Shanghai stock alert

CHINA

CLOSING UPDATE: Industrial and Commercial Bank of China increases a further 1.9%, led market higher 16 January 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, Shanghai's largest bank by market capitalisation, has lifted 2.5% to trade at CNY6.58 vs. the SSE 180 Index which strengthened 61.0 points (or 0.7%) to 9,127.1. Representing a weighting of about 10.0% of the index, the stock accounted for 37.3% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 2.4 times average at the end of the day. Compared with the SSE 180 Index which rose 61.0 points (or 0.7%) in the day, this represented a relative price increase of 1.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.1 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months thrice.

+ The price jumped 8.0% in the last week and soared 11.3% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY1,592 [vs CNY1,241 for the SSE 180 Index].

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

Undervaluation:

+ Return on Assets 1.2% [1.0%]

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 12.9%.

Note

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

Overvaluation:

Price/Earnings of 8.4 [5.8]

Price/Earnings/Growth of 4.83 [1.5]

Price to Book of 1.2 [0.8]

Year-on-Year Earnings Growth of 1.1% [3.8%]

TODAY'S ALERTS

Afternoon Alert: Industrial and Commercial Bank of China increases 0.6%, leads market higher

16 January 2018 13:07 CST

Industrial and Commercial Bank of China - A Share (SS:601398) has increased 0.6% to trade at CNY6.46 vs. the SSE 180 Index which strengthened 26.5 points (or 0.3%) to 9,092.6. Representing a weighting of about 9.9% of the index, the stock accounted for 21.3% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 1.2 times average so far today.

Morning Alert: Industrial and Commercial Bank of China keeps rising: up 5.9% in 6 days

16 January 2018 10:55 CST

Industrial and Commercial Bank of China - A Share (SS:601398) extended its gains on Tuesday, rising an additional 2.0 fen (or 0.3%) to trade at CNY6.44. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Industrial and Commercial Bank of China increases a further 0.2%, led market higher

15 January 2018 16:01 CST

Industrial and Commercial Bank of China, Shanghai's largest bank by market capitalisation, has lifted 2.7% to trade at CNY6.42 vs. the SSE 180 Index which strengthened 11.2 points (or 0.1%) to 9,066.1. Representing a weighting of about 9.8% of the index, the stock accounted for the gain. The shares have outperformed 95% of the market in the past week. Trading volume was 3.3 times average at the end of the day. Compared with the SSE 180 Index which rose 11.2 points (or 0.1%) in the day, this represented a relative price increase of 2.6%.

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

15 January 2018 13:07 CST

Industrial and Commercial Bank of China - A Share (SS:601398) has lifted 2.6% to trade at CNY6.41 vs. the SSE 180 Index which strengthened 51.1 points (or 0.6%) to 9,106.0. Representing a weighting of about 9.8% of the index, the stock accounted for 44.8% of today's gain. The shares have outperformed 95% of the market in the past week. Trading volume was 1.8 times 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