Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: The National Shipping Company of Saudi Arabia decreased further 0.3%, led Transport sector lower 25 July 2017 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).

The National Shipping Company of Saudi Arabia, Saudi Arabia's largest transport company by market capitalisation, has sunk 5.7% to trade at SAR33.01 vs. the Transport sector which weakened 167.7 points (or 1.6%) to 10,478.9. Representing a weighting of about 49.4% of the sector, the stock accounted for the loss. The shares have underperformed 99% of the market in the past week. Trading volume was 1.8 times average at the end of the day. Compared with the All Share Index (TASI) which fell 24.6 points (or 0.3%) in the day, this represented a relative price change of -5.3%.

Technical indicators complementing today's significant downtrend:

+ The negative 0.26 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

+ The price tumbled 7.5% in the last week and plummeted 11.4% in the last month.

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

Overvaluation:

+ Return on Assets 8.2% [9.2%]

+ Return on Capital Employed 8.9% [10.5%]

Other Bearish Signals include:

+ As per the Du Pont analysis, Return on Equity of 17.5% is lower than sector average of 18.6%.

Note

The National Shipping Company of Saudi Arabia today is at a discount of 25.5% to the 12-month high of SAR44.30 on 01 Jan, 2017. It is at a premium of 16.6% to the 12-month low of SAR28.30 on 29 Sep, 2016.

Bullish Signals:

Total Liabilities/EBITDA of 4.1 is less than the Joseph Piotroski benchmark of <5.

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

Net profit margin has averaged 21.6% in the last 3 years. This is considered superior and suggests a high margin of safety.

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

Undervaluation:

Price/Sales of 1.9 [2.1]

Price to Book of 1.3 [1.7]

Dividend yield of 7.6% [6.2%]

TODAY'S ALERTS

Afternoon Alert: The National Shipping Company of Saudi Arabia sinks 5.4%, leads Transport sector lower

25 July 2017 14:34 AST

The National Shipping Co. of Saudi Arabia (TASI:4030) has sunk 5.4% to trade at SAR33.10 vs. the Transport sector which weakened 147.6 points (or 1.4%) to 10,499.0. Representing a weighting of about 49.4% of the sector, the stock accounted for the loss. The shares have underperformed 99% of the market in the past week. Trading volume was 2.9 times average so far today.

Morning Alert: The National Shipping Company of Saudi Arabia sinks 5.7%, leads market lower

25 July 2017 11:22 AST

The National Shipping Co. of Saudi Arabia (TASI:4030) has sunk 5.7% to trade at SAR33.0 vs. the All Share Index (TASI) which weakened 18.2 points (or 0.2%) to 7,234.3. Representing a weighting of about 0.8% of the index, the stock accounted for 19.3% of today's loss. The shares have underperformed 99% of the market in the past week. Trading volume was 3.8 times average so far today.

RECENT ALERTS

Afternoon Alert: The National Shipping Company of Saudi Arabia decreases 0.3%, leads Transport sector lower

23 July 2017 14:34 AST

The National Shipping Co. of Saudi Arabia (TASI:4030) has decreased 0.3% to trade at SAR35.35 vs. the Transport sector which weakened 3.9 points (or 0.04%) to 10,780.1. Representing a weighting of about 51.4% of the sector, the stock accounted for the loss. The shares have underperformed 94% of the market in the past week. Trading volume was 61% of average so far today.

CLOSING UPDATE: The National Shipping Company of Saudi Arabia decreased 1.0% - underperforming 97% of stocks

20 July 2017 16:47 AST

The National Shipping Company of Saudi Arabia, Saudi Arabia's largest transport company by market capitalisation, has decreased 36.0 hallalah (or 1.0%) today to trade at SAR35.47 and has underperformed 97% of the market in the past week. Compared with the All Share Index (TASI) which rose 31.6 points (or 0.4%) in the day, this represented a relative price change of -1.4%.

The National Shipping Co. of Saudi Arabia (SA:4030; SAU:4030; AB:4030)

ISIN: SA0007870054

PermID: 4295887322

Source: www.BuySellSignals.com