Shanghai stock alert

CHINA

CLOSING UPDATE: SAIC Motor- A Share hits 52-week high sixth time in four months 18 October 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).

SAIC Motor- A Share, Shanghai's largest motor vehicles company by market capitalisation, hit a 52-week high of CNY32.78 today for the sixth time in the past four months and last traded at CNY32.66. Trading volume was 1.2 times average at the end of the day. Compared with the SSE 180 Index which rose 68.9 points (or 0.8%) in the day, this represented a relative price increase of 2.9%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.63 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 94% of the Shanghai market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high once.

+ The price lifted 3.0% in the last week and soared 10.3% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY1,613 [vs CNY1,192 for the SSE 180 Index].

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

Undervaluation:

+ Price/Earnings of 10.9 [17.4]

+ Price/Sales of 0.5 [0.7]

+ Price to Book of 2.1 [2.5]

+ Dividend yield of 5% [3.2%]

+ Return on Equity 17.9% [12.4%]

+ Return on Assets 7.4% [4.6%]

+ Return on Capital Employed 17.2% [13.4%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ Net profit margin has averaged 6% in the last 3 years. This is better than the sector average of 4% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 17.9% is better than sector average of 12.4%.

Note

Overbought/Bearish:

The 0.4% discount to 12-month high of CNY32.78 against the 53.3% premium to 12-month low of CNY21.31 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings/Growth of 1.71 [1.5]

TODAY'S ALERT

Afternoon Alert: SAIC Motor- A Share increases 1.7% - outperforming 82% of stocks

18 October 2017 12:59 CST

SAIC Motor Corporation Limited (SS:600104) has increased 54.0 fen (or 1.7%) today to trade at CNY32.04 and has outperformed 82% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

RECENT ALERTS

CLOSING UPDATE: SAIC Motor- A Share increases 0.2%

16 October 2017 15:54 CST

SAIC Motor- A Share, Shanghai's largest motor vehicles company by market capitalisation, traded on volume of 0.7 times average today while the price increased 7.0 fen (or 0.2%) to trade at CNY32.02. Compared with the SSE 180 Index which rose 41.8 points (or 0.5%) in the day, this represented a relative price change of -0.3%.

Afternoon Alert: SAIC Motor- A Share decreases 1.0%, leads Motor vehicles sector lower

16 October 2017 13:03 CST

SAIC Motor Corporation Limited (SS:600104) has decreased 1.0% to trade at CNY31.63 vs. the Motor vehicles sector which weakened 605.6 points (or 2.5%) to 23,154.7. Representing a weighting of about 57.1% of the sector, the stock accounted for 22.4% of today's loss. Trading volume was 63% of average so far today.

SAIC Motor Corporation Limited (SS:600104; SHA:600104; CH:600104)

ISIN: CNE000000TY6

PermID: 4295865461

Source: www.BuySellSignals.com