Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Jabal Omar Development increases further 0.5%, led Real Estate Development index higher 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).

Jabal Omar Development, Saudi Arabia's largest real estate company by market capitalisation, has lifted 2.4% to trade at SAR40.0 vs. the Real Estate Development index which strengthened 80.7 points (or 2.2%) to 3,760.0. Representing a weighting of about 42.4% of the index, the stock accounted for 47.1% of today's gain. Trading volume was 54% 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 increase of 1.9%.

Bullish Signals:

+ Tobin's Q Ratio is 1.3. Compared with the rest of the market the stock is undervalued.

Note

Jabal Omar Development today is at a discount of 47.1% to the 12-month high of SAR75.60 on 02 Jul, 2017. It is at a premium of 13.6% to the 12-month low of SAR35.20 on 29 May, 2018.

Bearish Signals:

The negative 1.53 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

In the last three months the stock has hit a new 52-week low twenty-two times, pointing to a significant downtrend.

The price plummeted 10.0% in the last month.

The present value of SAR1,000 invested one year ago is SAR602 [vs SAR1,212 for the All Share Index (TASI)].

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

Overvaluation:

Price to Book of 3.9 [1.5]

TODAY'S ALERT

Afternoon Alert: Jabal Omar Development increases 1.9%, leads Real Estate Development index higher

12 June 2018 14:38 AST

Jabal Omar Development Company (TASI:4250) has increased 1.9% to trade at SAR39.80 vs. the Real Estate Development index which strengthened 71.6 points (or 1.9%) to 3,750.9. Representing a weighting of about 42.4% of the index, the stock accounted for 41.7% of today's gain. Trading volume was 72% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Jabal Omar Development decreases 0.6%, led Real Estate Development index lower

07 June 2018 16:49 AST

Jabal Omar Development, Saudi Arabia's largest real estate company by market capitalisation, has decreased 0.6% to trade at SAR41.75 vs. the Real Estate Development index which weakened 18.3 points (or 0.5%) to 3,836.6. Representing a weighting of about 42.9% of the index, the stock accounted for 54.4% of today's loss. Compared with the All Share Index (TASI) which fell 38.8 points (or 0.5%) in the day, this represented a relative price change of -0.1%.

Afternoon Alert: Jabal Omar Development increases 0.6%, leads Real Estate Development index higher

07 June 2018 14:37 AST

Jabal Omar Development Company (TASI:4250) has increased 0.6% to trade at SAR42.25 vs. the Real Estate Development index which strengthened 11.1 points (or 0.3%) to 3,865.9. Representing a weighting of about 43.1% of the index, the stock accounted for 88.5% of today's gain. The shares have outperformed 98% of the market in the past week. Trading volume was 76% of average so far today.

Jabal Omar Development Company (SA:4250; SAU:4250; AB:4250)

ISIN: SA000A0MR864

PermID: 4295887321

Source: www.BuySellSignals.com