Shanghai stock alert

CHINA

CLOSING UPDATE: Petrochina - A Share increases losses by 0.2%, led Energy sector lower 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).

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, has decreased 1.0% to trade at CNY8.72 vs. the Energy sector which weakened 57.4 points (or 1.2%) to 4,760.3. Representing a weighting of about 49.1% of the sector, the stock accounted for 42.1% of today's loss. Trading volume was 1.8 times average at the end of the day. Compared with the SSE 180 Index which rose 61.0 points (or 0.7%) in the day, this represented a relative price change of -1.7%.

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

Overvaluation:

+ Price/Sales of 0.8 [0.7]

+ Dividend yield of 1.2% [2.0%]

+ Return on Equity 1.6% [4.5%]

+ Return on Assets 1.2% [1.8%]

+ Return on Capital Employed 2.4% [4.3%]

Bearish Signals:

+ Net profit margin has averaged 3.2% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 1.6%. Also, this has deteriorated from 3% last year.

Note

Bullish Signals:

The positive 0.18 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 2.6% discount to 12-month high of CNY8.95 against the 18.6% premium to 12-month low of CNY7.35 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high thrice.

The price lifted 2.5% in the last week and soared 10.5% in the last month.

Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

The Brand Value represents 3.6% of the estimated Enterprise Value of CNY2,305.9 billion (US$358.5 billion).

TODAY'S ALERT

Afternoon Alert: Petrochina - A Share decreases 1.2%, leads Energy sector lower

16 January 2018 13:07 CST

Petrochina Company Limited - A Share (SS:601857) has decreased 1.2% to trade at CNY8.70 vs. the Energy sector which weakened 65.7 points (or 1.4%) to 4,752.1. Representing a weighting of about 49.0% of the sector, the stock accounted for 45.0% of today's loss.

RECENT ALERTS

CLOSING UPDATE: Petrochina - A Share hits 52-week high third time in one month

15 January 2018 16:01 CST

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, hit a 52-week high of CNY8.95 today for the third time in the past one month and last traded at CNY8.81. Trading volume was 2.1 times average at the end of the day. Compared with the SSE 180 Index which rose 11.2 points (or 0.1%) in the day, this represented a relative price increase of 0.6%.

Afternoon Alert: Petrochina - A Share hits 52-week high third time in one month

15 January 2018 13:07 CST

Petrochina Company Limited - A Share (SS:601857) hit a 52-week high of CNY8.95 today for the third time in the past one month and last traded at CNY8.79. Trading volume was 1.3 times average so far today.

Petrochina Company Limited - A Share (SS:601857; SHA:601857; CH:601857)

ISIN: CNE1000007Q1

PermID: 4295864860

Source: www.BuySellSignals.com