Qatari stock alert

QATAR

CLOSING UPDATE: Industries Qatar increased 0.4% on firm volume 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).

Industries Qatar, Qatar's largest chemicals company by market capitalisation, traded on heavy volume of 1.1 times average today while the price increased 40.0 Dirham (or 0.4%) to trade at QAR101.0. Compared with the QE Index which rose 19.8 points (or 0.2%) in the day, this represented a relative price increase of 0.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.63 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 1.5% in the last week and soared 10.0% in the last month.

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 11.4%.

+ Interest cover is less leveraged at 226 times.

+ Tobin's Q Ratio is 1.7. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity of 8.8% is better than sector average of 8.3%.

Note

Industries Qatar today is at a discount of 14.3% to the 12-month high of QAR117.92 on 09 Jan, 2017. It is at a premium of 10.9% to the 12-month low of QAR91.10 on 21 Jun, 2017.

The stock has underperformed 57% of the Qatar market over the past 6 months.

Bearish Signals:

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

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

Overvaluation:

Price to Book of 1.8 [1.6]

TODAY'S ALERT

Morning Alert: Industries Qatar increases 0.4%

25 July 2017 10:06 AST

Industries Qatar (QE:IQCD) traded on volume of 0.1 times average so far today while the price increased 40.0 Dirham (or 0.4%) to trade at QAR101.0.

RECENT ALERTS

CLOSING UPDATE: Industries Qatar decreased gains by 0.4%

24 July 2017 13:21 AST

Industries Qatar, Qatar's largest chemicals company by market capitalisation, traded on volume of 0.7 times average today while the price increased 10.0 Dirham (or 0.1%) to trade at QAR100.60. Compared with the QE Index which rose 53.8 points (or 0.6%) in the day, this represented a relative price change of -0.5%.

Morning Alert: Industries Qatar increases 0.5%

24 July 2017 10:06 AST

Industries Qatar (QE:IQCD) traded on volume of 0.2 times average so far today while the price increased 50.0 Dirham (or 0.5%) to trade at QAR101.0.

Industries Qatar (QA:IQCD; QD:IQCD)

ISIN: QA000A0KD6K3

PermID: 4295886945

Source: www.BuySellSignals.com