NEWS BITES ASIAN MARKETS
Manila Mining Corporation "B" (PH:MAB), the 8th largest mining company by market capitalisation in the Philippines', was unchanged after hitting the lower Bollinger Band twice in the last ten days. This is a bullish signal. The lower Bollinger Band marks the trajectory of support on a stock price. The stock price closed unchanged at 6.50 centavo. Compared with the PSEi Index, which fell 14.4 points (or 0.2%) on the day, this was a relative price change of 0.2%.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- The Price to Book of 2.1 is lower than the average of 4.2 for the Mining sector and 3.3 for the Total Philippine Market. We estimate the shares are trading at a current year Price to Book of 1.4 and a forward year Price to Book of 1.
- The company is cash rich with Cash to Market Capitalisation at 10.1%
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 1.9. Compared with the rest of the market the stock is undervalued.
Bearish Signals:
Performance
- Return on Equity of 0.2% versus sector average of 20.0% and market average of 12.7%.
- Return on Assets of 0.2% versus sector average of 13.4% and market average of 3.7%.
Description | Value | Rank In Market |
Return on Equity [ROE] % | 0.2 | In Bottom 1% |
Return on Assets [ROA] % | 0.2 | In Bottom 1% |
RELATIVE VALUATION INDICATORS [RVI] TECHNICALS
- Compared with the PSEi Index which fell 0.5% for the week, this represented a relative price decrease of 3.9% for the week.
- In the Philippines market of 181 stocks traded today, the stock has a 6-month relative price strength of 36 (it has underperformed 64% of the market).
Beta: The Beta of this stock is 0.7. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.
Volume: there were 8,750,000 shares worth PHP568,750 (US$13,934.4) traded. The volume was 0.1 times the average trading of 120.6 million shares.
% Discount to high: it is at a discount of 23.5% to the 12-month high of 8.50 centavo (traded on 13 Mar, 2012).
% Premium to low: it is at a premium of 38.3% to the 12-month low of 4.70 centavo (traded on 10 Oct, 2012).
- The present value of PHP1,000 (PV1000) invested one year ago is PHP802 [vs PHP1,402 for the PSEi Index], for a capital loss of PHP198. The total return to shareholders for 1 year is -19.8%.
PV1000 | 1-week | 1-month | 1-year |
MAB.PH | PHP956 | PHP956 | PHP802 |
Oversold/Bullish/Support Signals
- The Relative Strength Index (RSI) of 27.3 has breached the oversold line of 30, suggesting the price decrease in the last 14 days is unusually high.
Description | Value | Rank In Market |
MCap | US$128.3 million | In 3rd Quartile |
RSI | 27.3 | Bullish |
ISIN: PHY5764P1105
PH:MAB; PS:MAB; PM:MAB;
Source: www.BuySellSignals.com
