Saudi Arabian stock alert


Afternoon Alert: Aldrees Petroleum & Transport Services keeps rising: up 6.0% in 3 days 18 October 2017 14:36 AST


Aldrees Petroleum & Transport Services Co. (TASI:4200) extended its gains on Wednesday, rising an additional SAR1.0 (or 3.5%) to trade at SAR29.25. Trading volume was 2.9 times average so far today. The shares have risen SAR1.65 (or 6.0%) over the past three trading days vs. the All Share Index (TASI) which has risen 0.3% in the same period.

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

+ The positive 0.33 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Saudi Arabian market, the stock's relative price strength percentile is rising at 89 for 6 months, 89 for 3 months and 89 for 1 month.

+ The present value of SAR1,000 invested one year ago is SAR1,489 [vs SAR1,274 for the All Share Index (TASI)].

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


+ Price/Sales of 0.4 [1.6]

+ Price to Book of 2.2 [4.1]

+ Price/Earnings of 17.1 [22.8]

+ Dividend yield of 3.4% [2.6%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 7.6 times.


Bearish Signals:

The price decreased 0.7% in the last week.

Tobin's Q Ratio is 0.9. Compared with the rest of the market the stock is overvalued and ranks in the bottom quartile of stocks by value of Q Ratio.

Net profit margin has averaged 4.9% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

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


Return on Assets 5.8% [9.5%]

Return on Equity 13.9% [18.6%]

Aldrees Petroleum & Transport Services Co. (SA:4200; SAU:4200; AB:4200)


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