Russian stock alert

RUSS

CLOSING UPDATE: MMC Norilsk Nickel decreases 0.7%, led Mining sector lower 15 June 2018 19:47 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).

MMC Norilsk Nickel, Russia's largest mining company by market capitalisation, has decreased 0.7% to trade at RUB11,098.0 vs. the Mining sector which weakened 5.3 points (or 0.1%) to 4,999.4. Representing a weighting of about 56.4% of the sector, the stock accounted for the loss. Trading volume was 48% of average at the end of the day. Compared with the MOEX Russia Index which fell 16.4 points (or 0.7%) in the day, this represented a relative price increase of 0.03%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 2.5% in the last week.

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

Overvaluation:

+ Price/Earnings of 13.7 [10.5]

+ Price to Book of 8 [5.8]

+ Return on Assets 13.3% [16.3%]

+ Return on Capital Employed 22.6% [25.1%]

Note

MMC Norilsk Nickel today is at a discount of 7.3% to the 12-month high of RUB11,970.0 on 15 Feb, 2018. It is at a premium of 42.5% to the 12-month low of RUB7,791.0 on 22 Jun, 2017.

Bullish Signals:

The positive 102.52 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the Russian market, the stock's relative price strength percentile is improving at 69 for 6 months, 70 for 3 months and 76 for 1 month.

Interest cover is less leveraged at 25.4 times.

Total Liabilities/EBITDA of 3.8 is comfortably below the Joseph Piotroski benchmark of <5.

Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 24.8% in the last 3 years. This is considered superior and suggests a high margin of safety.

TODAY'S ALERTS

Afternoon Alert: MMC Norilsk Nickel decreases 0.7%

15 June 2018 14:06 SAMT

MMC Norilsk Nickel (MICEX:GMKN) traded on volume of 1.0 times average so far today while the price decreased RUB76.0 (or 0.7%) to trade at RUB11,100.0.

Morning Alert: MMC Norilsk Nickel increases 0.1%

15 June 2018 11:38 SAMT

MMC Norilsk Nickel (MICEX:GMKN) traded on volume of 0.9 times average so far today while the price increased RUB10.0 (or 0.1%) to trade at RUB11,186.0.

RECENT ALERTS

CLOSING UPDATE: MMC Norilsk Nickel increases losses by 0.2%, led Mining sector lower

14 June 2018 19:46 SAMT

MMC Norilsk Nickel, Russia's largest mining company by market capitalisation, has decreased 1.2% to trade at RUB11,176.0 vs. the Mining sector which weakened 37.9 points (or 0.8%) to 5,004.7. Representing a weighting of about 56.8% of the sector, the stock accounted for 91.7% of today's loss. The shares have underperformed 87% of the market in the past week. Trading volume was 57% of average at the end of the day. Compared with the MOEX Russia Index which fell 18.1 points (or 0.8%) in the day, this represented a relative price change of -0.4%.

Afternoon Alert: MMC Norilsk Nickel decreases 1.4%, leads Mining sector lower

14 June 2018 14:07 SAMT

MMC Norilsk Nickel (MICEX:GMKN) has decreased 1.4% to trade at RUB11,152.0 vs. the Mining sector which weakened 52.9 points (or 1.1%) to 4,989.7. Representing a weighting of about 56.8% of the sector, the stock accounted for 77.0% of today's loss. The shares have underperformed 88% of the market in the past week. Trading volume was 1.1 times average so far today.

MMC Norilsk Nickel (M:GMKN; MCX:GMKN; MM:GMKN; RM:GMKN)

ISIN: RU0007288411

PermID: 4295887092

Source: www.BuySellSignals.com