Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Saudi Arabian Mining decreases further 0.2%, led Industrial investment sector lower 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).

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 0.3% to trade at SAR57.20 vs. the Industrial investment sector which weakened 25.9 points (or 0.2%) to 13,702.8. Representing a weighting of about 79.7% of the sector, the stock accounted for the loss. The shares have underperformed 92% of the market in the past week. Trading volume was 20% 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 change of -0.9%.

Technical indicators complementing today's significant downtrend:

+ The price dropped 3.9% in the last week.

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

Overvaluation:

+ Price/Sales of 6.2 [3.6]

+ Price to Book of 2.6 [2.2]

+ Return on Equity 2.7% [3.4%]

+ Return on Assets 0.8% [1.1%]

+ Return on Capital Employed 1% [1.3%]

Other Bearish Signals include:

+ Net profit margin has averaged 5.8% in the last 3 years. This is lower than the sector average of 6.9% and suggests a low margin of safety.

+ As per the Du Pont analysis, Return on Equity is less than stellar at 2.7%.

Note

Bullish Signals:

The positive 0.54 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

The 4.7% discount to 12-month high of SAR60.0 against the 44.8% premium to 12-month low of SAR39.50 suggests the stock continues to push for new highs.

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

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

TODAY'S ALERTS

Afternoon Alert: Saudi Arabian Mining decreases 0.2%, leads Industrial investment sector lower

12 June 2018 14:38 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 0.2% to trade at SAR57.30 vs. the Industrial investment sector which weakened 9.5 points (or 0.07%) to 13,719.1. Representing a weighting of about 79.7% of the sector, the stock accounted for the loss. The shares have underperformed 89% of the market in the past week. Trading volume was 94% of average so far today.

Morning Alert: Saudi Arabian Mining increases 0.3%, leads Industrial investment sector higher

12 June 2018 11:27 AST

Saudi Arabian Mining Company (TASI:1211) has increased 0.3% to trade at SAR57.60 vs. the Industrial investment sector which strengthened 46.2 points (or 0.3%) to 13,774.9. Representing a weighting of about 79.8% of the sector, the stock accounted for 81.8% of today's gain. Trading volume was 73% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Saudi Arabian Mining decreases 1.9%, led market lower all day

11 June 2018 16:49 AST

Saudi Arabian Mining, Saudi Arabia's largest industrial investment company by market capitalisation, has decreased 1.9% to trade at SAR57.40 vs. the All Share Index (TASI) which weakened 51.4 points (or 0.6%) to 8,227.2. Representing a weighting of about 3.9% of the index, the stock accounted for 11.7% of today's loss. The shares have underperformed 81% of the market in the past week. Trading volume was 11% of average at the end of the day. 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 -1.3%.

Afternoon Alert: Saudi Arabian Mining decreases 1.9%, leads market lower

11 June 2018 14:38 AST

Saudi Arabian Mining Company (TASI:1211) has decreased 1.9% to trade at SAR57.40 vs. the All Share Index (TASI) which weakened 14.9 points (or 0.2%) to 8,263.6. Representing a weighting of about 3.8% of the index, the stock accounted for 40.1% of today's loss. The shares have underperformed 81% of the market in the past week. Trading volume was 80% of average so far today.

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

ISIN: SA123GA0ITH7

PermID: 4297987722

Source: www.BuySellSignals.com