Saudi Arabian stock alert

SAARAB

Morning Alert: Saudi Arabian Cooperative Insurance lifts 2.1% - outperforming 96% of stocks 21 January 2018 11:26 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Saudi Arabian Cooperative Insurance Company (TASI:8100) has lifted 40.0 hallalah (or 2.1%) today to trade at SAR19.18 and has outperformed 96% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

SECTION 1: The past week

Current indications of bullish signals that support the trend in the unusual trading

1.1 At a glance

Weekly: Saudi Arabian Cooperative Insurance in its biggest weekly gain in 5 months January 18, 2018 15:30 AST

Saudi Arabian Cooperative Insurance Company (TASI:8100), Saudi Arabia's 25th largest Insurance company by market cap, has lifted 74.0 hallalah (or 4.1%) in the past week to close at SAR18.78. In the past week the shares have lifted 4.1%, the biggest weekly gain since September 14, 2017. Compared with the All Share Index (TASI) which rose 201.0 points (or 2.7%) in the week, this represented a relative price increase of 1.4%. The volume was 0.6 times average trading per week of 3.8 million shares. In the past week the market cap has risen SAR18.5 million.

1.2 5-day Recap

Saudi Arabian Cooperative Insurance outperformed the All Share index (TASI) in 4 out of 5 days.

DayHeadlineClose price [SAR]Price change %Relative change %Comment
ThursdaySaudi Arabian Cooperative Insurance rises in 4 out of last 5 days18.780.40.4
WednesdaySaudi Arabian Cooperative Insurance accelerates rise, up 3.2% in 2 days18.72.12.0Top Rise
TuesdaySaudi Arabian Cooperative Insurance increases 1.1%18.321.10.5
MondaySaudi Arabian Cooperative Insurance increases18.120.70.1

Note

DayHeadlineClose price [SAR]Price change %Relative change %Comment
SundaySaudi Arabian Cooperative Insurance decreases18.0-0.2-1.1Steepest Fall

SECTION 2: Technical indicators

Bullish:

The positive 0.26 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal (12-day minus 26-day Exponential Moving Averages). Both the 12-day and the 26-day EMA are rising - another bullish signal. In the past week, the stock's MACD has been positive every day, a reinforcing bullish signal.

The price jumped 6.6% in the last week and 8.4% in the last month.

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

Parity:

Return on Equity 17.1% [17.3%]

Undervaluation:

Price/Earnings of 9.4 [16.2]

Price to Book of 1.6 [3.0]

Overvaluation:

Return on Assets 4% [4.7%]

Return on Capital Employed 4.7% [5.6%]

Note

The stock is at a discount of 19.6% to the 12-month high of SAR23.85 on 03 May, 2017. It is also at a premium of 16.9% to the 12-month low of SAR16.40 on 21 Nov, 2017.

Bearish:

The present value of SAR1,000 invested one year ago is SAR921 [vs SAR1,093 for the All Share Index (TASI)], for a capital loss of SAR79. The total return to shareholders for 1 year is -7.9%.

SECTION 3: Ranking

DescriptionValueRank In Market
MCap $US million127.9In Bottom Quartile
52-week Range (in SAR)16.4-23.9
1-month Range (in SAR)17.5-19.3
Today's Volatility %2.5In Bottom 7%
RSI75.7Bearish
Bollinger Bands1.2Bearish

SECTION 4: Earnings

FY2016 Annual Report: Saudi Arabian Cooperative Insurance EPS Growth slows to 27.7%

Saudi Arabian Cooperative Insurance Company (SA:8100; SAU:8100; AB:8100)

ISIN: SA000A0MR823

PermID: 4298007733

Source: www.BuySellSignals.com