{"id":93257,"date":"2026-08-12T08:00:46","date_gmt":"2026-08-12T00:00:46","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=93257"},"modified":"2026-08-12T15:28:25","modified_gmt":"2026-08-12T07:28:25","slug":"technical-analysis-12-august-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/","title":{"rendered":"Technical Analysis: 12 August 2026"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"93257\" class=\"elementor elementor-93257\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7de8b58c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"7de8b58c\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-327eb9a6\" data-id=\"327eb9a6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3580cd48 elementor-widget elementor-widget-heading\" data-id=\"3580cd48\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h6 class=\"elementor-heading-title elementor-size-default\">TECHNICAL ANALYSIS<\/h6>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-76fb0d42 elementor-widget elementor-widget-heading\" data-id=\"76fb0d42\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">Technical Analysis: 12 August 2026<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-78cfe52b elementor-widget elementor-widget-text-editor\" data-id=\"78cfe52b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"font-family: Montserrat; font-size: 13px; font-weight: 600; background: #e8f4ff; padding: 12px 18px; border-radius: 0px; margin-top: 16px;\"><span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#sp\">SINGAPORE<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#hk\">HONG KONG<\/a><\/span><\/span> \u00a0|\u00a0 <span style=\"color: #15a4ff;\"><span style=\"text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;\"><a href=\"#us\">UNITED STATES<\/a>\u00a0\u00a0<\/span><\/span>|<span style=\"color: #15a4ff;\">\u00a0\u00a0<\/span><a style=\"background-color: #e8f4ff;\" href=\"#er\">EARNINGS<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5fd542a2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5fd542a2\" data-element_type=\"section\" data-e-type=\"section\" id=\"sg\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7d1bf575\" data-id=\"7d1bf575\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d6ff210 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"3d6ff210\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Singapore<\/h2>\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t<div class=\"elementor-element elementor-element-211acbef e-flex e-con-boxed e-con e-parent\" data-id=\"211acbef\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-caa650a e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"caa650a\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d889dd6 elementor-widget elementor-widget-text-editor\" data-id=\"d889dd6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">HKL SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Hongkong Land Holdings Limited.\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-05a679f elementor-widget elementor-widget-text-editor\" data-id=\"05a679f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"none\">Shares closed above the 5dEMA\u00a0with volume spike.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Buy \u2013 Entry\u00a08.0, Target\u00a09.0, Stop\u00a07.5<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3848921 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3848921\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5e0c58a elementor-widget elementor-widget-image\" data-id=\"5e0c58a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1566\" height=\"930\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM.png\" class=\"attachment-full size-full wp-image-93270\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM.png 1566w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM-1024x608.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM-768x456.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM-1536x912.png 1536w\" sizes=\"(max-width: 1566px) 100vw, 1566px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-04e9bfc e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"04e9bfc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55d7169 elementor-widget elementor-widget-text-editor\" data-id=\"55d7169\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">RGL SP<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Reclaims Global Limited.<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc8b150 elementor-widget elementor-widget-text-editor\" data-id=\"cc8b150\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><span data-contrast=\"none\">Shares closed above the 5dEMA\u00a0with\u00a0elevated volume for the week.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"none\">Buy \u2013 Entry\u00a00.21,\u00a0Target\u00a00.25, Stop\u00a00.19<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5f6c763 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5f6c763\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a7904c elementor-widget elementor-widget-image\" data-id=\"2a7904c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1564\" height=\"936\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM.png\" class=\"attachment-full size-full wp-image-93271\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM.png 1564w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM-768x460.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.41-AM-1536x919.png 1536w\" sizes=\"(max-width: 1564px) 100vw, 1564px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-59bbfb01 e-flex e-con-boxed e-con e-parent\" data-id=\"59bbfb01\" data-element_type=\"container\" data-e-type=\"container\" id=\"hk\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-48ad8487 e-con-full e-flex e-con e-child\" data-id=\"48ad8487\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-6496da02 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"6496da02\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Hong Kong<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-dd4939c e-flex e-con-boxed e-con e-parent\" data-id=\"dd4939c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-3d487d4 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"3d487d4\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-0750803 elementor-widget elementor-widget-text-editor\" data-id=\"0750803\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding-top: 0px; padding-right: 15px; padding-bottom: 0px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">2178 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Petro-king Oilfield Services Ltd.<\/h3><p>\u00a0<\/p><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-124ee20 elementor-widget elementor-widget-text-editor\" data-id=\"124ee20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the\u00a05dEMA with rising volume.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI and MACD are constructive.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long\u00a0<\/span><\/b><span data-contrast=\"auto\">\u2013\u00a0<\/span><b><span data-contrast=\"auto\">Entry\u00a00.25,\u00a0Target\u00a00.31,\u00a0Stop\u00a00.22<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f056d27 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"f056d27\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f49f4ce elementor-widget elementor-widget-image\" data-id=\"f49f4ce\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1568\" height=\"932\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM.png\" class=\"attachment-full size-full wp-image-93272\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM.png 1568w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM-1024x609.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM-768x456.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.23.27-AM-1536x913.png 1536w\" sizes=\"(max-width: 1568px) 100vw, 1568px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-7b8022e e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"7b8022e\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d6b8373 elementor-widget elementor-widget-text-editor\" data-id=\"d6b8373\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">639 HK<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Shougang Fushan Resources Group Limited<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d33577d elementor-widget elementor-widget-text-editor\" data-id=\"d33577d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 5dEMA with a surge in volume.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><span data-contrast=\"auto\">RSI\u00a0is at slightly overbought\u00a0levels\u00a0but\u00a0MACD\u00a0is still\u00a0constructive.\u00a0\u00a0<\/span><span data-ccp-props=\"{&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"3\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry\u00a02.55, Target\u00a03.29, Stop\u00a02.23<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-994114a elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"994114a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cd858b1 elementor-widget elementor-widget-image\" data-id=\"cd858b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1560\" height=\"934\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM.png\" class=\"attachment-full size-full wp-image-93273\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM.png 1560w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM-300x180.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM-1024x613.png 1024w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM-768x460.png 768w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.24.15-AM-1536x920.png 1536w\" sizes=\"(max-width: 1560px) 100vw, 1560px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-ec83e44 e-flex e-con-boxed e-con e-parent\" data-id=\"ec83e44\" data-element_type=\"container\" data-e-type=\"container\" id=\"us\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-2a2d5e8f e-con-full e-flex e-con e-child\" data-id=\"2a2d5e8f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-d298853 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"d298853\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">United States<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-a4bba78 e-flex e-con-boxed e-con e-parent\" data-id=\"a4bba78\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-49fcacc9 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"49fcacc9\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInLeft&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-1d277b15 elementor-widget elementor-widget-text-editor\" data-id=\"1d277b15\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">ANET US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Arista Networks, Inc.\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6a4d3e66 elementor-widget elementor-widget-text-editor\" data-id=\"6a4d3e66\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 5dEMA with rising volume.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI is and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"4\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry 186, Target 210, Stop 174<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-179691ff elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"179691ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38985d1d elementor-widget elementor-widget-image\" data-id=\"38985d1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"962\" height=\"571\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.26.55-PM.png\" class=\"attachment-full size-full wp-image-93313\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.26.55-PM.png 962w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.26.55-PM-300x178.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.26.55-PM-768x456.png 768w\" sizes=\"(max-width: 962px) 100vw, 962px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-47db7ac5 e-con-full animated-slow e-flex elementor-invisible e-con e-child\" data-id=\"47db7ac5\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;animation&quot;:&quot;fadeInRight&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8e69be9 elementor-widget elementor-widget-text-editor\" data-id=\"8e69be9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<div style=\"padding: 0 15px; min-height: 55px;\"><p style=\"font-family: Montserrat; font-size: 11px; font-weight: 600; color: #9b9b9b; letter-spacing: 2px; text-transform: uppercase; margin: 0 0 6px;\">ONDS US<\/p><h3 style=\"font-family: Montserrat; font-size: 22px; font-weight: 600; color: #0d2a5e; margin: 0 0 12px;\">Ondas Inc.\u00a0<\/h3><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-31bab0f1 elementor-widget elementor-widget-text-editor\" data-id=\"31bab0f1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><span data-contrast=\"auto\">Shares closed above the 5dEMA.\u00a0<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><span data-contrast=\"auto\">Both RSI is and MACD are constructive.<\/span><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul><ul><li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Long \u2013 Entry 9.8, Target 14.0, Stop 7.7<\/span><\/b><span data-ccp-props=\"{}\">\u00a0<\/span><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2d3c72a2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"2d3c72a2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73aec530 elementor-widget elementor-widget-image\" data-id=\"73aec530\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"965\" height=\"576\" src=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.27.29-PM.png\" class=\"attachment-full size-full wp-image-93314\" alt=\"\" srcset=\"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.27.29-PM.png 965w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.27.29-PM-300x179.png 300w, https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-3.27.29-PM-768x458.png 768w\" sizes=\"(max-width: 965px) 100vw, 965px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-1a0c420a e-con e-atomic-element e-flexbox-base e-1a0c420a-108c1cb \" data-id=\"1a0c420a\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"1a0c420a\" data-e-type=\"e-flexbox\" data-id=\"1a0c420a\">\n    \t\t\t<p class=\"e-32092b11-15817bd e-paragraph-base\" data-interaction-id=\"32092b11\" data-e-type=\"widget\" data-id=\"32092b11\"><a target=\"_self\" href=\"#top\" id=\"e-mq4jsug1-z6kdzol\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n<div class=\"elementor-element elementor-element-30f27d76 e-flex e-con-boxed e-con e-parent\" data-id=\"30f27d76\" data-element_type=\"container\" data-e-type=\"container\" id=\"er\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t<div class=\"elementor-element elementor-element-ad2646f e-con-full e-flex e-con e-child\" data-id=\"ad2646f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t<div class=\"elementor-element elementor-element-50b50a35 elementor-invisible elementor-widget elementor-widget-heading\" data-id=\"50b50a35\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;_animation&quot;:&quot;fadeInUp&quot;}\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Earnings<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-39b0c2cc e-flex e-con-boxed elementor-invisible e-con e-parent\" data-id=\"39b0c2cc\" data-element_type=\"container\" data-e-type=\"container\" data-settings=\"{&quot;animation&quot;:&quot;fadeInUp&quot;,&quot;animation_tablet&quot;:&quot;fadeInUp&quot;,&quot;animation_mobile&quot;:&quot;fadeInUp&quot;}\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-297187d6 elementor-widget elementor-widget-text-editor\" data-id=\"297187d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><b><span data-contrast=\"auto\">Sea Limited (SE)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">$7.78B<\/span><span data-contrast=\"auto\">, +47.9% YoY, beat estimates by <\/span><span data-contrast=\"auto\">$690M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 GAAP EPS<\/span><\/b><span data-contrast=\"auto\">: <\/span><span data-contrast=\"auto\">$0.70, miss estimates by $0.06<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">3Q<\/span><\/b><b><span data-contrast=\"auto\">26 Guidance: <\/span><\/b><span data-contrast=\"auto\">Management maintained Shopee\u2019s FY26 target for roughly 25% GMV growth while keeping full-year Shopee adjusted EBITDA at least at FY25\u2019s absolute level. The emphasis remains on gaining scale while investing in logistics, content, AI and user engagement.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a strong growth print despite the EPS miss. Shopee\u2019s core marketplace revenue surged 65.6% YoY to $4.3B, while Shopee adjusted EBITDA increased 12.2% to $255M. Monee revenue jumped 58.9% to $1.4B, with loans outstanding up 62.5% to $11.1B while 90+ day NPLs remained stable at just 1.0%. Garena also strengthened, with bookings +15.5% and adjusted EBITDA +16.7%. The most important read-through is that all three engines are now growing simultaneously. Shopee is gaining scale without returning to material losses, Monee is compounding rapidly without an obvious deterioration in credit quality, and Garena has moved from a declining cash cow back into growth. The trade-off is that Sea is deliberately reinvesting aggressively, which explains why earnings growth is lagging revenue growth. Shares surged 14.6% to $131.51 following results, substantially stronger than the initial premarket reaction. <\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $125 to $150. Positive Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Sea Limited\uff08SE<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"1\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">77.8<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">47.9%<\/span><span data-contrast=\"auto\">\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">6.9<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"2\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.70<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u7565\u4f4e\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">0.06<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"3\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u7ef4\u6301<\/span><span data-contrast=\"auto\">Shopee<\/span><span data-contrast=\"auto\">\u5168\u5e74<\/span><span data-contrast=\"auto\">GMV<\/span><span data-contrast=\"auto\">\u589e\u957f\u7ea6<\/span><span data-contrast=\"auto\">25%<\/span><span data-contrast=\"auto\">\u7684\u76ee\u6807\uff0c\u9884\u8ba1\u5168\u5e74<\/span><span data-contrast=\"auto\">Shopee<\/span><span data-contrast=\"auto\">\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u81f3\u5c11\u4e0e<\/span><span data-contrast=\"auto\">25<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u7edd\u5bf9\u503c\u6301\u5e73\u3002\u6218\u7565\u91cd\u5fc3\u4f9d\u7136\u662f\u901a\u8fc7\u6295\u8d44\u7269\u6d41\u3001\u5185\u5bb9\u3001<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u53ca\u7528\u6237\u4e92\u52a8\u6765\u62a2\u5360\u89c4\u6a21\u4f18\u52bf\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"4\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u5c55\u73b0\u4e86\u6781\u4e3a\u5f3a\u52b2\u7684\u589e\u957f\u52a8\u80fd\uff0c\u5c3d\u7ba1\u76c8\u5229\u5fae\u5e45\u4e0d\u53ca\u9884\u671f\uff0c\u4f46\u4e09\u5927\u6838\u5fc3\u4e1a\u52a1\u5f15\u64ce\u7f55\u89c1\u5730\u5b9e\u73b0\u4e86\u540c\u6b65\u9ad8\u589e\u957f\uff0c\u57fa\u672c\u9762\u5168\u9762\u5411\u597d\uff1a<\/span><span data-contrast=\"auto\">Shopee<\/span><span data-contrast=\"auto\">\uff08\u7535\u5546\uff09\uff1a\u6838\u5fc3\u5e02\u573a\u6536\u5165\u540c\u6bd4\u66b4\u589e<\/span><span data-contrast=\"auto\">65.6%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">43<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u589e\u957f<\/span><span data-contrast=\"auto\">12.2%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">2.55<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u3002\u6210\u529f\u5728\u6269\u5f20\u89c4\u6a21\u7684\u540c\u65f6\u7ef4\u6301\u4e86\u76c8\u5229\u5e95\u7ebf\uff0c\u672a\u9677\u5165\u4e8f\u635f\u6ce5\u6f6d\u3002<\/span><span data-contrast=\"auto\">SeaMoney<\/span><span data-contrast=\"auto\">\uff08\u91d1\u878d\u79d1\u6280\uff09\uff1a\u6536\u5165\u8dc3\u5347<\/span><span data-contrast=\"auto\">58.9%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">14<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u672a\u507f\u8d37\u6b3e\u89c4\u6a21\u5927\u589e<\/span><span data-contrast=\"auto\">62.5%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">111<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u4e14<\/span><span data-contrast=\"auto\">90<\/span><span data-contrast=\"auto\">\u5929\u4ee5\u4e0a\u4e0d\u826f\u8d37\u6b3e\u7387\uff08<\/span><span data-contrast=\"auto\">NPL<\/span><span data-contrast=\"auto\">\uff09\u7a33\u63a7\u5728\u6781\u4f4e\u7684<\/span><span data-contrast=\"auto\">1.0%<\/span><span data-contrast=\"auto\">\uff0c\u5b9e\u73b0\u4e86\u89c4\u6a21\u7206\u53d1\u4e0e\u8d44\u4ea7\u8d28\u91cf\u7684\u53cc\u4f18\u3002<\/span><span data-contrast=\"auto\">Garena<\/span><span data-contrast=\"auto\">\uff08\u6e38\u620f\uff09\uff1a\u6d41\u6c34\uff08<\/span><span data-contrast=\"auto\">bookings<\/span><span data-contrast=\"auto\">\uff09\u589e\u957f<\/span><span data-contrast=\"auto\">15.5%<\/span><span data-contrast=\"auto\">\uff0c\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u589e\u957f<\/span><span data-contrast=\"auto\">16.7%<\/span><span data-contrast=\"auto\">\uff0c\u6807\u5fd7\u7740\u8be5\u4e1a\u52a1\u5df2\u6210\u529f\u6446\u8131\u8870\u9000\u5468\u671f\uff0c\u4ece\u5355\u7eaf\u7684\u201c\u73b0\u91d1\u725b\u201d\u91cd\u56de\u589e\u957f\u8f68\u9053\u3002\u76c8\u5229\u589e\u901f\u843d\u540e\u4e8e\u8425\u6536\u589e\u901f\u7684\u6838\u5fc3\u539f\u56e0\u5728\u4e8e\u516c\u53f8\u6b63\u4e3b\u52a8\u91c7\u53d6\u6fc0\u8fdb\u7684\u518d\u6295\u8d44\u7b56\u7565\uff08\u52a0\u5927\u7269\u6d41\u5c65\u7ea6\u3001<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u4e0e\u5185\u5bb9\u6295\u5165\uff09\uff0c\u4ee5\u5de9\u56fa\u957f\u671f\u62a4\u57ce\u6cb3\u3002\u5e02\u573a\u5bf9\u6b64\u7ed9\u4e88\u4e86\u6781\u9ad8\u8bc4\u4ef7\uff0c\u8d22\u62a5\u540e\u80a1\u4ef7\u5927\u6da8<\/span><span data-contrast=\"auto\">14.6%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">131.51<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u8d70\u52bf\u8fdc\u5f3a\u4e8e\u76d8\u521d\u671f\u7684\u53cd\u5e94\uff0c\u8868\u660e\u6295\u8d44\u8005\u9ad8\u5ea6\u8ba4\u53ef\u5176\u201c\u4e09\u9a7e\u9a6c\u8f66\u201d\u5e76\u9a7e\u9f50\u9a71\u7684\u7a00\u7f3a\u57fa\u672c\u9762\u4e0e\u6218\u7565\u6267\u884c\u529b\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1\uff09Shopee<\/span><span data-contrast=\"auto\">\u5728\u62c9\u7f8e\u53ca\u4e1c\u5357\u4e9a\u5e02\u573a\u7684\u5e02\u5360\u7387\u9632\u5b88\u4e0e<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u8d4b\u80fd\u6548\u7387\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09SeaMoney<\/span><span data-contrast=\"auto\">\u4fe1\u8d37\u89c4\u6a21\u7684\u6269\u5f20\u8fb9\u754c\u4e0e\u5b8f\u89c2\u73af\u5883\u4e0b\u7684\u98ce\u63a7\u7a33\u5b9a\u6027\uff1b\uff08<\/span><span data-contrast=\"auto\">3\uff09Garena<\/span><span data-contrast=\"auto\">\u8001\u6e38\u620f\u751f\u547d\u5468\u671f\u7ba1\u7406\u53ca\u65b0\u6e38\u620f<\/span><span data-contrast=\"auto\">Pipeline<\/span><span data-contrast=\"auto\">\u7684\u63a5\u529b\u8868\u73b0\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u7269\u6d41\u5c65\u7ea6\u6210\u672c\uff08<\/span><span data-contrast=\"auto\">Fulfillment cost\uff09\u3002Sea Limited<\/span><span data-contrast=\"auto\">\u5df2\u5f7b\u5e95\u8d70\u51fa\u524d\u4e24\u5e74\u7684\u6218\u7565\u6536\u7f29\u4e0e\u9635\u75db\u671f\uff0c\u91cd\u65b0\u8fdb\u5165\u201c\u9ad8\u8d28\u91cf\u6269\u5f20\u201d\u7684\u65b0\u5468\u671f\u3002\u4e09\u5927\u4e1a\u52a1\u534f\u540c\u6548\u5e94\u663e\u8457\uff0c\u73b0\u91d1\u6d41\u5145\u6c9b\u4e14\u589e\u957f\u786e\u5b9a\u6027\u9ad8\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">125<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">150<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u79ef\u6781\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">On Holding AG (ONON)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">CHF 850.3M<\/span><span data-contrast=\"auto\">, +13.5% YoY<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 Non-GAAP EPS<\/span><\/b><span data-contrast=\"auto\">: <\/span><span data-contrast=\"auto\">CHF 0.35<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY26 Guidance:<\/span><\/b><span data-contrast=\"auto\"> Cut FY26 constant-currency sales growth outlook to the low-20% range from at least 23%, implying CHF3.47B\u2013CHF3.56B of reported revenue at current FX. However, gross-margin guidance was raised to at least 65.0%, while adjusted EBITDA margin guidance remained 19.5%\u201320.0%.<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was fundamentally better than the share-price reaction suggests, but the revenue miss and guidance cut matter. DTC grew 34.3% constant currency and reached a record 45.7% of sales, while gross margin expanded to an exceptional 65.4%. Apparel grew 56.2% and accessories 102.2% constant currency, suggesting On is successfully broadening beyond footwear. The weakness is wholesale and the Americas. Americas growth slowed to 13.0% constant currency versus 20.5% in EMEA and 54.7% in APAC. Management is deliberately restricting wholesale sell-in to preserve full-price positioning, but the market interpreted this as a meaningful deceleration in near-term growth. Shares plunged about 19% to $31.29 following results, near the 52-week low. The principal variables are U.S. demand, wholesale reacceleration, DTC mix, Cloudboom\/Cloudsurfer product launches and whether the 65%+ gross margin can persist. <\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $27 to $35. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">On Holding AG\uff08ONON<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"5\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">8.503<\/span><span data-contrast=\"auto\">\u4ebf\u745e\u58eb\u6cd5\u90ce\uff0c\u540c\u6bd4\u589e\u957f<\/span><span data-contrast=\"auto\">13.5%<\/span><span data-contrast=\"auto\">\uff08\u7565\u4f4e\u4e8e\u5e02\u573a\u9884\u671f\uff09<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"6\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">0.35<\/span><span data-contrast=\"auto\">\u745e\u58eb\u6cd5\u90ce<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"7\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\u8c03\u6574\uff1a<\/span><\/b><span data-contrast=\"auto\">\u4e0b\u8c03\u5168\u5e74\u56fa\u5b9a\u6c47\u7387\u9500\u552e\u589e\u957f\u9884\u671f\u81f3\u201c\u4f4e<\/span><span data-contrast=\"auto\">20%<\/span><span data-contrast=\"auto\">\u533a\u95f4\u201d\uff08\u539f\u4e3a\u81f3\u5c11<\/span><span data-contrast=\"auto\">23%<\/span><span data-contrast=\"auto\">\uff09\uff0c\u6309\u5f53\u524d\u6c47\u7387\u6298\u7b97\u5168\u5e74\u62a5\u544a\u8425\u6536\u7ea6\u4e3a<\/span><span data-contrast=\"auto\">34.7<\/span><span data-contrast=\"auto\">\u4ebf\u2013<\/span><span data-contrast=\"auto\">35.6<\/span><span data-contrast=\"auto\">\u4ebf\u745e\u58eb\u6cd5\u90ce\uff1b\u6bdb\u5229\u7387\u6307\u5f15\u4e0a\u8c03\u81f3\u81f3\u5c11<\/span><span data-contrast=\"auto\">65.0%<\/span><span data-contrast=\"auto\">\uff1b\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EBITDA<\/span><span data-contrast=\"auto\">\u5229\u6da6\u7387\u6307\u5f15\u7ef4\u6301\u5728<\/span><span data-contrast=\"auto\">19.5%\u201320.0%<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"8\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u57fa\u672c\u9762\u5b9e\u9645\u4e0a\u4f18\u4e8e\u80a1\u4ef7\u7684\u5267\u70c8\u53cd\u5e94\uff0c\u4f46\u8425\u6536\u4e0d\u53ca\u9884\u671f\u4e0e\u4e0b\u8c03\u589e\u957f\u6307\u5f15\u6210\u4e3a\u4e86\u5e02\u573a\u7684\u6838\u5fc3\u75db\u70b9\u3002\u4eae\u70b9\u5728\u4e8e<\/span><span data-contrast=\"auto\">DTC<\/span><span data-contrast=\"auto\">\uff08\u76f4\u63a5\u9762\u5411\u6d88\u8d39\u8005\uff09\u6e20\u9053\u6309\u56fa\u5b9a\u6c47\u7387\u5927\u589e<\/span><span data-contrast=\"auto\">34.3%<\/span><span data-contrast=\"auto\">\uff0c\u521b\u4e0b\u5360\u603b\u9500\u552e\u989d<\/span><span data-contrast=\"auto\">45.7%<\/span><span data-contrast=\"auto\">\u7684\u5386\u53f2\u65b0\u9ad8\uff1b\u6bdb\u5229\u7387\u66f4\u662f\u6269\u5f20\u81f3\u60ca\u4eba\u7684<\/span><span data-contrast=\"auto\">65.4%<\/span><span data-contrast=\"auto\">\u3002\u54c1\u7c7b\u62d3\u5c55\u6210\u6548\u663e\u8457\uff0c\u670d\u88c5\u4e0e\u914d\u9970\u5206\u522b\u5927\u589e<\/span><span data-contrast=\"auto\">56.2%<\/span><span data-contrast=\"auto\">\u548c<\/span><span data-contrast=\"auto\">102.2%<\/span><span data-contrast=\"auto\">\uff0c\u8bc1\u660e<\/span><span data-contrast=\"auto\">On<\/span><span data-contrast=\"auto\">\u6b63\u6210\u529f\u7a81\u7834\u5355\u4e00\u978b\u7c7b\u54c1\u724c\u7684\u5c40\u9650\uff0c\u5411\u5168\u54c1\u7c7b\u8fd0\u52a8\u751f\u6d3b\u65b9\u5f0f\u54c1\u724c\u6f14\u8fdb\u3002\u7136\u800c\uff0c\u6279\u53d1\u6e20\u9053\u4e0e\u7f8e\u6d32\u5e02\u573a\u8868\u73b0\u75b2\u8f6f\uff1a\u7f8e\u6d32\u5e02\u573a\u589e\u901f\u653e\u7f13\u81f3<\/span><span data-contrast=\"auto\">13.0%<\/span><span data-contrast=\"auto\">\uff08\u5bf9\u6bd4<\/span><span data-contrast=\"auto\">EMEA<\/span><span data-contrast=\"auto\">\u7684<\/span><span data-contrast=\"auto\">20.5%<\/span><span data-contrast=\"auto\">\u548c\u4e9a\u592a\u7684<\/span><span data-contrast=\"auto\">54.7%<\/span><span data-contrast=\"auto\">\uff09\u3002\u7ba1\u7406\u5c42\u89e3\u91ca\u79f0\uff0c\u4e3b\u52a8\u9650\u5236\u6279\u53d1\u51fa\u8d27\u91cf\uff08<\/span><span data-contrast=\"auto\">sell-in<\/span><span data-contrast=\"auto\">\uff09\u662f\u4e3a\u4e86\u7ef4\u62a4\u54c1\u724c\u7684\u5168\u4ef7\u9500\u552e\u5b9a\u4f4d\uff08\u907f\u514d\u6e20\u9053\u6253\u6298\u4fc3\u9500\uff09\uff0c\u4f46\u5e02\u573a\u5c06\u5176\u8d1f\u9762\u89e3\u8bfb\u4e3a\u8fd1\u671f\u589e\u957f\u52a8\u80fd\u7684\u5b9e\u8d28\u6027\u8870\u9000\u3002\u8d22\u62a5\u540e\u80a1\u4ef7\u66b4\u8dcc\u7ea6<\/span><span data-contrast=\"auto\">19%<\/span><span data-contrast=\"auto\">\u81f3<\/span><span data-contrast=\"auto\">31.29<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u903c\u8fd1<\/span><span data-contrast=\"auto\">52<\/span><span data-contrast=\"auto\">\u5468\u4f4e\u70b9\uff0c\u53cd\u6620\u51fa\u9ad8\u4f30\u503c\u6210\u957f\u80a1\u5728\u589e\u901f\u653e\u7f13\u9884\u671f\u4e0b\u7684\u5267\u70c8\u201c\u6740\u4f30\u503c\u201d\u53cd\u5e94\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u7f8e\u56fd\u5e02\u573a\u6d88\u8d39\u9700\u6c42\u80fd\u5426\u4f01\u7a33\u56de\u5347\uff1b\uff08<\/span><span data-contrast=\"auto\">2<\/span><span data-contrast=\"auto\">\uff09\u6279\u53d1\u6e20\u9053\u5728\u5e93\u5b58\u5065\u5eb7\u5316\u540e\u80fd\u5426\u91cd\u65b0\u52a0\u901f\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u9ad8\u6bdb\u5229\u7684<\/span><span data-contrast=\"auto\">DTC<\/span><span data-contrast=\"auto\">\u6e20\u9053\u5360\u6bd4\u80fd\u5426\u7ee7\u7eed\u63d0\u5347\uff1b\uff08<\/span><span data-contrast=\"auto\">4\uff09Cloudboom\u3001Cloudsurfer<\/span><span data-contrast=\"auto\">\u7b49\u6838\u5fc3\u65b0\u978b\u6b3e\u7684\u53d1\u5e03\u4e0e\u5e02\u573a\u53cd\u9988\uff1b\uff08<\/span><span data-contrast=\"auto\">5\uff0965%<\/span><span data-contrast=\"auto\">\u4ee5\u4e0a\u7684\u8d85\u9ad8\u6bdb\u5229\u7387\u662f\u5426\u5177\u6709\u53ef\u6301\u7eed\u6027\u3002<\/span><span data-contrast=\"auto\">On<\/span><span data-contrast=\"auto\">\u5728\u54c1\u724c\u52bf\u80fd\u4e0e\u54c1\u7c7b\u6269\u5f20\u4e0a\u4f9d\u7136\u5177\u5907\u957f\u671f\u7ade\u4e89\u529b\uff0c\u4f46\u77ed\u671f\u9700\u6d88\u5316\u4e3b\u52a8\u63a7\u5236\u6279\u53d1\u8282\u594f\u5e26\u6765\u7684\u589e\u901f\u9635\u75db\u3002\u82e5\u7f8e\u56fd\u5e02\u573a\u56de\u6696\u4e14\u65b0\u54c1\u63a5\u529b\u987a\u5229\uff0c\u4f30\u503c\u6709\u671b\u8fce\u6765\u4fee\u590d\u3002<\/span><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">35<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><span data-ccp-props=\"{&quot;335559685&quot;:720}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Super Micro Computer, Inc. (SMCI)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">$11.12B<\/span><span data-contrast=\"auto\">, miss estimates by <\/span><span data-contrast=\"auto\">$440M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Non-GAAP EPS<\/span><\/b><span data-contrast=\"auto\">: <\/span><span data-contrast=\"auto\">$1.70, beat estimates by $0.74<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY27<\/span><\/b><b><span data-contrast=\"auto\"> Guidance:<\/span><\/b><span data-contrast=\"auto\"> Management expects FY27 revenue to exceed $50B, implying &gt;28% growth from FY26. Near-term margin normalization is the key issue: the exceptionally strong 4Q product\/customer mix is unlikely to persist, with 1QFY27 guidance implying gross margins returning toward the low-double-digit area.&nbsp;<\/span><span data-ccp-props=\"{&quot;134233279&quot;:false}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a much better earnings print than the revenue miss suggests. Revenue came in slightly light, but the $1.70 adjusted EPS was almost twice consensus because gross margin recovered dramatically. That is particularly important for SMCI because the investment debate had shifted from AI demand toward whether increasingly large rack-scale deployments were becoming structurally low-margin. The demand picture remains strong. FY26 revenue grew 78% to $39.1B, and FY27 revenue guidance above $50B implies another substantial step-up as GB300\/NVL72 and other rack-scale AI deployments ramp. The issue is earnings quality: 4Q&#8217;s ~17.5% gross margin benefited from unusually favorable customer\/product mix and should not be annualized. The principal variables are gross-margin normalization, conversion of the AI-system order pipeline, working-capital requirements, customer concentration and the company&#8217;s ability to scale liquid-cooled rack production without sacrificing profitability. <\/span><b><span data-contrast=\"auto\">1Q27 recommended trading range: $29 to $39. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Super Micro Computer, Inc.\uff08SMCI<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"9\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">111.2<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f<\/span><span data-contrast=\"auto\">4.4<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"10\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">1.70<\/span><span data-contrast=\"auto\">\u7f8e\u5143\uff0c\u5927\u5e45\u8d85\u51fa\u9884\u671f<\/span><span data-contrast=\"auto\">0.74<\/span><span data-contrast=\"auto\">\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"11\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u9884\u8ba1\u5168\u5e74\u8425\u6536\u7a81\u7834<\/span><span data-contrast=\"auto\">500<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\uff08\u9690\u542b\u8f83<\/span><span data-contrast=\"auto\">26<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u7684<\/span><span data-contrast=\"auto\">391<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u589e\u957f\u8d85<\/span><span data-contrast=\"auto\">28%<\/span><span data-contrast=\"auto\">\uff09\u3002\u77ed\u671f\u5229\u6da6\u7387\u56de\u5f52\u5e38\u6001\u662f\u6838\u5fc3\u7126\u70b9\uff1a\u7b2c\u56db\u5b63\u5ea6\u5f02\u5e38\u5f3a\u52b2\u7684\u4ea7\u54c1\u4e0e\u5ba2\u6237\u7ec4\u5408\u96be\u4ee5\u6301\u7eed\uff0c<\/span><span data-contrast=\"auto\">27<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6307\u5f15\u6697\u793a\u6bdb\u5229\u7387\u5c06\u56de\u843d\u81f3\u8f83\u4f4e\u7684\u4e24\u4f4d\u6570\uff08<\/span><span data-contrast=\"auto\">low-double-digit<\/span><span data-contrast=\"auto\">\uff09\u533a\u95f4\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"12\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8d22\u62a5\u7684\u5b9e\u8d28\u8868\u73b0\u8fdc\u597d\u4e8e\u201c\u8425\u6536\u4e0d\u53ca\u9884\u671f\u201d\u7684\u8868\u8c61\u3002\u5c3d\u7ba1\u8425\u6536\u5fae\u5e45<\/span><span data-contrast=\"auto\">miss<\/span><span data-contrast=\"auto\">\uff0c\u4f46\u8c03\u6574\u540e<\/span><span data-contrast=\"auto\">EPS<\/span><span data-contrast=\"auto\">\u8fd1\u4e4e\u7ffb\u500d\u4e8e\u5e02\u573a\u9884\u671f\uff0c\u6838\u5fc3\u9a71\u52a8\u529b\u5728\u4e8e\u6bdb\u5229\u7387\u7684\u5f3a\u52b2\u4fee\u590d\uff08\u8fbe\u5230\u7ea6<\/span><span data-contrast=\"auto\">17.5%<\/span><span data-contrast=\"auto\">\uff09\u3002\u8fd9\u4e00\u70b9\u5bf9<\/span><span data-contrast=\"auto\">SMCI<\/span><span data-contrast=\"auto\">\u81f3\u5173\u91cd\u8981\u3002\u6b64\u524d\u5e02\u573a\u7684\u6838\u5fc3\u62c5\u5fe7\u5df2\u4ece\u201c<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u9700\u6c42\u662f\u5426\u89c1\u9876\u201d\u8f6c\u5411\u201c\u5927\u89c4\u6a21\u673a\u67dc\u7ea7<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u7cfb\u7edf\uff08<\/span><span data-contrast=\"auto\">rack-scale deployments<\/span><span data-contrast=\"auto\">\uff09\u201d\u3002\u672c\u5b63\u5ea6\u7684\u9ad8\u6bdb\u5229\u8868\u73b0\u6709\u529b\u56de\u5e94\u4e86\u8fd9\u4e00\u8d28\u7591\uff0c\u8bc1\u660e\u5728\u7279\u5b9a\u7684\u9ad8\u9644\u52a0\u503c\u4ea7\u54c1\uff08\u5982\u6db2\u51b7\u89e3\u51b3\u65b9\u6848\uff09\u4e0e\u4f18\u8d28\u5ba2\u6237\u7ec4\u5408\u4e0b\uff0c<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u670d\u52a1\u5668\u786c\u4ef6\u4ecd\u80fd\u5b9e\u73b0\u53ef\u89c2\u76c8\u5229\u3002\u9700\u6c42\u7aef\u4f9d\u7136\u706b\u7206\uff1a<\/span><span data-contrast=\"auto\">26<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u5168\u5e74\u8425\u6536\u5927\u589e<\/span><span data-contrast=\"auto\">78%<\/span><span data-contrast=\"auto\">\uff0c\u800c<\/span><span data-contrast=\"auto\">27<\/span><span data-contrast=\"auto\">\u8d22\u5e74\u8d85<\/span><span data-contrast=\"auto\">500<\/span><span data-contrast=\"auto\">\u4ebf\u7f8e\u5143\u7684\u6307\u5f15\uff0c\u610f\u5473\u7740\u968f\u7740\u82f1\u4f1f\u8fbe<\/span><span data-contrast=\"auto\">GB300\/NVL72<\/span><span data-contrast=\"auto\">\u7b49\u65b0\u4e00\u4ee3\u6db2\u51b7\u673a\u67dc\u7ea7<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u7cfb\u7edf\u7684\u89c4\u6a21\u4ea4\u4ed8\uff0c\u516c\u53f8\u5c06\u8fce\u6765\u65b0\u4e00\u8f6e\u8425\u6536\u8dc3\u5347\u3002\u7136\u800c\uff0c\u76c8\u5229\u8d28\u91cf\u4e0e\u53ef\u6301\u7eed\u6027\u4ecd\u662f\u9690\u60a3\uff1a\u56db\u5b63\u5ea6<\/span><span data-contrast=\"auto\">17.5%<\/span><span data-contrast=\"auto\">\u7684\u9ad8\u6bdb\u5229\u7387\u5f97\u76ca\u4e8e\u6781\u5176\u6709\u5229\u7684\u77ed\u671f\u56e0\u7d20\uff0c\u4e0d\u5177\u5907\u5e74\u5316\u57fa\u7840\u3002\u968f\u7740\u4ea7\u54c1\u7ec4\u5408\u5e38\u6001\u5316\u548c\u884c\u4e1a\u7ade\u4e89\u52a0\u5267\uff0c\u6bdb\u5229\u7387\u56de\u843d\u81f3<\/span><span data-contrast=\"auto\">10%-15%<\/span><span data-contrast=\"auto\">\u7684\u5e38\u6001\u5316\u533a\u95f4\u662f\u5fc5\u7136\u8d8b\u52bf\u3002\u6b64\u5916\uff0c\u5927\u89c4\u6a21\u673a\u67dc\u4ea4\u4ed8\u5bf9\u8425\u8fd0\u8d44\u91d1\uff08<\/span><span data-contrast=\"auto\">working capital<\/span><span data-contrast=\"auto\">\uff09\u7684\u5360\u7528\u6781\u5927\uff0c\u4e14\u5ba2\u6237\u96c6\u4e2d\u5ea6\u98ce\u9669\u4f9d\u7136\u5b58\u5728\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff08<\/span><span data-contrast=\"auto\">1<\/span><span data-contrast=\"auto\">\uff09\u6bdb\u5229\u7387\u5411\u5e38\u6001\u5316\u533a\u95f4\u7684\u56de\u5f52\u8def\u5f84\u4e0e\u4f01\u7a33\u80fd\u529b\uff1b\uff08<\/span><span data-contrast=\"auto\">2\uff09AI<\/span><span data-contrast=\"auto\">\u7cfb\u7edf\u5e9e\u5927\u8ba2\u5355\u7ba1\u9053\u7684\u5b9e\u9645\u4ea4\u4ed8\u4e0e\u6536\u5165\u8f6c\u5316\u8282\u594f\uff1b\uff08<\/span><span data-contrast=\"auto\">3<\/span><span data-contrast=\"auto\">\uff09\u6db2\u51b7\u673a\u67dc\u4ea7\u80fd\u6269\u5f20\u4e0e\u4f9b\u5e94\u94fe\u7ba1\u7406\u80fd\u529b\uff08\u80fd\u5426\u5728\u4e0d\u727a\u7272\u5229\u6da6\u7684\u524d\u63d0\u4e0b\u4ea4\u4ed8\uff09\uff1b\uff08<\/span><span data-contrast=\"auto\">4<\/span><span data-contrast=\"auto\">\uff09\u8425\u8fd0\u8d44\u91d1\u5468\u8f6c\u6548\u7387\uff1b\uff08<\/span><span data-contrast=\"auto\">5<\/span><span data-contrast=\"auto\">\uff09\u6838\u5fc3\u5927\u5ba2\u6237\uff08\u5982<\/span><span data-contrast=\"auto\">CSP\u3001Tier 2<\/span><span data-contrast=\"auto\">\u4e91\u5382\u5546\uff09\u3002<\/span><span data-contrast=\"auto\">SMCI<\/span><span data-contrast=\"auto\">\u4f5c\u4e3a<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u7b97\u529b\u57fa\u7840\u8bbe\u65bd\u7684\u6838\u5fc3\u201c\u5356\u6c34\u4eba\u201d\uff0c\u9700\u6c42\u786e\u5b9a\u6027\u6781\u5f3a\uff0c\u4f46\u786c\u4ef6\u7ec4\u88c5\u4e1a\u52a1\u7684\u4f4e\u6bdb\u5229\u672c\u8d28\u4e0e\u8d44\u91d1\u5bc6\u96c6\u5c5e\u6027\u9650\u5236\u4e86\u5176\u4f30\u503c\u4e0a\u9650\u3002\u5e02\u573a\u6b63\u5728\u91cd\u65b0\u6821\u51c6\u5bf9\u5176\u201c\u5e38\u6001\u5316\u76c8\u5229\u80fd\u529b\u201d\u7684\u9884\u671f\u3002<\/span><b><span data-contrast=\"auto\">27<\/span><\/b><b><span data-contrast=\"auto\">\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/span><\/b><b><span data-contrast=\"auto\">29<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u81f3<\/span><\/b><b><span data-contrast=\"auto\">39<\/span><\/b><b><span data-contrast=\"auto\">\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">CoreWeave, Inc. (CRWV)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">$2.58B<\/span><span data-contrast=\"auto\">, +113.2% YoY, beat estimates by $20M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">2Q26 GAAP EPS<\/span><\/b><span data-contrast=\"auto\">: &#8211;<\/span><span data-contrast=\"auto\">$1.14, beat estimates by $0.33<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">FY<\/span><\/b><b><span data-contrast=\"auto\">26 Guidance:<\/span><\/b><span data-contrast=\"auto\"> Raised FY26 revenue guidance to $12.4B\u2013$13.2B and adjusted operating income to $960M\u2013$1.15B. 3Q26 revenue is guided to $3.45B\u2013$3.60B, with adjusted operating income of $200M\u2013$260M. Management expects 4Q adjusted operating margin to reach the low teens.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was a strong beat-and-raise quarter. Adjusted EBITDA doubled YoY to $1.51B and adjusted operating income improved from $21M in 1Q to $128M, demonstrating the operating leverage investors have been waiting for. More importantly, CoreWeave added &gt;$25B of commitments immediately after quarter-end and recently signed contracts carrying expected contribution margins 5\u201310ppt above recent deals. Demand visibility is exceptional. Active power reached 1.5GW, contracted power has subsequently increased to 4.2GW, and management sees visibility toward ~6GW including options\/LOIs. CoreWeave also completed the industry&#8217;s first bring-up and validation of NVIDIA Vera Rubin NVL72, positioning it well for the next GPU cycle. The risk remains the balance sheet. Interest expense reached $640M in 2Q and is guided to $860M\u2013$940M in 3Q, while capex is accelerating dramatically. CoreWeave therefore needs backlog conversion, utilization and operating-margin expansion to outrun its financing burden. This remains a very high-beta way to express the AI-compute thesis rather than a conventional cloud compounder. Shares jumped approximately 13.5% after hours to $102.55 following the results. <\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $80 to $130. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">CoreWeave, Inc.\uff08CRWV<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"13\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">25.8\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f113.2%\uff0c\u8d85\u51fa\u9884\u671f2000\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"14\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e8c\u5b63\u5ea6\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u4e8f\u635f\uff1a<\/span><\/b><span data-contrast=\"auto\">1.14\u7f8e\u5143\uff0c\u4f18\u4e8e\u9884\u671f0.33\u7f8e\u5143\uff08\u4e8f\u635f\u663e\u8457\u6536\u7a84\uff09<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"15\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u6307\u5f15\u66f4\u65b0\uff1a<\/span><\/b><span data-contrast=\"auto\">\u5168\u5e74\u8425\u6536\u6307\u5f15\u4e0a\u8c03\u81f3124\u4ebf\u2013132\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u4e0a\u8c03\u81f39.6\u4ebf\u201311.5\u4ebf\u7f8e\u5143\uff1bQ3\u8425\u6536\u6307\u5f15\u4e3a34.5\u4ebf\u201336.0\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u4e3a2.0\u4ebf\u20132.6\u4ebf\u7f8e\u5143\uff1b\u7ba1\u7406\u5c42\u9884\u8ba1Q4\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u7387\u5c06\u8fbe\u5230\u8f83\u4f4e\u7684\u4e24\u4f4d\u6570\uff08low teens\uff09<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"16\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u4e3a\u5f3a\u52b2\u7684\u201c\u8d85\u9884\u671f+\u4e0a\u8c03\u6307\u5f15\u201d\u8868\u73b0\u3002\u8c03\u6574\u540eEBITDA\u540c\u6bd4\u7ffb\u500d\u81f315.1\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u8425\u4e1a\u5229\u6da6\u4eceQ1\u76842100\u4e07\u7f8e\u5143\u5927\u5e45\u8dc3\u5347\u81f31.28\u4ebf\u7f8e\u5143\uff0c\u5c55\u73b0\u4e86\u6295\u8d44\u8005\u671f\u5f85\u5df2\u4e45\u7684\u8fd0\u8425\u6760\u6746\u91ca\u653e\u3002\u66f4\u4e3a\u9707\u64bc\u7684\u662f\u5176\u9700\u6c42\u7206\u53d1\u529b\uff1a<\/span><span data-contrast=\"auto\">CoreWeave<\/span><span data-contrast=\"auto\">\u5728\u5b63\u5ea6\u672b\u540e\u7acb\u5373\u65b0\u589e\u4e86\u8d85250\u4ebf\u7f8e\u5143\u7684\u627f\u8bfa\u8ba2\u5355\uff0c\u4e14\u8fd1\u671f\u7b7e\u7f72\u7684\u5408\u540c\u9884\u671f\u8fb9\u9645\u8d21\u732e\u7387\u6bd4\u524d\u671f\u4ea4\u6613\u9ad8\u51fa5\u81f310\u4e2a\u767e\u5206\u70b9\u3002\u9700\u6c42\u80fd\u89c1\u5ea6\u6781\u9ad8\u2014\u2014\u6d3b\u8dc3\u7535\u529b\u5bb9\u91cf\u8fbe1.5GW\uff0c\u7b7e\u7ea6\u7535\u529b\u5bb9\u91cf\u968f\u540e\u589e\u81f34.2GW\uff0c\u5305\u542b\u671f\u6743\u4e0e\u610f\u5411\u4e66\uff08LOIs\uff09\u5728\u5185\u7684\u603b\u80fd\u89c1\u5ea6\u63a5\u8fd16GW\u3002\u6b64\u5916\uff0c\u516c\u53f8\u5b8c\u6210\u4e86\u4e1a\u5185\u9996\u6b21\u82f1\u4f1f\u8fbeVera Rubin NVL72\u7cfb\u7edf\u7684\u542f\u52a8\u4e0e\u9a8c\u8bc1\uff0c\u4e3a\u5176\u5728\u4e0b\u4e00\u4ee3GPU\u5468\u671f\u4e2d\u62a2\u5360\u7edd\u5bf9\u5148\u673a\u3002\u7136\u800c\uff0c\u6838\u5fc3\u98ce\u9669\u4ecd\u5728\u4e8e\u6c89\u91cd\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u3002Q2\u5229\u606f\u652f\u51fa\u9ad8\u8fbe6.4\u4ebf\u7f8e\u5143\uff0cQ3\u6307\u5f15\u8fdb\u4e00\u6b65\u6500\u5347\u81f38.6\u4ebf\u20139.4\u4ebf\u7f8e\u5143\uff0c\u4e14\u8d44\u672c\u5f00\u652f\u6b63\u5728\u6025\u5267\u52a0\u901f\u3002\u56e0\u6b64\uff0c<\/span><span data-contrast=\"auto\">CoreWeave<\/span><span data-contrast=\"auto\">\u5fc5\u987b\u901a\u8fc7\u52a0\u901f\u79ef\u538b\u8ba2\u5355\u8f6c\u5316\u3001\u63d0\u5347\u4ea7\u80fd\u5229\u7528\u7387\u5e76\u6269\u5f20\u8425\u4e1a\u5229\u6da6\u7387\uff0c\u6765\u201c\u8dd1\u8d62\u201d\u5176\u5e9e\u5927\u7684\u878d\u8d44\u6210\u672c\u3002\u8fd9\u4f7f\u5f97\u8be5\u80a1\u66f4\u50cf\u662f\u4e00\u79cd\u8868\u8fbeAI\u7b97\u529b\u6295\u8d44\u903b\u8f91\u7684\u6781\u9ad8\u8d1d\u5854\uff08high-beta\uff09\uff0c\u800c\u975e\u4f20\u7edf\u7684\u7a33\u5065\u590d\u5229\u578b\u4e91\u670d\u52a1\u5546\u3002\u8d22\u62a5\u540e\u76d8\u540e\u80a1\u4ef7\u5927\u6da8\u7ea613.5%\u81f3102.55\u7f8e\u5143\uff0c\u53cd\u6620\u5e02\u573a\u5bf9\u5176\u9700\u6c42\u7206\u53d1\u4e0e\u6760\u6746\u91ca\u653e\u7684\u9ad8\u5ea6\u8ba4\u53ef\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff09\u8d85250\u4ebf\u7f8e\u5143\u65b0\u589e\u8ba2\u5355\u7684\u5b9e\u9645\u4ea4\u4ed8\u4e0e\u6536\u5165\u8f6c\u5316\u8282\u594f\uff1b\uff082\uff09GPU\u96c6\u7fa4\u7684\u4ea7\u80fd\u5229\u7528\u7387\u4e0e\u9ad8\u6bdb\u5229\u5408\u540c\u7684\u5360\u6bd4\u63d0\u5347\uff1b\uff083\uff09\u5229\u606f\u652f\u51fa\u4e0e\u5de8\u989d\u8d44\u672c\u5f00\u652f\u5bf9\u73b0\u91d1\u6d41\u7684\u6324\u538b\u7a0b\u5ea6\uff1b\uff084\uff09\u4e0b\u4e00\u4ee3GPU\uff08\u5982Vera Rubin\uff09\u3002<\/span><span data-contrast=\"auto\">CoreWeave<\/span><span data-contrast=\"auto\">\u4f5c\u4e3aAI\u539f\u751f\u4e91\u57fa\u7840\u8bbe\u65bd\u7684\u9886\u519b\u8005\uff0c\u589e\u957f\u7206\u53d1\u529b\u60ca\u4eba\uff0c\u4f46\u9ad8\u6760\u6746\u4e0e\u91cd\u8d44\u4ea7\u6a21\u5f0f\u4f7f\u5176\u5bf9\u5b8f\u89c2\u5229\u7387\u4e0eAI\u8d44\u672c\u5f00\u652f\u5468\u671f\u9ad8\u5ea6\u654f\u611f\u3002<\/span><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a80\u7f8e\u5143\u81f3130\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/span><\/b><span data-contrast=\"auto\">\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Lumentum Holdings Inc. (LITE)<\/span><\/b><span data-ccp-props=\"{&quot;201341983&quot;:0,&quot;335559740&quot;:240}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Revenue: <\/span><\/b><span data-contrast=\"auto\">$1.01B<\/span><span data-contrast=\"auto\">, +110.1% YoY, beat estimates by $22.3M<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"Arial\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"21\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">4Q26 Non-GAAP EPS<\/span><\/b><span data-contrast=\"auto\">: <\/span><span data-contrast=\"auto\">$3.23, beat estimates by $0.26&nbsp;<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:0,&quot;335559740&quot;:276}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"22\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">1Q27<\/span><\/b><b><span data-contrast=\"auto\"> Guidance:<\/span><\/b><span data-contrast=\"auto\"> 1Q27 revenue is guided to $1.225B\u2013$1.275B, implying roughly 24% sequential growth at the midpoint, with adjusted EPS of $4.05\u2013$4.35. Both are above prior Street expectations. AI\/cloud optical demand remains supply-constrained, with Lumentum expanding manufacturing capacity to address the backlog.<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\u25cf\" data-font=\"\" data-listid=\"1\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\u25cf&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"23\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">Comment: <\/span><\/b><span data-contrast=\"auto\">This was an exceptionally strong beat-and-raise. Revenue more than doubled, EPS nearly quadrupled, gross margin crossed 50%, and the 1QFY27 guide implies another substantial sequential acceleration. Demand is being driven by 800G\/1.6T optical connectivity, optical circuit switches and next-generation AI networking architectures, positioning Lumentum as one of the clearest optical beneficiaries of hyperscaler AI capex. The principal issue is expectations. LITE has already appreciated dramatically as the market priced in the AI-optics shortage, and even this substantial beat generated only an initial ~3% after-hours gain before shares faded. That suggests investors increasingly require upward revisions rather than simply strong results. The key variables are 1.6T transceiver ramps, laser and OCS capacity expansion, gross-margin sustainability above 50%, and execution against Nvidia and hyperscaler demand. <\/span><b><span data-contrast=\"auto\">3Q26 recommended trading range: $700 to $1000. Neutral Outlook.<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<p><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<p><b><span data-contrast=\"auto\">Lumentum Holdings Inc.\uff08LITE<\/span><\/b><b><span data-contrast=\"auto\">)<\/span><\/b><span data-ccp-props=\"{}\">&nbsp;<\/span><\/p>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"17\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\uff1a<\/span><\/b><span data-contrast=\"auto\">10.1\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f110.1%\uff0c\u8d85\u51fa\u9884\u671f2230\u4e07\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"18\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u56db\u5b63\u5ea6\u975e\u516c\u8ba4\u4f1a\u8ba1\u51c6\u5219\u6bcf\u80a1\u6536\u76ca\uff1a<\/span><\/b><span data-contrast=\"auto\">3.23\u7f8e\u5143\uff0c\u663e\u8457\u8d85\u51fa\u9884\u671f0.26\u7f8e\u5143<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"19\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">27\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6307\u5f15\uff1a<\/span><\/b><span data-contrast=\"auto\">\u8425\u6536\u9884\u8ba1\u4e3a12.25\u4ebf\u201312.75\u4ebf\u7f8e\u5143\uff08\u4e2d\u503c\u9690\u542b\u73af\u6bd4\u5927\u5e45\u589e\u957f\u7ea624%\uff09\uff1b\u8c03\u6574\u540eEPS\u9884\u8ba1\u4e3a4.05\u20134.35\u7f8e\u5143\uff1b\u4e24\u9879\u6307\u5f15\u5747\u9ad8\u4e8e\u534e\u5c14\u8857\u6b64\u524d\u9884\u671f\u3002AI\u4e0e\u4e91\u5149\u5b66\u9700\u6c42\u4ecd\u9762\u4e34\u4f9b\u7ed9\u74f6\u9888\uff0c\u516c\u53f8\u6b63\u79ef\u6781\u6269\u5145\u5236\u9020\u4ea7\u80fd\u4ee5\u6d88\u5316\u5e9e\u5927\u7684\u79ef\u538b\u8ba2\u5355\u3002<\/span><span data-ccp-props=\"{}\">&nbsp;<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-setsize=\"-1\" data-leveltext=\"\uf0b7\" data-font=\"Symbol\" data-listid=\"2\" data-list-defn-props=\"{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;\uf0b7&quot;,&quot;469777815&quot;:&quot;multilevel&quot;}\" data-aria-posinset=\"20\" data-aria-level=\"1\"><b><span data-contrast=\"auto\">\u77ed\u8bc4\uff1a<\/span><\/b><span data-contrast=\"auto\">\u672c\u5b63\u5ea6\u8868\u73b0\u582a\u79f0\u5b8c\u7f8e\uff0c\u5448\u73b0\u6781\u4e3a\u5f3a\u52b2\u7684\u201c\u8d85\u9884\u671f+\u4e0a\u8c03\u6307\u5f15\u201d\u6001\u52bf\u3002\u8425\u6536\u540c\u6bd4\u7ffb\u500d\uff0c\u76c8\u5229\u8fd1\u4e4e\u7ffb\u56db\u500d\uff0c\u6bdb\u5229\u7387\u6210\u529f\u7a81\u783450%\uff0c\u4e141Q27\u6307\u5f15\u6697\u793a\u73af\u6bd4\u589e\u901f\u5c06\u518d\u6b21\u5927\u5e45\u8dc3\u5347\u3002\u9700\u6c42\u7206\u53d1\u7684\u6838\u5fc3\u9a71\u52a8\u529b\u6765\u81ea800G\/1.6T\u9ad8\u901f\u5149\u6a21\u5757\u3001\u5149\u7535\u8def\u4ea4\u6362\u673a\uff08OCS\uff09\uff0c\u8fd9\u4f7f\u5f97<\/span><span data-contrast=\"auto\">Lumentum<\/span><span data-contrast=\"auto\">\u7a33\u5c45\u8d85\u5927\u89c4\u6a21\u5ba2\u6237\uff08<\/span><span data-contrast=\"auto\">hyperscalers\uff09AI\u8d44\u672c\u5f00\u652f\u6700\u6838\u5fc3\u7684\u5149\u5b66\u53d7\u76ca\u8005\u4e4b\u5217\u3002\u7136\u800c\uff0c<\/span><span data-contrast=\"auto\">\u6838\u5fc3\u535a\u5f08\u70b9\u5728\u4e8e\u201c\u9884\u671f\u900f\u652f\u201d\u3002\u7531\u4e8e\u5e02\u573a\u524d\u671f\u5df2\u5145\u5206\u5b9a\u4ef7\u4e86\u201c<\/span><span data-contrast=\"auto\">AI<\/span><span data-contrast=\"auto\">\u5149\u5b66\u5668\u4ef6\u77ed\u7f3a\u201d\u7684\u903b\u8f91<\/span><span data-contrast=\"auto\">\uff0cLITE\u80a1\u4ef7\u5df2\u79ef\u7d2f\u4e86\u5de8\u5927\u6da8\u5e45\u3002\u56e0\u6b64\uff0c\u5373\u4fbf\u4ea4\u51fa\u5982\u6b64\u70b8\u88c2\u7684\u8d22\u62a5\uff0c\u76d8\u540e\u4e5f\u4ec5\u5f55\u5f97\u7ea63%\u7684\u521d\u59cb\u6da8\u5e45\u5e76\u968f\u540e\u56de\u843d\u3002\u8fd9\u8868\u660e\u5728\u5f53\u524d\u6781\u9ad8\u7684\u4f30\u503c\u6c34\u4f4d\u4e0b\uff0c\u6295\u8d44\u8005\u5bf9\u5229\u597d\u7684\u9608\u503c\u5df2\u88ab\u5927\u5e45\u62ac\u9ad8\uff0c<\/span><span data-contrast=\"auto\">\u5355\u7eaf\u201c\u4e1a\u7ee9\u597d\u201d\u5df2\u4e0d\u8db3\u4ee5\u63a8\u52a8\u80a1\u4ef7<\/span><span data-contrast=\"auto\">\uff0c<\/span><span data-contrast=\"auto\">\u5e02\u573a\u9700\u8981\u7684\u662f\u201c\u9884\u671f\u88ab\u6301\u7eed\u5927\u5e45\u4e0a\u8c03\u201d\u3002\u540e\u7eed\u5173\u952e\u53d8\u91cf\u5305\u62ec\uff1a\uff081\uff091.6T\u5149\u6536\u53d1\u5668\u7684\u91cf\u4ea7\u722c\u5761\u4e0e\u5934\u90e8\u5ba2\u6237\u9a8c\u8bc1\u8fdb\u5ea6\uff1b\uff082\uff09\u6fc0\u5149\u5668\u4e0eOCS\u4ea7\u80fd\u6269\u5f20\u80fd\u5426\u5339\u914d\u7206\u70b8\u6027\u7684\u8ba2\u5355\u9700\u6c42\uff1b\uff083\uff0950%\u4ee5\u4e0a\u7684\u9ad8\u6bdb\u5229\u7387\u5728\u4ea7\u80fd\u6269\u5f20\u671f\u80fd\u5426\u6301\u7eed\u7ef4\u6301\uff1b\uff084\uff09\u5bf9\u82f1\u4f1f\u8fbe\u53ca\u8d85\u5927\u89c4\u6a21\u4e91\u5382\u5546\u4e0b\u4e00\u4ee3\u7f51\u7edc\u67b6\u6784\u9700\u6c42\u7684\u4ea4\u4ed8\u6267\u884c\u529b\u3002<\/span><span data-contrast=\"auto\">Lumentum<\/span><span data-contrast=\"auto\">\u4f5c\u4e3aAI\u5149\u901a\u4fe1\u8d5b\u9053\u7684\u7edd\u5bf9\u9f99\u5934\u4e4b\u4e00\uff0c\u57fa\u672c\u9762\u6b63\u5904\u4e8e\u5386\u53f2\u6700\u4f73\u72b6\u6001\u3002\u4f46\u201c\u597d\u516c\u53f8\u201d\u4e0e<\/span><span data-contrast=\"auto\">\u201c<\/span><span data-contrast=\"auto\">\u597d\u80a1\u7968\u201d\u5728\u6781\u9ad8\u9884\u671f\u4e0b\u5b58\u5728\u9519\u4f4d\uff0c\u77ed\u671f\u80a1\u4ef7\u8868\u73b0\u5c06\u9ad8\u5ea6\u4f9d\u8d56\u4e8e\u8ba2\u5355\u80fd\u89c1\u5ea6\u7684\u8fdb\u4e00\u6b65\u8d85\u9884\u671f\u4e0a\u4fee\u3002<\/span><b><span data-contrast=\"auto\">26\u8d22\u5e74\u7b2c\u4e09\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a700\u7f8e\u5143\u81f31000\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/span><\/b>&nbsp;<\/li>\n<\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-6ff17fbc e-con e-atomic-element e-flexbox-base e-6ff17fbc-c4ddb64 \" data-id=\"6ff17fbc\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"6ff17fbc\" data-e-type=\"e-flexbox\" data-id=\"6ff17fbc\">\n    \t\t\t<p class=\"e-262c95ac-f5069e1 e-paragraph-base\" data-interaction-id=\"262c95ac\" data-e-type=\"widget\" data-id=\"262c95ac\"><a target=\"_self\" href=\"#top\" id=\"e-mq4jsug1-z6kdzol\">^ Back to Top<\/a><\/p>\n\t\t\n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>TECHNICAL ANALYSIS SINGAPORE \u00a0|\u00a0 HONG KONG \u00a0|\u00a0 UNITED STATES\u00a0\u00a0|\u00a0\u00a0EARNINGS Singapore HKL SP Hongkong Land Holdings Limited.\u00a0 Shares closed above the 5dEMA\u00a0with volume spike.\u00a0 Both RSI and MACD are constructive.\u00a0\u00a0 Buy \u2013 Entry\u00a08.0, Target\u00a09.0, Stop\u00a07.5\u00a0 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA\u00a0with\u00a0elevated volume for the week.\u00a0 Both RSI and MACD are constructive.\u00a0\u00a0 Buy [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[],"class_list":["post-93257","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.0.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Enya Tan\"\/>\n\t<meta name=\"keywords\" content=\"technical analysis\" \/>\n\t<link rel=\"canonical\" href=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 5.0.0.1\" \/>\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: 12 August 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta property=\"og:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/\" \/>\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=\"2026-08-12T00:00:46+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2026-08-12T07:28:25+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Technical Analysis: 12 August 2026 \u2022 KGI Singapore Research\" \/>\n\t\t<meta name=\"twitter:description\" content=\"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI\" \/>\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-12-august-2026\\\/#blogposting\",\"name\":\"Technical Analysis: 12 August 2026 \\u2022 KGI Singapore Research\",\"headline\":\"Technical Analysis: 12 August 2026\",\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#organization\"},\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/Screenshot-2026-08-12-at-12.22.03-AM.png?wsr\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#articleImage\"},\"datePublished\":\"2026-08-12T08:00:46+08:00\",\"dateModified\":\"2026-08-12T15:28:25+08:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#webpage\"},\"articleSection\":\"Technical Analysis\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#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-12-august-2026\\\/#listItem\",\"name\":\"Technical Analysis: 12 August 2026\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#listItem\",\"position\":3,\"name\":\"Technical Analysis: 12 August 2026\",\"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-12-august-2026\\\/#organizationLogo\",\"width\":512,\"height\":512},\"image\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#organizationLogo\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/\",\"name\":\"Enya Tan\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Enya Tan\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#webpage\",\"url\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/\",\"name\":\"Technical Analysis: 12 August 2026 \\u2022 KGI Singapore Research\",\"description\":\"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \\u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/technical-analysis-12-august-2026\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/www.kgieworld.sg\\\/research\\\/author\\\/enya-tankgi-com\\\/#author\"},\"datePublished\":\"2026-08-12T08:00:46+08:00\",\"dateModified\":\"2026-08-12T15:28:25+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: 12 August 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI","canonical_url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/","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-12-august-2026\/#blogposting","name":"Technical Analysis: 12 August 2026 \u2022 KGI Singapore Research","headline":"Technical Analysis: 12 August 2026","author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"publisher":{"@id":"https:\/\/www.kgieworld.sg\/research\/#organization"},"image":{"@type":"ImageObject","url":"https:\/\/www.kgieworld.sg\/research\/wp-content\/uploads\/2026\/08\/Screenshot-2026-08-12-at-12.22.03-AM.png?wsr","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#articleImage"},"datePublished":"2026-08-12T08:00:46+08:00","dateModified":"2026-08-12T15:28:25+08:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#webpage"},"isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#webpage"},"articleSection":"Technical Analysis"},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#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-12-august-2026\/#listItem","name":"Technical Analysis: 12 August 2026"},"previousItem":{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#listItem","position":3,"name":"Technical Analysis: 12 August 2026","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-12-august-2026\/#organizationLogo","width":512,"height":512},"image":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#organizationLogo"}},{"@type":"Person","@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author","url":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/","name":"Enya Tan","image":{"@type":"ImageObject","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/4f09a39c9a5aa4debb9941c1ec24d69ad141e38f63db32b2779cc8567ab1f843?s=96&d=mm&r=g","width":96,"height":96,"caption":"Enya Tan"}},{"@type":"WebPage","@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#webpage","url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/","name":"Technical Analysis: 12 August 2026 \u2022 KGI Singapore Research","description":"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/www.kgieworld.sg\/research\/#website"},"breadcrumb":{"@id":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/#breadcrumblist"},"author":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"creator":{"@id":"https:\/\/www.kgieworld.sg\/research\/author\/enya-tankgi-com\/#author"},"datePublished":"2026-08-12T08:00:46+08:00","dateModified":"2026-08-12T15:28:25+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: 12 August 2026 \u2022 KGI Singapore Research","og:description":"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI","og:url":"https:\/\/www.kgieworld.sg\/research\/technical-analysis-12-august-2026\/","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":"2026-08-12T00:00:46+00:00","article:modified_time":"2026-08-12T07:28:25+00:00","twitter:card":"summary","twitter:title":"Technical Analysis: 12 August 2026 \u2022 KGI Singapore Research","twitter:description":"TECHNICAL ANALYSIS Technical Analysis: 12 August 2026 SINGAPORE | HONG KONG | UNITED STATES | EARNINGS Singapore HKL SP Hongkong Land Holdings Limited. Shares closed above the 5dEMA with volume spike. Both RSI and MACD are constructive. Buy \u2013 Entry 8.0, Target 9.0, Stop 7.5 RGL SP Reclaims Global Limited. Shares closed above the 5dEMA with elevated volume for the week. Both RSI","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":"93257","title":"#post_title #separator_sa #site_title","description":"#post_excerpt","keywords":null,"keyphrases":{"focus":[],"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":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"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":{"faqs":[],"keyPoints":[],"schemas":[],"titles":[],"descriptions":[],"socialPosts":{"email":{"subject":"","preview":"","content":""},"linkedin":[],"twitter":[],"facebook":[],"instagram":[]}},"created":"2026-08-11 09:03:40","updated":"2026-08-12 00:09:08","seo_analyzer_scan_date":null,"focus_keyword":null,"additional_keywords":null,"truseo_locale":null},"_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/93257","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/comments?post=93257"}],"version-history":[{"count":7,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/93257\/revisions"}],"predecessor-version":[{"id":93317,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/posts\/93257\/revisions\/93317"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/media?parent=93257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/categories?post=93257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/research\/wp-json\/wp\/v2\/tags?post=93257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}