Russian stock alert

RUSS

CLOSING UPDATE: GMK Norilsk Nickel increases further 0.2%, led Mining sector higher 20 September 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).

GMK Norilsk Nickel, Russia's largest mining company by market capitalisation, has increased 1.0% to trade at RUB11,748.0 vs. the Mining sector which strengthened 39.1 points (or 0.7%) to 5,348.6. Representing a weighting of about 55.8% of the sector, the stock accounted for 73.3% of today's gain. The shares have outperformed 82% of the market in the past month. Trading volume was 1.4 times average at the end of the day. Compared with the MOEX Russia Index which rose 9.1 points (or 0.4%) in the day, this represented a relative price increase of 0.04%.

Technical indicators complementing today's significant uptrend:

+ The positive 190.94 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

+ The price increased 1.3% in the last week and jumped 7.4% in the last month.

Other Bullish Signals include:

+ Interest cover is less leveraged at 6.3 times.

+ Total Liabilities/EBITDA of 3.5 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.7. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 24.6% in the last 3 years. This is considered superior and suggests a high margin of safety.

Note

Overbought/Bearish:

The 0.8% discount to 12-month high of RUB11,838.0 against the 40.7% premium to 12-month low of RUB8,350.91 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 13.0 [10.7]

Price to Book of 6.1 [5.4]

Return on Assets 12.8% [15.8%]

TODAY'S ALERTS

Afternoon Alert: GMK Norilsk Nickel increases 0.8%, leads Mining sector higher

20 September 2018 14:06 SAMT

GMK Norilsk Nickel PJSC (MICEX:GMKN) has increased 0.8% to trade at RUB11,725.0 vs. the Mining sector which strengthened 39.9 points (or 0.8%) to 5,349.4. Representing a weighting of about 55.7% of the sector, the stock accounted for 57.5% of today's gain. The shares have outperformed 81% of the market in the past six months. Trading volume was 93% of average so far today.

Morning Alert: GMK Norilsk Nickel increases 0.5%, leads Mining sector higher

20 September 2018 11:38 SAMT

GMK Norilsk Nickel PJSC (MICEX:GMKN) has increased 0.5% to trade at RUB11,690.0 vs. the Mining sector which strengthened 20.5 points (or 0.4%) to 5,330.0. Representing a weighting of about 55.8% of the sector, the stock accounted for 67.6% of today's gain. The shares have outperformed 81% of the market in the past one year. Trading volume was 68% of average so far today.

RECENT ALERTS

CLOSING UPDATE: GMK Norilsk Nickel hits 52-week high seventh time in one month

19 September 2018 19:45 SAMT

GMK Norilsk Nickel, Russia's largest mining company by market capitalisation, hit a 52-week high of RUB11,790.0 today for the seventh time in the past one month and last traded at RUB11,635.0. This brought its two-day rise to RUB145.0 or 1.3%. Trading volume was 1.1 times average at the end of the day. Compared with the MOEX Russia Index which fell 1.9 points (or 0.08%) in the day, this represented a relative price increase of 0.7%.

Afternoon Alert: GMK Norilsk Nickel increases 1.7%, leads Mining sector higher

19 September 2018 14:06 SAMT

GMK Norilsk Nickel PJSC (MICEX:GMKN) has increased 1.7% to trade at RUB11,765.0 vs. the Mining sector which strengthened 44.7 points (or 0.8%) to 5,352.3. Representing a weighting of about 55.9% of the sector, the stock accounted for the gain. The shares have outperformed 82% of the market in the past six months. Trading volume was 2.2 times average so far today.

GMK Norilsk Nickel PJSC (M:GMKN; MCX:GMKN; MM:GMKN; RM:GMKN)

ISIN: RU0007288411

PermID: 4295887092

Source: www.BuySellSignals.com