Brazilian stock alert

BRAZ

CLOSING UPDATE: BM&Fbovespa hits 52-week high second time in one month 21 July 2017 17:33 BRT

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).

BM&Fbovespa, Brazil's largest diversified financial services company by market capitalisation, hit a 52-week high of R$20.91 today for the second time in the past one month and last traded at R$20.80. This brought its three-day rise to 23.0 centavos or 1.1%. Compared with the Brazil Index 50 which fell 45.2 points (or 0.4%) in the day, this represented a relative price increase of 0.5%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.43 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

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

+ The price increased 1.3% in the last week and jumped 8.9% in the last month.

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 26.0%.

+ Tobin's Q Ratio is 1.4. Compared with the rest of the market the stock is undervalued.

Note

The stock has outperformed 61% of the Brazilian market over the past 6 months.

Bearish Signals:

As per the Du Pont analysis, Return on Equity is less than stellar at 7.6%. Also, this has deteriorated from 12% last year.

Overbought/Bearish:

The 0.5% discount to 12-month high of R$20.91 against the 41.6% premium to 12-month low of R$14.69 suggests the climb might be peaking.

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

Overvaluation:

Price to Book of 11.4 [6.0]

Return on Equity 7.6% [8.8%]

Return on Capital Employed 4.5% [7.1%]

TODAY'S ALERT

Afternoon Alert: BM&Fbovespa increases 0.5%, leads Diversified financial services sector higher

21 July 2017 13:08 BRT

BMFBovespa SA - Bolsa de Valores Mercadorias e Futuros (SA:BVMF3) has increased 0.5% to trade at R$20.89 vs. the Diversified financial services sector which strengthened 71.4 points (or 0.4%) to 19,099.9. Representing a weighting of about 70.8% of the sector, the stock accounted for 98.7% of today's gain. Trading volume was 2.6 times average so far today.

RECENT ALERTS

CLOSING UPDATE: BM&Fbovespa hits 52-week high third time in three months

20 July 2017 17:33 BRT

BM&Fbovespa, Brazil's largest diversified financial services company by market capitalisation, hit a 52-week high of R$20.85 today for the third time in the past three months and last traded at R$20.78. This brought its two-day rise to 21.0 centavos or 1.0%. Trading volume was 51% of average at the end of the day. Compared with the Brazil Index 50 which fell 42.9 points (or 0.4%) in the day, this represented a relative price increase of 1.2%.

Morning Alert: BM&Fbovespa hits 52-week high third time in three months

20 July 2017 11:10 BRT

BMFBovespa SA - Bolsa de Valores Mercadorias e Futuros (SA:BVMF3) hit a 52-week high of R$20.84 today for the third time in the past three months and last traded at R$20.77. This brought its two-day rise to 20.0 centavos or 1.0%. Trading volume was 34% of average so far today.

BMFBovespa SA - Bolsa de Valores Mercadorias e Futuros (SA:BVMF3; SAO:BVMF3; BZ:BVMF3)

ISIN: BRBVMFACNOR3

PermID: 4298068046

Source: www.BuySellSignals.com