South African stock alert

SAFR

CLOSING UPDATE: PPC up 8.5% in 2 days 21 September 2018 18:59 SAST

NEWS BITES - AFRICA

This is an end of day Alert, produced after today's South African market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

PPC, South Africa's largest building & construction materials company by market capitalisation, extended its gains on Friday, rising an additional 50.98c (or 8.5%) to trade at ZAR6.51. Trading volume was 74% of average at the end of the day. The shares have risen 51.0c (or 8.5%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 1.4% in the same period.

Bullish Signals:

+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

Note

PPC today is at a discount of 29.6% to the 12-month high of ZAR9.25 on 03 May, 2018. It is at a premium of 27.4% to the 12-month low of ZAR5.11 on 14 Dec, 2017.

The stock has underperformed 57% of the South African market over the past 6 months.

Bearish Signals:

The negative 0.07 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

As per the Du Pont analysis, Return on Equity is less than stellar at 0.5%.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 65.1 [45.1]

Price/Sales of 1 [0.8]

Return on Equity 0.5% [2.3%]

Return on Assets 0.2% [1.1%]

TODAY'S ALERTS

Afternoon Alert: PPC up 5.2% in 2 days

21 September 2018 12:51 SAST

PPC Ltd. (J:PPC) extended its gains on Friday, rising an additional 30.98c (or 5.2%) to trade at ZAR6.31. Trading volume was 83% of average so far today. The shares have risen 31.0c (or 5.2%) over the past two trading days vs. the FTSE/JSE- Africa Top 40 Index which has risen 1.4% in the same period.

Morning Alert: PPC lifts 2.5% - outperforming 90% of stocks

21 September 2018 10:51 SAST

PPC Ltd. (J:PPC) has lifted 14.98c (or 2.5%) today to trade at ZAR6.15 and has outperformed 90% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

Afternoon Alert: PPC lifts 2.0%, leads Building & construction materials sector higher

20 September 2018 12:51 SAST

PPC Ltd. (J:PPC) has lifted 2.0% to trade at ZAR6.12 vs. the Building & construction materials sector which strengthened 107.3 points (or 1.3%) to 8,545.8. Representing a weighting of about 66.1% of the sector, the stock accounted for the gain. The shares have outperformed 97% of the market in the past week. Trading volume was 21.8 times average so far today.

Morning Alert: PPC increases 1.8%, leads Building & construction materials sector higher

20 September 2018 10:51 SAST

PPC Ltd. (J:PPC) has increased 1.8% to trade at ZAR6.11 vs. the Building & construction materials sector which strengthened 98.0 points (or 1.2%) to 8,536.6. Representing a weighting of about 66.0% of the sector, the stock accounted for the gain. The shares have outperformed 96% of the market in the past week. Trading volume was 37.9 times average so far today.

PPC Ltd. (J:PPC; JNB:PPC; SJ:PPC)

ISIN: ZAE000170049

PermID: 4295888664

Source: www.BuySellSignals.com