Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Astra Industrial increases further 0.1%, led Capital Goods higher 12 June 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).

Astra Industrial, Saudi Arabia's 4th largest industrial investment company by market capitalisation, has increased 1.5% to trade at SAR19.40 vs. the Capital Goods which strengthened 10.3 points (or 0.2%) to 4,144.9. Representing a weighting of about 16.4% of the index, the stock accounted for 96.0% of today's gain. The shares have outperformed 84% of the market in the past week. Trading volume was 35% of average at the end of the day. Compared with the All Share Index (TASI) which rose 43.3 points (or 0.5%) in the day, this represented a relative price increase of 0.9%.

Technical indicators complementing today's significant uptrend:

+ The 4.9% discount to 12-month high of SAR20.40 against the 37.3% premium to 12-month low of SAR14.13 suggests the stock continues to push for new highs.

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

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

Undervaluation:

+ Price/Sales of 0.9 [3.6]

+ Price to Book of 1.3 [2.2]

+ Dividend yield of 2.6% [0.3%]

+ Return on Equity 4.7% [3.4%]

+ Return on Assets 2% [1.1%]

+ Return on Capital Employed 5% [1.3%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.5. Compared with the rest of the market the stock is undervalued.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 4.7%.

Note

Bearish Signals:

Net profit margin has averaged 2.1% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

TODAY'S ALERT

Morning Alert: Astra Industrial increases 1.4%, leads Capital Goods higher

12 June 2018 11:27 AST

Astra Industrial Group (TASI:1212) has increased 1.4% to trade at SAR19.38 vs. the Capital Goods which strengthened 15.3 points (or 0.4%) to 4,149.8. Representing a weighting of about 16.4% of the index, the stock accounted for 60.2% of today's gain. The shares have outperformed 89% of the market in the past week. Trading volume was 1.3 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Astra Industrial drops 2.2%, led Capital Goods lower

11 June 2018 16:49 AST

Astra Industrial, Saudi Arabia's 4th largest industrial investment company by market capitalisation, has dropped 2.2% to trade at SAR19.12 vs. the Capital Goods which weakened 16.8 points (or 0.4%) to 4,134.5. Representing a weighting of about 16.2% of the index, the stock accounted for 91.1% of today's loss. Compared with the All Share Index (TASI) which fell 51.4 points (or 0.6%) in the day, this represented a relative price change of -1.6%.

Morning Alert: Astra Industrial in 2nd consecutive rise, nears one-month high

11 June 2018 11:25 AST

Astra Industrial Group (TASI:1212) extended its gains Monday, rising an additional 10.0 hallalah (or 0.5%) to trade at SAR19.66. The stock lifted 3.6% on Sunday bringing its 2-day rise to 4.1%. It is now approaching its 25-day high of SAR19.70.

Astra Industrial Group (SA:1212; SAU:1212; AB:1212)

ISIN: SA11RGL0IU14

PermID: 4298053501

Source: www.BuySellSignals.com