Australia Stock Alert

AUSTR

CLOSING UPDATE: Commonwealth Bank of Australia decreases further 0.1%, led S&P/ASX 200 Financial-x-Property Trusts index lower May 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).

Commonwealth Bank of Australia, Australia's largest bank by market capitalisation, has decreased 0.9% to trade at $A70.50 vs. the S&P/ASX 200 Financial-x-Property Trusts index which weakened 27.3 points (or 0.4%) to 6,843.4. Representing a weighting of about 22.5% of the index, the stock accounted for 52.4% of today's loss. Compared with the All Ordinaries Index which fell 6.3 points (or 0.1%) in the day, this represented a relative price change of -0.8%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.71 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

+ The price decreased 0.04% in the last week and dropped 2.6% in the last month.

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

Overvaluation:

+ Price to Book of 2.3 [1.8]

+ Dividend yield of 6.1% [8.3%]

Other Bearish Signals include:

+ Net profit margin has averaged 8.7% in the last 3 years. This is lower than the sector average of 20.4% and suggests a low margin of safety.

Note

Commonwealth Bank of Australia today is at a discount of 12.5% to the 12-month high of $A80.54 on 27 Jul, 2017. It is at a premium of 0.6% to the 12-month low of $A70.06 on 14 May, 2018.

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.

The Brand Value represents 0.8% of the estimated Enterprise Value of $A938 billion.

TODAY'S ALERTS

Afternoon Alert: Commonwealth Bank of Australia decreases 0.8%, leads S&P/ASX 200 Financial-x-Property Trusts index lower

May 18, 2018 13:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) has decreased 0.8% to trade at $A70.59 vs. the S&P/ASX 200 Financial-x-Property Trusts index which weakened 33.0 points (or 0.5%) to 6,837.7. Representing a weighting of about 22.6% of the index, the stock accounted for 37.7% of today's loss.

Morning Alert: Commonwealth Bank of Australia decreases 0.7%

May 18, 2018 11:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) has decreased 53.0c (or 0.7%) to trade at $A70.63.

RECENT ALERTS

CLOSING UPDATE: Commonwealth Bank of Australia increases 0.5% on firm volume

May 17, 2018 16:00:00 AEST

Commonwealth Bank of Australia, Australia's largest bank by market capitalisation, traded on heavy volume of 1.2 times average today while the price increased 37.0c (or 0.5%) to trade at $A71.16. Compared with the All Ordinaries Index which fell 10.9 points (or 0.2%) in the day, this represented a relative price increase of 0.7%.

Morning Alert: Commonwealth Bank of Australia decreases 0.2%

May 17, 2018 11:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) has decreased 17.0c (or 0.2%) to trade at $A70.62.

Commonwealth Bank of Australia (AU:CBA; ASX:CBA; AX:CBA)

ISIN: AU000000CBA7

PermID: 4295856152

Source: www.BuySellSignals.com