Japanese stock alert

JAP

CLOSING UPDATE: Sumitomo Mitsui Financial up 2.3% in 2 days 16 January 2018 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).

Sumitomo Mitsui Financial, the 2nd largest bank by market capitalisation in the Japan's, extended its gains on Tuesday, rising an additional JPY24.0 (or 0.5%) to trade at JPY5,310.0. Trading volume was 1.2 times average at the end of the day. The shares have risen JPY118.0 (or 2.3%) over the past two trading days vs. the Nikkei 225 Index which has risen 1.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 159.26 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Japan market, the stock's relative price strength percentile is improving at 68 for 6 months, 77 for 3 months and 78 for 1 month.

+ In the last three months the stock has hit a new 52-week high thirteen times, pointing to a significant uptrend.

+ The price climbed 4.3% in the last week and jumped 9.1% in the last month.

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

Undervaluation:

+ Return on Equity 9.3% [5.6%]

+ Return on Assets 0.4% [0.3%]

Other Bullish Signals include:

+ Net profit margin has averaged 25.8% 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 of 9.3% is better than sector average of 5.6%.

Note

Overbought/Bearish:

The 0.4% discount to 12-month high of JPY5,333.0 against the 43.9% premium to 12-month low of JPY3,690.24 suggests the climb might be peaking.

TODAY'S ALERT

Afternoon Alert: Sumitomo Mitsui Financial up 2.1% in 2 days

16 January 2018 13:02 JST

Sumitomo Mitsui Financial Group Inc. (TO:8316) extended its gains on Tuesday, rising an additional JPY17.0 (or 0.3%) to trade at JPY5,303.0. Trading volume was 90% of average so far today. The shares have risen JPY111.0 (or 2.1%) over the past two trading days vs. the Nikkei 225 Index which has risen 0.8% in the same period.

RECENT ALERTS

CLOSING UPDATE: Sumitomo Mitsui Financial hits 52-week high tenth time in one month

15 January 2018 16:28 JST

Sumitomo Mitsui Financial, the 2nd largest bank by market capitalisation in the Japan's, hit a 52-week high of JPY5,333.0 today for the tenth time in the past one month and last traded at JPY5,286.0. Trading volume was 1.3 times average at the end of the day. Compared with the Nikkei 225 Index which rose 61.1 points (or 0.3%) in the day, this represented a relative price increase of 1.6%.

Afternoon Alert: Sumitomo Mitsui Financial hits 52-week high tenth time in one month

15 January 2018 13:02 JST

Sumitomo Mitsui Financial Group Inc. (TO:8316) hit a 52-week high of JPY5,333.0 today for the tenth time in the past one month and last traded at JPY5,275.0. Trading volume was 1.1 times average so far today.

Sumitomo Mitsui Financial Group Inc. (TO:8316; TYO:8316; T:8316; JP:8316)

ISIN: JP3890350006

Source: www.BuySellSignals.com