Japanese stock alert

JAP

CLOSING UPDATE: Murata Manufacturing accelerates rise, now up 7.7% in 2 days 15 June 2018 16:35 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).

Murata Manufacturing, the 6th largest electric appliances company by market capitalisation in the Japan's, is up JPY1,310.0 (or 7.7%) over the past two trading days. After rising 0.7% on Thursday, the stock rose 7% on Friday to trade at JPY18,240.0 vs. the Nikkei 225 Index that is down 0.5% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 679.72 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Japan market, the stock's relative price strength percentile is rising at 89 for 6 months, 89 for 3 months and 94 for 1 month.

+ In the last three months the stock has hit a new 52-week high once.

+ The price jumped 8.2% in the last week and soared 15.2% in the last month.

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

Undervaluation:

+ Return on Equity 16.6% [9.2%]

+ Return on Assets 13.5% [3.6%]

+ Return on Capital Employed 21% [8.7%]

Other Bullish Signals include:

+ Total Liabilities/EBITDA of 1 is comfortably below the Joseph Piotroski benchmark of <5.

+ Net profit margin has averaged 14.6% in the last 3 years. This is better than the sector average of 5% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 16.6% is better than sector average of 9.2%.

Note

Bearish Signals:

In the last three months the stock has hit a new 52-week low once.

Tobin's Q Ratio is 2.7. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Overbought/Bearish:

The 0.3% discount to 12-month high of JPY18,290.0 against the 34.5% premium to 12-month low of JPY13,556.16 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 3.7 [2.6]

TODAY'S ALERTS

Afternoon Alert: Murata Manufacturing in 4th consecutive rise, nears an 11-month high

15 June 2018 13:01 JST

Murata Manufacturing Co., Ltd. (TO:6981) extended its gains Friday, rising an additional JPY1,000.0 (or 5.9%) to trade at JPY18,050.0. The stock increased 0.59% on Wednesday and 0.71% on Thursday bringing its 4-day rise to 8.3%. It is now approaching its 226-day high of JPY18,115.0.

Morning Alert: Murata Manufacturing in 4th consecutive rise, nears an 11-month high

15 June 2018 11:14 JST

Murata Manufacturing Co., Ltd. (TO:6981) extended its gains Friday, rising an additional JPY950.0 (or 5.6%) to trade at JPY18,000.0. The stock increased 0.59% on Wednesday and 0.71% on Thursday bringing its 4-day rise to 8.0%. It is now approaching its 226-day high of JPY18,100.0.

RECENT ALERTS

CLOSING UPDATE: Murata Manufacturing increases 0.7% - outperforming 89% of stocks

14 June 2018 16:47 JST

Murata Manufacturing, the 7th largest electric appliances company by market capitalisation in the Japan's, has increased JPY120.0 (or 0.7%) today to trade at JPY17,050.0 and has outperformed 89% of the market in the past month. A price rise combined with a high relative strength is a bullish signal. Compared with the Nikkei 225 Index which fell 227.8 points (or 1%) in the day, this represented a relative price increase of 1.7%.

Afternoon Alert: Murata Manufacturing increases 0.7% - outperforming 89% of stocks

14 June 2018 13:00 JST

Murata Manufacturing Co., Ltd. (TO:6981) has increased JPY120.0 (or 0.7%) today to trade at JPY17,050.0 and has outperformed 89% of the market in the past month. A price rise combined with a high relative strength is a bullish signal.

Murata Manufacturing Co., Ltd. (TO:6981; TYO:6981; T:6981; JP:6981)

ISIN: JP3914400001

Source: www.BuySellSignals.com