Market Mover | Metcash shares plummet over 6%, facing significant selling pressure
Market Mover | Metcash shares plummet over 6%, facing significant selling pressure
Resistance: A$3.88$Metcash Ltd (MTS.AU)$ shares fell 6.20% on Tuesday, with trading volume expanding to A$30.05 million. Metcash has fallen 5.38% over the past week, with a cumulative loss of 2.33% year-to-date.
$Metcash Ltd (MTS.AU)$ 周二股价下跌6.20％，交易量扩大至3,05万澳元。过去一周，Metcash下跌了5.38％，今年迄今累计亏损2.33％。
Metcash's technical analysis chart:
Metcash 的技术分析图表：
Technical Analysis:
技术分析：
Support: A$3.32
Resistance: A$3.88
Price range A$3.32 to A$3.88:
The trading range indicates a heavy concentration of selling orders, with the stock price on an downward trend. There's a high concentration of trapped positions within the trading range, which implies strong resistance to any upward movement. The stock started to decline near A$3.88 due to selling pressure and repeatedly tested the A$3.32 level, where it seems to find some support. Going forward, it's crucial to watch whether the support at A$3.32 holds and if it can lead to a potential rebound.
支撑位：3.32 澳元
阻力：3.88澳元
价格区间为3.32澳元至3.88澳元：
交易区间表明卖单高度集中，股价呈下降趋势。交易区间内的被困头寸高度集中，这意味着对任何向上走势的阻力都很强。由于抛售压力，该股开始下跌至3.88澳元附近，并多次测试3.32澳元的水平，似乎找到了一些支撑。展望未来，至关重要的是要观察3.32澳元的支撑位是否保持以及它能否带来潜在的反弹。
Market News :
市场新闻：
Goldman Sachs downgraded Metcash's shares to a sell rating, with a reduced price target of A$3.10 from A$3.80. Metcash is facing a challenge because online shopping is becoming increasingly popular in the grocery market. Woolworths, Coles, and Amazon are continually expanding their product offerings and accelerating their same-day delivery services. Goldman Sachs says this is making the value proposition of Metcash's IGA stores less attractive and increasing their price disadvantage.
高盛将Metcash的股票评级下调至卖出评级，目标股价从3.80澳元下调至3.10澳元。Metcash正面临挑战，因为在线购物在杂货市场越来越受欢迎。Woolworths、Coles和亚马逊不断扩大其产品供应并加快当日送达服务。高盛表示，这降低了Metcash旗下IGA门店的价值主张的吸引力，并增加了其价格劣势。
Goldman Sachs believes Metcash will underperform market expectations in the medium term. They said:
高盛认为，从中期来看，Metcash的表现将低于市场预期。他们说：
We cut our FY25E-27E group revenue by 1-2% and EBIT by 5-6% on lower Hardware corporate own/JV margins. Our FY24E-27E group revenue/EBIT CAGRs are 4.4%/6.9% and our FY25E-27E EBIT (ex-Horizon costs) are ~4% below FactSet consensus.
由于硬件公司自有/合资企业的利润率降低，我们将 FY25E-27E 集团收入削减了1-2％，息税前利润削减了5-6％。我们的 FY24E-27E 集团收入/息税前利润复合年增长率为4.4％/6.9％，我们的 FY25E-27E 息税前利润（除地平线成本）比FactSet的共识低约4％。
Overall Analysis:
总体分析：
Fundamentally, focus on the company's performance and operational status. Technically, pay attention to whether the support levels hold and if the resistance levels can be effectively breached.
从根本上讲，关注公司的业绩和运营状况。从技术上讲，注意支撑位是否保持以及阻力位是否可以有效突破。
In this scenario, investors should adopt a cautious strategy, setting stop-loss points to manage risk and maintaining ongoing vigilance regarding company developments and market conditions.
在这种情况下，投资者应采取谨慎的策略，设定止损点以管理风险，并对公司发展和市场状况保持持续警惕。
Source: Bloomberg
来源：彭博社
