Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Islamic Bank down 3.1% in 2 days 14 June 2018 13:24 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).

Qatar Islamic Bank, Qatar's 2nd largest bank by market capitalisation, extended its slide on Thursday, shedding an additional QAR2.14 (or 1.8%) to trade at QAR118.34. Trading volume was 6.8 times average at the end of the day. The shares have fallen QAR3.74 (or 3.1%) over the past two trading days vs. the QE Index which has fallen 0.7% in the same period.

Technical indicators complementing today's significant downtrend:

+ The price dropped 3.6% in the last week.

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

Overvaluation:

+ Price/Earnings of 12.7 [10.9]

+ Return on Equity 2.0% [7.7%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 2.0%. Also, this has deteriorated from 2.1% last year.

Note

Bullish Signals:

The positive 3.52 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.9% discount to 12-month high of QAR124.49 against the 43.1% premium to 12-month low of QAR82.67 suggests the stock continues to push for new highs.

In the last three months the stock has hit a new 52-week high eighteen times, pointing to a significant uptrend.

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 stocks by value of Q Ratio.

Net profit margin has averaged 43.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

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

Undervaluation:

Price/Earnings/Growth of 1.04 [1.7]

Price to Book of 0.3 [0.9]

Dividend yield of 4.2% [3.4%]

Year-on-Year Earnings Growth of 8.9% [6.5%]

TODAY'S ALERT

Morning Alert: Qatar Islamic Bank decreases 0.6% on robust volume

14 June 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) traded on heavy volume of 1.6 times average so far today while the price decreased 73.0 Dirham (or 0.6%) to trade at QAR119.75.

RECENT ALERTS

CLOSING UPDATE: Qatar Islamic Bank decreases further 1.1% on extraordinary volume

13 June 2018 13:25 AST

Qatar Islamic Bank, Qatar's 2nd largest bank by market capitalisation, traded on heavy volume of 4.8 times average today while the price decreased QAR1.60 (or 1.3%) to trade at QAR120.48. Compared with the QE Index which fell 1.2 points (or 0.01%) in the day, this represented a relative price change of -1.3%.

Morning Alert: Qatar Islamic Bank decreases 0.2%

13 June 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) traded on volume of 1.0 times average so far today while the price decreased 25.0 Dirham (or 0.2%) to trade at QAR121.83.

Qatar Islamic Bank (QA:QIBK; QD:QIBK)

ISIN: QA0006929853

PermID: 4295886959

Source: www.BuySellSignals.com