Shanghai stock alert

CHINA

CLOSING UPDATE: China CITIC Bank - A Share up 4.6% in 2 days 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).

China CITIC Bank - A Share, Shanghai's 7th largest bank by market capitalisation, extended its gains on Friday, rising an additional 1.0 fen (or 0.1%) to trade at CNY7.22. Trading volume was 4.2 times average at the end of the day. The shares have risen 32.0 fen (or 4.6%) over the past two trading days vs. the SSE 180 Index which has risen 1.2% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.22 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 3.6% discount to 12-month high of CNY7.49 against the 28.6% premium to 12-month low of CNY5.61 suggests the stock continues to push for new highs.

+ In the Shanghai market, the stock's relative price strength percentile is rising at 91 for 6 months, 91 for 3 months and 96 for 1 month.

+ The price climbed 5.4% in the last week and soared 16.6% in the last month.

Other Bullish Signals include:

+ Net profit margin has averaged 19.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 4.5% of the estimated Enterprise Value of CNY376.2 billion (US$58.8 billion).

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 11.1% is lower than sector average of 12.9%.

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

Overvaluation:

Price/Earnings of 8.5 [6.2]

Return on Equity 11.1% [12.9%]

Return on Assets 0.7% [1.0%]

TODAY'S ALERTS

Afternoon Alert: China CITIC Bank - A Share continues significant uptrend, increases 1.5%

19 January 2018 13:08 CST

China CITIC Bank Corporation Limited - A Share (SS:601998) continued its significant uptrend and increased 11.0 fen (or 1.5%) to trade at CNY7.32 today.

Morning Alert: China CITIC Bank - A Share continues significant uptrend, increases 1.2%

19 January 2018 10:56 CST

China CITIC Bank Corporation Limited - A Share (SS:601998) continued its significant uptrend and increased 9.0 fen (or 1.2%) to trade at CNY7.30 today.

China CITIC Bank Corporation Limited - A Share (SS:601998; SHA:601998; CH:601998)

ISIN: CNE1000000R4

PermID: 4295864709

Source: www.BuySellSignals.com