Shanghai stock alert
CLOSING UPDATE: Foshan Haitian Flavouring & Food keeps rising: up 11.1% in 4 days 21 September 2018 16:00 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).
Foshan Haitian Flavouring & Food extended its gains on Friday, rising an additional CNY4.50 (or 6.3%) to trade at CNY76.30. Trading volume was 1.3 times average at the end of the day. The shares have risen CNY7.65 (or 11.1%) over the past four trading days vs. the SSE Composite Index which has risen 5.5% in the same period.
Technical indicators complementing today's significant uptrend:
+ The positive 0.87 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The stock has outperformed 98% of the Shanghai market over the past 6 months.
+ The price soared 10.1% in the last week and jumped 9.5% in the last month.
+ The present value of CNY1,000 invested one year ago is CNY1,740 [vs CNY833 for the SSE Composite Index].
Other Bullish Signals include:
+ Total Liabilities/EBITDA of 1.1 is comfortably below the Joseph Piotroski benchmark of <5.
+ Net profit margin has averaged 23.1% 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 is high at 30.0%. Also, this has improved from 28.4% last year.
Foshan Haitian Flavouring & Food today is at a discount of 9.0% to the 12-month high of CNY83.83 on 08 Jun, 2018. It is at a premium of 74.6% to the 12-month low of CNY43.70 on 22 Sep, 2017.
Tobin's Q Ratio is 12.6. Compared with the rest of the market the stock is overvalued and ranks in the bottom 1% of stocks by value of Q Ratio.
Morning Alert: Foshan Haitian Flavouring & Food in 4th consecutive rise, nears two-month high
21 September 2018 10:47 CST
Foshan Haitian Flavouring & Food Co Ltd. (SS:603288) extended its gains Friday, rising an additional CNY1.40 (or 1.9%) to trade at CNY73.20. The stock increased 1.33% on Wednesday and 1.16% on Thursday bringing its 4-day rise to 6.6%. It is now approaching its 52-day high of CNY73.78.
CLOSING UPDATE: Foshan Haitian Flavouring & Food increases 1.2% - outperforming 89% of stocks
20 September 2018 16:01 CST
Foshan Haitian Flavouring & Food has increased 82.0 fen (or 1.2%) today to trade at CNY71.80 and has outperformed 89% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the SSE Composite Index which fell 1.6 points (or 0.06%) in the day, this represented a relative price increase of 1.2%.
Afternoon Alert: Foshan Haitian Flavouring & Food in 3rd consecutive rise, nears two-month high
20 September 2018 12:59 CST
Foshan Haitian Flavouring & Food Co Ltd. (SS:603288) extended its gains Thursday, rising an additional 23.0 fen (or 0.3%) to trade at CNY71.21. The stock lifted 2.04% on Tuesday and 1.33% on Wednesday bringing its 3-day rise to 3.7%. It is now approaching its 49-day high of CNY71.75.
Foshan Haitian Flavouring & Food Co Ltd. (SS:603288; SHA:603288; CH:603288)