Qatari stock alert

QATAR

CLOSING UPDATE: Commercial Bank of Qatar increases 1.3% 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).

Commercial Bank of Qatar, Qatar's 4th largest bank by market capitalisation, traded on volume of 0.5 times average today while the price increased 33.0 Dirham (or 1.3%) to trade at QAR26.53. Compared with the QE Index which fell 13.6 points (or 0.2%) in the day, this represented a relative price increase of 1.4%.

Bullish Signals:

+ The company is cash rich with Cash to Market Capitalisation at 22.0%.

+ 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

Bearish Signals:

The negative 0.82 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

The price sank 5.4% in the last week and plummeted 11.6% in the last month.

As per the Du Pont analysis, Return on Equity is less than stellar at 6.1%. Also, this has deteriorated from 10.4% last year.

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

Overvaluation:

Price/Earnings of 26.0 [9.8]

Price to Book of 1.6 [1.4]

Return on Equity 6.1% [12.8%]

Return on Assets 0.7% [1.6%]

TODAY'S ALERT

Morning Alert: Commercial Bank of Qatar lifts 2.1%, leads Bank sector higher

18 October 2017 10:06 AST

Commercial Bank of Qatar (QE:CBQK) has lifted 2.1% to trade at QAR26.74 vs. the Bank sector which strengthened 21.7 points (or 0.2%) to 10,331.8. Representing a weighting of about 5.5% of the sector, the stock accounted for 54.4% of today's gain. Trading volume was 1.9 times average so far today.

Commercial Bank of Qatar (QA:CBQK; QD:CBQK)

ISIN: QA0007227752

PermID: 4295886925

Source: www.BuySellSignals.com