Shanghai stock alert

CHINA

CLOSING UPDATE: Ping An Insurance (Group) Company of China - A Share down 4.4% in 2 days 20 June 2018 16:06 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).

Ping An Insurance (Group) Company of China - A Share, Shanghai's 2nd largest insurance company by market capitalisation, extended its slide on Wednesday, shedding an additional 20.0 fen (or 0.3%) to trade at CNY61.85. Trading volume was 88% of average at the end of the day. The shares have fallen CNY2.82 (or 4.4%) over the past two trading days vs. the SSE Composite Index which has fallen 3.5% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price dropped 3.0% in the last week and 2.5% in the last month.

Note

Ping An Insurance (Group) Company of China - A Share today is at a discount of 23.7% to the 12-month high of CNY81.03 on 23 Jan, 2018. It is at a premium of 33.1% to the 12-month low of CNY46.48 on 21 Jun, 2017.

The stock has outperformed 60% of the Shanghai market over the past 6 months.

Bullish Signals:

Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 1% of stock by value of Q Ratio.

Net profit margin has averaged 11.3% in the last 3 years. This is better than the sector average of 6.6% and suggests a high margin of safety.

The Brand Value represents 1.0% of the estimated Enterprise Value of CNY3,946.8 billion (US$609.3 billion).

As per the Du Pont analysis, Return on Equity is high at 25.3%. Also, this has improved from 21.5% last year.

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

Undervaluation:

Price/Earnings of 8.8 [12.6]

Price/Earnings/Growth of 0.17 [0.3]

Price to Book of 1.6 [1.9]

Dividend yield of 2% [1.8%]

Return on Equity 25.3% [13.5%]

Return on Assets 1.5% [1.3%]

TODAY'S ALERTS

Afternoon Alert: Ping An Insurance (Group) Company of China - A Share down 5.3% in 2 days

20 June 2018 13:01 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) extended its slide on Wednesday, shedding an additional 79.0 fen (or 1.3%) to trade at CNY61.26. Trading volume was 1.1 times average so far today. The shares have fallen CNY3.41 (or 5.3%) over the past two trading days vs. the SSE Composite Index which has fallen 4.4% in the same period.

Morning Alert: Ping An Insurance (Group) Company of China - A Share down 4.2% in 2 days

20 June 2018 10:49 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) extended its slide on Wednesday, shedding an additional 11.0 fen (or 0.2%) to trade at CNY61.94. Trading volume was 86% of average so far today. The shares have fallen CNY2.73 (or 4.2%) over the past two trading days vs. the SSE Composite Index which has fallen 4.1% in the same period.

RECENT ALERTS

Afternoon Alert: Ping An Insurance (Group) Company of China - A Share increases 0.5% - outperforming 95% of stocks

15 June 2018 13:09 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) has increased 30.0 fen (or 0.5%) today to trade at CNY64.72 and has outperformed 95% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Morning Alert: Ping An Insurance (Group) Company of China - A Share up 2.1% in 2 days

15 June 2018 10:49 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) extended its gains on Friday, rising an additional 73.0 fen (or 1.1%) to trade at CNY65.15. Trading volume was 1.1 times average so far today. The shares have risen CNY1.37 (or 2.1%) over the past two trading days vs. the SSE Composite Index which has fallen 0.4% in the same period.

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318; SHA:601318; CH:601318)

ISIN: CNE000001R84

PermID: 4295864721

Source: www.BuySellSignals.com