Shanghai stock alert

CHINA

CLOSING UPDATE: Industrial Bank - A Share accelerates rise, now up 4.2% in 2 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 Bank - A Share, Shanghai's 5th largest bank by market capitalisation, is up 63.0 fen (or 4.2%) over the past two trading days. After rising 0.8% on Thursday, the stock rose 3.4% on Friday to trade at CNY15.69 vs. the SSE Composite Index that is up 2.4% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 85% of the Shanghai market over the past 6 months.

+ The price climbed 5.5% in the last week and lifted 3.5% in the last month.

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

Undervaluation:

+ Return on Equity 14.8% [12.7%]

Other Bullish Signals include:

+ Net profit margin has averaged 21.9% 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 14.8% is better than sector average of 12.7%.

Note

Industrial Bank - A Share today is at a discount of 18.1% to the 12-month high of CNY19.16 on 07 Feb, 2018. It is at a premium of 14.3% to the 12-month low of CNY13.73 on 03 Jul, 2018.

Bearish Signals:

In the last three months the stock has hit a new 52-week low seven times, pointing to a significant downtrend.

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

Overvaluation:

Price/Earnings/Growth of 1.48 [1.1]

Price to Book of 0.8 [0.7]

TODAY'S ALERT

Afternoon Alert: Industrial Bank - A Share keeps rising: up 3.9% in 4 days

21 September 2018 13:02 CST

Industrial Bank Co., Ltd. - A Share (SS:601166) extended its gains on Friday, rising an additional 17.0 fen (or 1.1%) to trade at CNY15.35. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Industrial Bank - A Share keeps rising: up 2.8% in 3 days

20 September 2018 16:01 CST

Industrial Bank - A Share, Shanghai's 5th largest bank by market capitalisation, extended its gains on Thursday, rising an additional 12.0 fen (or 0.8%) to trade at CNY15.18. Trading volume was 42% of average at the end of the day.

Morning Alert: Industrial Bank - A Share keeps rising: up 2.5% in 3 days

20 September 2018 10:49 CST

Industrial Bank Co., Ltd. - A Share (SS:601166) extended its gains on Thursday, rising an additional 8.0 fen (or 0.5%) to trade at CNY15.14. Trading volume was 1.9 times average so far today.

Industrial Bank Co., Ltd. - A Share (SS:601166; SHA:601166; CH:601166)

ISIN: CNE000001QZ7

Source: www.BuySellSignals.com