Japanese stock alert

JAP

CLOSING UPDATE: Mitsubishi increases losses by 0.5%, led Wholesale trade sector lower 25 May 2018 16:36 JST

NEWS BITES - JAPAN

This is an end of day Alert, produced after today's Japan market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Mitsubishi, the largest wholesale trade company by market capitalisation in Japan's, has decreased 1.4% to trade at JPY3,087.0 vs. the Wholesale trade sector which weakened 174.7 points (or 0.7%) to 23,552.8. Representing a weighting of about 15.2% of the sector, the stock accounted for 29.0% of today's loss. The shares have underperformed 85% of the market in the past week. Compared with the Nikkei 225 Index which rose 13.8 points (or 0.06%) in the day, this represented a relative price change of -1.5%.

Technical indicators complementing today's significant downtrend:

+ The price sank 4.4% in the last week.

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

Overvaluation:

+ Price/Sales of 0.7 [0.4]

Other Bearish Signals include:

+ Net profit margin has averaged 4.5% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

Note

Bullish Signals:

The positive 51.86 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.9% discount to 12-month high of JPY3,246.51 against the 44.7% premium to 12-month low of JPY2,133.37 suggests the stock continues to push for new highs.

The present value of JPY1,000 invested one year ago is JPY1,515 [vs JPY1,133 for the Nikkei 225 Index].

Interest cover is less leveraged at 16.6 times.

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

As per the Du Pont analysis, Return on Equity of 12.4% is better than sector average of 8.9%.

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

Undervaluation:

Price/Earnings of 8.3 [12.2]

Price to Book of 1.1 [1.2]

Dividend yield of 5% [3.9%]

Return on Equity 12.4% [8.9%]

Return on Assets 3.8% [3.1%]

TODAY'S ALERTS

Afternoon Alert: Mitsubishi decreases 1.9%, leads Wholesale trade sector lower

25 May 2018 13:10 JST

Mitsubishi Corporation (TO:8058) has decreased 1.9% to trade at JPY3,071.0 vs. the Wholesale trade sector which weakened 174.8 points (or 0.7%) to 23,552.8. Representing a weighting of about 15.2% of the sector, the stock accounted for 39.3% of today's loss. The shares have underperformed 90% of the market in the past week. Trading volume was 1.3 times average so far today.

Morning Alert: Mitsubishi drops 2.1%, leads Wholesale trade sector lower

25 May 2018 11:11 JST

Mitsubishi Corporation (TO:8058) has dropped 2.1% to trade at JPY3,066.0 vs. the Wholesale trade sector which weakened 181.2 points (or 0.8%) to 23,546.4. Representing a weighting of about 15.1% of the sector, the stock accounted for 41.4% of today's loss. The shares have underperformed 91% of the market in the past week. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Mitsubishi keeps sliding: down 2.5% in 3 days

23 May 2018 16:53 JST

Mitsubishi, the largest wholesale trade company by market capitalisation in Japan's, extended its slide on Wednesday, shedding an additional JPY69.0 (or 2.1%) to trade at JPY3,147.0. Trading volume was 1.2 times average at the end of the day.

Afternoon Alert: Mitsubishi drops 2.1% on robust volume

23 May 2018 12:59 JST

Mitsubishi Corporation (TO:8058) traded on heavy volume of 1.6 times average so far today while the price dropped JPY66.0 (or 2.1%) to trade at JPY3,150.0.

Mitsubishi Corporation (TO:8058; TYO:8058; T:8058; JP:8058)

ISIN: JP3898400001

Source: www.BuySellSignals.com