Shanghai stock alert

CHINA

CLOSING UPDATE: Industrial Bank - A Share hits 52-week high second time in one month 19 January 2018 16:05 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 6th largest bank by market capitalisation, hit a 52-week high of CNY19.06 today for the second time in the past one month and last traded at CNY18.25. Trading volume was 7.6 times average at the end of the day. Compared with the SSE 180 Index which rose 44.1 points (or 0.5%) in the day, this represented a relative price change of -1.4%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.26 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 4.2% discount to 12-month high of CNY19.06 against the 26.4% premium to 12-month low of CNY14.44 suggests the stock continues to push for new highs.

+ In the Shanghai market, the stock's relative price strength percentile is improving at 67 for 6 months, 79 for 3 months and 80 for 1 month.

+ The price increased 1.9% in the last week and jumped 6.0% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 0.68 [1.6]

+ Return on Equity 16.2% [12.9%]

Other Bullish Signals include:

+ Net profit margin has averaged 21.5% 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 16.2% is better than sector average of 12.9%.

Note

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

Overvaluation:

Price to Book of 1.1 [0.9]

Year-on-Year Earnings Growth of 0.8% [3.8%]

TODAY'S ALERT

Afternoon Alert: Industrial Bank - A Share keeps rising: up 4.3% in 3 days

19 January 2018 13:08 CST

Industrial Bank Co., Ltd. - A Share (SS:601166) extended its gains on Friday, rising an additional 21.0 fen (or 1.1%) to trade at CNY18.63. Trading volume was 1.5 times average so far today. The shares have risen 76.0 fen (or 4.3%) over the past three trading days vs. the SSE 180 Index which has risen 1.5% in the same period.

RECENT ALERTS

CLOSING UPDATE: Industrial Bank - A Share up 3.1% in 2 days

18 January 2018 16:04 CST

Industrial Bank - A Share, Shanghai's 6th largest bank by market capitalisation, extended its gains on Thursday, rising an additional 7.0 fen (or 0.4%) to trade at CNY18.42. Trading volume was 4.9 times average at the end of the day. The shares have risen 55.0 fen (or 3.1%) over the past two trading days vs. the SSE 180 Index which has risen 0.9% in the same period.

Morning Alert: Industrial Bank - A Share up 3.3% in 2 days

18 January 2018 10:59 CST

Industrial Bank Co., Ltd. - A Share (SS:601166) extended its gains on Thursday, rising an additional 11.0 fen (or 0.6%) to trade at CNY18.46. Trading volume was 1.3 times average so far today. The shares have risen 59.0 fen (or 3.3%) over the past two trading days vs. the SSE 180 Index which has risen 0.7% in the same period.

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

ISIN: CNE000001QZ7

Source: www.BuySellSignals.com