Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Jazan Development hits 52-week high sixth time in one month 19 October 2017 17:28 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 SAR20.44 today for the sixth time in the past one month and last traded at SAR19.92. This brought its four-day rise to SAR1.04 or 5.5%. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price increase of 1.2%.

Technical indicators complementing today's significant uptrend:

+ The positive 0.52 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 six times and in the last three months twenty-one times, pointing to a significant uptrend.

+ The price climbed 5.4% in the last week and soared 10.4% in the last month.

+ The present value of SAR1,000 invested one year ago is SAR2,679 [vs SAR1,270 for the All Share Index (TASI)].

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

Undervaluation:

+ Price to Book of 1.7 [3.5]

+ Dividend yield of 2.5% [1.9%]

Other Bullish Signals include:

+ Tobin's Q Ratio is 1.5. 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.

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

Overvaluation:

Price/Sales of 13.7 [2.0]

Return on Assets 0.9% [5.1%]

Return on Capital Employed 1.3% [6.4%]

TODAY'S ALERTS

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

19 October 2017 14:37 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR20.44 today for the sixth time in the past one month and last traded at SAR19.96. This brought its four-day rise to SAR1.08 or 5.7%. Trading volume was 2.7 times average so far today.

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

19 October 2017 11:28 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR20.44 today for the sixth time in the past one month and last traded at SAR19.98. This brought its four-day rise to SAR1.10 or 5.8%. Trading volume was 4.4 times average so far today.

RECENT ALERTS

CLOSING UPDATE: Jazan Development hits 52-week high fifth time in one month

18 October 2017 16:47 AST

Jazan Development, Saudi Arabia's 8th largest agriculture & food industries company by market capitalisation, hit a 52-week high of SAR19.96 today for the fifth time in the past one month and last traded at SAR19.50. This brought its three-day rise to 62.0 hallalah or 3.3%. Trading volume was 66% of average at the end of the day. Compared with the All Share Index (TASI) which fell 50.5 points (or 0.7%) in the day, this represented a relative price increase of 3.4%.

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

18 October 2017 14:36 AST

Jazan Development Co. (TASI:6090) hit a 52-week high of SAR19.96 today for the fifth time in the past one month and last traded at SAR19.50. This brought its three-day rise to 62.0 hallalah or 3.3%. 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