Qatari stock alert
CLOSING UPDATE: Barwa Real Estate accelerates slide, now down 3.3% in 2 days 18 October 2017 13:23 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).
Barwa Real Estate, Qatar's 2nd largest real estate company by market capitalisation, is down QAR1.04 (or 3.3%) over the past two trading days. After falling 0.9% on Tuesday, the stock fell 2.4% on Wednesday to trade at QAR30.23 vs. the QE Index that is down 1.9% in the same period.
Technical indicators complementing today's significant downtrend:
+ The negative 0.32 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.
+ The price dropped 2.4% in the last week and 2.2% in the last month.
Barwa Real Estate today is at a discount of 22.8% to the 12-month high of QAR39.17 on 22 Feb, 2017. It is at a premium of 11.2% to the 12-month low of QAR27.17 on 24 Nov, 2016.
The company is cash rich with Cash to Market Capitalisation at 26.2%.
Interest cover is less leveraged at 11.2 times.
Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued.
As per the Du Pont analysis, Return on Equity of 9.0% is better than sector average of 6.9%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 7.3 [10.0]
Dividend yield of 8.3% [6.7%]
Return on Equity 9.0% [6.9%]
Return on Assets 5.5% [4.1%]
Morning Alert: Barwa Real Estate drops 2.4%, leads market lower
18 October 2017 10:06 AST
Barwa Real Estate Company (QE:BRES) has dropped 2.4% to trade at QAR30.23 vs. the QE Index which weakened 13.6 points (or 0.2%) to 8,215.7. Representing a weighting of about 3.3% of the index, the stock accounted for 50.6% of today's loss. Trading volume was 14% of average so far today.
Barwa Real Estate Company (QA:BRES; QD:BRES)