Japanese stock alert

JAP

CLOSING UPDATE: Mitsubishi UFJ Financial decreases further 0.2%, led Bank sector lower 18 October 2017 16:26 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 UFJ Financial, the largest bank by market capitalisation in the Japan's, has decreased 0.5% to trade at JPY725.90 vs. the Bank sector which weakened 35.1 points (or 0.3%) to 9,852.6. Representing a weighting of about 22.6% of the sector, the stock accounted for 33.6% of today's loss. Trading volume was 59% of average at the end of the day. Compared with the Nikkei 225 Index which rose 26.9 points (or 0.1%) in the day, this represented a relative price change of -0.7%.

Technical indicators complementing today's significant downtrend:

+ The price decreased 0.3% in the last week.

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

Overvaluation:

+ Dividend yield of 2.5% [5.6%]

Note

Bullish Signals:

The positive 11.15 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 5.5% discount to 12-month high of JPY767.97 against the 51.3% premium to 12-month low of JPY479.72 suggests the stock continues to push for new highs.

The present value of JPY1,000 invested one year ago is JPY1,491 [vs JPY1,259 for the Nikkei 225 Index].

Net profit margin has averaged 15.9% 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 is less than stellar at 6.5%. Also, this has deteriorated from 7.3% last year.

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

Undervaluation:

Price/Earnings of 9.2 [10.9]

Return on Equity 6.5% [5.6%]

TODAY'S ALERTS

Afternoon Alert: Mitsubishi UFJ Financial decreases 0.3%, leads Bank sector lower

18 October 2017 13:09 JST

Mitsubishi UFJ Financial Group Inc. (TO:8306) has decreased 0.3% to trade at JPY727.60 vs. the Bank sector which weakened 24.5 points (or 0.2%) to 9,863.2. Representing a weighting of about 22.6% of the sector, the stock accounted for 26.0% of today's loss. Trading volume was 71% of average so far today.

Morning Alert: Mitsubishi UFJ Financial decreases 0.6%, leads Bank sector lower

18 October 2017 10:55 JST

Mitsubishi UFJ Financial Group Inc. (TO:8306) has decreased 0.6% to trade at JPY725.50 vs. the Bank sector which weakened 36.7 points (or 0.4%) to 9,851.0. Representing a weighting of about 22.5% of the sector, the stock accounted for 35.1% of today's loss. Trading volume was 81% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Mitsubishi UFJ Financial decreases 0.4%, led Bank sector lower

17 October 2017 16:28 JST

Mitsubishi UFJ Financial, the largest bank by market capitalisation in the Japan's, has decreased 0.4% to trade at JPY729.70 vs. the Bank sector which weakened 5.1 points (or 0.05%) to 9,887.7. Representing a weighting of about 22.6% of the sector, the stock accounted for the loss. Trading volume was 1.1 times average at the end of the day. Compared with the Nikkei 225 Index which rose 80.6 points (or 0.4%) in the day, this represented a relative price change of -0.8%.

Morning Alert: Mitsubishi UFJ Financial increases 0.4%, leads Bank sector higher

17 October 2017 10:56 JST

Mitsubishi UFJ Financial Group Inc. (TO:8306) has increased 0.4% to trade at JPY735.60 vs. the Bank sector which strengthened 17.1 points (or 0.2%) to 9,909.9. Representing a weighting of about 22.7% of the sector, the stock accounted for 52.9% of today's gain. Trading volume was 1.3 times average so far today.

Mitsubishi UFJ Financial Group Inc. (TO:8306; TYO:8306; T:8306; JP:8306)

ISIN: JP3902900004

Source: www.BuySellSignals.com