Shanghai stock alert

CHINA

CLOSING UPDATE: Daqin Railway- A Share recovers 0.7% - underperforming 82% of stocks 25 July 2017 15:54 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).

Daqin Railway- A Share, Shanghai's largest transportation company by market capitalisation, has decreased 12.0 fen (or 1.3%) today to trade at CNY8.92 and has underperformed 82% of the market in the past week. Compared with the SSE 180 Index which fell 38.7 points (or 0.5%) in the day, this represented a relative price change of -0.9%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.6% in the last week.

Note

Bullish Signals:

The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.5% discount to 12-month high of CNY9.34 against the 53.8% premium to 12-month low of CNY5.80 suggests the stock continues to push for new highs.

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

The present value of CNY1,000 invested one year ago is CNY1,569 [vs CNY1,171 for the SSE 180 Index].

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

Undervaluation:

Dividend yield of 2.8% [1.6%]

TODAY'S ALERT

Afternoon Alert: Daqin Railway- A Share decreases 2.0% - underperforming 87% of stocks

25 July 2017 13:01 CST

Daqin Railway Co., Ltd. - A Share (SS:601006) has decreased 18.0 fen (or 2.0%) today to trade at CNY8.86 and has underperformed 87% of the market in the past week.

Daqin Railway Co., Ltd. - A Share (SS:601006; SHA:601006; CH:601006)

ISIN: CNE000001NG4

PermID: 4295865182

Source: www.BuySellSignals.com