Qatari stock alert

QATAR

CLOSING UPDATE: Ahli Bank increases 0.3% 18 January 2018 13:24 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).

Ahli Bank, Qatar's 6th largest bank by market capitalisation, traded on volume of 0.5 times average today while the price increased 10.0 Dirham (or 0.3%) to trade at QAR33.60. Compared with the QE Index which rose 35.2 points (or 0.4%) in the day, this represented a relative price change of -0.1%.

Technical indicators complementing today's significant uptrend:

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

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

Undervaluation:

+ Price/Earnings/Growth of 1.0 [3.9]

+ Price to Book of 1.4 [1.6]

Other Bullish Signals include:

+ The company is cash rich with Cash to Market Capitalisation at 26.6%.

+ 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.

+ As per the Du Pont analysis, Return on Equity of 13.0% is better than sector average of 12.1%.

Note

Ahli Bank today is at a discount of 24.5% to the 12-month high of QAR44.49 on 03 Jan, 2018. It is at a premium of 24.4% to the 12-month low of QAR27.02 on 25 Dec, 2017.

The stock has outperformed 74% of the Qatar market over the past 6 months.

Bearish Signals:

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

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

Overvaluation:

Dividend yield of 3% [3.4%]

TODAY'S ALERT

Morning Alert: Ahli Bank climbs 5.9%, leads Banks & Financial Services index higher

18 January 2018 10:06 AST

Ahli Bank Q.S.C. (QE:ABQK) has climbed 5.9% to trade at QAR35.49 vs. the Banks & Financial Services index which strengthened 6.4 points (or 0.2%) to 2,849.6. Representing a weighting of about 3.3% of the index, the stock accounted for 85.2% of today's gain. The shares have outperformed 92% of the market in the past month.

Ahli Bank Q.S.C. (QA:ABQK; QD:ABQK)

ISIN: QA0001200748

PermID: 4295886930

Source: www.BuySellSignals.com