South African stock alert

SAFR

CLOSING UPDATE: Anglo American Platinum increases further 0.4%, led Platinum sector higher 17 August 2018 19:03 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).

Anglo American Platinum, South Africa's largest platinum company by market capitalisation, has lifted 2.3% to trade at ZAR410.83 vs. the Platinum sector which strengthened 90.0 points (or 1.8%) to 5,017.5. Representing a weighting of about 79.0% of the sector, the stock accounted for 97.6% of today's gain. The shares have outperformed 93% of the market in the past month. Trading volume was 41% of average at the end of the day. Compared with the FTSE/JSE- Africa Top 40 Index which rose 95.5 points (or 0.2%) in the day, this represented a relative price increase of 1.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 11.17 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 4.1% discount to 12-month high of ZAR428.32 against the 37.5% premium to 12-month low of ZAR298.80 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high twice.

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

Undervaluation:

+ Dividend yield of 1.4% [1.1%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.

Note

Bearish Signals:

The price dropped 3.0% in the last week.

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

Overvaluation:

Price/Sales of 1.7 [1.2]

Price to Book of 2.7 [1.4]

TODAY'S ALERT

Afternoon Alert: Anglo American Platinum increases 1.8%, leads Platinum sector higher

17 August 2018 12:51 SAST

Anglo American Platinum Limited (J:AMS) has increased 1.8% to trade at ZAR409.18 vs. the Platinum sector which strengthened 78.6 points (or 1.6%) to 5,006.1. Representing a weighting of about 78.9% of the sector, the stock accounted for 91.2% of today's gain. The shares have outperformed 93% of the market in the past month. Trading volume was 45% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Anglo American Platinum drops further 2.4%, led Platinum sector lower

14 August 2018 19:00 SAST

Anglo American Platinum, South Africa's largest platinum company by market capitalisation, has dropped 3.4% to trade at ZAR401.86 vs. the Platinum sector which weakened 167.4 points (or 3.3%) to 4,960.6. Representing a weighting of about 78.2% of the sector, the stock accounted for 80.4% of today's loss. The shares have underperformed 85% of the market in the past week. Compared with the FTSE/JSE- Africa Top 40 Index which fell 269.6 points (or 0.5%) in the day, this represented a relative price change of -2.8%.

Morning Alert: Anglo American Platinum decreases 1.0%, leads Platinum sector lower

14 August 2018 10:51 SAST

Anglo American Platinum Limited (J:AMS) has decreased 1.0% to trade at ZAR411.55 vs. the Platinum sector which weakened 43.8 points (or 0.8%) to 5,084.1. Representing a weighting of about 78.1% of the sector, the stock accounted for 93.9% of today's loss. Trading volume was 46% of average so far today.

Anglo American Platinum Limited (J:AMS; JNB:AMS; SJ:AMS)

ISIN: ZAE000013181

PermID: 4298016482

Source: www.BuySellSignals.com