Qatari stock alert
CLOSING UPDATE: Qatar Gas Transport decreases 0.7% on robust volume 20 June 2018 13:25 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 Gas Transport, Qatar's largest transportation company by market capitalisation, traded on heavy volume of 1.8 times average today while the price decreased 11.0 Dirham (or 0.7%) to trade at QAR16.09. Compared with the QE Index which fell 130.1 points (or 1.4%) in the day, this represented a relative price increase of 0.8%.
Qatar Gas Transport today is at a discount of 10.7% to the 12-month high of QAR18.01 on 05 Jul, 2017. It is at a premium of 31.5% to the 12-month low of QAR12.24 on 12 Nov, 2017.
The positive 0.32 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.
The price lifted 2.7% in the last week and soared 15.0% in the last month.
The company is cash rich with Cash to Market Capitalisation at 31.1%.
Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued.
Net profit margin has averaged 28.5% in the last 3 years. This is considered superior and suggests a high margin of safety.
As per the Du Pont analysis, Return on Equity of 14.3% is better than sector average of 7.3%.
Fundamental measures by comparison with the sector average [in brackets] indicate:
Price/Earnings of 10.5 [11.9]
Return on Equity 14.3% [7.3%]
Morning Alert: Qatar Gas Transport decreases 1.7%, leads Transportation index lower
20 June 2018 10:06 AST
Qatar Gas Transport - Nakilat (QE:QGTS) has decreased 1.7% to trade at QAR15.93 vs. the Transportation index which weakened 10.2 points (or 0.5%) to 1,926.0. Representing a weighting of about 48.0% of the index, the stock accounted for the loss. Trading volume was 87% of average so far today.
Qatar Gas Transport - Nakilat (QA:QGTS; QD:QGTS)