Shanghai stock alert

CHINA

CLOSING UPDATE: China Petroleum & Chemical - A Share up 4.8% in 2 days 18 May 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).

China Petroleum & Chemical - A Share, Shanghai's 2nd largest energy company by market capitalisation, extended its gains on Friday, rising an additional 33.0 fen (or 4.6%) to trade at CNY7.44. Trading volume was 1.6 times average at the end of the day. The shares have risen 34.0 fen (or 4.8%) over the past two trading days vs. the SSE Composite Index which has risen 0.7% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.14 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 95% of the Shanghai market over the past 6 months.

+ The price lifted 2.6% in the last week and jumped 8.6% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY1,403 [vs CNY1,033 for the SSE Composite Index].

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

Undervaluation:

+ Price/Earnings of 19.4 [30.6]

+ Price/Sales of 0.3 [0.7]

+ Price to Book of 1.1 [1.4]

+ Dividend yield of 3.6% [2.0%]

+ Return on Equity 10.1% [4.0%]

+ Return on Assets 3.9% [1.7%]

+ Return on Capital Employed 8.5% [4.4%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 20.6%.

+ Interest cover is less leveraged at 13.1 times.

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ As per the Du Pont analysis, Return on Equity of 10.1% is better than sector average of 4.0%.

Note

Bearish Signals:

Net profit margin has averaged 2.3% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

TODAY'S ALERTS

Afternoon Alert: China Petroleum & Chemical - A Share up 2.7% in 2 days

18 May 2018 13:01 CST

China Petroleum & Chemical Corporation - A Share (SS:600028) extended its gains on Friday, rising an additional 18.0 fen (or 2.5%) to trade at CNY7.29. Trading volume was 1.7 times average so far today. The shares have risen 19.0 fen (or 2.7%) over the past two trading days vs. the SSE Composite Index which has fallen 0.2% in the same period.

Morning Alert: China Petroleum & Chemical - A Share up 2.1% in 2 days

18 May 2018 10:50 CST

China Petroleum & Chemical Corporation - A Share (SS:600028) extended its gains on Friday, rising an additional 14.0 fen (or 2.0%) to trade at CNY7.25. Trading volume was 1.8 times average so far today. The shares have risen 15.0 fen (or 2.1%) over the past two trading days vs. the SSE Composite Index which has fallen 0.6% in the same period.

RECENT ALERTS

CLOSING UPDATE: China Petroleum & Chemical - A Share increases 0.1%

17 May 2018 16:08 CST

China Petroleum & Chemical - A Share, Shanghai's 2nd largest energy company by market capitalisation, traded on volume of 0.6 times average today while the price increased 1.0 fen (or 0.1%) to trade at CNY7.11. Compared with the SSE Composite Index which fell 7.5 points (or 0.2%) in the day, this represented a relative price increase of 0.4%.

Afternoon Alert: China Petroleum & Chemical - A Share increases 0.4% - outperforming 93% of stocks

17 May 2018 13:00 CST

China Petroleum & Chemical Corporation - A Share (SS:600028) has increased 3.0 fen (or 0.4%) today to trade at CNY7.13 and has outperformed 93% of the market in the past six months. A price rise combined with a high relative strength is a bullish signal.

China Petroleum & Chemical Corporation - A Share (SS:600028; SHA:600028; CH:600028)

ISIN: CNE0000018G1

PermID: 4295864455

Source: www.BuySellSignals.com