Shanghai stock alert

CHINA

CLOSING UPDATE: Industrial and Commercial Bank of China - A Share keeps rising: up 8.1% in 4 days 21 September 2018 16:00 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 - A Share, Shanghai's largest bank by market capitalisation, extended its gains on Friday, rising an additional 26.0 fen (or 4.7%) to trade at CNY5.75. Trading volume was 1.4 times average at the end of the day. The shares have risen 43.0 fen (or 8.1%) over the past four trading days vs. the SSE Composite Index which has risen 5.5% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.03 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 84% of the Shanghai market over the past 6 months.

+ The price jumped 7.1% in the last week and 6.5% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 0.83 [1.1]

+ Return on Assets 1.1% [1.0%]

+ Year-on-Year Earnings Growth of 28.4% [4.5%]

Other Bullish Signals include:

+ Net profit margin has averaged 40.9% 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 13.5% is better than sector average of 12.7%.

Note

Industrial and Commercial Bank of China - A Share today is at a discount of 22.7% to the 12-month high of CNY7.44 on 05 Feb, 2018. It is at a premium of 18.9% to the 12-month low of CNY4.84 on 03 Jul, 2018.

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

Overvaluation:

Price/Earnings of 5.8 [5.0]

Price to Book of 1 [0.7]

TODAY'S ALERTS

Afternoon Alert: Industrial and Commercial Bank of China - A Share increases 1.6%, leads market higher

21 September 2018 13:02 CST

Industrial and Commercial Bank of China Ltd - A Share (SS:601398) has increased 1.6% to trade at CNY5.58 vs. the SSE Composite Index which strengthened 26.8 points (or 1%) to 2,756.0. Representing a weighting of about 6.6% of the index, the stock accounted for 11.1% of today's gain. The shares have outperformed 83% of the market in the past week. Trading volume was 1.3 times average so far today.

Morning Alert: Industrial and Commercial Bank of China - A Share decreases 0.2%, leads Bank sector lower

21 September 2018 10:47 CST

Industrial and Commercial Bank of China Ltd - A Share (SS:601398) has decreased 0.2% to trade at CNY5.48 vs. the Bank sector which weakened 1.9 points (or 0.03%) to 6,684.5. Representing a weighting of about 29.8% of the sector, the stock accounted for the loss. Trading volume was 56% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Industrial and Commercial Bank of China - A Share increases further 0.2%, led Bank sector higher

20 September 2018 16:01 CST

Industrial and Commercial Bank of China - A Share, Shanghai's largest bank by market capitalisation, has increased 0.9% to trade at CNY5.49 vs. the Bank sector which strengthened 38.9 points (or 0.6%) to 6,686.5. Representing a weighting of about 29.8% of the sector, the stock accounted for 46.5% of today's gain. The shares have outperformed 91% of the market in the past one year. Trading volume was 64% of average at the end of the day. Compared with the SSE Composite Index which fell 1.6 points (or 0.06%) in the day, this represented a relative price increase of 1.0%.

Afternoon Alert: Industrial and Commercial Bank of China - A Share increases 0.7%, leads Bank sector higher

20 September 2018 12:59 CST

Industrial and Commercial Bank of China Ltd - A Share (SS:601398) has increased 0.7% to trade at CNY5.48 vs. the Bank sector which strengthened 21.5 points (or 0.3%) to 6,669.1. Representing a weighting of about 29.8% of the sector, the stock accounted for 68.6% of today's gain. The shares have outperformed 91% of the market in the past one year. Trading volume was 2.2 times average so far today.

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

ISIN: CNE000001P37

PermID: 5000683908

Source: www.BuySellSignals.com