Shanghai stock alert

CHINA

CLOSING UPDATE: China Yangtze Power - A Share hits 52-week high second time in one month 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 Yangtze Power - A Share, Shanghai's 3rd largest energy company by market capitalisation, hit a 52-week high of CNY15.94 today for the second time in the past one month and last traded at CNY15.90. This brought its two-day rise to 53.0 fen or 3.4%. Trading volume was 1.7 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 1.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 90% of the Shanghai market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high twice and in the last three months nine times, pointing to a significant uptrend.

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

Undervaluation:

+ Price/Earnings of 15.9 [35.8]

+ Dividend yield of 4.1% [2.1%]

+ Return on Equity 16.3% [3.4%]

+ Return on Assets 7% [1.4%]

+ Return on Capital Employed 10.6% [4.3%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 1.2. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 45.6% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 16.3% is better than sector average of 3.4%.

Note

Overbought/Bearish:

The 0.2% discount to 12-month high of CNY15.94 against the 34.0% premium to 12-month low of CNY11.87 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 2.7 [1.4]

TODAY'S ALERT

Afternoon Alert: China Yangtze Power - A Share hits 52-week high second time in one month

18 October 2017 12:59 CST

China Yangtze Power Co., Ltd. - A Share (SS:600900) hit a 52-week high of CNY15.66 today for the second time in the past one month and last traded at CNY15.64. This brought its two-day rise to 27.0 fen or 1.8%. Trading volume was 1.1 times average so far today.

China Yangtze Power Co., Ltd. - A Share (SS:600900; SHA:600900; CH:600900)

ISIN: CNE000001G87

PermID: 4295865508

Source: www.BuySellSignals.com