Brazilian stock alert
CLOSING UPDATE: QGEP Participacoes up 11.3% in 2 days 20 June 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).
QGEP Participacoes, Brazil's 3rd largest oil & gas company by market capitalisation, extended its gains on Wednesday, rising an additional 81.0 centavos (or 6.3%) to trade at R$13.60. Trading volume was 1.3 times average at the end of the day. The shares have risen R$1.38 (or 11.3%) over the past two trading days vs. the Brazil Index 50 which has risen 3.3% in the same period.
Technical indicators complementing today's significant uptrend:
+ The positive 0.12 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The stock has outperformed 94% of the Brazilian market over the past 6 months.
+ In the last one month the stock has hit a new 52-week high thrice and in the last three months eleven times, pointing to a significant uptrend.
+ The price soared 11.3% in the last week and lifted 2.5% in the last month.
+ The present value of BRL1,000 invested one year ago is R$2,732 [vs R$1,187 for the Brazil Index 50].
Other Bullish Signals include:
+ The company is cash rich with Cash to Market Capitalisation at 32.1%.
+ Total Liabilities/EBITDA of 4.7 is less than the Joseph Piotroski benchmark of <5.
+ Tobin's Q Ratio is 1. Compared with the rest of the market the stock is undervalued.
+ Net profit margin has averaged 29.9% in the last 3 years. This is considered superior and suggests a high margin of safety.
The 0.6% discount to 12-month high of R$13.68 against the 141.6% premium to 12-month low of R$5.63 suggests the climb might be peaking.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price to Book of 1.8 [0.5]
Afternoon Alert: QGEP Participacoes up 10.7% in 2 days
20 June 2018 13:07 BRT
QGEP Participacoes SA (SA:QGEP3) extended its gains on Wednesday, rising an additional 74.0 centavos (or 5.8%) to trade at R$13.53. The shares have risen R$1.31 (or 10.7%) over the past two trading days vs. the Brazil Index 50 which has risen 2.6% in the same period.
Morning Alert: QGEP Participacoes up 9.2% in 2 days
20 June 2018 11:10 BRT
QGEP Participacoes SA (SA:QGEP3) extended its gains on Wednesday, rising an additional 56.0 centavos (or 4.4%) to trade at R$13.35. Trading volume was 33% of average so far today. The shares have risen R$1.13 (or 9.2%) over the past two trading days vs. the Brazil Index 50 which has risen 3.0% in the same period.
Afternoon Alert: QGEP Participacoes climbs 5.5% - outperforming 81% of stocks
19 June 2018 13:08 BRT
QGEP Participacoes SA (SA:QGEP3) has climbed 67.0 centavos (or 5.5%) today to trade at R$12.89 and has outperformed 81% of the market in the past month. A price rise combined with a high relative strength is a bullish signal.
QGEP Participacoes SA (SA:QGEP3; SAO:QGEP3; BZ:QGEP3)