Shanghai stock alert

CHINA

CLOSING UPDATE: China National Nuclear Power drops 3.1%, led Utility sector lower 20 April 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).

China National Nuclear Power, Shanghai's largest utility company by market capitalisation, has dropped 3.1% to trade at CNY6.33 vs. the Utility sector which weakened 274.7 points (or 2.6%) to 10,175.8. Representing a weighting of about 41.6% of the sector, the stock accounted for 48.5% of today's loss. The shares have underperformed 82% of the market in the past month. Trading volume was 63% of average at the end of the day. Compared with the SSE Composite Index which fell 37.5 points (or 1.2%) in the day, this represented a relative price change of -1.9%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.16 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price sank 4.8% in the last week and plummeted 11.2% in the last month.

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

Overvaluation:

+ Price/Sales of 3.3 [2.5]

+ Price to Book of 2.5 [1.9]

+ Dividend yield of 1.7% [2.8%]

+ Return on Capital Employed 3.8% [5.0%]

Note

Bullish Signals:

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

Net profit margin has averaged 27.2% 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 11.1% is better than sector average of 9.2%.

Oversold/Bullish:

The 0.2% premium to 12-month low of CNY6.32 against the 20.9% discount to high of CNY8.0 suggests the decline might be bottoming.

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

Undervaluation:

Return on Equity 11.1% [9.2%]

TODAY'S ALERT

Afternoon Alert: China National Nuclear Power hits 52-week low fourth time in one month

20 April 2018 13:01 CST

China National Nuclear Power Co Ltd (SS:601985) hit a 52-week low of CNY6.45 today for the fourth time in the past one month and last traded at CNY6.45. Trading volume was 1.1 times average so far today.

RECENT ALERTS

CLOSING UPDATE: China National Nuclear Power hits 52-week low third time in one month

18 April 2018 23:04 CST

China National Nuclear Power, Shanghai's largest utility company by market capitalisation, hit a 52-week low of CNY6.45 earlier today for the third time in the past one month, but later rebounded higher to CNY6.53. Trading volume was 42% of average at the end of the day. Compared with the SSE Composite Index which rose 23.8 points (or 0.8%) in the day, this represented a relative price change of -0.6%.

Afternoon Alert: China National Nuclear Power hits 52-week low third time in one month

18 April 2018 13:01 CST

China National Nuclear Power Co Ltd (SS:601985) hit a 52-week low of CNY6.45 earlier today for the third time in the past one month, but later rebounded higher to CNY6.47. Trading volume was 1.5 times average so far today.

China National Nuclear Power Co Ltd (SS:601985; SHA:601985; CH:601985)

ISIN: CNE1000022N

PermID: 5037086371

Source: www.BuySellSignals.com