NEWS BITES ASIAN MARKETS
Manila Mining Corporation (PH:MA), the 8th largest mining company by market capitalisation in the Philippines', was unchanged after hitting the lower Bollinger Band three times 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 6.40 centavo. Compared with the PSEi Index, which fell 4.7 points (or 0.1%) on the day, this was a relative price change of 0.1%.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- The Price to Book of 3.1 is lower than the average of 4.2 for the Mining sector and 3.4 for the Total Philippine Market. We estimate the shares are trading at a current year Price to Book of 2.1 and a forward year Price to Book of 1.4.
Bearish Signals:
Valuation
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.8. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.
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% |
Earnings Yield % | 0.1 | In Bottom 1% |
RELATIVE VALUATION INDICATORS [RVI] TECHNICALS
- In the Philippines market of 178 stocks traded today, the stock has a 6-month relative price strength of 39 (it has underperformed 61% of the market).
Beta: The Beta of this stock is 0.9. 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 57,910,000 shares worth PHP3.7 million (US$91,173.5) traded. The volume was 0.2 times the average trading of 354.5 million shares.
% Discount to high: it is at a discount of 22.9% to the 12-month high of 8.30 centavo (traded on 13 Mar, 2012).
% Premium to low: it is at a premium of 36.2% 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 PHP800 [vs PHP1,352 for the PSEi Index], for a capital loss of PHP200. The total return to shareholders for 1 year is -20.0%.
PV1000 | 1-week | 1-month | 1-year |
MA.PH | PHP1,049 | PHP1,000 | PHP800 |
Description | Value | Rank In Market |
MCap | US$190.4 million | In 2nd Quartile |
Volatility % | 1.6 | In Top Quartile |
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
February 11: Manila Mining: Certification from Mines and Geosciences Bureau
[News Story] http://www.buysellsignals.net/BuySellSignals/report/Phillipines/Stock/News/10073.pdf Source: Philippines Stock Exchange
January 28: Manila Mining: Appointment of officer
[News Story] http://www.buysellsignals.net/BuySellSignals/report/Phillipines/Stock/News/9693.pdf Source: Philippines Stock Exchange
January 22: Manila Mining: Statement of Changes in Beneficial Ownership of Securities
