Shanghai stock report - China Southern Airlines - A Share
China Southern Airlines - A Share rises in 4 out of last 5 days August 18, 2017 15:30 CST
NEWS BITES - BRIC
China Southern Airlines Limited - A Share (SS:600029), Shanghai's 3rd largest Airline company by market cap, has increased 3.0 fen (0.4%). Compared with the SSE 180 Index which rose 13.9 points (0.2%) in the day, the relative price increase was 0.2%. The volume was 0.9 times the average daily trading volume of 66.5 million shares. The stock rose in four out of the last 5 trading days, for a 5-day rise of 2.8% to close at CNY8.42
CHINA SOUTHERN AIRLINES - A SHARE BULLISH SIGNALS
+ Revenue growth has shown signs of recovery in recent quarters. [Quarter ended, all figures in %]
|Qtr||Revenue Growth||Net Profit Growth||Net Profit Margin|
Uptrend: The stock rose on high volatility today and expanding price range.
+ Rises to Falls: in the past month the number of rises outnumbered falls 15:9 or 1.7:1.
+ In the last three months the stock has hit a new 52-week high four times, pointing to an uptrend.
+ The present value of CNY1,000 (PV1000) invested five years ago in China Southern Airlines - A Share is CNY2,464, including a capital gain of CNY1,313 and dividend reinvested of CNY151.
+ 5 years Multiplier in CNY = 2.464x
+ Compound Annual Growth Rate (CAGR) in CNY = 19.8%
Present Value of USD1,000 invested 5 years ago:
+ The present value of USD1,000 (PV1000) invested five years ago in China Southern Airlines - A Share is $US2,347, including a capital gain of $US1,203 and dividend reinvested of $US144.
+ 5 years ago USD 1 equalled CNY 6.3573
+ 5 years Multiplier in USD = 2.347x
+ Compound Annual Growth Rate (CAGR) in USD = 18.6%
Aug 18, 2017: USD 1 equals CNY 6.68
1.3 High Performance Indicators:
|Description||Value||Rank In Market|
|Today's Turnover||CNY511 million (US$76.5 million)||In Top 5%|
|Price/MAP200||1.08||In Top Quartile|
CHINA SOUTHERN AIRLINES - A SHARE BEARISH SIGNALS
+ The relative yield of the stock, defined by its yield of 1.2%, divided by average yield of dividend yielding stocks in the SSE 180 Index of 2.5% is 46.9%. This suggests the stock is overvalued in dividend yield terms.
+ The price decreased 0.8% in the last month.
2.3 Overbought/Bearish/Resistance Signals:
+ The stock is overbought according to the Williams % R indicator of -17.4, suggesting the price is close to its 14-day high of CNY8.54.
PRICE VOLUME DYNAMICS
+ Volume: there were 60,690,000 shares worth CNY511 million (US$76.5 million) traded today. In the past week, volume was 0.9 times average and the shares were up 2.8%. The volume was 0.9 times the average daily trading volume of 66.5 million shares.
+ China Southern Airlines - A Share is at a discount of 7.2% to its 12-month high of CNY9.07 on June 19. It is also at a premium of 26.4% to the 12-month low of CNY6.66 on December 15, 2016.
+ The present value of CNY1,000 (PV1000) invested one year ago in China Southern Airlines - A Share is CNY1,081, comprising a capital gain of CNY68 and dividend reinvested of CNY13.
|SSE 180 Index||1,017||999||1,126|
3.2 Moving Annual Return
|600029||Close (CNY)||Dividends (CNY)||Capital Gain / (Loss) %||% Yield||Annual Return %|
|1 Yr ago||7.88||0.08||(37.0)||0.6||(36.4)|
|2 Yrs ago||12.51||0.04||414.1||1.6||415.7|
|3 Yrs ago||2.43||0.04||(7.3)||1.5||(5.8)|
|4 Yrs ago||2.62||0.05||(27.9)||1.4||(26.5)|
3.3 Turnover Rate & Turnover Period:
+ The turnover rate in the 12 months to date was 156.2% (or a turnover period of 7 months). This average length of ownership of the stock at 0.5 times the average holding period of 1 year 3 months for stocks in the SSE 180 Index suggests a larger number of speculators on the share register, making it less safe for long-term investors.
3.4 Month-on-Month Comparison (Trailing Month - ended 17th)
|17 Aug||17 Jul||16 Jun||17 May||17 Apr||17 Mar|
|Price 17 Aug (CNY)||8.39||8.45||8.78||8||8.07||7.76|
|% Price Change||-0.7||-3.8||8.5||-0.9||3||5.5|
|Avg Daily Volume||66,578,320||73,314,642||75,530,242||76,216,402||97,192,697||79,777,882|
|Price Range (CNY)||7.85 - 8.57||8.18 - 8.53||8.61 - 8.8||7.97 - 8.17||7.87 - 8.13||7.72 - 7.88|
|Relative Price Change %||-1.7||-8.8||6.2||1||2.3||5.6|
PEER GROUP ANALYSIS & RANKING
4.1 Global Peer Group Analysis (all figures in USD)
|Name||Relative Str. (6 mo)||MCap||PV $1000 (1 yr)||Revenue||Net Profit||Total Assets|
|Air China- A Share||85||20.3B||1,189.2||16.4B||1B||31.4B|
|China Eastern Airlines - A Share||63||15.5B||1,059.0||14.6B||666.9M||29.1B|
|China Southern Airlines - A Share||78||12.7B||1,072.4||17B||549.2M||27.3B|
Global Peer Group Analysis (continued)
|Code||Country||Last Price||P/E||P/S||P/Book||Turnover Rate (%)||% Disc to 52-w Hi|
4.2 Global Rank [out of 47,594 stocks] and Rank in the Asia Region [out of 22,147 stocks]
|Description||Value||Global Rank||In Asia Region|
|Total Assets (US$)||27.3B||1,353||419|
|Net Profit (US$)||549.2M||1,577||459|
|Return on Equity %||9.9||12,959||6,798|
|Net Profit Margin %||4.5||18,289||9,908|
|PV$1000 (1Year) US$*||1,072||20,682||9,904|
|US$* Change (1Year) %||5.3||20,186||9,741|
* 1 year ago USD 1 = CNY 6.64
Aug 18, 2017: USD 1 equals CNY 6.68
4.3 Rank in the SSE 180 Index [out of 167 stocks], Rank in the Total Shanghai Market [out of 1300 stocks] and Rank in the Airlines sector [out of 5 stocks]
|Description||Value||In SSE 180 Index||In Total Shanghai Market||In Airlines sector|
|Total Assets (CNY)||186B||47||51||3|
|Net Profit (CNY)||3.7B||59||62||3|
|Return on Equity %||9.9||90||325||3|
|Net Profit Margin %||4.5||129||591||5|
4.4 Independent Ratings
China Southern Airlines Limited - A Share was ranked 32 in World Airline Awards list of Top 100 Airlines Companies in 2016; an improvement over a year from rank 36 in 2015.
It is the 544th largest by revenue in the Forbes Global 2000.
It is placed 273/905 in BSS News Bites' ranking of Shanghai performers in the past year, a percentile ranking of 70.
|Date||Value ( fen)||Type|
|26 Jul 2017||10||Cash|
|Tr 12 Months||10|
|01 Jul 2016||8||Cash|
|2015 - 2016||8|
|06 Aug 2015||4||Cash|
|2014 - 2015||4|
|31 Jul 2014||4||Cash|
|2013 - 2014||4|
|25 Jul 2013||5||Cash|
|2012 - 2013||5|
CHINA SOUTHERN AIRLINES - A SHARE PROFILE
China Southern Airlines Company provides commercial airline services throughout China, Hong Kong and Macau regions, Southeast Asia and other parts of the world. The Company conducts a portion of its airline operations through its airline subsidiaries, including Xiamen Airlines, Southern Airlines (Group) Shantou Airlines Company Limited (Shantou Airlines), Zhuhai Airlines Company Limited (Zhuhai Airlines), Guizhou Airlines Company Limited (Guizhou Airlines) and Chongqing Airlines (collectively, the Airline Subsidiaries).
6.2 Industry & Sector
|Classification Level||Name of Sector|
|Industry Group||Passenger Transportation Services|
6.3 Issued Capital
Based on 10,088,170,000 issued shares the market capitalisation is CNY84.9 billion (US$12.7 billion).
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July 24: China Southern Airlines - A Share: Announcement on Implementation of Rights and Interests Distribution for 2016
The Company implements the scheme of rights and interests distribution for 2016 as follows: a cash dividend of RMB0.1 (taxes included) per A share.
Record date: July 25, 2017
Ex-dividend date: July 26, 2017
Cash dividend payable date: July 26, 2017
July 07: China Southern Airlines - A Share: Announcement on Resolutions of Annual General Meeting of 2016
The Company held the Annual General Meeting of 2016 on June 30, 2017, which discussed and approved issues including the scheme of profit distribution for 2016, the engagement of external auditor and authorizing the directorate to decide upon its remuneration and the signing of the "Framework Agreement on Aircraft Financing Lease in 2nd Half of 2017" with China Southern Airlines International Financing Lease Co., Ltd.
July 04: China Southern Airlines - A Share announces dividend
China Southern Airlines - A Share today announced a cash dividend of 10.0 fen per share. The ex dividend date is Wednesday, July 26, 2017 and the record date is Tuesday, July 25, 2017 and it is payable on Wednesday, July 26.
June 29: China Southern Airlines - A Share: Announcement on Resolutions of 15th Session of 7th Directorate Meeting
The Company held the 15th session of the 7th directorate meeting on June 26, 2017, which discussed and approved issues including the "Proposal of Scheme of Non-public A Shares Issuance and Non-public H Shares Issuance", the "Proposal of Connected Transactions Involved in This Non-public A Shares Issuance and Non-public H Shares Issuance" and the "Proposal of Research Report on Feasibility Analysis of Usage of Funds Raised in Non-public A Shares Issuance".
May 24: China Southern Airlines - A Share: Notice of Convening Annual General Meeting of 2016
The Company's directorate decided to hold the Annual General Meeting of 2016 by way of combination of on-the-spot and online voting at 14:30 on June 30, 2017 to discuss issues including the audited consolidated financial statement in 2016, the profit distribution scheme of 2016 and the proposal of engaging external auditor and authorizing the directorate to decide on the remuneration.
Physical Address: 278 Ji Chang Road Guangzhou, Guangdong, 510405 China
State/Province/Country: GNG, China
Country of Incorporation: China
Exchange: Shanghai Stock Exchange (SSE)
SS:600029; SHA:600029; CH:600029; 600029.SS
China Southern Airlines Co Ltd