{"id":85508,"date":"2026-02-19T08:25:10","date_gmt":"2026-02-19T00:25:10","guid":{"rendered":"https:\/\/www.kgieworld.sg\/research\/?p=85508"},"modified":"2026-02-19T13:43:54","modified_gmt":"2026-02-19T05:43:54","slug":"technical-analysis-19-february-2026","status":"publish","type":"post","link":"https:\/\/www.kgieworld.sg\/researchstg\/technical-analysis-19-february-2026\/","title":{"rendered":"Technical Analysis &#8211; 19 February 2026"},"content":{"rendered":"\n<p class=\"has-cyan-bluish-gray-background-color has-background wp-block-paragraph\" id=\"top\"><strong><a href=\"#us\">United States<\/a> | <a href=\"#sg\">Singapore<\/a> | <a href=\"#hk\">Hong Kong<\/a> | <a href=\"#ea\" title=\"\">Earnings<\/a><\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"us\"><a id=\"post-76998-_5ifytjpamge8\"><\/a><figure><img fetchpriority=\"high\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-77026\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/09\/word-image-76998-1-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Dollar Tree Inc (DLTR US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"904\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-282.png\" alt=\"\" class=\"wp-image-85542\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-282.png 904w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-282-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-282-768x452.png 768w\" sizes=\"(max-width: 904px) 100vw, 904px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA. The 10dEMA crossed the 20dEMA.<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<\/li>\n\n\n\n<li><strong>Long \u2013 Entry 130, Target 140, Stop 125<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"864\" height=\"181\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-31.png\" alt=\"\" class=\"wp-image-83664\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-31.png 864w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-31-300x63.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-31-768x161.png 768w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">Church & Dwight Co Inc. (CHD US)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"904\" height=\"532\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-283.png\" alt=\"\" class=\"wp-image-85543\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-283.png 904w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-283-300x177.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-283-768x452.png 768w\" sizes=\"(max-width: 904px) 100vw, 904px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed at a high since April 2025, above the 5dEMA with rising volume.<\/li>\n\n\n\n<li>MACD is positive while RSI is at an overbought level.<\/li>\n\n\n\n<li><strong>Long \u2013 Entry 101, Target 109, Stop 97<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-4.png\" alt=\"\" class=\"wp-image-83465\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-4.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-4-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"sg\"><a id=\"post-83412-_q3z2pzaup3mw\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-5.png\" class=\"wp-image-83466\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-5.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-5-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<h3 class=\"wp-block-heading\">Comfortdelgro Corporation Limited. (CD SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"941\" height=\"560\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-267.png\" alt=\"\" class=\"wp-image-85510\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-267.png 941w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-267-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-267-768x457.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA with rising volume.<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 1.48, Target 1.64, Stop 1.40<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"864\" height=\"181\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-30.png\" alt=\"\" class=\"wp-image-83663\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-30.png 864w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-30-300x63.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-30-768x161.png 768w\" sizes=\"(max-width: 864px) 100vw, 864px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">ISDN Holdings Limited (ISDN SP)<\/h3>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"941\" height=\"560\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-268.png\" alt=\"\" class=\"wp-image-85511\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-268.png 941w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-268-300x179.png 300w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/02\/image-268-768x457.png 768w\" sizes=\"(max-width: 941px) 100vw, 941px\" \/><\/figure>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Shares closed above the 5dEMA.<\/li>\n\n\n\n<li>Both RSI and MACD are constructive.<\/li>\n\n\n\n<li><strong>Buy \u2013 Entry 0.395, Target 0.435, Stop 0.375<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-32.png\" alt=\"\" class=\"wp-image-83665\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-32.png 602w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-32-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"hk\"><a id=\"post-83412-_ox2yqx6nkukc\"><\/a><figure><img loading=\"lazy\" decoding=\"async\" width=\"637\" height=\"135\" class=\"wp-image-83471\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-10.png\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-10.png 637w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-10-300x64.png 300w\" sizes=\"(max-width: 637px) 100vw, 637px\" \/><\/figure><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"hk\">The <strong>Hong Kong<\/strong> market is closed today in observance of a public holiday (Lunar New Year). Trading resumes on Friday, 20 February.<\/p>\n\n\n\n<p class=\"has-text-align-right wp-block-paragraph\"><a href=\"#top\" title=\"\">^ Back To Top<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"602\" height=\"128\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-33.png\" alt=\"\" class=\"wp-image-83666\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-33.png 602w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/image-33-300x64.png 300w\" sizes=\"(max-width: 602px) 100vw, 602px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image\" id=\"ea\"><img loading=\"lazy\" decoding=\"async\" width=\"601\" height=\"108\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-15.png\" alt=\"\" class=\"wp-image-83476\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-15.png 601w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2026\/01\/word-image-83412-15-300x54.png 300w\" sizes=\"(max-width: 601px) 100vw, 601px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Carvana Co. (CVNA)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4Q25 Revenue: <\/strong>$5.61B, +58.0% YoY, beat estimates by $340M<\/li>\n\n\n\n<li><strong>4Q25 adjusted EPS<\/strong>: $1.06<\/li>\n\n\n\n<li><strong>FY26 Guidance<\/strong>: Expects significant growth in both retail units sold and Adjusted EBITDA in full year 2026, including a sequential increase in both retail units sold and Adjusted EBITDA in 1Q26, assuming the environment remains stable.<\/li>\n\n\n\n<li><strong>Comment: <\/strong>Carvana reported mixed fourth-quarter results, with revenue surging 58% YoY to US$5.6bn and retail units sold rising 58% to 163,522, both ahead of expectations, reflecting strong demand for used vehicles. However, adjusted EPS of US$1.06 and adjusted EBITDA of US$511mn missed estimates as higher inspection, repair, and reconditioning costs, along with increased retail depreciation, pressured margins; total expenses reached US$2.16bn, and management warned that elevated non-vehicle costs will persist into Q1. Looking ahead, the company did not provide detailed quarterly guidance but expects sequential growth in both retail units sold and adjusted EBITDA in Q1 and significant growth for full-year 2026, assuming a stable macro environment. While management remains confident in scaling toward long-term margin targets, near-term execution risks remain elevated given cost pressures and lingering scrutiny from short sellers, suggesting volatility may persist even as top-line momentum stays strong. <strong>1Q26 recommended trading range: $270 to $320. Neutral Outlook.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Carvana Co. (CVNA)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63\u8425\u6536\uff1a<\/strong>56.1\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f58.0%\uff0c\u8d85\u51fa\u9884\u671f3.4\u4ebf\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63\u8c03\u6574\u540e\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.06\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>26<\/strong><strong>\u8d22\u5e74\u6307\u5f15\uff1a<\/strong>\u9884\u8ba12026\u8d22\u5e74\u96f6\u552e\u9500\u91cf\u548c\u8c03\u6574\u540e\u7684EBITDA\u5747\u4f1a\u663e\u8457\u589e\u957f\uff0c\u5305\u62ec\u57282026\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u96f6\u552e\u9500\u91cf\u548c\u8c03\u6574\u540e\u7684EBITDA\u7684\u73af\u6bd4\u589e\u957f\uff0c\u5047\u8bbe\u73af\u5883\u4fdd\u6301\u7a33\u5b9a\u3002<\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>Carvana\u62a5\u544a\u4e86\u6df7\u5408\u7684\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u8425\u6536\u540c\u6bd4\u6fc0\u589e58%\uff0c\u8fbe56\u4ebf\u7f8e\u5143\uff0c\u96f6\u552e\u9500\u91cf\u589e\u957f58%\uff0c\u81f3163,522\u8f86\uff0c\u5747\u8d85\u51fa\u9884\u671f\uff0c\u53cd\u6620\u51fa\u5bf9\u4e8c\u624b\u8f66\u7684\u5f3a\u52b2\u9700\u6c42\u3002\u7136\u800c\uff0c\u8c03\u6574\u540e\u7684\u6bcf\u80a1\u6536\u76ca\u4e3a1.06\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u7684EBITDA\u4e3a5.11\u4ebf\u7f8e\u5143\uff0c\u5747\u672a\u8fbe\u5230\u9884\u671f\uff0c\u4e3b\u8981\u539f\u56e0\u662f\u66f4\u9ad8\u7684\u68c0\u9a8c\u3001\u4fee\u7406\u548c\u7ffb\u65b0\u6210\u672c\uff0c\u4ee5\u53ca\u63d0\u9ad8\u7684\u96f6\u552e\u6298\u65e7\u538b\u529b\u4e86\u5229\u6da6\u7387\uff1b\u603b\u8d39\u7528\u8fbe\u523021.6\u4ebf\u7f8e\u5143\uff0c\u7ba1\u7406\u5c42\u8b66\u544a\u8bf4\uff0c\u975e\u8f66\u8f86\u6210\u672c\u7684\u4e0a\u5347\u5c06\u6301\u7eed\u5230\u7b2c\u4e00\u5b63\u5ea6\u3002\u5c55\u671b\u672a\u6765\uff0c\u516c\u53f8\u672a\u63d0\u4f9b\u8be6\u7ec6\u7684\u5b63\u5ea6\u6307\u5f15\uff0c\u4f46\u9884\u8ba1\u7b2c\u4e00\u5b63\u5ea6\u96f6\u552e\u9500\u91cf\u548c\u8c03\u6574\u540e\u7684EBITDA\u5c06\u73af\u6bd4\u589e\u957f\uff0c\u4e14\u9884\u8ba12026\u8d22\u5e74\u5c06\u663e\u8457\u589e\u957f\uff0c\u5047\u8bbe\u5b8f\u89c2\u73af\u5883\u7a33\u5b9a\u3002\u5c3d\u7ba1\u7ba1\u7406\u5c42\u5bf9\u5411\u957f\u671f\u5229\u6da6\u76ee\u6807\u7684\u6269\u5c55\u5145\u6ee1\u4fe1\u5fc3\uff0c\u4f46\u7531\u4e8e\u6210\u672c\u538b\u529b\u548c\u7a7a\u5934\u7684\u6301\u7eed\u5ba1\u67e5\uff0c\u77ed\u671f\u6267\u884c\u98ce\u9669\u4ecd\u7136\u8f83\u9ad8\uff0c\u8fd9\u8868\u660e\u5c3d\u7ba1\u9876\u7ebf\u52a8\u529b\u4fdd\u6301\u5f3a\u52b2\uff0c\u6ce2\u52a8\u6027\u53ef\u80fd\u4f1a\u6301\u7eed\u3002<strong>26<\/strong><strong>\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/strong><strong>270<\/strong><strong>\u7f8e\u5143\u81f3<\/strong><strong>320<\/strong><strong>\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f\u3002<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DoorDash Inc. (DASH)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4Q25 Revenue: <\/strong>$3.96B, +38% YoY, miss estimates by $30M<\/li>\n\n\n\n<li><strong>4Q25 GAAP EPS<\/strong>: $0.48, miss estimates by $0.10<\/li>\n\n\n\n<li><strong>1Q26 Guidance<\/strong>: Expect adjusted EBITDA between $675M and $775M compared to estimates of $802M and marketplace GOV of $31.0B to $31.8B.<\/li>\n\n\n\n<li><strong>Comment: <\/strong>DoorDash reported mixed fourth-quarter results, with revenue rising 38% YoY to US$3.96bn, slightly below the US$3.99bn consensus, and earnings per share of US$0.48 missing expectations of US$0.59. Total orders grew 32% to 903 million, while Marketplace gross order value increased 39% to US$29.7bn, reflecting continued strong demand and share gains. Adjusted EBITDA came in at US$780mn, and GAAP net income rose to US$213mn from US$141mn a year earlier. Despite the earnings miss, shares rebounded in extended trading as investors focused on scale, improving profitability and management\u2019s long-term strategy. For 1Q26, DoorDash guided Marketplace GOV of US$31.0bn to US$31.8bn and adjusted EBITDA of US$675mn to US$775mn, below the US$802mn expected, citing incremental Deliveroo investment, an estimated US$20mn storm impact and higher Dasher costs. For full-year 2026, management expects adjusted EBITDA margin (as a percentage of GOV) to improve slightly versus 2025, excluding Deliveroo, which is expected to contribute about US$200mn in EBITDA. While near-term margins face pressure from heavy investment in global integration, autonomy, and merchant tools, DoorDash is clearly positioning itself as the operating system for local commerce, and if execution holds, the spending today could meaningfully expand its long-term profit pool. <strong>1Q26 recommended trading range: $170 to $220. Neutral Outlook.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>DoorDash Inc. (DASH)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63\u8425\u6536\uff1a<\/strong>39.6\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f38%\uff0c\u4f4e\u4e8e\u9884\u671f3000\u4e07\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63<\/strong><strong>GAAP<\/strong><strong>\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>0.48\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f0.10\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>26<\/strong><strong>\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8c03\u6574\u540e\u7684EBITDA\u57286.75\u4ebf\u81f37.75\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u800c\u9884\u671f\u4e3a8.02\u4ebf\u7f8e\u5143\uff0c\u5e02\u573a\u603b\u4ea4\u6613\u503c\uff08GOV\uff09\u4e3a310\u4ebf\u81f3318\u4ebf\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>DoorDash\u62a5\u544a\u4e86\u6df7\u5408\u7684\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\uff0c\u8425\u6536\u540c\u6bd4\u589e\u957f38%\uff0c\u8fbe39.6\u4ebf\u7f8e\u5143\uff0c\u7565\u4f4e\u4e8e39.9\u4ebf\u7f8e\u5143\u7684\u5171\u8bc6\uff0c\u6bcf\u80a1\u6536\u76ca\u4e3a0.48\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u671f\u76840.59\u7f8e\u5143\u3002\u603b\u8ba2\u5355\u589e\u957f32%\uff0c\u8fbe\u52309.03\u4ebf\u7b14\uff0c\u800c\u5e02\u573a\u603b\u4ea4\u6613\u503c\u589e\u957f39%\uff0c\u8fbe\u5230297\u4ebf\u7f8e\u5143\uff0c\u53cd\u6620\u51fa\u6301\u7eed\u5f3a\u52b2\u7684\u9700\u6c42\u548c\u5e02\u573a\u4efd\u989d\u7684\u589e\u957f\u3002\u8c03\u6574\u540e\u7684EBITDA\u4e3a7.8\u4ebf\u7f8e\u5143\uff0cGAAP\u51c0\u6536\u5165\u4ece\u53bb\u5e74\u540c\u671f\u76841.41\u4ebf\u7f8e\u5143\u4e0a\u5347\u81f32.13\u4ebf\u7f8e\u5143\u3002\u5c3d\u7ba1\u6536\u76ca\u672a\u8fbe\u9884\u671f\uff0c\u53d1\u5e03\u540e\u80a1\u4ef7\u5728\u6269\u5c55\u4ea4\u6613\u4e2d\u53cd\u5f39\uff0c\u56e0\u4e3a\u6295\u8d44\u8005\u5173\u6ce8\u89c4\u6a21\u3001\u6539\u5584\u76c8\u5229\u80fd\u529b\u548c\u7ba1\u7406\u5c42\u7684\u957f\u671f\u6218\u7565\u3002\u9488\u5bf926\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\uff0cDoorDash\u9884\u8ba1\u5e02\u573a\u603b\u4ea4\u6613\u503c\u4e3a310\u4ebf\u81f3318\u4ebf\u7f8e\u5143\uff0c\u8c03\u6574\u540e\u7684EBITDA\u57286.75\u4ebf\u81f37.75\u4ebf\u7f8e\u5143\u4e4b\u95f4\uff0c\u4f4e\u4e8e\u9884\u8ba1\u76848.02\u4ebf\u7f8e\u5143\uff0c\u5e76\u63d0\u5230\u589e\u91cf\u7684Deliveroo\u6295\u8d44\u3001\u4f30\u8ba12000\u4e07\u7f8e\u5143\u7684\u98ce\u66b4\u5f71\u54cd\u4ee5\u53ca\u66f4\u9ad8\u7684\u914d\u9001\u5458\u6210\u672c\u3002\u5bf9\u4e8e2026\u8d22\u5e74\uff0c\u7ba1\u7406\u5c42\u9884\u8ba1\u8c03\u6574\u540e\u7684EBITDA\u5229\u6da6\u7387\uff08\u5360\u5e02\u573a\u603b\u4ea4\u6613\u503c\u7684\u767e\u5206\u6bd4\uff09\u5c06\u7565\u5fae\u6539\u5584\uff0c\u76f8\u6bd42025\u5e74\u4e0a\u5347\uff0c\u4e0d\u5305\u62ecDeliveroo\uff0c\u9884\u8ba1\u5176\u5c06\u8d21\u732e\u7ea62\u4ebf\u7f8e\u5143\u7684EBITDA\u3002\u5c3d\u7ba1\u8fd1\u671f\u5229\u6da6\u53d7\u5230\u5168\u7403\u6574\u5408\u3001\u81ea\u6cbb\u548c\u5546\u6237\u5de5\u5177\u91cd\u6295\u8d44\u7684\u538b\u529b\uff0cDoorDash\u663e\u7136\u5c06\u81ea\u5df1\u5b9a\u4f4d\u4e3a\u672c\u5730\u5546\u4e1a\u7684\u64cd\u4f5c\u7cfb\u7edf\uff0c\u5982\u679c\u6267\u884c\u987a\u5229\uff0c\u4eca\u5929\u7684\u652f\u51fa\u53ef\u80fd\u4f1a\u663e\u8457\u6269\u5927\u5176\u957f\u671f\u5229\u6da6\u6c60\u3002<strong>26<\/strong><strong>\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a<\/strong><strong>170<\/strong><strong>\u7f8e\u5143\u81f3<\/strong><strong>220<\/strong><strong>\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/strong>\u3002<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>eBay Inc. (EBAY)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>4Q25 Revenue: <\/strong>$2.97B, +14.2% YoY, beat estimates by $100M<\/li>\n\n\n\n<li><strong>4Q25 non-GAAP EPS<\/strong>: $1.41, beat estimates by $0.06<\/li>\n\n\n\n<li><strong>1Q26 Guidance<\/strong>: Expect revenue of $3.00B \u2013 $3.05B vs consensus of $2.80B and diluted non-GAAP EPS of $1.53 \u2013 $1.59 vs consensus of $1.48.<\/li>\n\n\n\n<li><strong>Comment: <\/strong>eBay delivered a strong outlook and strategic acquisition update alongside its fourth-quarter results. The company reported Q4 revenue of US$2.97bn, ahead of the US$2.88bn consensus, while gross merchandise volume (GMV) rose 10% YoY to US$21.24bn. For Q1, eBay guided revenue of US$3.0bn to US$3.05bn, comfortably above the US$2.80bn expected, and projected GMV of US$21.5bn to US$21.9bn versus estimates of US$20.1bn, ssignalling continued momentum in its core marketplace. In a move to deepen its exposure to the fast-growing resale segment, eBay announced it will acquire Depop from Etsy for nearly US$1.2bn. Management highlighted Depop\u2019s strong traction with younger consumers in pre-loved fashion, aligning with eBay\u2019s broader recommerce and circular economy strategy. The deal, expected to close in Q2, is projected to add 1 to 2 percentage points to total GMV growth in 2026. Overall, the combination of better-than-expected guidance and a targeted acquisition in a high-growth resale niche reinforces eBay\u2019s pivot toward authenticated, pre-owned categories, a strategy that appears increasingly differentiated in a competitive e-commerce landscape. <strong>1Q26 recommended trading range: $80 to $95. Neutral Outlook.<\/strong><\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>eBay Inc. (EBAY)<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63\u8425\u6536\uff1a<\/strong>29.7\u4ebf\u7f8e\u5143\uff0c\u540c\u6bd4\u589e\u957f14.2%\uff0c\u8d85\u51fa\u9884\u671f1\u4ebf\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>25<\/strong><strong>\u8d22\u5e74\u7b2c\u56db\u5b63<\/strong><strong>Non-GAAP<\/strong><strong>\u6bcf\u80a1\u6536\u76ca\uff1a<\/strong>1.41\u7f8e\u5143\uff0c\u8d85\u51fa\u9884\u671f0.06\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>26<\/strong><strong>\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u6307\u5f15\uff1a<\/strong>\u9884\u8ba1\u8425\u6536\u4e3a30\u4ebf\u7f8e\u5143\u81f330.5\u4ebf\u7f8e\u5143\uff0c\u800c\u5171\u8bc6\u4e3a28\u4ebf\u7f8e\u5143\uff0c\u7a00\u91ca\u540e\u7684Non-GAAP\u6bcf\u80a1\u6536\u76ca\u4e3a1.53\u7f8e\u5143\u81f31.59\u7f8e\u5143\uff0c\u800c\u5171\u8bc6\u4e3a1.48\u7f8e\u5143\u3002<\/li>\n\n\n\n<li><strong>\u77ed\u8bc4\uff1a<\/strong>eBay\u5728\u7b2c\u56db\u5b63\u5ea6\u4e1a\u7ee9\u53d1\u5e03\u65f6\u63d0\u4f9b\u4e86\u5f3a\u52b2\u7684\u524d\u666f\u548c\u6218\u7565\u6536\u8d2d\u66f4\u65b0\u3002\u516c\u53f8\u62a5\u544a\u7684\u7b2c\u56db\u5b63\u5ea6\u8425\u6536\u4e3a29.7\u4ebf\u7f8e\u5143\uff0c\u8d85\u8fc728.8\u4ebf\u7f8e\u5143\u7684\u5171\u8bc6\uff0c\u800c\u5546\u54c1\u603b\u6210\u4ea4\u91cf\uff08GMV\uff09\u540c\u6bd4\u589e\u957f10%\uff0c\u8fbe\u5230212.4\u4ebf\u7f8e\u5143\u3002\u5728\u7b2c\u4e00\u5b63\u5ea6\uff0ceBay\u9884\u8ba1\u8425\u6536\u5c06\u4e3a30\u4ebf\u7f8e\u5143\u81f330.5\u4ebf\u7f8e\u5143\uff0c\u8fdc\u9ad8\u4e8e\u9884\u671f\u768428\u4ebf\u7f8e\u5143\uff0c\u5e76\u9884\u8ba1GMV\u4e3a215\u4ebf\u7f8e\u5143\u81f3219\u4ebf\u7f8e\u5143\uff0c\u8d85\u8fc720.1\u4ebf\u7f8e\u5143\u7684\u4f30\u8ba1\uff0c\u663e\u793a\u5176\u6838\u5fc3\u5e02\u573a\u7684\u6301\u7eed\u52a8\u80fd\u3002\u4e3a\u4e86\u52a0\u6df1\u5bf9\u5feb\u901f\u589e\u957f\u7684\u4e8c\u624b\u5e02\u573a\u7684\u66dd\u5149\uff0ceBay\u5ba3\u5e03\u5c06\u4ee5\u8fd112\u4ebf\u7f8e\u5143\u6536\u8d2dEtsy\u65d7\u4e0b\u7684Depop\u3002\u7ba1\u7406\u5c42\u5f3a\u8c03Depop\u5728\u4e8c\u624b\u65f6\u5c1a\u65b9\u9762\u4e0e\u5e74\u8f7b\u6d88\u8d39\u8005\u7684\u5f3a\u52b2\u5438\u5f15\u529b\uff0c\u8fd9\u4e0eeBay\u66f4\u5e7f\u6cdb\u7684\u518d\u6d88\u8d39\u548c\u5faa\u73af\u7ecf\u6d4e\u6218\u7565\u76f8\u4e00\u81f4\u3002\u8be5\u4ea4\u6613\u9884\u8ba1\u5c06\u5728\u7b2c\u4e8c\u5b63\u5ea6\u5b8c\u6210\uff0c\u5e76\u9884\u8ba1\u5c06\u57282026\u5e74\u4e3a\u603bGMV\u589e\u957f\u8d21\u732e1\u81f32\u4e2a\u767e\u5206\u70b9\u3002\u603b\u4f53\u800c\u8a00\uff0c\u66f4\u9ad8\u4e8e\u9884\u671f\u7684\u6307\u5f15\u548c\u5728\u9ad8\u589e\u957f\u4e8c\u624b\u5e02\u573a\u7684\u9488\u5bf9\u6027\u6536\u8d2d\uff0c\u5f3a\u5316\u4e86eBay\u5411\u8ba4\u8bc1\u7684\u4e8c\u624b\u7c7b\u522b\u7684\u8f6c\u53d8\uff0c\u8fd9\u4e00\u7b56\u7565\u5728\u7ade\u4e89\u6fc0\u70c8\u7684\u7535\u5b50\u5546\u52a1\u73af\u5883\u4e2d\u663e\u5f97\u6108\u52a0\u72ec\u7279\u3002<strong>26\u8d22\u5e74\u7b2c\u4e00\u5b63\u5ea6\u5efa\u8bae\u4ea4\u6613\u533a\u95f4\uff1a80\u7f8e\u5143\u81f395\u7f8e\u5143\u3002\u4e2d\u6027\u524d\u666f<\/strong>\u3002\u00a0\u00a0\u00a0<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-ed4e1152\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-075e5b76\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-0ad8dd24\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-buttons uagb-buttons__outer-wrap uagb-btn__default-btn uagb-btn-tablet__default-btn uagb-btn-mobile__default-btn uagb-block-dc1bd65c\"><div class=\"uagb-buttons__wrap uagb-buttons-layout-wrap \">\n<div class=\"wp-block-uagb-buttons-child uagb-buttons__outer-wrap uagb-block-2f4e392f wp-block-button\"><div class=\"uagb-button__wrapper\"><a class=\"uagb-buttons-repeater wp-block-button__link\" aria-label=\"\" href=\"https:\/\/www.kgieworld.sg\/securities\/contact-us\" rel=\"follow noopener\" target=\"_self\" role=\"button\"><div class=\"uagb-button__link\">Contact us to find out more<\/div><\/a><\/div><\/div>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-4467fd1f\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-fdd2c8c4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><a id=\"post-56747-_fginbsn8cd1z\"><\/a><\/h3>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-27ad8851\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-62b24b08 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/www.whatsapp.com\/channel\/0029VayhkxMChq6JN6qO8x0B\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/1-1.png ,https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/1-1.png 780w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/1-1.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/1-1.png\" alt=\"\" class=\"uag-image-69995\" width=\"760\" height=\"208\" title=\"1\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n\n\n\n<div class=\"wp-block-uagb-image uagb-block-82e9f322 wp-block-uagb-image--layout-default wp-block-uagb-image--effect-static wp-block-uagb-image--align-none\"><figure class=\"wp-block-uagb-image__figure\"><a class=\"\" href=\"https:\/\/t.me\/kgisg\" target=\"\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" srcset=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/2.png ,https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/2.png 780w, https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/2.png 360w\" sizes=\"auto, (max-width: 480px) 150px\" src=\"https:\/\/www.kgieworld.sg\/researchstg\/wp-content\/uploads\/2025\/06\/2.png\" alt=\"\" class=\"uag-image-69996\" width=\"760\" height=\"208\" title=\"2\" loading=\"lazy\" role=\"img\"\/><\/a><\/figure><\/div>\n","protected":false},"excerpt":{"rendered":"<p>United States | Singapore | Hong Kong | Earnings Dollar Tree Inc (DLTR US) Church &#038; Dwight Co Inc. (CHD US) ^ Back To Top Comfortdelgro Corporation Limited. (CD SP) ISDN Holdings Limited (ISDN SP) ^ Back To Top The Hong Kong market is closed today in observance of a public holiday (Lunar New Year). [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-85508","post","type-post","status-publish","format-standard","hentry","category-technical-analysis"],"aioseo_notices":[],"uagb_featured_image_src":{"full":false,"thumbnail":false,"medium":false,"medium_large":false,"large":false,"1536x1536":false,"2048x2048":false},"uagb_author_info":{"display_name":"Enya Tan","author_link":"https:\/\/www.kgieworld.sg\/researchstg\/author\/enya-tankgi-com\/"},"uagb_comment_info":0,"uagb_excerpt":"United States | Singapore | Hong Kong | Earnings Dollar Tree Inc (DLTR US) Church & Dwight Co Inc. (CHD US) ^ Back To Top Comfortdelgro Corporation Limited. (CD SP) ISDN Holdings Limited (ISDN SP) ^ Back To Top The Hong Kong market is closed today in observance of a public holiday (Lunar New Year).&hellip;","_links":{"self":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/85508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/comments?post=85508"}],"version-history":[{"count":2,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/85508\/revisions"}],"predecessor-version":[{"id":85544,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/posts\/85508\/revisions\/85544"}],"wp:attachment":[{"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/media?parent=85508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/categories?post=85508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgieworld.sg\/researchstg\/wp-json\/wp\/v2\/tags?post=85508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}