Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Industrial Services keeps rising: up 11.0% in 5 days 24 May 2018 16:51 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 Industrial Services, Saudi Arabia's 3rd largest multi-investment company by market capitalisation, extended its gains on Thursday, rising an additional 62.0 hallalah (or 4.3%) to trade at SAR15.08. Trading volume was 1.9 times average at the end of the day. The shares have risen SAR1.50 (or 11.0%) over the past five trading days vs. the All Share Index (TASI) which has risen 0.3% in the same period.

Technical indicators complementing today's significant uptrend:

+ The positive 0.04 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 92% of the Saudi Arabian market over the past 6 months.

+ In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

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

Undervaluation:

+ Return on Equity 5.5% [1.2%]

+ Return on Assets 2.1% [0.8%]

+ Return on Capital Employed 2.6% [1.6%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.4. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

+ Net profit margin has averaged 16% 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 is less than stellar at 5.5%. Also, this has deteriorated from 9% last year.

Note

Saudi Industrial Services today is at a discount of 9.8% to the 12-month high of SAR16.72 on 29 Apr, 2018. It is at a premium of 52.3% to the 12-month low of SAR9.90 on 07 Nov, 2017.

Bearish Signals:

The price sank 5.6% in the last month.

TODAY'S ALERT

Afternoon Alert: Saudi Industrial Services keeps rising: up 10.2% in 5 days

24 May 2018 14:38 AST

Saudi Industrial Services Co. (TASI:2190) extended its gains on Thursday, rising an additional 50.0 hallalah (or 3.5%) to trade at SAR14.96. Trading volume was 2.4 times average so far today. The shares have risen SAR1.38 (or 10.2%) over the past five trading days vs. the All Share Index (TASI) which has risen 0.03% in the same period.

RECENT ALERTS

CLOSING UPDATE: Saudi Industrial Services decreases gains by 0.3% - outperforming 95% of stocks

22 May 2018 16:49 AST

Saudi Industrial Services, Saudi Arabia's 3rd largest multi-investment company by market capitalisation, has increased 22.0 hallalah (or 1.5%) today to trade at SAR14.42 and has outperformed 95% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the All Share Index (TASI) which rose 48.2 points (or 0.6%) in the day, this represented a relative price increase of 0.9%.

Afternoon Alert: Saudi Industrial Services increases 1.8% - outperforming 95% of stocks

22 May 2018 14:38 AST

Saudi Industrial Services Co. (TASI:2190) has increased 26.0 hallalah (or 1.8%) today to trade at SAR14.46 and has outperformed 95% of the market in the past week. A price rise combined with a high relative strength is a bullish signal.

Saudi Industrial Services Co. (SA:2190; SAU:2190; AB:2190)

ISIN: SA0007879360

PermID: 4295887292

Source: www.BuySellSignals.com