Russian stock alert

RUSS

CLOSING UPDATE: Inter Rao UES increases 1.9% - outperforming 86% of stocks 18 June 2018 19:45 SAMT

NEWS BITES - BRIC

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

Inter Rao UES, Russia's largest electric company by market capitalisation, has increased 7.60 Kopeck (or 1.9%) today to trade at RUB4.09 and has outperformed 86% of the market in the past three months. A price rise combined with a high relative strength is a bullish signal. Compared with the MOEX Russia Index which fell 10.8 points (or 0.5%) in the day, this represented a relative price increase of 2.4%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 3.5% discount to 12-month high of RUB4.24 against the 26.9% premium to 12-month low of RUB3.22 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.

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

Undervaluation:

+ Return on Equity 11.8% [9.3%]

+ Return on Assets 8.7% [5.5%]

+ Return on Capital Employed 11.6% [8.6%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 38.5%.

+ Interest cover is less leveraged at 6.8 times.

+ Total Liabilities/EBITDA of 2.2 is comfortably below the Joseph Piotroski benchmark of <5.

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

+ As per the Du Pont analysis, Return on Equity of 11.8% is better than sector average of 9.3%.

Note

Bearish Signals:

The price decreased 1.3% in the last week.

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

Overvaluation:

Price/Sales of 0.5 [0.4]

Price to Book of 1 [0.6]

TODAY'S ALERTS

Afternoon Alert: Inter Rao UES lifts 3.3%, leads Electric sector higher

18 June 2018 14:06 SAMT

Inter Rao UES, JSE (MICEX:IRAO) has lifted 3.3% to trade at RUB4.15 vs. the Electric sector which strengthened 13.3 points (or 0.4%) to 3,053.6. Representing a weighting of about 11.0% of the sector, the stock accounted for 81.8% of today's gain. The shares have outperformed 83% of the market in the past month. Trading volume was 1.6 times average so far today.

Morning Alert: Inter Rao UES increases 0.7% on robust volume

18 June 2018 11:38 SAMT

Inter Rao UES, JSE (MICEX:IRAO) traded on heavy volume of 1.4 times average so far today while the price increased 2.90 Kopeck (or 0.7%) to trade at RUB4.04.

RECENT ALERTS

CLOSING UPDATE: Inter Rao UES keeps sliding: down 3.2% in 3 days

15 June 2018 19:47 SAMT

Inter Rao UES, Russia's largest electric company by market capitalisation, extended its slide on Friday, shedding an additional 2.10 Kopeck (or 0.5%) to trade at RUB4.02. Trading volume was 2.4 times average at the end of the day. The shares have fallen 13.10 Kopeck (or 3.2%) over the past three trading days vs. the MOEX Russia Index which has fallen 1.6% in the same period.

Morning Alert: Inter Rao UES decreases 0.2%

15 June 2018 11:38 SAMT

Inter Rao UES, JSE (MICEX:IRAO) traded on volume of 0.8 times average so far today while the price decreased 0.80 Kopeck (or 0.2%) to trade at RUB4.03.

Inter Rao UES, JSE (M:IRAO; MCX:IRAO; MM:IRAO; RM:IRAO)

ISIN: RU000A0JPNM1

PermID: 4298075771

Source: www.BuySellSignals.com