Qatari stock alert

QATAR

CLOSING UPDATE: Ezdan Holding keeps sliding: down 4.5% in 3 days 18 October 2017 13:23 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).

Ezdan Holding, Qatar's largest real estate company by market capitalisation, extended its slide on Wednesday, shedding an additional 36.0 Dirham (or 3.9%) to trade at QAR8.96. Trading volume was 40% of average at the end of the day. The shares have fallen 42.0 Dirham (or 4.5%) over the past three trading days vs. the QE Index which has fallen 2.4% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.53 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ In the last one month the stock has hit a new 52-week low six times and in the last three months eight times, pointing to a significant downtrend.

+ The price plummeted 17.0% in the last month.

+ The present value of QAR1,000 invested one year ago is QAR559 [vs QAR777 for the QE Index].

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

Overvaluation:

+ Price/Earnings of 13.2 [10.0]

+ Price to Book of 0.8 [0.7]

+ Dividend yield of 5.6% [6.7%]

+ Return on Equity 6.0% [6.9%]

+ Return on Assets 3.6% [4.1%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 6.0%. Also, this has deteriorated from 8.2% last year.

Note

Bullish Signals:

Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

TODAY'S ALERT

Morning Alert: Ezdan Holding keeps sliding: down 3.5% in 3 days

18 October 2017 10:06 AST

Ezdan Holding Group QSC (QE:ERES) extended its slide on Wednesday, shedding an additional 27.0 Dirham (or 2.9%) to trade at QAR9.05. The shares have fallen 33.0 Dirham (or 3.5%) over the past three trading days vs. the QE Index which has fallen 1.5% in the same period.

Ezdan Holding Group QSC (QA:ERES; QD:ERES)

ISIN: QA000A0NE8B4

PermID: 4295886954

Source: www.BuySellSignals.com