifestyle content. Bilibili\u2019s creator ecosystem thrived, with 1.5 million monetized creators, with 200% YoY increase in fan-driven income. Strategic initiatives, such as the CCTV Chinese New Year Gala collaboration and global anime releases boosted brand awareness. AI-powered ad tools and performance-based advertising grew more than 30% YoY, while SLG game Sangho and legacy titles like FGO and Azure Lane drove gaming momentum. Looking ahead, Bilibili is poised to continue to capitalize on its community growth and commercialization. With a loyal Gen Z+ user base entering peak spending years, the company will continue to deepen monetization through enhanced ad targeting, live streaming, and fan-creator ecosystems. Its gaming pipeline is also expected to sustain high-margin growth. AI innovation, from content discovery to ad efficiency, will further optimize engagement and revenue. <strong>2Q25<\/strong> <strong>recommended trading range: $17 to $23. Positive Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u54d4\u54e9\u54d4\u54e9\u516c\u53f8 (BILI)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a<\/strong>9.651\u4ebf\u7f8e\u5143\uff08\u4eba\u6c11\u5e0170\u4ebf\u5143\uff09\uff0c\u540c\u6bd4\u589e\u957f24%<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u672a\u63d0\u4f9b\u6307\u5f15\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>\u54d4\u54e9\u54d4\u54e9\u5728\u7b2c\u4e00\u5b63\u5ea6\u5b9e\u73b0\u4e86\u5f3a\u52b2\u589e\u957f\uff0c\u603b\u8425\u6536\u540c\u6bd4\u589e\u957f24%\u81f3\u4eba\u6c11\u5e0170\u4ebf\u5143\uff0c\u4e3b\u8981\u5f97\u76ca\u4e8e\u6e38\u620f\u6536\u5165\u6fc0\u589e76%\u81f3\u4eba\u6c11\u5e0117.3\u4ebf\u5143\uff0c\u4ee5\u53ca\u5e7f\u544a\u6536\u5165\u589e\u957f20%\u81f3\u4eba\u6c11\u5e0120\u4ebf\u5143\u3002\u9ad8\u5229\u6da6\u4e1a\u52a1\u548c\u8fd0\u8425\u6548\u7387\u4f7f\u6bdb\u5229\u6da6\u540c\u6bd4\u589e\u957f58%\uff0c\u6bdb\u5229\u7387\u63d0\u5347\u81f336.3%\uff0c\u76f8\u6bd4\u4e8e2024\u5e74\u7b2c\u4e00\u5b63\u5ea6\u768428.3%\u3002\u516c\u53f8\u5b9e\u73b0\u4e86\u4eba\u6c11\u5e013.62\u4ebf\u5143\u7684\u6b63\u5411\u8c03\u6574\u540e\u51c0\u5229\u6da6\uff0cGAAP\u51c0\u4e8f\u635f\u540c\u6bd4\u51cf\u5c1199%\u81f3\u4eba\u6c11\u5e011100\u4e07\u5143\u3002\u7528\u6237\u53c2\u4e0e\u5ea6\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c\u6708\u6d3b\u8dc3\u7528\u6237\uff08MAU\uff09\u589e\u957f\u81f33.68\u4ebf\uff0c\u65e5\u6d3b\u8dc3\u7528\u6237\uff08DAU\uff09\u8fbe\u52301.07\u4ebf\uff0c\u5e73\u5747\u6bcf\u65e5\u4f7f\u7528\u65f6\u957f\u63d0\u5347\u81f3108\u5206\u949f\u3002\u8be5\u5e73\u53f0\u7684Z\u4e16\u4ee3+\u7528\u6237\u7fa4\u4f53\uff0c\u5e73\u5747\u5e74\u9f84\u4e3a26\u5c81\uff0c\u663e\u793a\u51fa\u8d8a\u6765\u8d8a\u5f3a\u7684\u8d2d\u4e70\u529b\uff0c\u63a8\u52a8\u4e86\u5bf9\u6e38\u620f\u3001\u4eba\u5de5\u667a\u80fd\u548c\u751f\u6d3b\u65b9\u5f0f\u5185\u5bb9\u7684\u9700\u6c42\u3002\u54d4\u54e9\u54d4\u54e9\u7684\u521b\u4f5c\u8005\u751f\u6001\u7cfb\u7edf\u84ec\u52c3\u53d1\u5c55\uff0c\u62e5\u6709150\u4e07\u540d\u521b\u6536\u521b\u4f5c\u8005\uff0c\u7c89\u4e1d\u9a71\u52a8\u7684\u6536\u5165\u540c\u6bd4\u589e\u957f200%\u3002\u6218\u7565\u4e3e\u63aa\uff0c\u5982\u4e0e\u592e\u89c6\u6625\u665a\u7684\u5408\u4f5c\u548c\u5168\u7403\u52a8\u6f2b\u53d1\u884c\uff0c\u63d0\u5347\u4e86\u54c1\u724c\u77e5\u540d\u5ea6\u3002\u57fa\u4e8e\u4eba\u5de5\u667a\u80fd\u7684\u5e7f\u544a\u5de5\u5177\u548c\u57fa\u4e8e\u8868\u73b0\u7684\u5e7f\u544a\u540c\u6bd4\u589e\u957f\u8d85\u8fc730%\uff0c\u800cSLG\u6e38\u620f\u300a\u4e09\u56fd\u5fd7\u300b\u548c\u7ecf\u5178\u4f5c\u54c1\u5982\u300aFGO\u300b\u548c\u300a\u78a7\u84dd\u822a\u7ebf\u300b\u5219\u63a8\u52a8\u4e86\u6e38\u620f\u7684\u589e\u957f\u3002\u5c55\u671b\u672a\u6765\uff0c\u54d4\u54e9\u54d4\u54e9\u6709\u671b\u7ee7\u7eed\u5229\u7528\u5176\u793e\u533a\u589e\u957f\u548c\u5546\u4e1a\u5316\u7684\u673a\u4f1a\u3002\u968f\u7740\u5fe0\u5b9e\u7684Z\u4e16\u4ee3+\u7528\u6237\u7fa4\u4f53\u8fdb\u5165\u6d88\u8d39\u9ad8\u5cf0\u671f\uff0c\u516c\u53f8\u5c06\u7ee7\u7eed\u901a\u8fc7\u589e\u5f3a\u5e7f\u544a\u7cbe\u51c6\u6295\u653e\u3001\u76f4\u64ad\u548c\u7c89\u4e1d\u521b\u4f5c\u8005\u751f\u6001\u7cfb\u7edf\u6765\u52a0\u6df1\u5546\u4e1a\u5316\u3002\u5176\u6e38\u620f\u7ba1\u9053\u4e5f\u9884\u8ba1\u5c06\u6301\u7eed\u9ad8\u5229\u6da6\u589e\u957f\u3002\u4eba\u5de5\u667a\u80fd\u521b\u65b0\uff0c\u4ece\u5185\u5bb9\u53d1\u73b0\u5230\u5e7f\u544a\u6548\u7387\uff0c\u5c06\u8fdb\u4e00\u6b65\u4f18\u5316\u7528\u6237\u53c2\u4e0e\u5ea6\u548c\u6536\u5165\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a17\u7f8e\u5143\u81f323\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Viking Holdings Ltd. (VIK)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>1Q25 Revenue: <\/strong>$897.06M, +24.9% YoY, beat estimates by $55.88M <br>  <\/li>\n\n\n\n<li><strong>1Q25 Non-GAAP EPS: \u2013<\/strong>$0.24, beat estimates by $0.03<br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance:<\/strong> No guidance provided. <br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Viking Holdings delivered better-than-expected results for the quarter, supported by a 14.9% year-over-year increase in capacity passenger cruise days, driven by the addition of two new river vessels and one ocean ship in 2024. Quarterly occupancy reached 94.5%. As of May 11, Viking had sold 92% of its capacity for the 2025 season and 37% for 2026, though the 2026 booking pace is slightly behind last year\u2019s levels. The company expects to take delivery of one ocean ship and nine river vessels over the remainder of 2025. While management expressed optimism, forward guidance remains somewhat vague. Broader industry trends are also mixed\u2014some peers are ramping up capacity in response to sustained demand, while others are noting early signs of softness in future bookings. <strong>2Q25<\/strong> <strong>recommended trading range: $40 to $50. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Viking Holdings Ltd. (VIK)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63\u8425\u6536\uff1a <\/strong>8.9706\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f24.9%\uff0c\u8d85\u51fa\u9884\u671f5,588\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e00\u5b63Non-GAAP\u6bcf\u80a1\u4e8f\u635f\uff1a <\/strong>0.24\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.03\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a \u672a\u63d0\u4f9b\u6307\u5f15\u3002<\/strong><br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>Viking Holdings \u672c\u5b63\u5ea6\u4e1a\u7ee9\u597d\u4e8e\u9884\u671f\uff0c\u8fd9\u5f97\u76ca\u4e8e2024\u5e74\u65b0\u589e\u4e24\u8258\u5185\u6cb3\u8239\u548c\u4e00\u8258\u8fdc\u6d0b\u8239\uff0c\u4f7f\u8f7d\u5ba2\u90ae\u8f6e\u5929\u6570\u540c\u6bd4\u589e\u957f14.9%\u3002\u672c\u5b63\u5ea6\u5165\u4f4f\u7387\u8fbe\u523094.5%\u3002\u622a\u81f35\u670811\u65e5\uff0cViking \u5df2\u552e\u51fa2025\u5e7492%\u7684\u8fd0\u529b\u4ee5\u53ca2026\u5e7437%\u7684\u8fd0\u529b\uff0c\u5c3d\u7ba12026\u5e74\u7684\u9884\u8ba2\u901f\u5ea6\u7565\u4f4e\u4e8e\u53bb\u5e74\u540c\u671f\u6c34\u5e73\u3002\u516c\u53f8\u9884\u8ba1\u57282025\u5e74\u5269\u4f59\u65f6\u95f4\u91cc\u5c06\u4ea4\u4ed8\u4e00\u8258\u8fdc\u6d0b\u8239\u548c\u4e5d\u8258\u5185\u6cb3\u8239\u3002\u5c3d\u7ba1\u7ba1\u7406\u5c42\u8868\u8fbe\u4e86\u4e50\u89c2\u60c5\u7eea\uff0c\u4f46\u524d\u77bb\u6027\u6307\u5f15\u4ecd\u6709\u4e9b\u6a21\u7cca\u3002\u66f4\u5e7f\u6cdb\u7684\u884c\u4e1a\u8d8b\u52bf\u4e5f\u559c\u5fe7\u53c2\u534a\u2014\u2014\u4e00\u4e9b\u540c\u884c\u6b63\u5728\u6269\u5927\u8fd0\u529b\u4ee5\u5e94\u5bf9\u6301\u7eed\u7684\u9700\u6c42\uff0c\u800c\u53e6\u4e00\u4e9b\u5219\u6ce8\u610f\u5230\u672a\u6765\u9884\u8ba2\u51fa\u73b0\u75b2\u8f6f\u7684\u65e9\u671f\u8ff9\u8c61\u3002<strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a40\u7f8e\u5143\u81f350\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Palo Alto Networks Inc. (PANW)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>3Q25 Revenue: <\/strong>$2.29B, +15.7% YoY, beat estimates by $10M <br>  <\/li>\n\n\n\n<li><strong>3Q25 Non-GAAP EPS: <\/strong>$0.80, beat estimates by $0.03<br>  <\/li>\n\n\n\n<li><strong>4Q25 Guidance:<\/strong> Expect revenue to be between $2.49bn to $2.51bn (midpoint of $2.50bn in-line with consensus; Expect Non-GAAP EPS to be between $0.87 to $0.89. midpoint of $0.88 above estimates of $0.87. <br>  <\/li>\n\n\n\n<li><strong>FY25 Guidance: <\/strong>Expect revenue to be between $9.17bn to $9.19bn (midpoint of $9.18bn in line with consensus; Expect Non-GAAP EPS to be between $3.26 to $3.28. midpoint of $3.27 above estimates of $3.23; Expect Next-Generation Security ARR to be between $5.52bn to $5.57bn; Expect remaining performance obligation to be between $15.2bn to $15.3bn.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Palo Alto Networks reported strong third-quarter fiscal 2025 results, with earnings and revenue exceeding expectations, though gross margin came in slightly below consensus. The performance was driven by continued momentum in its Next-Generation Security (NGS) portfolio, with NGS annual recurring revenue rising 34% year-over-year to $5.09 billion. Remaining performance obligations reached $13.5 billion, up 19% from a year ago, while operating income increased 23% to $627 million. However, the company posted a non-GAAP gross margin of 76%, missing market expectations of 77.2%. Management noted a slowdown in firewall appliance sales but emphasized the growing contribution of its cloud-based security offerings, which have expanded significantly through acquisitions. Looking ahead, the company issued upbeat guidance, signaling confidence in its business trajectory despite some near-term demand pressures. <strong>4Q25<\/strong> <strong>recommended trading range: $170 to $200. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6d3e\u62d3\u7f51\u7edc (PANW)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e09\u5b63\u8425\u6536\uff1a <\/strong>22.9\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f15.7%\uff0c\u8d85\u51fa\u9884\u671f1,000\u4e07\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e09\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a <\/strong>0.80\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.03\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u56db\u5b63\u6307\u5f15\uff1a <\/strong>\u9884\u8ba1\u8425\u6536\u572824.9\u4ebf\u7f8e\u5143\u81f325.1\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff08\u4e2d\u70b925.0\u4ebf\u7f8e\u5143\u4e0e\u5e02\u573a\u9884\u671f\u4e00\u81f4\uff09\uff1b\u9884\u8ba1Non-GAAP\u6bcf\u80a1\u6536\u76ca\u57280.87\u7f8e\u5143\u81f30.89\u7f8e\u5143\u4e4b\u95f4\uff08\u4e2d\u70b90.88\u7f8e\u5143\u9ad8\u4e8e\u5e02\u573a\u9884\u671f0.87\u7f8e\u5143\uff09\u3002<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a <\/strong>\u9884\u8ba1\u8425\u6536\u572891.7\u4ebf\u7f8e\u5143\u81f391.9\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff08\u4e2d\u70b991.8\u4ebf\u7f8e\u5143\u4e0e\u5e02\u573a\u9884\u671f\u4e00\u81f4\uff09\uff1b\u9884\u8ba1Non-GAAP\u6bcf\u80a1\u6536\u76ca\u57283.26\u7f8e\u5143\u81f33.28\u7f8e\u5143\u4e4b\u95f4\uff08\u4e2d\u70b93.27\u7f8e\u5143\u9ad8\u4e8e\u5e02\u573a\u9884\u671f3.23\u7f8e\u5143\uff09\uff1b\u9884\u8ba1\u4e0b\u4e00\u4ee3\u5b89\u5168\u5e74\u5ea6\u7ecf\u5e38\u6027\u6536\u5165\uff08ARR\uff09\u572855.2\u4ebf\u7f8e\u5143\u81f355.7\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff1b\u9884\u8ba1\u5269\u4f59\u5c65\u7ea6\u4e49\u52a1\u5728152\u4ebf\u7f8e\u5143\u81f3153\u4ebf\u7f8e\u5143\u4e4b\u95f4\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>\u6d3e\u62d3\u7f51\u7edc\u516c\u5e03\u4e86\u5f3a\u52b2\u76842025\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u76c8\u5229\u548c\u8425\u6536\u5747\u8d85\u51fa\u9884\u671f\uff0c\u5c3d\u7ba1\u6bdb\u5229\u7387\u7565\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u3002\u4e1a\u7ee9\u5f97\u76ca\u4e8e\u5176\u4e0b\u4e00\u4ee3\u5b89\u5168\uff08NGS\uff09\u4ea7\u54c1\u7ec4\u5408\u7684\u6301\u7eed\u589e\u957f\u52bf\u5934\uff0cNGS\u5e74\u5ea6\u7ecf\u5e38\u6027\u6536\u5165\u540c\u6bd4\u589e\u957f34%\u81f350.9\u4ebf\u7f8e\u5143\u3002\u5269\u4f59\u5c65\u7ea6\u4e49\u52a1\u8fbe\u5230135\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f19%\uff0c\u800c\u8fd0\u8425\u6536\u5165\u589e\u957f23%\u81f36.27\u4ebf\u7f8e\u5143\u3002\u7136\u800c\uff0c\u516c\u53f8\u516c\u5e03\u7684Non-GAAP\u6bdb\u5229\u7387\u4e3a76%\uff0c\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\u768477.2%\u3002\u7ba1\u7406\u5c42\u6307\u51fa\u9632\u706b\u5899\u8bbe\u5907\u9500\u552e\u653e\u7f13\uff0c\u4f46\u5f3a\u8c03\u5176\u57fa\u4e8e\u4e91\u7684\u5b89\u5168\u4ea7\u54c1\u8d21\u732e\u65e5\u76ca\u589e\u957f\uff0c\u8fd9\u4e9b\u4ea7\u54c1\u901a\u8fc7\u6536\u8d2d\u5f97\u5230\u4e86\u663e\u8457\u6269\u5c55\u3002\u5c55\u671b\u672a\u6765\uff0c\u516c\u53f8\u53d1\u5e03\u4e86\u4e50\u89c2\u7684\u6307\u5f15\uff0c\u8868\u660e\u5c3d\u7ba1\u9762\u4e34\u4e00\u4e9b\u8fd1\u671f\u9700\u6c42\u538b\u529b\uff0c\u4f46\u5bf9\u5176\u4e1a\u52a1\u53d1\u5c55\u8f68\u8ff9\u5145\u6ee1\u4fe1\u5fc3\u3002<strong>25\u8d22\u5e74\u7b2c\u56db\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a170\u7f8e\u5143\u81f3200\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Toll Brothers Inc. (TOL)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>2Q25 Revenue: <\/strong>$2.74B, -3.5% YoY, beat estimates by $250M <br>  <\/li>\n\n\n\n<li><strong>2Q25 Non-GAAP EPS: <\/strong>$3.50, beat estimates by $0.64<br>  <\/li>\n\n\n\n<li><strong>3Q25 Guidance:<\/strong> Expect 3Q25 deliveries of 2.8K-3.0K homes (midpoint 2.9K), vs consensus of 2,987 homes. Average delivered price per home for the quarter is expected to be $965K-$985K (midpoint $975K). <strong>FY25 Guidance:<\/strong> The company reaffirmed its full-year outlook, expecting to deliver 11,200-11,600 units.<br>  <\/li>\n\n\n\n<li><strong>Comment:<\/strong> Toll Brothers delivered solid quarterly results and reaffirmed its full-year guidance. Home-building revenue grew 2.2% year-over-year to $2.71 billion, helping to offset an 83% decline in land sales, which fell to $32.6 million. While management acknowledged a softer demand environment this quarter, they remain confident in the long-term prospects of the new home market\u2014especially in the luxury segment\u2014citing persistent housing shortages and supportive demographic trends. However, the recent U.S. credit rating downgrade by Moody\u2019s pushed the average 30-year mortgage rate back above 7%, which could pose near-term headwinds as higher borrowing costs may dampen consumer spending on housing. <strong>3Q25<\/strong> <strong>recommended trading range: $95 to $125. Neutral Outlook. <\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>\u6258\u5c14\u5144\u5f1f(TOL)<\/strong>\n<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63\u8425\u6536\uff1a <\/strong>27.4\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u4e0b\u964d3.5%\uff0c\u8d85\u51fa\u9884\u671f2.5\u4ebf\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e8c\u5b63Non-GAAP\u6bcf\u80a1\u6536\u76ca\uff1a <\/strong>3.50\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.64\u7f8e\u5143<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u7b2c\u4e09\u5b63\u6307\u5f15\uff1a <\/strong>\u9884\u8ba125\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u4ea4\u4ed82,800-3,000\u5957\u623f\u5c4b\uff08\u4e2d\u70b92,900\u5957\uff09\uff0c\u5e02\u573a\u9884\u671f\u4e3a2,987\u5957\u3002\u672c\u5b63\u5ea6\u6bcf\u5957\u623f\u5c4b\u7684\u5e73\u5747\u4ea4\u4ed8\u4ef7\u683c\u9884\u8ba1\u4e3a96.5\u4e07\u7f8e\u5143-98.5\u4e07\u7f8e\u5143\uff08\u4e2d\u70b997.5\u4e07\u7f8e\u5143\uff09\u3002<br>  <\/li>\n\n\n\n<li><strong>25\u8d22\u5e74\u6307\u5f15\uff1a <\/strong>\u516c\u53f8\u91cd\u7533\u5176\u5168\u5e74\u5c55\u671b\uff0c\u9884\u8ba1\u4ea4\u4ed811,200-11,600\u5957\u623f\u5c4b\u3002<br>  <\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a <\/strong>Toll Brothers \u516c\u5e03\u4e86\u7a33\u5065\u7684\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u5e76\u91cd\u7533\u4e86\u5176\u5168\u5e74\u6307\u5f15\u3002\u623f\u5c4b\u5efa\u9020\u6536\u5165\u540c\u6bd4\u589e\u957f2.2%\u81f327.1\u4ebf\u7f8e\u5143\uff0c\u8fd9\u6709\u52a9\u4e8e\u62b5\u6d88\u571f\u5730\u9500\u552e83%\u7684\u4e0b\u964d\uff0c\u571f\u5730\u9500\u552e\u989d\u964d\u81f33,260\u4e07\u7f8e\u5143\u3002\u5c3d\u7ba1\u7ba1\u7406\u5c42\u627f\u8ba4\u672c\u5b63\u5ea6\u9700\u6c42\u73af\u5883\u6709\u6240\u75b2\u8f6f\uff0c\u4f46\u4ed6\u4eec\u5bf9\u65b0\u623f\u5e02\u573a\uff08\u5c24\u5176\u662f\u8c6a\u534e\u4f4f\u5b85\u9886\u57df\uff09\u7684\u957f\u671f\u524d\u666f\u4ecd\u5145\u6ee1\u4fe1\u5fc3\uff0c\u7406\u7531\u662f\u6301\u7eed\u7684\u4f4f\u623f\u77ed\u7f3a\u548c\u652f\u6301\u6027\u7684\u4eba\u53e3\u8d8b\u52bf\u3002\u7136\u800c\uff0c\u7a46\u8fea\u6700\u8fd1\u4e0b\u8c03\u7f8e\u56fd\u4fe1\u7528\u8bc4\u7ea7\u5c0630\u5e74\u671f\u62b5\u62bc\u8d37\u6b3e\u5e73\u5747\u5229\u7387\u63a8\u56de\u52307%\u4ee5\u4e0a\uff0c\u8fd9\u53ef\u80fd\u4f1a\u5e26\u6765\u8fd1\u671f\u4e0d\u5229\u56e0\u7d20\uff0c\u56e0\u4e3a\u66f4\u9ad8\u7684\u501f\u8d37\u6210\u672c\u53ef\u80fd\u4f1a\u6291\u5236\u6d88\u8d39\u8005\u5728\u4f4f\u623f\u65b9\u9762\u7684\u652f\u51fa\u3002<strong>25\u8d22\u5e74\u7b2c\u4e09\u5b63\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a95\u7f8e\u5143\u81f3125\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><br>  <\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<div class=\"wp-block-uagb-image alignleft uagb-block-971ecb1b wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-left\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.kgieworld.sg\/research\/KGISGWA\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png ,https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 780w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2025\/01\/Get-more-from-KGI-on-WhatsApp.png\" alt=\"\" class=\"uag-image-59753\" width=\"637\" height=\"174\" title=\"Get more from KGI on WhatsApp.\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-image\"><a href=\"https:\/\/t.me\/kgisg\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png\" alt=\"\" class=\"wp-image-15031\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69.png 637w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2022\/05\/word-image-69-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Dollar Tree, Inc. (DLTR US) Dollar General Corp. (DG US) ^ Back To Top HongKong Land Holdings Ltd. (HKL SP) Singapore Exchange Ltd. (SGX SP) ^ Back To Top CGN Power Co Ltd (1816 HK) China Resources Power Holdings Co Ltd (836 HK) ^ Back To [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","footnotes":""},"categories":[30],"tags":[],"class_list":["post-67882","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Jiong Han Lee\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"KGI Singapore Research \u2022 Singapore&#039;s leading broker offering Futures, FX, Equities and Wealth Management.\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/\" \/>\n\t\t<meta property=\"og:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"og:image:secure_url\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2025-05-20T12:52:08+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2025-05-21T07:13:55+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD\" \/>\n\t\t<meta name=\"twitter:image\" content=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"BlogPosting\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#blogposting\",\"name\":\"Technical Analysis \\u2013 21 May 2025 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis &#8211; 21 May 2025\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2024\\\/08\\\/word-image-136.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#articleImage\",\"width\":637,\"height\":135},\"datePublished\":\"2025-05-20T20:52:08+08:00\",\"dateModified\":\"2025-05-21T15:13:55+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#webpage\"},\"articleSection\":\"Technical Analysis\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"position\":2,\"name\":\"Technical Analysis\",\"item\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#listItem\",\"name\":\"Technical Analysis &#8211; 21 May 2025\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#listItem\",\"position\":3,\"name\":\"Technical Analysis &#8211; 21 May 2025\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/category\\\/technical-analysis\\\/#listItem\",\"name\":\"Technical Analysis\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\",\"name\":\"KGI Research Singapore\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"telephone\":\"+6562021188\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2020\\\/11\\\/cropped-Square-logo-PNG.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/\",\"name\":\"Jiong Han Lee\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Jiong Han Lee\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/\",\"name\":\"Technical Analysis \\u2013 21 May 2025 \\u2022 KGI Singapore Research\",\"description\":\"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \\u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-21-may-2025\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/jionghan-leekgi-com\\\/#author\"},\"datePublished\":\"2025-05-20T20:52:08+08:00\",\"dateModified\":\"2025-05-21T15:13:55+08:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/\",\"name\":\"KGI Singapore Research\",\"description\":\"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research","description":"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD","canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/","robots":"max-image-preview:large","keywords":"technical analysis","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"BlogPosting","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#blogposting","name":"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research","headline":"Technical Analysis &#8211; 21 May 2025","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2024\/08\/word-image-136.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#articleImage","width":637,"height":135},"datePublished":"2025-05-20T20:52:08+08:00","dateModified":"2025-05-21T15:13:55+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#webpage"},"articleSection":"Technical Analysis"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","position":1,"name":"Home","item":"https:\/\/www.kgieworld.sg\/research","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","position":2,"name":"Technical Analysis","item":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/","nextItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#listItem","name":"Technical Analysis &#8211; 21 May 2025"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#listItem","position":3,"name":"Technical Analysis &#8211; 21 May 2025","previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/category\/technical-analysis\/#listItem","name":"Technical Analysis"}}]},{"@type":"Organization","@id":"https:\/\/www.kgieworld.sg\/research\/#organization","name":"KGI Research Singapore","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","url":"https:\/\/www.kgieworld.sg\/research\/","telephone":"+6562021188","logo":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2020\/11\/cropped-Square-logo-PNG.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/","name":"Jiong Han Lee","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/b90c0aaa9693b6dc42d9cfd11e3f78d04889aa9412286139e67a8cf7465b0f2f?s=96&d=mm&r=g","width":96,"height":96,"caption":"Jiong Han Lee"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/","name":"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research","description":"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/#author"},"datePublished":"2025-05-20T20:52:08+08:00","dateModified":"2025-05-21T15:13:55+08:00"},{"@type":"WebSite","@id":"https:\/\/www.kgieworld.sg\/research\/#website","url":"https:\/\/www.kgieworld.sg\/research\/","name":"KGI Singapore Research","description":"Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","inLanguage":"en-US","publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"}}]},"og:locale":"en_US","og:site_name":"KGI Singapore Research \u2022 Singapore's leading broker offering Futures, FX, Equities and Wealth Management.","og:type":"article","og:title":"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research","og:description":"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD","og:url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-21-may-2025\/","og:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","og:image:secure_url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr","article:published_time":"2025-05-20T12:52:08+00:00","article:modified_time":"2025-05-21T07:13:55+00:00","twitter:card":"summary","twitter:title":"Technical Analysis \u2013 21 May 2025 \u2022 KGI Singapore Research","twitter:description":"United States | Singapore | Hong Kong | Earnings Shares closed at a high since August 2024. MACD is positive, RSI is at an overbought level. Long \u2013 Entry 89.0, Target 97.0, Stop 85.0 Dollar General Corp. (DG US) Shares closed at a high since August 2024. 5dEMA and 20dEMA just crossed the 200dEMA. MACD","twitter:image":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/04\/KGI-Logo_\u255b\u03b5ai\u252c\u253carRGB_PNG.png?wsr"},"aioseo_meta_data":{"post_id":"67882","title":null,"description":null,"keywords":null,"keyphrases":{"focus":{"keyphrase":"","score":0,"analysis":{"keyphraseInTitle":{"score":0,"maxScore":9,"error":1}}},"additional":[]},"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":"","og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":{"id":"#aioseo-article-6707340a1aea4","slug":"article","graphName":"Article","label":"Article","properties":{"type":"BlogPosting","name":"#post_title","headline":"#post_title","description":"#post_excerpt","image":"","keywords":"","author":{"name":"#author_name","url":"#author_url"},"dates":{"include":true,"datePublished":"","dateModified":""}}},"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":"{\"article\":{\"articleType\":\"BlogPosting\"},\"course\":{\"name\":\"\",\"description\":\"\",\"provider\":\"\"},\"faq\":{\"pages\":[]},\"product\":{\"reviews\":[]},\"recipe\":{\"ingredients\":[],\"instructions\":[],\"keywords\":[]},\"software\":{\"reviews\":[],\"operatingSystems\":[]},\"webPage\":{\"webPageType\":\"WebPage\"}}","pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":"-1","robots_max_videopreview":"-1","robots_max_imagepreview":"large","priority":null,"frequency":"default","local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2025-05-20 12:28:22","updated":"2025-06-07 03:27:09","seo_analyzer_scan_date":null},"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Jiong Han Lee","author_link":"https:\/\/www.kgieworld.sg\/research\/author\/jionghan-leekgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings Dollar Tree, Inc. (DLTR US) Dollar General Corp. (DG US) ^ Back To Top HongKong Land Holdings Ltd. (HKL SP) Singapore Exchange Ltd. (SGX SP) ^ Back To Top CGN Power Co Ltd (1816 HK) China Resources Power Holdings Co Ltd (836 HK) ^ Back To&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67882","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=67882"}],"version-history":[{"count":2,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67882\/revisions"}],"predecessor-version":[{"id":68004,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/67882\/revisions\/68004"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=67882"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=67882"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=67882"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}