Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Islamic Bank decreases 0.8% on firm volume 20 September 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).

Qatar Islamic Bank, Qatar's 2nd largest bank by market capitalisation, traded on heavy volume of 1.3 times average today while the price decreased QAR1.04 (or 0.8%) to trade at QAR136.06. Compared with the QE Index which fell 4.9 points (or 0.05%) in the day, this represented a relative price change of -0.7%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 2.4% in the last week.

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

Overvaluation:

+ Price/Earnings of 14.6 [12.1]

+ Return on Equity 2.0% [7.7%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 2.0%. Also, this has deteriorated from 2.1% last year.

Note

Bullish Signals:

The positive 1.73 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The stock has outperformed 95% of the Qatar market over the past 6 months.

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

The present value of QAR1,000 invested one year ago is QAR1,687 [vs QAR1,173 for the QE Index].

Tobin's Q Ratio is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stocks by value of Q Ratio.

Net profit margin has averaged 43.5% in the last 3 years. This is considered superior and suggests a high margin of safety.

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

Undervaluation:

Price/Earnings/Growth of 1.2 [1.9]

Price to Book of 0.3 [1.0]

Dividend yield of 3.7% [3.1%]

Year-on-Year Earnings Growth of 8.9% [6.5%]

TODAY'S ALERT

Morning Alert: Qatar Islamic Bank decreases 1.5%, leads market lower

20 September 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) has decreased 1.5% to trade at QAR135.09 vs. the QE Index which weakened 9.6 points (or 0.1%) to 9,785.3. Representing a weighting of about 7.4% of the index, the stock accounted for the loss. The shares have underperformed 85% of the market in the past week. Trading volume was 3.9 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Qatar Islamic Bank decreases 1.3%, led Bank sector lower

18 September 2018 13:24 AST

Qatar Islamic Bank, Qatar's 2nd largest bank by market capitalisation, has decreased 1.3% to trade at QAR135.97 vs. the Bank sector which weakened 65.1 points (or 0.5%) to 13,707.9. Representing a weighting of about 12.4% of the sector, the stock accounted for 33.5% of today's loss. Trading volume was 77% of average at the end of the day. Compared with the QE Index which fell 34.4 points (or 0.3%) in the day, this represented a relative price change of -1.0%.

Morning Alert: Qatar Islamic Bank decreases 1.1% on spectacular volume

18 September 2018 10:06 AST

Qatar Islamic Bank (QE:QIBK) traded on heavy volume of 11.2 times average so far today while the price decreased QAR1.52 (or 1.1%) to trade at QAR136.20.

Qatar Islamic Bank (QA:QIBK; QD:QIBK)

ISIN: QA0006929853

PermID: 4295886959

Source: www.BuySellSignals.com