Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Arabian Mining increases losses by 0.1%, led Industrial investment sector lower 18 October 2017 16:47 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 0.5% to trade at SAR49.65 vs. the Industrial investment sector which weakened 57.7 points (or 0.5%) to 12,022.8. Representing a weighting of about 79.0% of the sector, the stock accounted for 82.5% of today's loss. Trading volume was 6% of average at the end of the day. Compared with the All Share Index (TASI) which fell 50.5 points (or 0.7%) in the day, this represented a relative price increase of 0.2%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.44 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price sank 6.0% in the last month.

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

Overvaluation:

+ Price/Earnings of 64.5 [47.9]

+ Price/Sales of 5.6 [3.0]

+ Price to Book of 2.1 [1.8]

+ Return on Equity 1.4% [3.7%]

+ Return on Assets 0.4% [1.2%]

+ Return on Capital Employed 1.4% [2.1%]

Other Bearish Signals include:

+ Net profit margin has averaged 8.1% in the last 3 years. This is lower than the sector average of 8.7% and suggests a low margin of safety.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 1.4%. Also, this has deteriorated from 3.7% last year.

Note

Bullish Signals:

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

The present value of SAR1,000 invested one year ago is SAR1,495 [vs SAR1,271 for the All Share Index (TASI)].

Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

TODAY'S ALERT

Afternoon Alert: Saudi Arabian Mining decreases 0.6%, leads Industrial investment sector lower

18 October 2017 14:36 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 0.6% to trade at SAR49.60 vs. the Industrial investment sector which weakened 74.5 points (or 0.6%) to 12,006.0. Representing a weighting of about 79.0% of the sector, the stock accounted for 76.6% of today's loss. Trading volume was 35% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saudi Arabian Mining up 2.0% in 2 days

17 October 2017 16:47 AST

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, extended its gains on Tuesday, rising an additional 10.0 hallalah (or 0.2%) to trade at SAR49.90. Trading volume was 6% of average at the end of the day. The shares have risen SAR1.0 (or 2.0%) over the past two trading days vs. the All Share Index (TASI) which has risen 0.8% in the same period.

Afternoon Alert: Saudi Arabian Mining decreases 0.2%, leads Industrial investment sector lower

17 October 2017 14:37 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 0.2% to trade at SAR49.70 vs. the Industrial investment sector which weakened 20.1 points (or 0.2%) to 12,042.9. Representing a weighting of about 79.0% of the sector, the stock accounted for 93.3% of today's loss. Trading volume was 22% of average so far today.

Saudi Arabian Mining Company (SA:1211; SAU:1211; AB:1211)

ISIN: SA123GA0ITH7

PermID: 4297987722

Source: www.BuySellSignals.com