Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Insurance decreases 0.7% - underperforming 95% of stocks 18 January 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 Insurance, Qatar's largest insurance company by market capitalisation, has decreased 40.0 Dirham (or 0.7%) today to trade at QAR55.06 and has underperformed 95% of the market in the past week. Compared with the QE Index which rose 35.2 points (or 0.4%) in the day, this represented a relative price change of -1.1%.

Technical indicators complementing today's significant downtrend:

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

+ The price tumbled 7.0% in the last week.

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

Overvaluation:

+ Price to Book of 1.9 [1.3]

+ Dividend yield of 2.7% [3.0%]

Note

Qatar Insurance today is at a discount of 30.6% to the 12-month high of QAR79.34 on 24 Jan, 2017. It is at a premium of 49.2% to the 12-month low of QAR36.90 on 03 Dec, 2017.

Bullish Signals:

The positive 2.56 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The company is cash rich with Cash to Market Capitalisation at 45.6%.

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

As per the Du Pont analysis, Return on Equity of 12.4% is better than sector average of 4.5%.

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

Undervaluation:

Price/Earnings of 13.5 [15.2]

Return on Equity 12.4% [4.5%]

Return on Assets 3.6% [3.3%]

TODAY'S ALERT

Morning Alert: Qatar Insurance decreases 0.8%, leads Insurance index lower

18 January 2018 10:06 AST

Qatar Insurance (QE:QATI) has decreased 0.8% to trade at QAR55.01 vs. the Insurance index which weakened 22.7 points (or 0.6%) to 3,614.4. Representing a weighting of about 71.2% of the index, the stock accounted for 91.7% of today's loss. The shares have underperformed 96% of the market in the past week. Trading volume was 21% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Qatar Insurance decreases 1.8%, led Insurance index lower

17 January 2018 13:24 AST

Qatar Insurance, Qatar's largest insurance company by market capitalisation, has decreased 1.8% to trade at QAR55.46 vs. the Insurance index which weakened 30.9 points (or 0.8%) to 3,637.1. Representing a weighting of about 71.4% of the index, the stock accounted for the loss. The shares have underperformed 95% of the market in the past week. Trading volume was 1.7 times average at the end of the day. Compared with the QE Index which fell 20.9 points (or 0.2%) in the day, this represented a relative price change of -1.5%.

Morning Alert: Qatar Insurance lifts 2.0%, leads Insurance index higher

17 January 2018 10:06 AST

Qatar Insurance (QE:QATI) has lifted 2.0% to trade at QAR57.61 vs. the Insurance index which strengthened 63.0 points (or 1.7%) to 3,731.0. Representing a weighting of about 72.2% of the index, the stock accounted for 85.4% of today's gain. The shares have outperformed 88% of the market in the past three months. Trading volume was 1.3 times average so far today.

Qatar Insurance (QA:QATI; QD:QATI)

ISIN: QA0006929838

PermID: 4295886969

Source: www.BuySellSignals.com