Australia Stock Alert

AUSTR

CLOSING UPDATE: Commonwealth Bank of Australia lifts 2.5%, led market higher June 20, 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 lifted 2.5% to trade at $A71.87 vs. the All Ordinaries Index which strengthened 65.7 points (or 1.1%) to 6,274.5. Representing a weighting of about 6.0% of the index, the stock accounted for 14.2% of today's gain. The shares have outperformed 86% of the market in the past week. Trading volume was 1.1 times average at the end of the day. Compared with the All Ordinaries Index which rose 65.7 points (or 1.1%) in the day, this represented a relative price increase of 1.4%.

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 2% of stock by value of Q Ratio.

+ The Brand Value represents 0.8% of the estimated Enterprise Value of $A940.4 billion.

Note

Commonwealth Bank of Australia today is at a discount of 10.8% to the 12-month high of $A80.54 on 27 Jul, 2017. It is at a premium of 6.9% to the 12-month low of $A67.22 on 14 Jun, 2018.

Bearish Signals:

The negative 0.38 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

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

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.

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

Overvaluation:

Price to Book of 2.4 [1.8]

Dividend yield of 6% [8.3%]

TODAY'S ALERTS

Afternoon Alert: Commonwealth Bank of Australia keeps rising: up 5.5% in 4 days

June 20, 2018 13:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) extended its gains on Wednesday, rising an additional $A1.07 (or 1.5%) to trade at $A71.19. The shares have risen $A3.73 (or 5.5%) over the past four trading days vs. the All Ordinaries Index which has risen 2.1% in the same period.

Morning Alert: Commonwealth Bank of Australia keeps rising: up 4.6% in 4 days

June 20, 2018 11:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) extended its gains on Wednesday, rising an additional 43.0c (or 0.6%) to trade at $A70.54.

RECENT ALERTS

CLOSING UPDATE: Commonwealth Bank of Australia keeps rising: up 3.9% in 3 days

June 19, 2018 16:00:00 AEST

Commonwealth Bank of Australia, Australia's largest bank by market capitalisation, extended its gains on Tuesday, rising an additional 41.0c (or 0.6%) to trade at $A70.11. Trading volume was 70% of average at the end of the day. The shares have risen $A2.66 (or 3.9%) over the past three trading days vs. the All Ordinaries Index which has risen 1.3% in the same period.

Afternoon Alert: Commonwealth Bank of Australia keeps rising: up 4.0% in 3 days

June 19, 2018 13:00:00 AEST

Commonwealth Bank of Australia (ASX:CBA) extended its gains on Tuesday, rising an additional 43.0c (or 0.6%) to trade at $A70.13. The shares have risen $A2.68 (or 4.0%) over the past three trading days vs. the All Ordinaries Index which has risen 1.7% in the same period.

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

ISIN: AU000000CBA7

PermID: 4295856152

Source: www.BuySellSignals.com