Brazilian stock alert

BRAZ

CLOSING UPDATE: Itau Unibanco hits 52-week high second time in one month 19 January 2018 18:34 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).

Itau Unibanco, Brazil's 2nd largest bank by market capitalisation, hit a 52-week high of R$40.43 today for the second time in the past one month and last traded at R$40.31. This brought its five-day rise to R$1.11 or 2.8%. Trading volume was 47% of average at the end of the day. Compared with the Brazil Index 50 which rose 39.0 points (or 0.3%) in the day, this represented a relative price increase of 0.1%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.61 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Brazilian market, the stock's relative price strength percentile is improving at 60 for 6 months, 61 for 3 months and 67 for 1 month.

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

Undervaluation:

+ Price to Book of 1.3 [1.5]

+ Return on Equity 19.0% [13.1%]

+ Return on Assets 1.7% [1.3%]

Other Bullish Signals include:

+ Net profit margin has averaged 18.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

+ The Brand Value represents 5.8% of the estimated Enterprise Value of R$684 billion (US$213.3 billion).

+ As per the Du Pont analysis, Return on Equity of 19.0% is better than sector average of 13.1%.

Note

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

Overvaluation:

Price/Earnings of 11.3 [7.8]

TODAY'S ALERT

Afternoon Alert: Itau Unibanco hits 52-week high second time in one month

19 January 2018 12:10 BRST

Itau Unibanco Holding SA (SA:ITUB3) hit a 52-week high of R$40.35 today for the second time in the past one month and last traded at R$40.20. This brought its five-day rise to R$1.0 or 2.6%. Trading volume was 77% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Itau Unibanco hits 52-week high sixth time in four months

18 January 2018 18:34 BRST

Itau Unibanco, Brazil's 2nd largest bank by market capitalisation, hit a 52-week high of R$40.20 today for the sixth time in the past four months and last traded at R$40.15. This brought its four-day rise to 95.0 centavos or 2.4%. Trading volume was 47% of average at the end of the day. Compared with the Brazil Index 50 which fell 32.9 points (or 0.2%) in the day, this represented a relative price increase of 0.5%.

Afternoon Alert: Itau Unibanco in 4th consecutive rise, nears five-month high

18 January 2018 14:58 BRST

Itau Unibanco Holding SA (SA:ITUB3) extended its gains Thursday, rising an additional 5.0 centavos (or 0.1%) to trade at R$40.09. The stock increased 0.69% on Tuesday and 1.14% on Wednesday bringing its 4-day rise to 2.3%. It is now approaching its 104-day high of R$40.20.

Itau Unibanco Holding SA (SA:ITUB3; SAO:ITUB3; BZ:ITUB3)

ISIN: BRITUBACNOR4

PermID: 5001097110

Source: www.BuySellSignals.com