Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Arabian Mining decreases gains by 0.2%, led Industrial investment sector higher 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).

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has increased 1.5% to trade at SAR50.40 vs. the Industrial investment sector which strengthened 157.9 points (or 1.3%) to 12,180.8. Representing a weighting of about 79.2% of the sector, the stock accounted for 91.3% of today's gain. The shares have outperformed 92% of the market in the past six months. Trading volume was 11% of average at the end of the day. Compared with the All Share Index (TASI) which rose 69.5 points (or 1%) in the day, this represented a relative price increase of 0.5%.

Technical indicators complementing today's significant uptrend:

+ In the last three months the stock has hit a new 52-week high twice.

+ The present value of SAR1,000 invested one year ago is SAR1,487 [vs SAR1,270 for the All Share Index (TASI)].

Other Bullish Signals include:

+ Tobin's Q Ratio is 0.6. Compared with the rest of the market the stock is undervalued.

Note

Saudi Arabian Mining today is at a discount of 6.7% to the 12-month high of SAR54.0 on 17 Sep, 2017. It is at a premium of 48.7% to the 12-month low of SAR33.90 on 20 Oct, 2016.

Bearish Signals:

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

The price dropped 3.4% in the last month.

Net profit margin has averaged 8.1% in the last 3 years. This is lower than the sector average of 8.7% and suggests a low margin of safety.

As per the Du Pont analysis, Return on Equity is less than stellar at 1.4%. Also, this has deteriorated from 3.7% last year.

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

Overvaluation:

Price/Earnings of 65.5 [48.6]

Price/Sales of 5.7 [3.1]

Price to Book of 2.1 [1.8]

Return on Equity 1.4% [3.7%]

Return on Assets 0.4% [1.2%]

Return on Capital Employed 1.4% [2.1%]

TODAY'S ALERT

Afternoon Alert: Saudi Arabian Mining increases 1.7%, leads Industrial investment sector higher

19 October 2017 14:37 AST

Saudi Arabian Mining Company (TASI:1211) has increased 1.7% to trade at SAR50.50 vs. the Industrial investment sector which strengthened 166.2 points (or 1.4%) to 12,189.1. Representing a weighting of about 79.3% of the sector, the stock accounted for 98.3% of today's gain. The shares have outperformed 93% of the market in the past six months.

RECENT ALERTS

CLOSING UPDATE: Saudi Arabian Mining increases losses by 0.1%, led Industrial investment sector lower

18 October 2017 16:47 AST

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 0.5% to trade at SAR49.65 vs. the Industrial investment sector which weakened 57.7 points (or 0.5%) to 12,022.8. Representing a weighting of about 79.0% of the sector, the stock accounted for 82.5% of today's loss. Trading volume was 6% 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 0.2%.

Afternoon Alert: Saudi Arabian Mining decreases 0.6%, leads Industrial investment sector lower

18 October 2017 14:36 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 0.6% to trade at SAR49.60 vs. the Industrial investment sector which weakened 74.5 points (or 0.6%) to 12,006.0. Representing a weighting of about 79.0% of the sector, the stock accounted for 76.6% of today's loss. Trading volume was 35% of average so far today.

Saudi Arabian Mining Company (SA:1211; SAU:1211; AB:1211)

ISIN: SA123GA0ITH7

PermID: 4297987722

Source: www.BuySellSignals.com