Brazilian stock alert

BRAZ

CLOSING UPDATE: B3 keeps rising: up 7.5% in 6 days 21 September 2018 17:36 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).

B3, Brazil's largest diversified financial services company by market capitalisation, extended its gains on Friday, rising an additional 13.0 centavos (or 0.6%) to trade at R$22.80. Trading volume was 1.3 times average at the end of the day. The shares have risen R$1.60 (or 7.5%) over the past six trading days vs. the Brazil Index 50 which has risen 6.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The price climbed 5.4% in the last week and lifted 2.7% in the last month.

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 10.5%.

+ Tobin's Q Ratio is 1.2. Compared with the rest of the market the stock is undervalued.

Note

B3 today is at a discount of 16.5% to the 12-month high of R$27.31 on 26 Feb, 2018. It is at a premium of 20.5% to the 12-month low of R$18.92 on 19 Jun, 2018.

The stock has outperformed 55% of the Brazilian market over the past 6 months.

Bearish Signals:

The negative 0.01 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

As per the Du Pont analysis, Return on Equity is less than stellar at 5.3%. Also, this has deteriorated from 7.6% last year.

TODAY'S ALERTS

Afternoon Alert: B3 in 6th consecutive rise, nears two-month high

21 September 2018 13:10 BRT

B3 S.A (SA:B3SA3) extended its gains Friday, rising an additional 66.0 centavos (or 2.9%) to trade at R$23.33. The stock increased 0.63% on Wednesday and 1.48% on Thursday bringing its 6-day rise to 10.0%. It is now testing its 34-day high of R$23.33.

Morning Alert: B3 in 6th consecutive rise, nears two-month high

21 September 2018 11:10 BRT

B3 S.A (SA:B3SA3) extended its gains Friday, rising an additional 23.0 centavos (or 1.0%) to trade at R$22.90. The stock increased 0.63% on Wednesday and 1.48% on Thursday bringing its 6-day rise to 8.0%. It is now approaching its 34-day high of R$22.91.

RECENT ALERTS

CLOSING UPDATE: B3 keeps rising: up 6.9% in 5 days

20 September 2018 17:35 BRT

B3, Brazil's largest diversified financial services company by market capitalisation, extended its gains on Thursday, rising an additional 33.0 centavos (or 1.5%) to trade at R$22.67. The shares have risen R$1.47 (or 6.9%) over the past five trading days vs. the Brazil Index 50 which has risen 4.8% in the same period.

Afternoon Alert: B3 keeps rising: up 6.9% in 5 days

20 September 2018 13:09 BRT

B3 S.A (SA:B3SA3) extended its gains on Thursday, rising an additional 32.0 centavos (or 1.4%) to trade at R$22.66. Trading volume was 1.6 times average so far today. The shares have risen R$1.46 (or 6.9%) over the past five trading days vs. the Brazil Index 50 which has risen 4.7% in the same period.

B3 S.A (SA:B3SA3; SAO:B3SA3; BZ:B3SA3)

ISIN: BRB3SAACNOR6

PermID: 4298068046

Source: www.BuySellSignals.com