Australia Stock Alert

AUSTR

CLOSING UPDATE: Westpac Banking decreases 0.5%, led Bank sector lower October 18, 2017 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 decreased 0.5% to trade at $A33.26 vs. the Bank sector which weakened 3.8 points (or 0.05%) to 8,108.5. Representing a weighting of about 25.4% of the sector, the stock accounted for the loss. Trading volume was 54% of average at the end of the day. Compared with the All Ordinaries Index which fell 3.3 points (or 0.06%) in the day, this represented a relative price change of -0.4%.

Note

Bullish Signals:

The positive 0.4 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 3.2% discount to 12-month high of $A34.36 against the 22.1% premium to 12-month low of $A27.25 suggests the stock continues to push for new highs.

The price increased 1.9% in the last week and climbed 5.0% in the last month.

Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 2% of stock by value of Q Ratio.

Net profit margin has averaged 24% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 12.8% is better than sector average of 9.7%.

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

Undervaluation:

Price/Earnings of 15.3 [18.5]

Return on Equity 12.8% [9.7%]

Return on Assets 0.9% [0.6%]

TODAY'S ALERT

Morning Alert: Westpac Banking keeps rising: up 5.5% in 9 days

October 18, 2017 11:00:00 AEST

Westpac Banking Corporation (ASX:WBC) extended its gains on Wednesday, rising an additional 5.0c (or 0.1%) to trade at $A33.47.

RECENT ALERTS

CLOSING UPDATE: Westpac Banking keeps rising: up 5.4% in 8 days

October 17, 2017 16:00:00 AEST

Westpac Banking, Australia's 2nd largest bank by market capitalisation, extended its gains on Tuesday, rising an additional 27.0c (or 0.8%) to trade at $A33.42. Trading volume was 75% of average at the end of the day.

Afternoon Alert: Westpac Banking in 8th consecutive rise, nears eight-month high

October 17, 2017 13:00:00 AEST

Westpac Banking Corporation (ASX:WBC) extended its gains Tuesday, rising an additional 22.50c (or 0.7%) to trade at $A33.38. The stock increased 0.52% on Friday and 0.45% on Monday bringing its 8-day rise to 5.2%. It is now approaching its 161-day high of $A33.46.

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

ISIN: AU000000WBC1

PermID: 4295856193

Source: www.BuySellSignals.com