Japanese stock alert

JAP

CLOSING UPDATE: Fanuc hits 52-week high tenth time in one month 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).

Fanuc, the 4th largest electric appliances company by market capitalisation in the Japan's, hit a 52-week high of JPY25,340.0 today for the tenth time in the past one month and last traded at JPY25,080.0. Compared with the Nikkei 225 Index which rose 26.9 points (or 0.1%) in the day, this represented a relative price change of -0.6%.

Technical indicators complementing today's significant uptrend:

+ The positive 784.19 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price lifted 3.2% in the last week and soared 10.2% in the last month.

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

Undervaluation:

+ Return on Assets 8.2% [2.9%]

+ Return on Capital Employed 11.7% [6.7%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 12.3%.

+ Total Liabilities/EBITDA of 1.2 is comfortably below the Joseph Piotroski benchmark of <5.

+ Net profit margin has averaged 26% 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 8.8%.

Note

The stock has underperformed 56% of the Japan market over the past 6 months.

Bearish Signals:

Tobin's Q Ratio is 3.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom 8% of stocks by value of Q Ratio.

Overbought/Bearish:

The 1.0% discount to 12-month high of JPY25,340.0 against the 41.0% premium to 12-month low of JPY17,790.0 suggests the climb might be peaking.

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

Overvaluation:

Price/Earnings of 35.1 [25.4]

Price/Sales of 8.9 [1.0]

Price to Book of 3.8 [2.3]

TODAY'S ALERTS

Afternoon Alert: Fanuc hits 52-week high tenth time in one month

18 October 2017 13:09 JST

Fanuc Corporation (TO:6954) hit a 52-week high of JPY25,340.0 today for the tenth time in the past one month and last traded at JPY25,110.0. Trading volume was 76% of average so far today.

Morning Alert: Fanuc hits 52-week high tenth time in one month

18 October 2017 10:55 JST

Fanuc Corporation (TO:6954) hit a 52-week high of JPY25,340.0 today for the tenth time in the past one month and last traded at JPY25,095.0. Trading volume was 71% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Fanuc increases 0.9%, led Electric appliances sector higher

17 October 2017 16:28 JST

Fanuc, the 4th largest electric appliances company by market capitalisation in the Japan's, has increased 0.9% to trade at JPY25,210.0 vs. the Electric appliances sector which strengthened 122.9 points (or 0.4%) to 28,533.5. Representing a weighting of about 6.1% of the sector, the stock accounted for 13.3% of today's gain. The shares have outperformed 93% of the market in the past week. Trading volume was 1.2 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 increase of 0.6%.

Afternoon Alert: Fanuc keeps rising: up 5.1% in 5 days

17 October 2017 13:19 JST

Fanuc Corporation (TO:6954) extended its gains on Tuesday, rising an additional JPY125.0 (or 0.5%) to trade at JPY25,100.0. The shares have risen JPY1,225.0 (or 5.1%) over the past five trading days vs. the Nikkei 225 Index which has risen 2.1% in the same period.

Fanuc Corporation (TO:6954; TYO:6954; T:6954; JP:6954)

ISIN: JP3802400006

Source: www.BuySellSignals.com