Japanese stock alert

JAP

CLOSING UPDATE: Mitsubishi keeps sliding: down 3.1% in 3 days 20 June 2018 16:37 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, extended its slide on Wednesday, shedding an additional JPY3.0 (or 0.1%) to trade at JPY3,105.0. Trading volume was 1.1 times average at the end of the day. The shares have fallen JPY100.0 (or 3.1%) over the past three trading days vs. the Nikkei 225 Index which has fallen 1.3% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price dropped 2.5% in the last week and 3.6% in the last month.

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

Overvaluation:

+ Price/Sales of 0.7 [0.3]

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

The stock has outperformed 68% of the Japan market over the past 6 months.

Bullish Signals:

The positive 12.3 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.4% discount to 12-month high of JPY3,246.51 against the 43.1% premium to 12-month low of JPY2,170.47 suggests the stock continues to push for new highs.

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 9.4%.

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

Undervaluation:

Price/Earnings of 8.4 [11.1]

Dividend yield of 4.9% [3.7%]

Return on Equity 12.4% [9.4%]

Return on Assets 3.8% [3.3%]

TODAY'S ALERT

Afternoon Alert: Mitsubishi keeps sliding: down 4.3% in 3 days

20 June 2018 13:00 JST

Mitsubishi Corporation (TO:8058) extended its slide on Wednesday, shedding an additional JPY41.0 (or 1.3%) to trade at JPY3,067.0. Trading volume was 1.1 times average so far today. The shares have fallen JPY138.0 (or 4.3%) over the past three trading days vs. the Nikkei 225 Index which has fallen 2.5% in the same period.

RECENT ALERTS

CLOSING UPDATE: Mitsubishi down 3.0% in 2 days

19 June 2018 16:36 JST

Mitsubishi, the largest wholesale trade company by market capitalisation in Japan's, extended its slide on Tuesday, shedding an additional JPY11.0 (or 0.4%) to trade at JPY3,108.0. Trading volume was 1.1 times average at the end of the day. The shares have fallen JPY97.0 (or 3.0%) over the past two trading days vs. the Nikkei 225 Index which has fallen 2.5% in the same period.

Afternoon Alert: Mitsubishi inches higher, resistance at 12-day EMA

19 June 2018 13:00 JST

Mitsubishi Corporation (TO:8058) has increased 1.2% but fell short of the 12-day Exponential Moving Average [EMA] of JPY3,156.13.

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

ISIN: JP3898400001

Source: www.BuySellSignals.com