Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Basic Industries increases a further 0.7%, led market higher 20 September 2018 16:49 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 Basic Industries, Saudi Arabia's largest petrochemical industries company by market capitalisation, has lifted 2.2% to trade at SAR122.40 vs. the All Share Index (TASI) which strengthened 38.7 points (or 0.5%) to 7,768.3. Representing a weighting of about 22.4% of the index, the stock accounted for 97.1% of today's gain. The shares have outperformed 90% of the market in the past week. Trading volume was 57% of average at the end of the day. Compared with the All Share Index (TASI) which rose 38.7 points (or 0.5%) in the day, this represented a relative price increase of 1.7%.

Technical indicators complementing today's significant uptrend:

+ The 5.2% discount to 12-month high of SAR129.11 against the 31.3% premium to 12-month low of SAR93.24 suggests the stock continues to push for new highs.

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

Undervaluation:

+ Return on Equity 11.2% [6.8%]

+ Return on Assets 5.7% [3.6%]

+ Return on Capital Employed 7.7% [4.7%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 1.1. Compared with the rest of the market the stock is undervalued.

+ Net profit margin has averaged 29.4% 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 11.2% is better than sector average of 6.8%.

Note

Bearish Signals:

The negative 1.29 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 0.5% in the last month.

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

Overvaluation:

Price/Sales of 6.9 [3.7]

Price to Book of 2.2 [1.5]

TODAY'S ALERTS

Afternoon Alert: Saudi Basic Industries increases 1.5%, leads market higher

20 September 2018 14:38 AST

Saudi Basic Industries Corp. (TASI:2010) has increased 1.5% to trade at SAR121.60 vs. the All Share Index (TASI) which strengthened 25.6 points (or 0.3%) to 7,755.3. Representing a weighting of about 22.3% of the index, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 93% of average so far today.

Morning Alert: Saudi Basic Industries increases 0.5%, leads Materials higher

20 September 2018 11:26 AST

Saudi Basic Industries Corp. (TASI:2010) has increased 0.5% to trade at SAR120.40 vs. the Materials which strengthened 13.1 points (or 0.2%) to 5,558.3. Representing a weighting of about 58.4% of the index, the stock accounted for the gain. The shares have outperformed 82% of the market in the past week. Trading volume was 1.2 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Saudi Basic Industries increases 1.0%, led market higher all day

19 September 2018 16:49 AST

Saudi Basic Industries, Saudi Arabia's largest petrochemical industries company by market capitalisation, has increased 1.0% to trade at SAR119.80 vs. the All Share Index (TASI) which strengthened 86.2 points (or 1.1%) to 7,729.6. Representing a weighting of about 22.0% of the index, the stock accounted for 19.7% of today's gain. The shares have outperformed 86% of the market in the past six months. Trading volume was 57% of average at the end of the day. Compared with the All Share Index (TASI) which rose 86.2 points (or 1.1%) in the day, this represented a relative price change of -0.1%.

Afternoon Alert: Saudi Basic Industries increases 1.0%, leads market higher

19 September 2018 14:37 AST

Saudi Basic Industries Corp. (TASI:2010) has increased 1.0% to trade at SAR119.80 vs. the All Share Index (TASI) which strengthened 82.5 points (or 1.1%) to 7,725.9. Representing a weighting of about 22.0% of the index, the stock accounted for 20.6% of today's gain. The shares have outperformed 87% of the market in the past six months.

Saudi Basic Industries Corp. (SA:2010; SAU:2010; AB:2010)

ISIN: SA0007879121

PermID: 4295887293

Source: www.BuySellSignals.com