Australia Stock Alert
CLOSING UPDATE: Suncorp Group increases 1.0%, led Insurance sector higher October 20, 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).
Suncorp Group, Australia's largest insurance company by market capitalisation, has increased 1.0% to trade at $A13.67 vs. the Insurance sector which strengthened 25.6 points (or 0.6%) to 4,608.7. Representing a weighting of about 22.1% of the sector, the stock accounted for 37.8% of today's gain. Trading volume was 78% of average at the end of the day. Compared with the All Ordinaries Index which rose 8.8 points (or 0.1%) in the day, this represented a relative price increase of 0.8%.
Technical indicators complementing today's significant uptrend:
+ The positive 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price lifted 2.4% in the last week and jumped 7.6% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price/Earnings of 16.3 [25.7]
+ Price to Book of 2.2 [2.7]
+ Dividend yield of 5.3% [4.8%]
+ Return on Equity 7.9% [6.9%]
+ Return on Assets 1.1% [0.9%]
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.
+ Net profit margin has averaged 6.6% in the last 3 years. This is better than the sector average of 5.8% and suggests a high margin of safety.
+ As per the Du Pont analysis, Return on Equity is less than stellar at 7.9%.
Suncorp Group today is at a discount of 7.6% to the 12-month high of $A14.79 on 14 Jul, 2017. It is at a premium of 28.1% to the 12-month low of $A10.67 on 09 Nov, 2016.
Morning Alert: Suncorp Group in 5th consecutive rise, nears four-month high
October 20, 2017 11:00:00 AEST
Suncorp Group Limited (ASX:SUN) extended its gains Friday, rising an additional 16.0c (or 1.2%) to trade at $A13.70. The stock increased 0.67% on Wednesday and 0.07% on Thursday bringing its 5-day rise to 2.6%. It is now approaching its 78-day high of $A13.72.
CLOSING UPDATE: Suncorp Group decreases gains by 0.4%
October 19, 2017 16:00:00 AEST
Suncorp Group, Australia's largest insurance company by market capitalisation, traded on volume of 0.7 times average today while the price increased 1.0c (or 0.1%) to trade at $A13.54. Compared with the All Ordinaries Index which rose 5.0 points (or 0.08%) in the day, this represented a relative price change of -0.01%.
Morning Alert: Suncorp Group increases 0.4%
October 19, 2017 11:00:00 AEST
Suncorp Group Limited (ASX:SUN) has increased 6.0c (or 0.4%) to trade at $A13.59.
Suncorp Group Limited (AU:SUN; ASX:SUN; AX:SUN)