Shanghai stock alert

CHINA

CLOSING UPDATE: Ping An Insurance (Group) Company of China - A Share hits 52-week high fourth time in two months 18 January 2018 16:04 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, hit a 52-week high of CNY80.11 today for the fourth time in the past two months and last traded at CNY77.74. Trading volume was 2.8 times average at the end of the day. Compared with the SSE 180 Index which rose 66.4 points (or 0.7%) in the day, this represented a relative price change of -0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.55 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 3.0% discount to 12-month high of CNY80.11 against the 127.2% premium to 12-month low of CNY34.22 suggests the stock continues to push for new highs.

+ The stock has outperformed 96% of the Shanghai market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high eighteen times, pointing to a significant uptrend.

+ The price jumped 7.0% in the last week and 10.0% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY2,233 [vs CNY1,250 for the SSE 180 Index].

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

Undervaluation:

+ Price/Earnings of 11.2 [18.1]

+ Price/Earnings/Growth of 0.46 [2.5]

+ Dividend yield of 1.4% [1.1%]

+ Return on Equity 21.5% [12.8%]

+ Year-on-Year Earnings Growth of 17.1% [7.4%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 66.6%.

+ Interest cover is less leveraged at 8.8 times.

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 2% of stock by value of Q Ratio.

+ Net profit margin has averaged 11.5% in the last 3 years. This is better than the sector average of 6.4% and suggests a high margin of safety.

+ The Brand Value represents 5.4% of the estimated Enterprise Value of CNY733.9 billion (US$114 billion).

+ As per the Du Pont analysis, Return on Equity is high at 21.5%.

TODAY'S ALERTS

Afternoon Alert: Ping An Insurance (Group) Company of China - A Share hits 52-week high fourth time in two months

18 January 2018 13:06 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) hit a 52-week high of CNY80.11 today for the fourth time in the past two months and last traded at CNY77.44. Trading volume was 1.4 times average so far today.

Morning Alert: Ping An Insurance (Group) Company of China - A Share hits 52-week high fourth time in two months

18 January 2018 10:59 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) hit a 52-week high of CNY80.11 today for the fourth time in the past two months and last traded at CNY79.34. Trading volume was 1.4 times average so far today.

RECENT ALERTS

Morning Alert: Ping An Insurance (Group) Company of China - A Share keeps rising: up 10.1% in 5 days

17 January 2018 11:02 CST

Ping An Insurance (Grp) Co of China Ltd - A Share (SS:601318) extended its gains on Wednesday, rising an additional CNY1.17 (or 1.5%) to trade at CNY79.02. The shares have risen CNY7.28 (or 10.1%) over the past five trading days vs. the SSE 180 Index which has risen 2.5% in the same period.

CLOSING UPDATE: Ping An Insurance (Group) Company of China - A Share keeps rising: up 8.5% in 4 days

16 January 2018 16:00 CST

Ping An Insurance (Group) Company of China - A Share, Shanghai's 2nd largest insurance company by market capitalisation, extended its gains on Tuesday, rising an additional 17.0 fen (or 0.2%) to trade at CNY77.85. Trading volume was 2.1 times average at the end of the day. The shares have risen CNY6.11 (or 8.5%) over the past four trading days vs. the SSE 180 Index which has risen 1.2% 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