Shanghai stock alert

CHINA

CLOSING UPDATE: Agricultural Bank of China recovers 0.5% - underperforming 82% of stocks 22 May 2018 16:10 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, has decreased 3.0 fen (or 0.8%) today to trade at CNY3.89 and has underperformed 82% of the market in the past week. Compared with the SSE Composite Index which rose 0.2 points (or 0.01%) in the day, this represented a relative price change of -0.8%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.8% in the last week.

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

Overvaluation:

+ Price/Earnings of 7.1 [5.4]

+ Price/Earnings/Growth of 2.69 [1.8]

+ Price to Book of 1 [0.7]

Note

Agricultural Bank of China today is at a discount of 19.3% to the 12-month high of CNY4.82 on 07 Feb, 2018. It is at a premium of 19.4% to the 12-month low of CNY3.26 on 19 Jun, 2017.

Bullish Signals:

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 12.4%.

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

Undervaluation:

Dividend yield of 4.4% [3.6%]

Return on Equity 14.0% [12.4%]

TODAY'S ALERT

Afternoon Alert: Agricultural Bank of China decreases 1.3% - underperforming 83% of stocks

22 May 2018 15:08 CST

Agricultural Bank of China Ltd. (SS:601288) has decreased 5.0 fen (or 1.3%) today to trade at CNY3.87 and has underperformed 83% of the market in the past week.

RECENT ALERTS

CLOSING UPDATE: Agricultural Bank of China increases 0.8%, led market higher

21 May 2018 16:04 CST

Agricultural Bank of China, Shanghai's 2nd largest bank by market capitalisation, has increased 0.8% to trade at CNY3.92 vs. the SSE Composite Index which strengthened 21.3 points (or 0.7%) to 3,214.4. Representing a weighting of about 3.7% of the index, the stock accounted for 4.3% of today's gain. Trading volume was 80% of average at the end of the day. Compared with the SSE Composite Index which rose 21.3 points (or 0.7%) in the day, this represented a relative price increase of 0.1%.

Afternoon Alert: Agricultural Bank of China increases 0.5%, leads Bank sector higher

21 May 2018 12:59 CST

Agricultural Bank of China Ltd. (SS:601288) has increased 0.5% to trade at CNY3.91 vs. the Bank sector which strengthened 27.1 points (or 0.4%) to 7,257.0. Representing a weighting of about 17.8% of the sector, the stock accounted for 24.1% of today's gain. Trading volume was 1.3 times average so far today.

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

ISIN: CNE100000RJ0

PermID: 4297062113

Source: www.BuySellSignals.com