South African stock alert

SAFR

CLOSING UPDATE: Standard Bank increased 0.8% - outperforming 90% of stocks 21 July 2017 18:57 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).

Standard Bank, South Africa's 2nd largest bank by market capitalisation, has increased ZAR1.21 (or 0.8%) today to trade at ZAR159.67 and has outperformed 90% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the FTSE/JSE- Africa Top 40 Index which fell 108.0 points (or 0.2%) in the day, this represented a relative price increase of 1.0%.

Technical indicators complementing today's significant uptrend:

+ The positive 3.39 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price climbed 5.0% in the last week and soared 15.9% in the last month.

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

Undervaluation:

+ Price to Book of 1.7 [2.1]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.

+ Net profit margin has averaged 21.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 14.4% is lower than sector average of 15.7%.

Overbought/Bearish:

The 1.8% discount to 12-month high of ZAR162.56 against the 22.6% premium to 12-month low of ZAR130.20 suggests the climb might be peaking.

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

Overvaluation:

Return on Assets 1.3% [1.5%]

TODAY'S ALERTS

Afternoon Alert: Standard Bank increases 0.8%, leads Bank sector higher

21 July 2017 12:50 SAST

Standard Bank Group Ltd. (J:SBK) has increased 0.8% to trade at ZAR159.66 vs. the Bank sector which strengthened 200.8 points (or 0.3%) to 73,040.6. Representing a weighting of about 27.3% of the sector, the stock accounted for 74.2% of today's gain. The shares have outperformed 89% of the market in the past week.

Morning Alert: Standard Bank increases 0.9%, leads Bank sector higher

21 July 2017 10:50 SAST

Standard Bank Group Ltd. (J:SBK) has increased 0.9% to trade at ZAR159.82 vs. the Bank sector which strengthened 391.8 points (or 0.5%) to 73,231.6. Representing a weighting of about 27.2% of the sector, the stock accounted for 43.5% of today's gain. The shares have outperformed 88% of the market in the past week. Trading volume was 1.1 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Standard Bank decreased gains by 0.02%

20 July 2017 18:57 SAST

Standard Bank, South Africa's 2nd largest bank by market capitalisation, traded on volume of 0.9 times average today while the price lifted ZAR3.36 (or 2.2%) to trade at ZAR158.45. Compared with the FTSE/JSE- Africa Top 40 Index which rose 161.2 points (or 0.3%) in the day, this represented a relative price increase of 1.8%.

Afternoon Alert: Standard Bank lifts 2.2%

20 July 2017 12:50 SAST

Standard Bank Group Ltd. (J:SBK) traded on volume of 0.7 times average so far today while the price lifted ZAR3.38 (or 2.2%) to trade at ZAR158.48.

Standard Bank Group Ltd. (J:SBK; JNB:SBK; SJ:SBK)

ISIN: ZAE000109815

PermID: 4295889219

Source: www.BuySellSignals.com