NEWS BITES ASIAN MARKETS
Manila Mining Corporation (PH:MA), the 7th largest mining company by market capitalisation in the Philippines', rose 0.10 centavo (or 1.6%) to close at 6.20 centavo. Compared with the PSEi Index, which rose 123.5 points (or 1.8%) on the day, this was a relative price change of -0.2%. The volume was 0.2 times the average trading of 352.5 million shares.
RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTALS
Bullish Signals:
Valuation
- The Price to Book of 3 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 1.4.
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
- The price weakened 1.6% in the last week and fell 3.1% in the last month.
- In the Philippines market of 182 stocks traded today, the stock has a 6-month relative price strength of 36 (it has underperformed 64% 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 66,040,000 shares worth PHP4.1 million (US$100,314.8) traded.
% Discount to high: it is at a discount of 25.3% to the 12-month high of 8.30 centavo (traded on 13 Mar, 2012).
% Premium to low: it is at a premium of 31.9% 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 PHP795 [vs PHP1,404 for the PSEi Index], for a capital loss of PHP205. The total return to shareholders for 1 year is -20.5%.
PV1000 | 1-week | 1-month | 1-year |
MA.PH | PHP984 | PHP969 | PHP795 |
Description | Value | Rank In Market |
MCap | US$183.7 million | In 2nd 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
[News Story] http://www.buysellsignals.net/BuySellSignals/report/Phillipines/Stock/News/9463.pdfManila
