Israeli stock alert

ISRAEL

CLOSING UPDATE: Shikun & Binui up 6.9% in 2 days 17 June 2018 18:47 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Israel market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Shikun & Binui, Israel's 12th largest real estate and construction company by market capitalisation, extended its gains on Sunday, rising an additional 35.0 agorot (or 5.1%) to trade at NIS7.15. Trading volume was 1.2 times average at the end of the day. The shares have risen 46.0 agorot (or 6.9%) over the past two trading days vs. the TA-25 Index which has risen 0.05% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price jumped 7.5% in the last week and soared 20.1% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Price/Sales of 1.6 [2.5]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

Note

Shikun & Binui today is at a discount of 24.7% to the 12-month high of NIS9.49 on 04 Jul, 2017. It is at a premium of 45.9% to the 12-month low of NIS4.90 on 03 Apr, 2018.

The stock has underperformed 59% of the Israel market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

As per the Du Pont analysis, Return on Equity is less than stellar at 3.6%. Also, this has deteriorated from 5.2% last year.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Earnings of 47.7 [14.4]

Price to Book of 1.6 [1.2]

Return on Equity 3.6% [8.0%]

Return on Assets 0.5% [2.1%]

Return on Capital Employed 1.3% [5.3%]

TODAY'S ALERTS

Afternoon Alert: Shikun & Binui climbs 5.1%, leads Real estate and construction sector higher

17 June 2018 14:10 IDT

Shikun & Binui Ltd. (TASE:SKBN) has climbed 5.1% to trade at NIS7.15 vs. the Real estate and construction sector which strengthened 2.5 points (or 0.3%) to 829.1. Representing a weighting of about 2.5% of the sector, the stock accounted for 43.0% of today's gain. The shares have outperformed 94% of the market in the past week. Trading volume was 1.3 times average so far today.

Afternoon Alert: Shikun & Binui in 2nd consecutive rise, nears five-month high

17 June 2018 12:10 IDT

Shikun & Binui Ltd. (TASE:SKBN) extended its gains Sunday, rising an additional 15.40 agorot (or 2.3%) to trade at NIS6.95. The stock increased 1.64% on Thursday bringing its 2-day rise to 3.9%. It is now approaching its 108-day high of NIS7.03.

RECENT ALERT

Afternoon Alert: Shikun & Binui climbs 4.6% - outperforming 82% of stocks

14 June 2018 14:11 IDT

Shikun & Binui Ltd. (TASE:SKBN) has climbed 31.0 agorot (or 4.6%) today to trade at NIS7.0 and has outperformed 82% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Shikun & Binui Ltd. (TV:SKBN; TLV:SKBN; TA:SKBN; TA:SKBN; IT:SKBN)

ISIN: IL0010819428

PermID: 4295875106

Source: www.BuySellSignals.com