CLOSING UPDATE: China Construction Bank - H Shares decreases 0.8%, led market lower 18 October 2019

NEWS BITES - BRIC

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

China Construction Bank - H Shares, Hong Kong's largest bank by market capitalisation, has decreased 0.8% to trade at HKD6.26 vs. the Hang Seng which weakened 128.9 points (or 0.5%) to 26,719.6. Representing a weighting of about 8.7% of the index, the stock accounted for 14.4% of today's loss. Trading volume was 1.4 times average at the end of the day. Compared with the Hang Seng which fell 128.9 points (or 0.5%) in the day, this represented a relative price change of -0.3%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low thrice.

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

Overvaluation:

+ Price/Earnings/Growth of 1.36 [0.5]

+ Price to Book of 0.7 [0.3]

+ Return on Capital Employed 1.4% [2.1%]

Note

China Construction Bank - H Shares today is at a discount of 8.4% to the 12-month high of HKD6.84 on 17 Apr, 2019. It is at a premium of 12.8% to the 12-month low of HKD5.55 on 15 Aug, 2019.

Bullish Signals:

The positive 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

In the Hong Kong market, the stock's relative price strength percentile is improving at 72 for 6 months, 75 for 3 months and 81 for 1 month.

The price lifted 2.1% in the last week and climbed 4.3% in the last month.

As per the Du Pont analysis, Return on Equity of 12.8% is better than sector average of 11.8%.

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

Undervaluation:

Return on Assets 1.1% [0.9%]

TODAY'S ALERT

Morning Alert: China Construction Bank - H Shares keeps rising: up 6.8% in 9 days

Friday October 18, 2019 10:19 HKT

China Construction Bank Corporation (HK:00939) extended its gains on Friday, rising an additional 1.0c (or 0.2%) to trade at HKD6.32. Trading volume was 48% of average so far today.

RECENT ALERTS

CLOSING UPDATE: China Construction Bank - H Shares keeps rising: up 6.6% in 8 days

Thursday October 17, 2019 18:04 HKT

China Construction Bank - H Shares, Hong Kong's largest bank by market capitalisation, extended its gains on Thursday, rising an additional 3.0c (or 0.5%) to trade at HKD6.31. Trading volume was 1.2 times average at the end of the day.

Afternoon Alert: China Construction Bank - H Shares in 8th consecutive rise, nears five-month high

Thursday October 17, 2019 13:28 HKT

China Construction Bank Corporation (HK:00939) extended its gains Thursday, rising an additional 2.0c (or 0.3%) to trade at HKD6.30. The stock increased 0.64% on Tuesday and 0.32% on Wednesday bringing its 8-day rise to 6.4%. It is now approaching its 96-day high of HKD6.31.

China Construction Bank Corporation (HK:00939)

ISIN: CNE1000002H1

PermID: 55838741041

Source: www.BuySellSignals.com