Shanghai stock alert

CHINA

CLOSING UPDATE: Agricultural Bank of China keeps rising: up 8.4% in 5 days 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).

Agricultural Bank of China, Shanghai's 2nd largest bank by market capitalisation, extended its gains on Tuesday, rising an additional 4.0 fen (or 1.0%) to trade at CNY4.15. Trading volume was 3.7 times average at the end of the day. The shares have risen 32.0 fen (or 8.4%) over the past five trading days vs. the SSE 180 Index which has risen 1.7% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.09 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Shanghai market, the stock's relative price strength percentile is rising at 89 for 6 months, 89 for 3 months and 92 for 1 month.

+ In the last one month the stock has hit a new 52-week high four times, pointing to an uptrend.

+ The price jumped 8.4% in the last week and soared 13.1% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY1,447 [vs CNY1,241 for the SSE 180 Index].

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

Undervaluation:

+ Dividend yield of 4.1% [3.3%]

Other Bullish Signals include:

+ Net profit margin has averaged 26.2% 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 14.0% is better than sector average of 12.9%.

Note

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

Overvaluation:

Price/Earnings of 7.5 [5.8]

Price/Earnings/Growth of 2.79 [1.5]

Price to Book of 1 [0.8]

TODAY'S ALERTS

Afternoon Alert: Agricultural Bank of China hits 52-week high fourth time in one month

16 January 2018 13:07 CST

Agricultural Bank of China Ltd. (SS:601288) hit a 52-week high of CNY4.18 today for the fourth time in the past one month and last traded at CNY4.10. Trading volume was 1.3 times average so far today.

Morning Alert: Agricultural Bank of China hits 52-week high fourth time in one month

16 January 2018 10:55 CST

Agricultural Bank of China Ltd. (SS:601288) hit a 52-week high of CNY4.18 today for the fourth time in the past one month and last traded at CNY4.10. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Agricultural Bank of China keeps rising: up 7.3% in 4 days

15 January 2018 16:01 CST

Agricultural Bank of China, Shanghai's 2nd largest bank by market capitalisation, extended its gains on Monday, rising an additional 9.0 fen (or 2.2%) to trade at CNY4.11. Trading volume was 2.4 times average at the end of the day. The shares have risen 28.0 fen (or 7.3%) over the past four trading days vs. the SSE 180 Index which has risen 1.0% in the same period.

Afternoon Alert: Agricultural Bank of China keeps rising: up 7.0% in 4 days

15 January 2018 13:07 CST

Agricultural Bank of China Ltd. (SS:601288) extended its gains on Monday, rising an additional 8.0 fen (or 2.0%) to trade at CNY4.10. Trading volume was 1.5 times average so far today. The shares have risen 27.0 fen (or 7.0%) over the past four trading days vs. the SSE 180 Index which has risen 1.4% in the same period.

Agricultural Bank of China Ltd. (SS:601288; SHA:601288; CH:601288)

ISIN: CNE100000RJ0

PermID: 4297062113

Source: www.BuySellSignals.com