Qatari stock alert

QATAR

CLOSING UPDATE: Widam Food continues significant uptrend, lifted further 3.3% 25 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, 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%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.69 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The 5.4% discount to 12-month high of QAR69.25 against the 34.9% premium to 12-month low of QAR48.55 suggests the stock continues to push for new highs.

+ In the Qatar market, the stock's relative price strength percentile is rising at 95 for 6 months, 95 for 3 months and 95 for 1 month.

+ The price soared 11.0% in the last week and 22.4% in the last month.

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 23.5%.

+ 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.

Note

Bearish Signals:

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

Tobin's Q Ratio is 2.3. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

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

Overvaluation:

Price/Earnings/Growth of 0.7 [0.4]

TODAY'S ALERT

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