Qatari stock alert

QATAR

CLOSING UPDATE: Widam Food decreased 1.5% 26 July 2017 13:22 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

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

Widam Food, Qatar's largest consumer products company by market capitalisation, traded on volume of 0.7 times average today while the price decreased QAR1.0 (or 1.5%) to trade at QAR64.50. Compared with the QE Index which rose 4.7 points (or 0.05%) in the day, this represented a relative price change of -1.6%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low twice.

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

Overvaluation:

+ Price/Earnings/Growth of 0.69 [0.4]

Other Bearish Signals include:

+ Tobin's Q Ratio is 2.2. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Note

Widam Food today is at a discount of 6.9% to the 12-month high of QAR69.25 on 29 Jan, 2017. It is at a premium of 32.9% to the 12-month low of QAR48.55 on 06 Jun, 2017.

Bullish Signals:

The positive 1.85 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 88% of the Qatar market over the past 6 months.

The price lifted 2.2% in the last week and soared 20.6% in the last month.

The company is cash rich with Cash to Market Capitalisation at 23.8%.

Net profit margin has averaged 16.7% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity is high at 30.3%. Also, this has improved from 25.9% last year.

TODAY'S ALERT

Morning Alert: Widam Food in 3rd consecutive rise, nears four-month high

26 July 2017 10:06 AST

Widam Food Company (QE:WDAM) extended its gains Wednesday, rising an additional 80.0 Dirham (or 1.2%) to trade at QAR66.30. The stock increased 1.29% on Monday and 3.97% on Tuesday bringing its 3-day rise to 6.6%. It is now testing its 92-day high of QAR66.30.

RECENT ALERTS

CLOSING UPDATE: Widam Food continues significant uptrend, lifted further 3.3%

25 July 2017 13:22 AST

Widam Food, Qatar's largest consumer products company by market capitalisation, continued its significant uptrend and lifted QAR2.50 (or 4.0%) to trade at QAR65.50 today. Compared with the QE Index which rose 19.8 points (or 0.2%) in the day, this represented a relative price increase of 3.8%.

Morning Alert: Widam Food continues significant uptrend, increases 0.6%

25 July 2017 10:06 AST

Widam Food Company (QE:WDAM) continued its significant uptrend and increased 40.0 Dirham (or 0.6%) to trade at QAR63.40 today.

Widam Food Company (QA:WDAM; QD:WDAM)

ISIN: QA000A0KD6N7

PermID: 4295886951

Source: www.BuySellSignals.com