Shanghai stock alert

CHINA

CLOSING UPDATE: China Pacific Insurance - A Share lifts 2.1% on firm volume 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).

China Pacific Insurance - A Share, Shanghai's 3rd largest insurance company by market capitalisation, traded on heavy volume of 1.3 times average today while the price lifted 81.0 fen (or 2.1%) to trade at CNY39.57. Compared with the SSE 180 Index which rose 68.9 points (or 0.8%) in the day, this represented a relative price increase of 1.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.46 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 99% of the Shanghai market over the past 6 months.

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

+ The price jumped 7.9% in the last week and 8.8% in the last month.

+ The present value of CNY1,000 invested one year ago is CNY1,405 [vs CNY1,192 for the SSE 180 Index].

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

Undervaluation:

+ Dividend yield of 1.8% [1.3%]

+ Return on Assets 1.2% [1.0%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top 10% of stock by value of Q Ratio.

+ Net profit margin has averaged 6.8% in the last 3 years. This is better than the sector average of 6.4% and suggests a high margin of safety.

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 9.7% is lower than sector average of 10.6%.

Overbought/Bearish:

The 0.9% discount to 12-month high of CNY39.95 against the 58.4% premium to 12-month low of CNY24.98 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 39.6 [19.6]

Price to Book of 2.8 [2.4]

TODAY'S ALERTS

Afternoon Alert: China Pacific Insurance - A Share keeps rising: up 5.2% in 3 days

18 October 2017 12:59 CST

China Pacific Insurance (Group) Co., Ltd - A Share (SS:601601) extended its gains on Wednesday, rising an additional 32.0 fen (or 0.8%) to trade at CNY39.08. Trading volume was 75% of average so far today. The shares have risen CNY1.93 (or 5.2%) over the past three trading days vs. the SSE 180 Index which has risen 0.5% in the same period.

Morning Alert: China Pacific Insurance - A Share keeps rising: up 4.7% in 3 days

18 October 2017 10:42 CST

China Pacific Insurance (Group) Co., Ltd - A Share (SS:601601) extended its gains on Wednesday, rising an additional 13.0 fen (or 0.3%) to trade at CNY38.89. Trading volume was 68% of average so far today. The shares have risen CNY1.74 (or 4.7%) over the past three trading days vs. the SSE 180 Index which has risen 0.3% in the same period.

RECENT ALERTS

CLOSING UPDATE: China Pacific Insurance - A Share up 4.3% in 2 days

17 October 2017 15:56 CST

China Pacific Insurance - A Share, Shanghai's 3rd largest insurance company by market capitalisation, extended its gains on Tuesday, rising an additional 20.0 fen (or 0.5%) to trade at CNY38.76. The shares have risen CNY1.61 (or 4.3%) over the past two trading days vs. the SSE 180 Index which has risen 0.03% in the same period.

Afternoon Alert: China Pacific Insurance - A Share in 2nd consecutive rise, nears two-month high

17 October 2017 13:02 CST

China Pacific Insurance (Group) Co., Ltd - A Share (SS:601601) extended its gains Tuesday, rising an additional 13.0 fen (or 0.3%) to trade at CNY38.69. The stock lifted 3.8% on Monday bringing its 2-day rise to 4.1%. It is now approaching its 38-day high of CNY38.83.

China Pacific Insurance (Group) Co., Ltd - A Share (SS:601601; SHA:601601; CH:601601)

ISIN: CNE1000008M8

Source: www.BuySellSignals.com