Shanghai stock alert
CLOSING UPDATE: CRRC - A Share increases 0.5%, led Industrial sector higher 20 October 2017 15:56 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).
CRRC - A Share, Shanghai's largest industrial company by market capitalisation, has increased 0.5% to trade at CNY9.92 vs. the Industrial sector which strengthened 61.2 points (or 0.6%) to 11,091.5. Representing a weighting of about 38.0% of the sector, the stock accounted for 35.0% of today's gain. The shares have outperformed 81% of the market in the past week. Trading volume was 35% of average at the end of the day. Compared with the SSE 180 Index which fell 18.4 points (or 0.2%) in the day, this represented a relative price increase of 0.7%.
Technical indicators complementing today's significant uptrend:
+ The price increased 0.5% in the last week and 0.5% in the last month.
Fundamental measures by comparison with the sector average [in brackets] indicate:
+ Price/Sales of 1.3 [1.5]
+ Dividend yield of 2.1% [1.1%]
+ Return on Equity 15.8% [4.1%]
+ Return on Assets 4.1% [1.4%]
+ Return on Capital Employed 11.8% [6.4%]
Other Bullish Signals include:
+ The company is cash rich with Cash to Market Capitalisation at 14.7%.
+ Interest cover is less leveraged at 14.4 times.
+ Tobin's Q Ratio is 0.8. Compared with the rest of the market the stock is undervalued.
+ Net profit margin has averaged 5.9% in the last 3 years. This is better than the sector average of 4.4% and suggests a high margin of safety.
+ As per the Du Pont analysis, Return on Equity of 15.8% is better than sector average of 4.1%.
CRRC - A Share today is at a discount of 18.6% to the 12-month high of CNY12.19 on 30 Nov, 2016. It is at a premium of 7.8% to the 12-month low of CNY9.20 on 03 Nov, 2016.
Afternoon Alert: CRRC - A Share increases 0.5% - outperforming 84% of stocks
20 October 2017 13:01 CST
CRRC Corporation Limited - A Share (SS:601766) has increased 5.0 fen (or 0.5%) today to trade at CNY9.92 and has outperformed 84% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.
CLOSING UPDATE: CRRC - A Share increases 1.3% on robust volume
16 October 2017 15:54 CST
CRRC - A Share, Shanghai's largest industrial company by market capitalisation, traded on heavy volume of 1.4 times average today while the price increased 13.0 fen (or 1.3%) to trade at CNY10.0. Compared with the SSE 180 Index which rose 41.8 points (or 0.5%) in the day, this represented a relative price increase of 0.8%.
Afternoon Alert: CRRC - A Share in 3rd consecutive rise, nears one-month high
16 October 2017 13:03 CST
CRRC Corporation Limited - A Share (SS:601766) extended its gains Monday, rising an additional 16.0 fen (or 1.6%) to trade at CNY10.03. The stock increased 0.1% on Thursday and 0.3% on Friday bringing its 3-day rise to 2.0%. It is now approaching its 28-day high of CNY10.15.
CRRC Corporation Limited - A Share (SS:601766; SHA:601766; CH:601766)