Qatari stock alert

QATAR

Morning Alert: Ezdan Holding decreases 1.1%, leads Real Estate index lower 22 October 2017 10:06 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Ezdan Holding Group QSC (QE:ERES) has decreased 1.1% to trade at QAR9.02 vs. the Real Estate index which weakened 15.8 points (or 1%) to 1,561.5. Representing a weighting of about 57.9% of the index, the stock accounted for 63.5% of today's loss. The shares have underperformed 95% of the market in the past month. Trading volume was 1.2 times average so far today.

SECTION 1: The past week

Current indications of bearish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Ezdan Holding falls for a third consecutive week, a three-week fall of 15.4% October 19, 2017 12:30 AST

Ezdan Holding Group QSC (QE:ERES) has fallen 23.0 Dirham (or 2.5%) to close at QAR9.12. The stock fell for a third consecutive week on Thursday bringing its three-week fall to QAR1.66 or 15.4%. Compared with the QE Index which fell 140.2 points (or 1.7%) in the three weeks, this represented a relative price change of -13.7%. The volume was 0.5 times average trading per week of 4 million shares. In the past three weeks the market cap has slumped QAR4.4 billion.

SECTION 2: Technical indicators

Bearish:

The negative 0.52 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are falling - another bearish signal. In the past week, the stock's MACD has been negative every day, a reinforcing bearish signal.

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

The price dropped 3.8% in the last week and plummeted 15.1% in the last month.

The present value of QAR1,000 invested one year ago is QAR565 [vs QAR782 for the QE Index], including a capital loss of QAR452 and dividend reinvested of QAR18. The total return to shareholders for 1 year is -43.5%.

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

Overvaluation:

Price/Earnings of 13.3 [10.0]

Price to Book of 0.8 [0.7]

Dividend yield of 5.5% [6.6%]

Return on Equity 6.0% [6.9%]

Return on Assets 3.6% [4.1%]

SECTION 3: Ranking

DescriptionValueRank In Market
Today's Volatility %0.2In Top Quartile
MCap $US billion6.3In Top Quartile
1-month Range (in QAR)8.9-11.4
RSI17.4Bullish
Williams %R-91.1Bullish
Price/MAP2000.67In Bottom 8%

SECTION 4: Earnings

FY2016 Annual Report: Ezdan Holding EPS Growth slows to 7.9%

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

ISIN: QA000A0NE8B4

PermID: 4295886954

Source: www.BuySellSignals.com