Shanghai stock alert

CHINA

CLOSING UPDATE: Petrochina - A Share increases losses by 0.9%, led Energy sector lower 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).

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, has decreased 0.7% to trade at CNY8.81 vs. the Energy sector which weakened 24.6 points (or 0.5%) to 4,629.8. Representing a weighting of about 50.6% of the sector, the stock accounted for 65.8% of today's loss. Compared with the SSE Composite Index which rose 68.2 points (or 2.5%) in the day, this represented a relative price change of -3.2%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low twice.

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

Overvaluation:

+ Dividend yield of 1.7% [3.3%]

+ Return on Capital Employed 2.9% [4.4%]

Other Bearish Signals include:

+ Net profit margin has averaged 2% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Petrochina - A Share today is at a discount of 6.3% to the 12-month high of CNY9.41 on 25 Jan, 2018. It is at a premium of 24.1% to the 12-month low of CNY7.10 on 22 Jun, 2018.

Bullish Signals:

The positive 0.23 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price lifted 2.8% in the last week and jumped 8.8% in the last month.

Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

The Brand Value represents 3.9% of the estimated Enterprise Value of CNY2,276.2 billion (US$332.7 billion).

As per the Du Pont analysis, Return on Equity is less than stellar at 3.5%.

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

Undervaluation:

Price/Sales of 0.8 [0.9]

Return on Assets 1.5% [1.4%]

TODAY'S ALERTS

Afternoon Alert: Petrochina - A Share decreases 1.6%, leads Energy sector lower

21 September 2018 13:02 CST

Petrochina Company Limited - A Share (SS:601857) has decreased 1.6% to trade at CNY8.73 vs. the Energy sector which weakened 68.0 points (or 1.5%) to 4,586.4. Representing a weighting of about 50.6% of the sector, the stock accounted for 55.2% of today's loss. Trading volume was 1.3 times average so far today.

Morning Alert: Petrochina - A Share decreases 1.9%, leads market lower

21 September 2018 10:47 CST

Petrochina Company Limited - A Share (SS:601857) has decreased 1.9% to trade at CNY8.70 vs. the SSE Composite Index which weakened 0.4 points (or 0.01%) to 2,728.9. Representing a weighting of about 5.4% of the index, the stock accounted for the loss. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Petrochina - A Share up 4.1% in 2 days

20 September 2018 16:01 CST

Petrochina - A Share, Shanghai's largest energy company by market capitalisation, extended its gains on Thursday, rising an additional 3.0 fen (or 0.3%) to trade at CNY8.96. Trading volume was 70% of average at the end of the day. The shares have risen 35.0 fen (or 4.1%) over the past two trading days vs. the SSE Composite Index which has risen 1.1% in the same period.

Morning Alert: Petrochina - A Share decreases 0.4%, leads Energy sector lower

20 September 2018 10:49 CST

Petrochina Company Limited - A Share (SS:601857) has decreased 0.4% to trade at CNY8.89 vs. the Energy sector which weakened 18.9 points (or 0.4%) to 4,627.2. Representing a weighting of about 51.1% of the sector, the stock accounted for 55.8% of today's loss. Trading volume was 66% of average so far today.

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

ISIN: CNE1000007Q1

PermID: 4295864860

Source: www.BuySellSignals.com