Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Arabian Mining increases losses by 0.2%, led Industrial investment sector lower 18 January 2018 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).

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 0.2% to trade at SAR55.80 vs. the Industrial investment sector which weakened 26.3 points (or 0.2%) to 13,219.9. Representing a weighting of about 80.7% of the sector, the stock accounted for 72.2% of today's loss. Trading volume was 18% of average at the end of the day. Compared with the All Share Index (TASI) which fell 0.7 points (or 0.01%) in the day, this represented a relative price change of -0.2%.

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

Overvaluation:

+ Price/Sales of 5.8 [3.3]

+ Price to Book of 2.4 [2.0]

+ Return on Equity 1.4% [3.9%]

+ Return on Assets 0.4% [1.3%]

+ Return on Capital Employed 1.4% [2.1%]

Bearish Signals:

+ 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.

Note

Bullish Signals:

The positive 0.75 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 2.1% discount to 12-month high of SAR57.0 against the 44.9% premium to 12-month low of SAR38.50 suggests the stock continues to push for new highs.

In the Saudi Arabian market, the stock's relative price strength percentile is improving at 73 for 6 months, 77 for 3 months and 85 for 1 month.

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

The price climbed 5.1% in the last week and jumped 8.3% in the last month.

The present value of SAR1,000 invested one year ago is SAR1,404 [vs SAR1,100 for the All Share Index (TASI)].

Tobin's Q Ratio is 0.7. Compared with the rest of the market the stock is undervalued.

TODAY'S ALERT

Morning Alert: Saudi Arabian Mining decreases 0.4%, leads Materials lower

18 January 2018 11:30 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 0.4% to trade at SAR55.70 vs. the Materials which weakened 17.0 points (or 0.3%) to 5,250.0. Representing a weighting of about 11.4% of the index, the stock accounted for 12.7% of today's loss. Trading volume was 40% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saudi Arabian Mining increases further 0.4%, led Industrial investment sector higher

17 January 2018 16:47 AST

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has increased 1.6% to trade at SAR55.90 vs. the Industrial investment sector which strengthened 168.9 points (or 1.3%) to 13,246.1. Representing a weighting of about 80.7% of the sector, the stock accounted for the gain. The shares have outperformed 88% of the market in the past week. Trading volume was 53% of average at the end of the day. Compared with the All Share Index (TASI) which rose 8.2 points (or 0.1%) in the day, this represented a relative price increase of 1.5%.

Afternoon Alert: Saudi Arabian Mining increases 1.3%, leads Industrial investment sector higher

17 January 2018 14:38 AST

Saudi Arabian Mining Company (TASI:1211) has increased 1.3% to trade at SAR55.70 vs. the Industrial investment sector which strengthened 134.0 points (or 1%) to 13,211.3. Representing a weighting of about 80.7% of the sector, the stock accounted for the gain. The shares have outperformed 87% of the market in the past week. Trading volume was 1.5 times average so far today.

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

ISIN: SA123GA0ITH7

PermID: 4297987722

Source: www.BuySellSignals.com