Shanghai stock alert

CHINA

CLOSING UPDATE: Industrial and Commercial Bank of China decreased gains by 0.9%, led Bank sector higher 25 July 2017 15:54 CST

NEWS BITES - BRIC

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

Industrial and Commercial Bank of China, Shanghai's largest bank by market capitalisation, has increased 1.7% to trade at CNY5.48 vs. the Bank sector which strengthened 65.9 points (or 1%) to 6,783.0. Representing a weighting of about 29.3% of the sector, the stock accounted for 50.0% of today's gain. The shares have outperformed 89% of the market in the past month. Trading volume was 2.3 times average at the end of the day. Compared with the SSE 180 Index which fell 38.7 points (or 0.5%) in the day, this represented a relative price increase of 2.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.13 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high six times and in the last three months eighteen times, pointing to a significant uptrend.

+ The price lifted 3.8% in the last week and soared 12.3% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 4.09 [6.3]

+ Dividend yield of 4.3% [3.8%]

+ Return on Assets 1.2% [1.0%]

+ Year-on-Year Earnings Growth of 1.1% [0.8%]

Other Bullish Signals include:

+ Net profit margin has averaged 48.4% 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 14.1% is better than sector average of 13.6%.

Note

Overbought/Bearish:

The 1.8% discount to 12-month high of CNY5.58 against the 35.3% premium to 12-month low of CNY4.05 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 7.0 [5.1]

Price to Book of 1 [0.7]

TODAY'S ALERTS

Afternoon Alert: Industrial and Commercial Bank of China lifts 2.6%, leads Bank sector higher

25 July 2017 13:01 CST

Industrial and Commercial Bank of China - A Share (SS:601398) has lifted 2.6% to trade at CNY5.53 vs. the Bank sector which strengthened 106.8 points (or 1.6%) to 6,823.9. Representing a weighting of about 29.4% of the sector, the stock accounted for 48.1% of today's gain. The shares have outperformed 91% of the market in the past month. Trading volume was 1.8 times average so far today.

Morning Alert: Industrial and Commercial Bank of China increases 1.7%, leads market higher

25 July 2017 10:43 CST

Industrial and Commercial Bank of China - A Share (SS:601398) has increased 1.7% to trade at CNY5.48 vs. the SSE 180 Index which strengthened 12.1 points (or 0.1%) to 8,173.9. Representing a weighting of about 9.4% of the index, the stock accounted for the gain. The shares have outperformed 89% of the market in the past month. Trading volume was 1.4 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Industrial and Commercial Bank of China decreased gains by 0.2%, led market higher

24 July 2017 15:52 CST

Industrial and Commercial Bank of China, Shanghai's largest bank by market capitalisation, has increased 1.1% to trade at CNY5.39 vs. the SSE 180 Index which strengthened 28.1 points (or 0.3%) to 8,151.0. Representing a weighting of about 9.2% of the index, the stock accounted for 29.7% of today's gain. The shares have outperformed 82% of the market in the past month. Trading volume was 1.7 times average at the end of the day. Compared with the SSE 180 Index which rose 28.1 points (or 0.3%) in the day, this represented a relative price increase of 0.8%.

Afternoon Alert: Industrial and Commercial Bank of China increases 1.3%, leads market higher

24 July 2017 13:00 CST

Industrial and Commercial Bank of China - A Share (SS:601398) has increased 1.3% to trade at CNY5.40 vs. the SSE 180 Index which strengthened 28.1 points (or 0.3%) to 8,151.0. Representing a weighting of about 9.3% of the index, the stock accounted for 34.7% of today's gain. The shares have outperformed 83% of the market in the past month. Trading volume was 88% of average so far today.

Industrial and Commercial Bank of China - A Share (SS:601398; SHA:601398; CH:601398)

ISIN: CNE000001P37

PermID: 5000683908

Source: www.BuySellSignals.com