NEWS BITES ASIAN MARKETS
Manila Mining Corporation (PH:MA), Philippines' 8th largest mining company by market capitalisation, climbed 0.30 centavo (or 4.9%) in the trailing week to close at 6.40 centavo. Compared with the PSEi Index which fell 22.8 points (or 0.3%) in the week, this represented a relative price change of 5.3%. The volume was 1.1 times average trading per week of 1,777,616,400 shares. In the past week the market capitalisation has climbed PHP362.8 million.
LONG-TERM RATING (FUNDAMENTALS)
Earning Yield % | 0.1 |
% Prem to Low | 36.2 |
Price/NTA | 3.1x |
% Disc to High | 22.9 |
SHORT-TERM RATING (TECHNICAL)
Significantly its price of 6.40 centavo is at a premium of 4% to its 200-day moving average price of 6.16 centavo. Its 52-week range has been 8.30 centavo to 4.70 centavo; it is trading at a discount of 22.9% to its 52-week high and a premium of 36.2% to its 52-week low. PHP1,000 invested a week ago is now worth PHP1,049 of which PHP49 is a capital gain.
Recommended stop loss: 5.92 centavo
1-week price change (%) | 4.9 |
P/EMAP50 | 1.02 |
Present Value PHP1000 (1 year) | 831 |
Relative Strength (6M) | 36.6 |
1-month price change (%) | -1.5 |
RELATIVE VALUATION INDICATORS - RVI - FUNDAMENTAL ANALYSIS
The stock meets the following value criteria set by Benjamin Graham:
-"Current ratio of two or more"; current assets are 3.63 times current liabilities.
RELATIVE VALUATION INDICATORS - RVI - TECHNICAL ANALYSIS
Bullish Signals:- The price climbed 4.9% in the last week.
- This was on volume of 1.1 times average for week.
- The price to 50-day EMAP ratio is 1.02, a bullish indicator. In the past 50 days this ratio has exceeded 1.02, 24 times suggesting further upside.
Bearish Signals:
- The price weakened 1.5% in the last month.
- In the Philippines market of 180 stocks traded today, the stock has a 6-month relative strength of 37 which means it has underperformed 63.0% of the market.
SHAREHOLDER RETURNS
Trailing five weeks: the stock fell nine times (35% of the time), was unchanged eight times (31% of the time) and rose eight times (31% of the time). The volume was 0.9 times average trading of 9,243,605,280 shares. The value of PHP1,000 invested five weeks ago is PHP970 [vs PHP1,077 for the PSEi Index] for a capital loss of PHP30.
Trailing thirteen weeks: the stock was unchanged twenty two times (35% of the time), rose twenty one times (34% of the time) and fell eighteen times (29% of the time). The volume was 0.5 times average trading of 22,042,443,360 shares. The value of PHP1,000 invested thirteen weeks ago is PHP1,103 [vs PHP1,178 for the PSEi Index] for a capital gain of PHP103.
Trailing Two Years: the value of PHP1,000 invested two years ago is PHP1,882 [vs PHP1,760 for the PSEi Index] for a capital gain of PHP882.
PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraweek low of 6.10 centavo and a three-week high of 6.60 centavo.
Volume and turnover period: there were 1,952,440,000 shares worth PHP125.8 million (US$3.1 million) traded. The turnover rate in the 12 months to date was 73.5% (or a turnover period of 1 year 4 months).
% Discount to high: the last price is at a discount of 22.9% to the 12-month high of 8.30 centavo a year ago on 13 Mar, 2012.
% Premium to low: the last price is at a premium of 36.2% to the 12-month low of 4.70 centavo five months ago on 10 Oct, 2012.
Volume weighted price (VWP): the price is at a premium of 2.2% to the 3-month volume weighted average price (VWP) of 6.26 centavo. Given that this premium has exceeded 2.2% eleven times and b
