Shanghai stock alert

CHINA

CLOSING UPDATE: Poly Real Estate - A Share decreases 0.5% - underperforming 81% of stocks 17 August 2018 16:09 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).

Poly Real Estate - A Share, Shanghai's largest real estate company by market capitalisation, has decreased 5.0 fen (or 0.5%) today to trade at CNY10.95 and has underperformed 81% of the market in the past six months. Compared with the SSE Composite Index which fell 36.9 points (or 1.4%) in the day, this represented a relative price increase of 0.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.17 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 6.3% in the last week.

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

Overvaluation:

+ Price/Earnings of 10.9 [9.3]

Note

Poly Real Estate - A Share today is at a discount of 39.8% to the 12-month high of CNY18.20 on 05 Feb, 2018. It is at a premium of 13.8% to the 12-month low of CNY9.62 on 18 Aug, 2017.

Bullish Signals:

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stock by value of Q Ratio.

Net profit margin has averaged 12.7% in the last 3 years. This is better than the sector average of 10.9% and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 14.5% is better than sector average of 13.0%.

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

Undervaluation:

Price/Sales of 0.9 [1.0]

Dividend yield of 3.6% [3.3%]

Return on Equity 14.5% [13.0%]

Return on Assets 2.8% [2.2%]

TODAY'S ALERTS

Afternoon Alert: Poly Real Estate - A Share inches higher, resistance at 12-day EMA

17 August 2018 13:00 CST

Poly Real Estate Group Co., Ltd- A Share (SS:600048) has increased 0.3% but fell short of the 12-day Exponential Moving Average [EMA] of CNY11.15.

Morning Alert: Poly Real Estate - A Share up 2.8% in 2 days

17 August 2018 10:48 CST

Poly Real Estate Group Co., Ltd- A Share (SS:600048) extended its gains on Friday, rising an additional 18.0 fen (or 1.6%) to trade at CNY11.18. The shares have risen 30.0 fen (or 2.8%) over the past two trading days vs. the SSE Composite Index which has fallen 0.4% in the same period.

RECENT ALERTS

CLOSING UPDATE: Poly Real Estate - A Share recovers 0.1%

14 August 2018 16:06 CST

Poly Real Estate - A Share, Shanghai's largest real estate company by market capitalisation, traded on volume of 0.9 times average today while the price dropped 42.0 fen (or 3.7%) to trade at CNY11.06. Compared with the SSE Composite Index which fell 5.1 points (or 0.2%) in the day, this represented a relative price change of -3.5%.

Afternoon Alert: Poly Real Estate - A Share drops 3.7% on firm volume

14 August 2018 13:00 CST

Poly Real Estate Group Co., Ltd- A Share (SS:600048) traded on heavy volume of 1.2 times average so far today while the price dropped 43.0 fen (or 3.7%) to trade at CNY11.05.

Poly Real Estate Group Co., Ltd- A Share (SS:600048; SHA:600048; CH:600048)

ISIN: CNE000001ND1

Source: www.BuySellSignals.com