Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Etihad Etisalat recovers 0.1% - underperforming 100% of stocks 26 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).

Etihad Etisalat, Saudi Arabia's 2nd largest telecommunication company by market capitalisation, has dropped 38.0 hallalah (or 2.0%) today to trade at SAR18.25 and has underperformed 100% of the market in the past week. Compared with the All Share Index (TASI) which fell 27.5 points (or 0.4%) in the day, this represented a relative price change of -1.7%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.39 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price plummeted 10.9% in the last week and 10.6% in the last month.

+ The present value of SAR1,000 invested one year ago is SAR667 [vs SAR1,113 for the All Share Index (TASI)].

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

Overvaluation:

+ Return on Capital Employed 1.3% [8.7%]

Note

Bullish Signals:

Tobin's Q Ratio is 0.3. Compared with the rest of the market the stock is undervalued and ranks in the top quartile of stock by value of Q Ratio.

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

Undervaluation:

Price/Sales of 1.1 [2.3]

Price to Book of 1 [3.0]

TODAY'S ALERT

Afternoon Alert: Etihad Etisalat drops 2.1% - underperforming 100% of stocks

26 July 2017 14:34 AST

Etihad Etisalat Co (TASI:7020) has dropped 39.0 hallalah (or 2.1%) today to trade at SAR18.24 and has underperformed 100% of the market in the past week.

RECENT ALERTS

CLOSING UPDATE: Etihad Etisalat keeps sliding: down 9.0% in 4 days

25 July 2017 16:47 AST

Etihad Etisalat, Saudi Arabia's 2nd largest telecommunication company by market capitalisation, extended its slide on Tuesday, shedding an additional 13.0 hallalah (or 0.7%) to trade at SAR18.63. Trading volume was 34% of average at the end of the day. The shares have fallen SAR1.85 (or 9.0%) over the past four trading days vs. the All Share Index (TASI) which has fallen 0.02% in the same period.

Morning Alert: Etihad Etisalat keeps sliding: down 8.7% in 4 days

25 July 2017 11:22 AST

Etihad Etisalat Co (TASI:7020) extended its slide on Tuesday, shedding an additional 6.0 hallalah (or 0.3%) to trade at SAR18.70. Trading volume was 39% of average so far today. The shares have fallen SAR1.78 (or 8.7%) over the past four trading days vs. the All Share Index (TASI) which has risen 0.1% in the same period.

Etihad Etisalat Co (SA:7020; SAU:7020; AB:7020)

ISIN: SA000A0DM9P2

PermID: 4295887317

Source: www.BuySellSignals.com