Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Jazan Development hits 52-week high third time in one month 20 July 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).

Jazan Development, Saudi Arabia's 8th largest agriculture & food industries company by market capitalisation, hit a 52-week high of SAR15.50 today for the third time in the past one month and last traded at SAR15.43. Trading volume was 45% of average at the end of the day. Compared with the All Share Index (TASI) which rose 31.6 points (or 0.4%) in the day, this represented a relative price increase of 1.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.42 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ The stock has outperformed 98% of the Saudi Arabian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high thrice and in the last three months four times, pointing to an uptrend.

+ The price jumped 7.5% in the last week and soared 18.0% in the last month.

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

Undervaluation:

+ Price to Book of 1.3 [4.0]

+ Dividend yield of 3.2% [1.9%]

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 14.5% in the last 3 years. This is better than the sector average of 14.1% and suggests a high margin of safety.

Note

Bearish Signals:

As per the Du Pont analysis, Return on Equity is less than stellar at 1.0%. Also, this has deteriorated from 3.6% last year.

Overbought/Bearish:

The 0.5% discount to 12-month high of SAR15.50 against the 116.2% premium to 12-month low of SAR7.14 suggests the climb might be peaking.

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

Overvaluation:

Price/Sales of 8.7 [2.2]

Return on Equity 1.0% [9.0%]

Return on Assets 0.9% [3.9%]

Return on Capital Employed 1.3% [6.4%]

TODAY'S ALERTS

Afternoon Alert: Jazan Development hits 52-week high third time in one month

20 July 2017 14:34 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR15.50 today for the third time in the past one month and last traded at SAR15.34. Trading volume was 1.1 times average so far today.

Morning Alert: Jazan Development hits 52-week high third time in one month

20 July 2017 11:22 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR15.50 today for the third time in the past one month and last traded at SAR15.46. Trading volume was 2.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Jazan Development keeps rising: up 5.8% in 3 days

18 July 2017 16:47 AST

Jazan Development, Saudi Arabia's 8th largest agriculture & food industries company by market capitalisation, extended its gains on Tuesday, rising an additional 62.0 hallalah (or 4.3%) to trade at SAR15.18. Trading volume was 60% of average at the end of the day. The shares have risen 83.0 hallalah (or 5.8%) over the past three trading days vs. the All Share Index (TASI) which has fallen 0.8% in the same period.

Afternoon Alert: Jazan Development hits 52-week high second time in one month

18 July 2017 14:34 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR15.30 today for the second time in the past one month and last traded at SAR15.20. This brought its three-day rise to 85.0 hallalah or 5.9%. Trading volume was 2.4 times average so far today.

Jazan Development Co. (SA:6090; SAU:6090; AB:6090)

ISIN: SA0007879642

PermID: 4295887363

Source: www.BuySellSignals.com