Australia Stock Alert

AUSTR

CLOSING UPDATE: Westpac Banking decreases gains by 0.1%, led market higher January 18, 2018 16:00:00 AEST

NEWS BITES - AUSTRALIA

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

Westpac Banking, Australia's 2nd largest bank by market capitalisation, has increased 1.0% to trade at $A30.95 vs. the All Ordinaries Index which strengthened 9.7 points (or 0.2%) to 6,144.0. Representing a weighting of about 5.2% of the index, the stock accounted for 33.8% of today's gain. Trading volume was 85% of average at the end of the day. Compared with the All Ordinaries Index which rose 9.7 points (or 0.2%) in the day, this represented a relative price increase of 0.9%.

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

Undervaluation:

+ Return on Assets 0.9% [0.8%]

Bullish Signals:

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 1% of stock by value of Q Ratio.

+ Net profit margin has averaged 24.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 5.8% of the estimated Enterprise Value of $A88.4 billion.

+ As per the Du Pont analysis, Return on Equity of 13.0% is better than sector average of 12.3%.

Note

Westpac Banking today is at a discount of 7.3% to the 12-month high of $A33.38 on 30 Mar, 2017. It is at a premium of 8.3% to the 12-month low of $A28.57 on 07 Jun, 2017.

Bearish Signals:

The negative 0.14 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 1.5% in the last week and 1.7% in the last month.

TODAY'S ALERTS

Afternoon Alert: Westpac Banking increases 1.2%, leads market higher

January 18, 2018 13:00:00 AEST

Westpac Banking Corporation (ASX:WBC) has increased 1.2% to trade at $A30.99 vs. the All Ordinaries Index which strengthened 11.8 points (or 0.2%) to 6,146.1. Representing a weighting of about 5.2% of the index, the stock accounted for 32.3% of today's gain.

Morning Alert: Westpac Banking increases 1.6%, leads S&P/ASX 200 Financial-x-Property Trusts index higher

January 18, 2018 11:00:00 AEST

Westpac Banking Corporation (ASX:WBC) has increased 1.6% to trade at $A31.13 vs. the S&P/ASX 200 Financial-x-Property Trusts index which strengthened 36.6 points (or 0.5%) to 7,251.7. Representing a weighting of about 18.2% of the index, the stock accounted for 58.1% of today's gain.

RECENT ALERTS

CLOSING UPDATE: Westpac Banking in 5th consecutive fall, nears six-month low

January 17, 2018 16:00:00 AEST

Westpac Banking, Australia's 2nd largest bank by market capitalisation, slipped further on Wednesday, sliding an additional 19.0c (or 0.6%) to trade at $A30.63. The stock decreased 0.7% on Monday and 0.84% on Tuesday bringing its 5-day fall to 3.1%. It is now approaching its 117-day low of $A30.51. Compared with the All Ordinaries Index which fell 31.6 points (or 0.5%) in the day, this represented a relative price change of -0.1%.

Afternoon Alert: Westpac Banking in 5th consecutive fall, nears two-month low

January 17, 2018 13:00:00 AEST

Westpac Banking Corporation (ASX:WBC) slipped further on Wednesday, sliding an additional 24.50c (or 0.8%) to trade at $A30.57. The stock decreased 0.7% on Monday and 0.84% on Tuesday bringing its 5-day fall to 3.2%. It is now approaching its 41-day low of $A30.51.

Westpac Banking Corporation (AU:WBC; ASX:WBC; AX:WBC)

ISIN: AU000000WBC1

PermID: 4295856193

Source: www.BuySellSignals.com