Qatari stock alert

QATAR

CLOSING UPDATE: MediCare Group decreases gains by 0.8%, led Consumer Goods & Services index higher 16 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).

MediCare Group, Qatar's largest health care company by market capitalisation, has increased 1.2% to trade at QAR78.87 vs. the Consumer Goods & Services index which strengthened 38.5 points (or 0.8%) to 5,210.8. Representing a weighting of about 12.4% of the index, the stock accounted for 19.1% of today's gain. The shares have outperformed 93% of the market in the past week. Trading volume was 63% of average at the end of the day. Compared with the QE Index which rose 175.0 points (or 1.9%) in the day, this represented a relative price change of -0.8%.

Technical indicators complementing today's significant uptrend:

+ The positive 4.76 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Qatar market, the stock's relative price strength percentile is improving at 55 for 6 months, 88 for 3 months and 98 for 1 month.

Other Bullish Signals include:

+ Interest cover is less leveraged at 26.1 times.

+ Total Liabilities/EBITDA of 4.6 is less than the Joseph Piotroski benchmark of <5.

+ Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 26.2% in the last 3 years. This is considered superior and suggests a high margin of safety.

Note

MediCare Group today is at a discount of 24.9% to the 12-month high of QAR105.0 on 14 Mar, 2017. It is at a premium of 96.2% to the 12-month low of QAR40.20 on 20 Nov, 2017.

Bearish Signals:

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

As per the Du Pont analysis, Return on Equity is less than stellar at 6.4%. Also, this has deteriorated from 16.5% last year.

TODAY'S ALERT

Morning Alert: MediCare Group increases 2.0%, leads Consumer Goods & Services index higher

16 January 2018 10:06 AST

MediCare Group - Al-Ahli Hospital (QE:MCGS) has increased 2.0% to trade at QAR79.50 vs. the Consumer Goods & Services index which strengthened 80.9 points (or 1.6%) to 5,253.1. Representing a weighting of about 12.5% of the index, the stock accounted for 15.7% of today's gain. The shares have outperformed 97% of the market in the past week. Trading volume was 1.4 times average so far today.

RECENT ALERTS

CLOSING UPDATE: MediCare Group keeps rising: up 7.3% in 3 days

14 January 2018 13:24 AST

MediCare Group, Qatar's largest health care company by market capitalisation, extended its gains on Sunday, rising an additional 1.0 Dirham (or 0.01%) to trade at QAR79.33. Trading volume was 2.1 times average at the end of the day. The shares have risen QAR5.37 (or 7.3%) over the past three trading days vs. the QE Index which has risen 2.2% in the same period.

Morning Alert: MediCare Group keeps rising: up 10.8% in 3 days

14 January 2018 10:06 AST

MediCare Group - Al-Ahli Hospital (QE:MCGS) extended its gains on Sunday, rising an additional QAR2.65 (or 3.3%) to trade at QAR81.97. Trading volume was 79% of average so far today. The shares have risen QAR8.01 (or 10.8%) over the past three trading days vs. the QE Index which has risen 2.1% in the same period.

MediCare Group - Al-Ahli Hospital (QA:MCGS; QD:MCGS)

ISIN: QA0006929754

PermID: 5050910790

Source: www.BuySellSignals.com