Russian stock alert

RUSS

CLOSING UPDATE: Magnitogorsk Iron and Steel Works drops further 3.1% 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).

Magnitogorsk Iron and Steel Works, Russia's 3rd largest iron/steel company by market capitalisation, traded on volume of 0.4 times average today while the price sank RUB1.99 (or 4.1%) to trade at RUB46.60. Compared with the MOEX Russia Index which fell 10.8 points (or 0.5%) in the day, this represented a relative price change of -3.6%.

Technical indicators complementing today's significant downtrend:

+ The price sank 4.3% in the last week.

Note

Magnitogorsk Iron and Steel Works today is at a discount of 7.7% to the 12-month high of RUB50.51 on 27 Apr, 2018. It is at a premium of 62.1% to the 12-month low of RUB28.75 on 21 Jun, 2017.

The stock has outperformed 76% of the Russian market over the past 6 months.

Bullish Signals:

The positive 0.75 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

The present value of RUB1,000 invested one year ago is RUB1,612 [vs RUB1,225 for the MOEX Russia Index].

Tobin's Q Ratio is 1.3. Compared with the rest of the market the stock is undervalued.

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

Undervaluation:

Price to Book of 1.8 [4.0]

Return on Assets 17.1% [14.3%]

TODAY'S ALERT

Morning Alert: Magnitogorsk Iron and Steel Works decreases 1.0%

18 June 2018 11:38 SAMT

Magnitogorsk Iron & Steel Works (MICEX:MAGN) traded on volume of 0.8 times average so far today while the price decreased 49.0 Kopeck (or 1.0%) to trade at RUB48.10.

RECENT ALERTS

CLOSING UPDATE: Magnitogorsk Iron and Steel Works increases 1.5%

15 June 2018 19:47 SAMT

Magnitogorsk Iron and Steel Works, Russia's 2nd largest iron/steel company by market capitalisation, traded on volume of 0.4 times average today while the price increased 69.50 Kopeck (or 1.5%) to trade at RUB48.59. Compared with the MOEX Russia Index which fell 16.4 points (or 0.7%) in the day, this represented a relative price increase of 2.2%.

Morning Alert: Magnitogorsk Iron and Steel Works decreases 0.3%

15 June 2018 11:38 SAMT

Magnitogorsk Iron & Steel Works (MICEX:MAGN) traded on volume of 0.3 times average so far today while the price decreased 14.50 Kopeck (or 0.3%) to trade at RUB47.76.

Magnitogorsk Iron & Steel Works (M:MAGN; MCX:MAGN; MM:MAGN; RM:MAGN)

ISIN: RU0009084396

PermID: 4295887044

Source: www.BuySellSignals.com