Russian stock alert

RUSS

CLOSING UPDATE: Magnitogorsk Iron and Steel Works hits 52-week high second time in one month 21 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).

Magnitogorsk Iron and Steel Works, Russia's 3rd largest iron/steel company by market capitalisation, hit a 52-week high of RUB52.94 today for the second time in the past one month and last traded at RUB51.90. This brought its five-day rise to RUB2.73 or 5.5%. Trading volume was 84% of average at the end of the day. Compared with the MOEX Russia Index which rose 8.9 points (or 0.4%) in the day, this represented a relative price increase of 0.05%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Russian market, the stock's relative price strength percentile is rising at 83 for 6 months, 83 for 3 months and 88 for 1 month.

+ The price climbed 5.5% in the last week and soared 11.3% in the last month.

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

Undervaluation:

+ Price to Book of 2 [4.0]

+ Return on Equity 23.7% [19.5%]

+ Return on Assets 17.1% [11.4%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 1.5. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity is high at 23.7%. Also, this has improved from 12.7% last year.

Note

Overbought/Bearish:

The 2.0% discount to 12-month high of RUB52.94 against the 29.6% premium to 12-month low of RUB40.06 suggests the climb might be peaking.

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

Overvaluation:

Dividend yield of 3.1% [7.4%]

TODAY'S ALERT

Morning Alert: Magnitogorsk Iron and Steel Works decreases 0.1%

21 September 2018 11:38 SAMT

Magnitogorsk Iron and Steel Works PJSC (MICEX:MAGN) traded on volume of 0.9 times average so far today while the price decreased 6.0 Kopeck (or 0.1%) to trade at RUB51.62.

RECENT ALERTS

CLOSING UPDATE: Magnitogorsk Iron and Steel Works lifts further 2.8% on robust volume

20 September 2018 19:45 SAMT

Magnitogorsk Iron and Steel Works, Russia's 3rd largest iron/steel company by market capitalisation, traded on heavy volume of 1.5 times average today while the price lifted RUB1.80 (or 3.6%) to trade at RUB51.69. Compared with the MOEX Russia Index which rose 9.1 points (or 0.4%) in the day, this represented a relative price increase of 2.7%.

Morning Alert: Magnitogorsk Iron and Steel Works increases 0.8% on firm volume

20 September 2018 11:38 SAMT

Magnitogorsk Iron and Steel Works PJSC (MICEX:MAGN) traded on heavy volume of 1.1 times average so far today while the price increased 41.0 Kopeck (or 0.8%) to trade at RUB50.30.

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

ISIN: RU0009084396

PermID: 4295887044

Source: www.BuySellSignals.com