NEWS BITES ASIAN MARKETS
Manila Mining Corporation (PH:MA), the 8th largest mining company by market capitalisation in the Philippines', dropped 0.30 centavo (or 4.7%) to close at 6.10 centavo. Compared with the PSEi Index, which rose 74.2 points (or 1.1%) on the day, this was a relative price change of -5.8%. The volume was 0.4 times the average trading of 353.7 million shares.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- The Price to Book of 2.9 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 and a forward year Price to Book of 1.3.
Bearish Signals:
Valuation
- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 2.7. 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 177 stocks traded today, the stock has a 6-month relative price strength of 35 (it has underperformed 65% 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 127,750,000 shares worth PHP7.8 million (US$190,922.4) traded.
% Discount to high: it is at a discount of 26.5% to the 12-month high of 8.30 centavo (traded on 13 Mar, 2012).
% Premium to low: it is at a premium of 29.8% 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 PHP782 [vs PHP1,362 for the PSEi Index], for a capital loss of PHP218. The total return to shareholders for 1 year is -21.8%.
PV1000 | 1-week | 1-month | 1-year |
MA.PH | PHP968 | PHP953 | PHP782 |
Oversold/Bullish/Support Signals
- The stock is oversold according to the Williams % R indicator of -83.3, suggesting the price is close to its 14-day low.
Description | Value | Rank In Market |
MCap | US$180.7 million | In 2nd Quartile |
Williams %R | -83.3 | Bullish |
Volatility % | 4.9 | In Bottom Quartile |
Price Change % | -4.7 | In Bottom 3% |
DOWNTREND
- The stock continues its significant downtrend. Today it dropped further.
- The stock dropped 4.7% on high volatility today.
- In the Philippines market of 177 stocks traded today, the stock's relative price strength percentile is slipping at 35 for 6 months, 27 for 3 months and 20 for 1 month.
- The price fell 3.2% in the last week and dropped 4.7% in the last month.
COMPANY ANNOUNCEMENTS
The last 7 company announcements are:
February 11: Manila Mining: Certification from Mines and Geosciences Bureau
