NEWS BITES ASIAN MARKETS
Getac Technology (TWSE:3005), Taiwan's 26th largest computer and peripheral equipment company by market capitalisation, rose 15.0c (or 1.0%) in the trailing week to close at TWD14.90. Compared with the FTSE TWSE Taiwan 50 Index which rose 3.8 points (or 0.1%) in the week, this represented a relative price change of 1.0%. The volume was 0.3 times average trading per week of 60,151,840 shares. In the past week the market capitalisation has rose TWD57.2 million.
LONG-TERM RATING (FUNDAMENTALS)
The company paid a dividend of 69.91c in the last twelve months. The dividend yield is high at 4.7%.
Price/Sales | 0.5x |
Yield % | 4.7 |
Price/Earnings | 16.8x |
Earning Yield % | 5.9 |
Price/NTA | 0.7x |
% Disc to High | 48.4 |
% Prem to Low | 17.8 |
SHORT-TERM RATING (TECHNICAL)
Significantly its price of TWD14.90 is at a discount of 21% to its 200-day moving average price of TWD18.86. Its 52-week range has been TWD28.85 to TWD12.65; it is trading at a discount of 48.4% to its 52-week high and a premium of 17.8% to its 52-week low. TWD1,000 invested a week ago is now worth TWD1,010 of which TWD10 is a capital gain.
Recommended stop loss: TWD13.78
1-week price change (%) | 1.02 |
Present Value TWD1000 (1 year) | 923 |
Relative Strength (6M) | 1.5 |
P/EMAP50 | 0.97 |
1-month price change (%) | -1.3 |
RELATIVE VALUATION INDICATORS - RVI - FUNDAMENTAL ANALYSIS
The stock meets the following value criterion set by Benjamin Graham:
-"A P/E ratio down to less than four-tenth of the highest average P/E ratio the stock attained in the most recent five years"; the P/E of 16.8 is 0.29 times the highest average P/E of 58.0 reached on Aug 29, 2012.
-"Total debt less than tangible book value"; total debt of TWD3.8 billion (US$128 million) is less than tangible book value of TWD11.9 billion.
-"Total debt equal or less than twice the net quick liquidation value"; total debt of TWD3.8 billion (US$128 million) is 0.47 times the net liquidation value of TWD8.1 billion.
RELATIVE VALUATION INDICATORS - RVI - TECHNICAL ANALYSIS
Bullish Signals:
- The price rose 1.0% in the last week.
- Compared with the FTSE TWSE Taiwan 50 Index which rose 0.1% for the week, this represented a relative price increase of 1.0% for the week.
Bearish Signals:
- The price dipped 1.3% in the last month.
- In the Taiwanese market of 1,342 stocks traded today, the stock has a 6-month relative strength of 1 indicating it is trailing 99.0% of the market.
- The price to 50-day EMAP ratio is 0.97. In the past 200 days this ratio has been under 0.97 25 times suggesting downside. The 50-day EMAP has decreased to TWD15.40. A decrease is another bearish indicator.
SHAREHOLDER RETURNS
Trailing five weeks: the stock fell ten times (43% of the time), rose eight times (35% of the time) and was unchanged four times (17% of the time). The volume was 0.3 times average trading of 345,873,080 shares. The value of TWD1,000 invested five weeks ago is TWD977 [vs TWD1,038 for the FTSE TWSE Taiwan 50 Index] for a capital loss of TWD23.
Trailing thirteen weeks: the stock rose twenty seven times (44% of the time), fell twenty six times (43% of the time), was unchanged six times (10% of the time) and was untraded once (2% of the time). The volume was 0.4 times average trading of 902,277,600 shares. The value of TWD1,000 invested thirteen weeks ago is TWD980 [vs TWD1,038 for the FTSE TWSE Taiwan 50 Index] for a capital loss of TWD20.
