Shanghai stock alert

CHINA

CLOSING UPDATE: Anhui Conch Cement - A Share decreases gains by 0.6% on robust volume 16 January 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).

Anhui Conch Cement - A Share, Shanghai's largest construction company by market capitalisation, traded on heavy volume of 1.6 times average today while the price lifted 70.0 fen (or 2.2%) to trade at CNY32.05. Compared with the SSE 180 Index which rose 61.0 points (or 0.7%) in the day, this represented a relative price increase of 1.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.84 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 94% of the Shanghai market over the past 6 months.

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

+ The present value of CNY1,000 invested one year ago is CNY1,860 [vs CNY1,241 for the SSE 180 Index].

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

Undervaluation:

+ Dividend yield of 1.6% [1.3%]

+ Return on Equity 11.4% [9.7%]

+ Return on Assets 8.2% [2.2%]

+ Return on Capital Employed 12.6% [7.2%]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 2.7 is comfortably below the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.6. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 16.7% 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 11.4% is better than sector average of 9.7%.

Note

Bearish Signals:

The price sank 4.0% in the last week.

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

Overvaluation:

Price/Earnings of 16.0 [14.0]

Price/Sales of 2.5 [0.5]

TODAY'S ALERT

Morning Alert: Anhui Conch Cement - A Share lifts 2.8%

16 January 2018 10:55 CST

Anhui Conch Cement Company Limited - A Share (SS:600585) traded on volume of 0.7 times average so far today while the price lifted 89.0 fen (or 2.8%) to trade at CNY32.24.

RECENT ALERTS

CLOSING UPDATE: Anhui Conch Cement - A Share tumbles 7.3% on extraordinary volume

11 January 2018 16:04 CST

Anhui Conch Cement - A Share, Shanghai's largest construction company by market capitalisation, traded on heavy volume of 3.6 times average today while the price tumbled CNY2.45 (or 7.3%) to trade at CNY31.26. Compared with the SSE 180 Index which fell 22.6 points (or 0.2%) in the day, this represented a relative price change of -7.0%.

Afternoon Alert: Anhui Conch Cement - A Share tumbles 8.0%, leads market lower

11 January 2018 13:12 CST

Anhui Conch Cement Company Limited - A Share (SS:600585) has tumbled 8.0% to trade at CNY31.03 vs. the SSE 180 Index which weakened 22.6 points (or 0.2%) to 8,996.8. Representing a weighting of about 0.7% of the index, the stock accounted for 22.8% of today's loss. The shares have underperformed 84% of the market in the past week. Trading volume was 1.9 times average so far today.

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

ISIN: CNE0000019V8

PermID: 4295864310

Source: www.BuySellSignals.com