NEWS BITES ASIAN MARKETS
Cal-Comp Electronics (Thailand) Public Co., Ltd. (SET:CCET), Thailand's largest Electronic Components company by market capitalisation, gained 16.0 satang (or 4.4%) to THB3.78 in the month ending February 28, ending a two-month streak of losses. Compared with the SET100 Index which rose 76.6 points (or 3.5%) in the month, this represented a relative price change of 0.9%. The volume was 402.3 times average trading of 2,158,100 shares.
Price Change % | 1-month | 6-month | 3-year |
CCET | 4.42% | 38.97% | 26% |
Electronic Components | 7.34% | 35.05% | |
SET100 | 3.5% | 23.72% |
TECHNICAL ANALYSIS
Downtrend
Price Volume Trend: the price dropped 4.5% in the last week. This has been exacerbated by extraordinary volume 10.8 times average for the week.
Relativities: its percentile rank in the Thai market was 53 for the month. In the Thai market of 487 stocks traded today, the stock has a 6-month relative strength of 58 which means it has outperformed 58% of the market.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intra-month low of THB3.56 and a high of THB4.0.
Moving average price (MAP): the price to 200-day MAP ratio is 1.31, a bullish indicator. In the past 200 days this ratio has exceeded 1.31 sixteen times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of THB3.50 is higher than the 200-day MAP of THB2.88, a bullish indicator. The 200-day MAP has increased to THB2.88. An increase is another bullish indicator. In the last nine months the number of rises outnumbered falls 10:2 or 5:1.
Volume and turnover period: there were 893,927,405 shares worth THB3.4 billion (US$113.1 million) traded.
% Discount to high: the last price is at a discount of 5.5% to the 12-month high of THB4.0 seven-days ago on 21 Feb, 2013.
Volume weighted price (VWP): the price is at a premium of 9.2% to the 6-month volume weighted average price of THB3.46. In the past year the premium has been greater than 9.2% just nine times, suggesting a topish level and cautious buying at the current price.
THIS MONTH'S PRICE PERFORMANCE RANK IN INDICES AND SECTORS
The stock is in 3 indices and 2 sectors.
The following index and sectors rose setting the trend for its rise of 4.4% for the month (rank by percentage price change of stock for 1 month;12 months in sector/index in brackets):
Electronic Components sector (rank 7;4 out of 11 stocks) which was up 117.6 points or 7.3% to 1,719.6,
SET100 Index (rank 48;53 out of 93 stocks) which was up 76.6 points or 3.5% to 2,267.3,
Total Thai Market (rank 244;270 out of 487 stocks and 19 units) which was up 55.1 points or 3.3% to 1,723.
The Electronic Components company sector is the 16th largest by market capitalisation out of Thailand's 27 sectors. It is made up of 11 publicly listed companies with a combined market capitalisation of THB110.2 billion (US$3.7 billion). In 2011 earnings for the sector fell 79.6% compared with those of 2010. The main players in the sector include Delta Electronics (Thailand), Hana Microelectronics, Cal-Comp Electronics (Thailand) and SVI.
Percentile Rank | 1-month | 6-month | 1-year |
CCET | 53 | 58 | 43 |
Electronic Components | 57 | 56 | 43 |
SET100 | 45 | 47 | 36 |
RELATIVE VALUATION INDICATORS [RVI]
Cal-Comp Electronics (Thailand) vs Electronic Components sector [Electronic Components sector Average in Brackets]
