Shanghai stock alert

CHINA

CLOSING UPDATE: Agricultural Bank of China hits 52-week high seventh time in one month 26 July 2017 15:54 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, hit a 52-week high of CNY3.80 today for the seventh time in the past one month and last traded at CNY3.74. This brought its six-day rise to 18.0 fen or 5.1%. Trading volume was 1.9 times average at the end of the day. Compared with the SSE 180 Index which fell 55.7 points (or 0.7%) in the day, this represented a relative price increase of 2.0%.

Technical indicators complementing today's significant uptrend:

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

+ The stock has outperformed 91% of the Shanghai market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high seven times and in the last three months fifteen times, pointing to a significant uptrend.

+ The price climbed 4.5% in the last week and soared 11.8% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 2.59 [6.4]

+ Dividend yield of 4.5% [3.7%]

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 13.6%.

Note

Overbought/Bearish:

The 1.6% discount to 12-month high of CNY3.80 against the 27.5% premium to 12-month low of CNY2.93 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 6.8 [5.2]

Price to Book of 0.9 [0.7]

TODAY'S ALERTS

Afternoon Alert: Agricultural Bank of China keeps rising: up 5.1% in 6 days

26 July 2017 13:02 CST

Agricultural Bank of China Ltd. (SS:601288) extended its gains on Wednesday, rising an additional 5.0 fen (or 1.4%) to trade at CNY3.74. Trading volume was 1.4 times average so far today.

Morning Alert: Agricultural Bank of China keeps rising: up 6.2% in 6 days

26 July 2017 10:42 CST

Agricultural Bank of China Ltd. (SS:601288) extended its gains on Wednesday, rising an additional 9.0 fen (or 2.4%) to trade at CNY3.78. Trading volume was 1.8 times average so far today. The shares have risen 22.0 fen (or 6.2%) over the past six trading days vs. the SSE 180 Index which has risen 1.2% in the same period.

RECENT ALERTS

CLOSING UPDATE: Agricultural Bank of China keeps rising: up 3.7% in 5 days

25 July 2017 15:54 CST

Agricultural Bank of China, Shanghai's 2nd largest bank by market capitalisation, extended its gains on Tuesday, rising an additional 8.0 fen (or 2.2%) to trade at CNY3.69. Trading volume was 2.1 times average at the end of the day.

Afternoon Alert: Agricultural Bank of China keeps rising: up 3.7% in 5 days

25 July 2017 13:01 CST

Agricultural Bank of China Ltd. (SS:601288) extended its gains on Tuesday, rising an additional 8.0 fen (or 2.2%) to trade at CNY3.69. Trading volume was 1.4 times average so far today.

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

ISIN: CNE100000RJ0

PermID: 4297062113

Source: www.BuySellSignals.com