United States | Singapore | Hong Kong | Earnings
LightPath Technologies, Inc. (LPTH US)
- Shares closed above the 5dEMA with elevated volume.
- RSI is constructive and MACD is about to turn positive.
- Long – Entry 13, Target 15, Stop 12
Tower Semiconductor, Ltd (TSEM US)
- Shares closed above the 5dEMA.
- Both RSI and MACD are constructive.
- Long – Entry 240, Target 280, Stop 220
Thai Beverage Public Co., Ltd (THBEV SP)
- Shares closed above the 5dEMA and 200dEMA with elevated volume.
- RSI is at overbought levels but MACD is still constructive.
- Buy – Entry 0.46, Target 0.50, Stop 0.44
Riverstone Holdings Limited. (RSTON SP)
- Shares closed right on the 5dEMA with elevated volume for the week.
- RSI is at overbought levels but MACD is still constructive.
- Buy – Entry 0.90, Target 1.02, Stop 0.84
CNOOC Ltd (883 HK)
- Shares closed above the 20dEMA with rising volume.
- RSI is constructive, while MACD is about to turn positive.
- Long – Entry 27, Target 29, Stop 26
PetroChina Co., Ltd. (857 HK)
- Shares closed above the 20dEMA with rising volume.
- RSI is constructive, while MACD is negative.
- Long – Entry 11.0, Target 12.0, Stop 10.5
The Home Depot, Inc. (HD)
- 1Q26 Revenue: $41.8B, +4.9% YoY, beat estimates by $290M
- 1Q26 Non-GAAP EPS: $3.43, beat estimates by $0.02
- FY26 Guidance: Reaffirmed FY26 guidance for total sales growth of 2.8% and comparable sales growth of about 1.0%. Adjusted diluted EPS is still expected to decline about 2% for FY26.
- Comment: This was a better-than-feared quarter, but not a decisive inflection. Sales and adjusted EPS both beat, and comparable sales turned modestly positive at 0.6%, with U.S. comps up 0.4%. Pro demand remained stronger than DIY demand, and online sales increased 10%, which suggests the business is stabilizing even though the big-ticket home improvement backdrop remains soft. The main issue is that the macro backdrop still looks sluggish. Large remodeling projects remain under pressure, while categories tied to smaller projects and seasonal demand are holding up better. Management kept full-year guidance unchanged, which indicates the company is seeing conditions broadly similar to fiscal 2025 rather than a sharper recovery. The stock reaction was modestly positive, with shares up around 1% after the release, but the market appears to want clearer evidence of housing-linked demand improvement before rerating the name. The principal variables to monitor are Pro sales durability, comp momentum in the U.S., recovery in larger discretionary projects, and whether margins can hold if the company leans further into promotions or cost absorption. 2Q26 recommended trading range: $280 to $340. Neutral Outlook.
家得宝公司（HD)
- 26财年第一季度营收：418亿美元，同比增长4.9%，超出预期2.9亿美元
- 26财年第一季度非公认会计准则每股收益：3.43美元，超出预期0.02美元
- 26财年全年指引：重申全年总销售额增长2.8%、同店销售增长约1.0%；调整后稀释每股收益预计同比下降约2%
- 短评：本季度表现好于市场担忧，但尚未出现明确拐点。营收与盈利双双超预期，同店销售额小幅转正（+0.6%），美国本土同店增长0.4%；专业客户（Pro）需求持续强于DIY消费者，线上销售增长10%，显示业务正在温和企稳，尽管大额家居改造环境依然疲软。核心挑战在于宏观消费背景仍显低迷：大型翻新项目持续承压，而小额、季节性品类表现相对稳健。管理层维持全年指引不变，暗示2026年经营环境与2025年相似，未见显著复苏加速。财报发布后股价微涨约1%，反应克制——市场仍在等待住房相关需求更清晰的改善信号，才愿给予估值重估。后续关键变量包括：（1）Pro客户销售的持续性；（2）美国同店增长动能是否增强；（3）大额可选消费项目能否回暖；（4）若公司进一步加大促销或承担成本，利润率能否保持稳定。26财年第二季度建议交易区间：280美元至340美元。中性前景。
Hesai Group (HSAI)
- 1Q26 Revenue: $98.7M, +29.6% YoY, beat estimates by $0.53M
- 1Q26 GAAP EPS: $0.04, beat estimates by $0.04
- FY26 Guidance: Management highlighted continued shipment growth, expanding ADAS lidar adoption, and capacity plans to support up to 4M lidar units in 2026.
- Comment: This was a solid quarter. Revenue rose nearly 30% YoY, gross margin remained healthy at 39.1%, and the company turned profitable on both a GAAP and non GAAP basis. Lidar shipments more than doubled YoY, which indicates that adoption remains strong and that Hesai is converting industry momentum into real volume growth. The key positive is operating leverage. Research and development expense grew much more slowly than revenue, loss from operations narrowed materially, and non-GAAP operating income turned positive. That suggests the business is scaling more efficiently even as it continues to invest in new products and strategic growth initiatives. The principal variables to monitor are shipment growth into 2H26, mix and gross-margin sustainability as lower-margin products scale, customer concentration in ADAS programs, and whether new product launches for higher-level autonomy meaningfully expand content per vehicle. 2Q26 recommended trading range: $18 to $25. Neutral Outlook.
禾赛科技（HSAI)
- 26财年第一季度营收：9870万美元，同比增长29.6%，超出预期53万美元
- 26财年第一季度公认会计准则每股收益：0.04美元，超出预期0.04美元（实现扭亏为盈）
- 26财年全年指引：管理层强调激光雷达出货量持续增长、ADAS领域渗透加速，并计划将2026年产能提升至支持400万颗激光雷达的交付能力
- 短评：本季度表现稳健。营收同比增长近30%，毛利率维持在健康水平（39.1%），公司首次在GAAP与非GAAP口径下同时实现盈利。激光雷达出货量同比翻倍以上，印证行业高景气正有效转化为实际销量增长。核心亮点在于运营杠杆显现：研发支出增速远低于营收增速，营业亏损大幅收窄，非GAAP营业利润转正，显示公司在持续投入新产品与战略项目的同时，规模化效率显著提升。后续关键变量包括：（1）2026年下半年出货量能否延续高增长；（2）随着低毛利产品占比可能上升，整体毛利率是否可持续；（3）ADAS客户集中度风险；（4）面向高阶自动驾驶的新产品能否显著提升单车价值量（content per vehicle）。26财年第二季度建议交易区间：18美元至25美元。中性前景。
