Qatari stock alert

QATAR

CLOSING UPDATE: Qatar Islamic Bank decreases gains by 0.7% 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).

Qatar Islamic Bank, Qatar's 3rd largest bank by market capitalisation, traded on volume of 0.2 times average today while the price increased 9.0 Dirham (or 0.1%) to trade at QAR93.78. Compared with the QE Index which fell 13.6 points (or 0.2%) in the day, this represented a relative price increase of 0.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.31 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The price increased 1.6% in the last week and jumped 6.4% in the last month.

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

Undervaluation:

+ Price/Earnings/Growth of 0.69 [3.5]

+ Price to Book of 1.1 [1.4]

+ Dividend yield of 5.1% [3.8%]

+ Year-on-Year Earnings Growth of 6.1% [2.8%]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 28.5%.

+ 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.

Note

Qatar Islamic Bank today is at a discount of 11.2% to the 12-month high of QAR105.59 on 25 Jan, 2017. It is at a premium of 7.9% to the 12-month low of QAR86.90 on 03 Jul, 2017.

Bearish Signals:

As per the Du Pont analysis, Return on Equity of 10.3% is lower than sector average of 12.8%.

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

Overvaluation:

Price/Earnings of 11.0 [9.8]

Return on Equity 10.3% [12.8%]

TODAY'S ALERT

Morning Alert: Qatar Islamic Bank increases 0.8%

18 October 2017 10:06 AST

Qatar Islamic Bank (QE:QIBK) traded on volume of 0.6 times average so far today while the price increased 78.0 Dirham (or 0.8%) to trade at QAR94.47.

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

ISIN: QA0006929853

PermID: 4295886959

Source: www.BuySellSignals.com