Shanghai stock alert

CHINA

CLOSING UPDATE: Foshan Haitian Flavouring & Food decreases gains by 0.6% on strong volume 15 June 2018 16:07 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).

Foshan Haitian Flavouring & Food traded on heavy volume of 2.5 times average today while the price lifted CNY1.66 (or 2.2%) to trade at CNY78.51. Compared with the SSE Composite Index which fell 21.5 points (or 0.7%) in the day, this represented a relative price increase of 2.9%.

Technical indicators complementing today's significant uptrend:

+ The positive 3.35 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 99% of the Shanghai market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high twenty-eight times, pointing to a significant uptrend.

+ The present value of CNY1,000 invested one year ago is CNY1,985 [vs CNY965 for the SSE Composite Index].

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 1.1 is comfortably below the Joseph Piotroski benchmark of <5.

+ Net profit margin has averaged 23.1% 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 is high at 30.0%. Also, this has improved from 28.4% last year.

Note

Foshan Haitian Flavouring & Food today is at a discount of 6.3% to the 12-month high of CNY83.83 on 08 Jun, 2018. It is at a premium of 117.4% to the 12-month low of CNY36.11 on 17 Jul, 2017.

Bearish Signals:

The price decreased 1.9% in the last week.

Tobin's Q Ratio is 13. Compared with the rest of the market the stock is overvalued and ranks in the bottom 1% of stocks by value of Q Ratio.

TODAY'S ALERTS

Afternoon Alert: Foshan Haitian Flavouring & Food lifts 2.8%

15 June 2018 13:09 CST

Foshan Haitian Flavouring & Food Co Ltd. (SS:603288) traded on volume of 0.9 times average so far today while the price lifted CNY2.14 (or 2.8%) to trade at CNY78.99.

Morning Alert: Foshan Haitian Flavouring & Food lifts 2.5%

15 June 2018 10:49 CST

Foshan Haitian Flavouring & Food Co Ltd. (SS:603288) traded on volume of 0.8 times average so far today while the price lifted CNY1.89 (or 2.5%) to trade at CNY78.74.

RECENT ALERTS

CLOSING UPDATE: Foshan Haitian Flavouring & Food down 4.5% in 2 days

14 June 2018 16:07 CST

Foshan Haitian Flavouring & Food extended its slide on Thursday, shedding an additional CNY1.25 (or 1.6%) to trade at CNY76.85. Trading volume was 1.7 times average at the end of the day. The shares have fallen CNY3.59 (or 4.5%) over the past two trading days vs. the SSE Composite Index which has fallen 1.2% in the same period.

Afternoon Alert: Foshan Haitian Flavouring & Food down 4.6% in 2 days

14 June 2018 13:00 CST

Foshan Haitian Flavouring & Food Co Ltd. (SS:603288) extended its slide on Thursday, shedding an additional CNY1.37 (or 1.8%) to trade at CNY76.73. Trading volume was 68% of average so far today. The shares have fallen CNY3.71 (or 4.6%) over the past two trading days vs. the SSE Composite Index which has fallen 1.3% in the same period.

Foshan Haitian Flavouring & Food Co Ltd. (SS:603288; SHA:603288; CH:603288)

ISIN: CNE100001SL2

Source: www.BuySellSignals.com