Shanghai stock alert

CHINA

CLOSING UPDATE: Anhui Conch Cement - A Share decreases gains by 0.3% 20 September 2018 16:01 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).

Anhui Conch Cement - A Share, Shanghai's largest construction company by market capitalisation, traded on volume of 0.8 times average today while the price lifted 72.0 fen (or 2.1%) to trade at CNY35.68. Compared with the SSE Composite Index which fell 1.6 points (or 0.06%) in the day, this represented a relative price increase of 2.1%.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 96% of the Shanghai market over the past 6 months.

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

+ The present value of CNY1,000 invested one year ago is CNY1,539 [vs CNY811 for the SSE Composite Index].

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

Undervaluation:

+ Dividend yield of 3.4% [2.2%]

+ Return on Equity 17.4% [10.9%]

+ Return on Assets 13.5% [2.6%]

+ Return on Capital Employed 21% [8.4%]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 1.5 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.5. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 17.6% 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 17.4% is better than sector average of 10.9%.

Note

Anhui Conch Cement - A Share today is at a discount of 10.5% to the 12-month high of CNY39.88 on 30 Jul, 2018. It is at a premium of 56.8% to the 12-month low of CNY22.75 on 10 Oct, 2017.

Bearish Signals:

The negative 0.69 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price dropped 2.2% in the last month.

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

Overvaluation:

Price/Earnings/Growth of 0.91 [0.2]

Price/Sales of 2.5 [0.4]

Price to Book of 2.3 [1.8]

TODAY'S ALERT

Morning Alert: Anhui Conch Cement - A Share lifts 2.4% on high volume

20 September 2018 10:49 CST

Anhui Conch Cement Company Limited - A Share (SS:600585) traded on heavy volume of 2.3 times average so far today while the price lifted 83.0 fen (or 2.4%) to trade at CNY35.79.

RECENT ALERTS

CLOSING UPDATE: Anhui Conch Cement - A Share jumps 6.7%, led Construction sector higher

18 September 2018 16:01 CST

Anhui Conch Cement - A Share, Shanghai's largest construction company by market capitalisation, has jumped 6.7% to trade at CNY34.91 vs. the Construction sector which strengthened 581.5 points (or 5.7%) to 10,811.9. Representing a weighting of about 26.4% of the sector, the stock accounted for 31.2% of today's gain. The shares have outperformed 97% of the market in the past week. Trading volume was 85% of average at the end of the day. Compared with the SSE Composite Index which rose 48.2 points (or 1.8%) in the day, this represented a relative price increase of 4.9%.

Morning Alert: Anhui Conch Cement - A Share climbs 4.2%

18 September 2018 10:51 CST

Anhui Conch Cement Company Limited - A Share (SS:600585) traded on volume of 0.9 times average so far today while the price climbed CNY1.36 (or 4.2%) to trade at CNY34.07.

Anhui Conch Cement Company Limited - A Share (SS:600585; SHA:600585; CH:600585)

ISIN: CNE0000019V8

PermID: 4295864310

Source: www.BuySellSignals.com