Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Almarai keeps sliding: down 6.1% in 4 days 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).

Almarai, Saudi Arabia's largest agriculture & food industries company by market capitalisation, extended its slide on Tuesday, shedding an additional 40.0 hallalah (or 0.7%) to trade at SAR58.20. Trading volume was 53% of average at the end of the day. The shares have fallen SAR3.80 (or 6.1%) over the past four trading days vs. the All Share Index (TASI) which has fallen 1.3% in the same period.

Technical indicators complementing today's significant downtrend:

+ The negative 0.11 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 6.1% in the last week and sank 4.3% in the last month.

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

Overvaluation:

+ Price/Sales of 10.4 [2.5]

+ Price to Book of 4 [3.2]

Note

Almarai today is at a discount of 25.0% to the 12-month high of SAR77.62 on 02 Jul, 2017. It is at a premium of 17.9% to the 12-month low of SAR49.35 on 11 Feb, 2018.

The stock has outperformed 60% of the Saudi Arabian market over the past 6 months.

Bullish Signals:

Tobin's Q Ratio is 1.8. Compared with the rest of the market the stock is undervalued.

Net profit margin has averaged 29.3% in the last 3 years. This is considered superior and suggests a high margin of safety.

As per the Du Pont analysis, Return on Equity of 15.1% is better than sector average of 12.3%.

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

Undervaluation:

Return on Equity 15.1% [12.3%]

Return on Assets 6.8% [5.4%]

Return on Capital Employed 8.5% [7.7%]

TODAY'S ALERT

Morning Alert: Almarai decreases 0.5%, leads Food & Beverages lower

12 June 2018 11:27 AST

Almarai Company (TASI:2280) has decreased 0.5% to trade at SAR58.30 vs. the Food & Beverages which weakened 14.6 points (or 0.3%) to 4,892.4. Representing a weighting of about 64.7% of the index, the stock accounted for the loss. The shares have underperformed 94% of the market in the past week. Trading volume was 42% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Almarai decreases further 0.2%, led Food & Beverages lower

11 June 2018 16:49 AST

Almarai, Saudi Arabia's largest agriculture & food industries company by market capitalisation, has dropped 2.0% to trade at SAR58.60 vs. the Food & Beverages which weakened 92.8 points (or 1.9%) to 4,906.9. Representing a weighting of about 64.8% of the index, the stock accounted for 69.9% of today's loss. Trading volume was 35% 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 -1.4%.

Afternoon Alert: Almarai decreases 1.8%, leads Food & Beverages lower

11 June 2018 14:38 AST

Almarai Company (TASI:2280) has decreased 1.8% to trade at SAR58.70 vs. the Food & Beverages which weakened 31.4 points (or 0.6%) to 4,968.3. Representing a weighting of about 64.2% of the index, the stock accounted for the loss. Trading volume was 34% of average so far today.

Almarai Company (SA:2280; SAU:2280; AB:2280)

ISIN: SA000A0ETHT1

PermID: 4295887336

Source: www.BuySellSignals.com