Brazilian stock alert

BRAZ

CLOSING UPDATE: Petroleo Brasileiro SA Petrobras Preference Shares decreases gains by 0.8%, led Oil & gas sector higher 20 October 2017 18:36 BRST

NEWS BITES - BRIC

This is an end of day Alert, produced after today's Brazilian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Petroleo Brasileiro SA Petrobras Preference Shares, Brazil's 2nd largest oil & gas company by market capitalisation, has increased 0.4% to trade at R$16.22 vs. the Oil & gas sector which strengthened 16.9 points (or 0.3%) to 4,796.6. Representing a weighting of about 40.4% of the sector, the preference stock accounted for 50.0% of today's gain. Trading volume was 85% of average at the end of the day. Compared with the Brazil Index 50 which rose 11.5 points (or 0.09%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.37 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

Undervaluation:

+ Price/Sales of 0.3 [0.4]

+ Price to Book of 0.4 [0.5]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the preference stock is undervalued and ranks in the top 3% of preference stock by value of Q Ratio.

Note

Petroleo Brasileiro SA Petrobras Preference Shares today is at a discount of 12.3% to the 12-month high of R$18.49 on 27 Oct, 2016. It is at a premium of 40.0% to the 12-month low of R$11.59 on 21 Jun, 2017.

TODAY'S ALERT

Afternoon Alert: Petroleo Brasileiro SA Petrobras Preference Shares increases 1.2%, leads Oil & gas sector higher

20 October 2017 12:10 BRST

Petroleo Brasileiro SA (SA:PETR4) has increased 1.2% to trade at R$16.35 vs. the Oil & gas sector which strengthened 45.1 points (or 0.9%) to 4,824.8. Representing a weighting of about 40.5% of the sector, the preference stock accounted for 53.4% of today's gain.

Petroleo Brasileiro SA (SA:PETR4; SAO:PETR4; BZ:PETR4)

ISIN: BRPETRACNPR6

PermID: 4295859763

Source: www.BuySellSignals.com