Qatari stock alert

QATAR

End of Day Alert: Qatar Insurance decreased 1.0%, led Insurance sector lower 25 July 2017 13:22 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Qatar Insurance, Qatar's largest insurance company by market capitalisation, has decreased 1.0% to trade at QAR71.30 vs. the Insurance sector which weakened 167.4 points (or 1.2%) to 13,612.1. Representing a weighting of about 80.2% of the sector, the stock accounted for 64.5% of today's loss. Compared with the QE Index which rose 19.8 points (or 0.2%) in the day, this represented a relative price change of -1.2%.

Technical indicators complementing today's significant downtrend:

+ In the last three months the stock has hit a new 52-week low twice.

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

Overvaluation:

+ Price to Book of 2.5 [1.5]

+ Dividend yield of 2.1% [2.6%]

Note

Qatar Insurance today is at a discount of 12.8% to the 12-month high of QAR81.75 on 17 Aug, 2016. It is at a premium of 16.9% to the 12-month low of QAR61.0 on 06 Jun, 2017.

Bullish Signals:

The positive 1.0 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The price lifted 2.6% in the last week and jumped 8.9% in the last month.

The company is cash rich with Cash to Market Capitalisation at 35.2%.

Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

As per the Du Pont analysis, Return on Equity of 12.4% is better than sector average of 8.1%.

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

Undervaluation:

Return on Equity 12.4% [8.1%]

Return on Assets 3.6% [3.3%]

Qatar Insurance (QA:QATI; QD:QATI)

ISIN: QA0006929838

PermID: 4295886969

Source: www.BuySellSignals.com