Qatari stock alert
CLOSING UPDATE: Ezdan Holding increased 0.4% 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).
Ezdan Holding, Qatar's largest real estate company by market capitalisation, traded on volume of 0.3 times average today while the price increased 5.0 Dirham (or 0.4%) to trade at QAR13.10. 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 0.08 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
+ The price lifted 3.1% in the last week and jumped 7.7% in the last month.
Other Bullish Signals include:
+ Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.
Ezdan Holding today is at a discount of 33.2% to the 12-month high of QAR19.60 on 16 Aug, 2016. It is at a premium of 22.2% to the 12-month low of QAR10.72 on 07 Jun, 2017.
The stock has underperformed 71% of the Qatar market over the past 6 months.
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 6.0%. Also, this has deteriorated from 8.2% last year.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 19.3 [13.4]
Price to Book of 1.2 [0.9]
Dividend yield of 3.8% [5.0%]
Return on Equity 6.0% [6.8%]
Return on Assets 3.6% [4.1%]
Morning Alert: Ezdan Holding decreases 0.4% on strong volume
25 July 2017 10:06 AST
Ezdan Holding Group QSC (QE:ERES) traded on heavy volume of 2.5 times average so far today while the price decreased 5.0 Dirham (or 0.4%) to trade at QAR13.0.
CLOSING UPDATE: Ezdan Holding increased further 1.2%
24 July 2017 13:21 AST
Ezdan Holding, Qatar's largest real estate company by market capitalisation, traded on volume of 0.3 times average today while the price increased 16.0 Dirham (or 1.2%) to trade at QAR13.05. Compared with the QE Index which rose 53.8 points (or 0.6%) in the day, this represented a relative price increase of 0.7%.
Morning Alert: Ezdan Holding increases 0.1%
24 July 2017 10:06 AST
Ezdan Holding Group QSC (QE:ERES) has increased 1.0 Dirham (or 0.1%) to trade at QAR12.90.
Ezdan Holding Group QSC (QA:ERES; QD:ERES)