Japanese stock alert

JAP

CLOSING UPDATE: Hitachi hits 52-week high sixth time in one month 19 January 2018 16:29 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).

Hitachi, the 7th largest electric appliances company by market capitalisation in the Japan's, hit a 52-week high of JPY934.40 today for the sixth time in the past one month and last traded at JPY930.80. This brought its two-day rise to JPY17.20 or 1.9%. Compared with the Nikkei 225 Index which rose 73.5 points (or 0.3%) in the day, this represented a relative price increase of 1.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 17.2 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The present value of JPY1,000 invested one year ago is JPY1,474 [vs JPY1,248 for the Nikkei 225 Index].

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

Undervaluation:

+ Price/Earnings of 16.0 [28.1]

+ Price/Sales of 0.5 [1.2]

+ Price to Book of 1.5 [3.0]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 15.5%.

+ Interest cover is less leveraged at 18.1 times.

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

+ The Brand Value represents an impressive 27.2% of the estimated Enterprise Value of JPY6,752.2 billion (US$60.9 billion).

Note

The stock has outperformed 73% of the Japan market over the past 6 months.

Bearish Signals:

Net profit margin has averaged 3.8% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

As per the Du Pont analysis, Return on Equity of 8.5% is lower than sector average of 9.1%.

Overbought/Bearish:

The 0.4% discount to 12-month high of JPY934.40 against the 65.8% premium to 12-month low of JPY561.24 suggests the climb might be peaking.

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

Overvaluation:

Return on Assets 2.8% [3.5%]

TODAY'S ALERTS

Afternoon Alert: Hitachi hits 52-week high sixth time in one month

19 January 2018 13:03 JST

Hitachi Ltd. (TO:6501) hit a 52-week high of JPY934.40 today for the sixth time in the past one month and last traded at JPY932.30. This brought its two-day rise to JPY18.70 or 2.0%. Trading volume was 88% of average so far today.

Morning Alert: Hitachi hits 52-week high sixth time in one month

19 January 2018 11:03 JST

Hitachi Ltd. (TO:6501) hit a 52-week high of JPY934.40 today for the sixth time in the past one month and last traded at JPY931.80. This brought its two-day rise to JPY18.20 or 2.0%. Trading volume was 90% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Hitachi hits 52-week high fourth time in one month

16 January 2018 16:26 JST

Hitachi, the 6th largest electric appliances company by market capitalisation in the Japan's, hit a 52-week high of JPY932.40 today for the fourth time in the past one month and last traded at JPY925.40. Trading volume was 91% of average at the end of the day. Compared with the Nikkei 225 Index which rose 236.9 points (or 1%) in the day, this represented a relative price change of -1.4%.

Morning Alert: Hitachi hits 52-week high fourth time in one month

16 January 2018 11:01 JST

Hitachi Ltd. (TO:6501) hit a 52-week high of JPY932.40 today for the fourth time in the past one month and last traded at JPY918.20. Trading volume was 94% of average so far today.

Hitachi Ltd. (TO:6501; TYO:6501; T:6501; JP:6501)

ISIN: JP3788600009

Source: www.BuySellSignals.com