Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: AXA Cooperative Insurance decreases gains by 1.1% on firm volume 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).

AXA Cooperative Insurance, Saudi Arabia's 5th largest insurance company by market capitalisation, traded on heavy volume of 1.2 times average today while the price climbed SAR1.24 (or 5.3%) to trade at SAR24.50. Compared with the All Share Index (TASI) which fell 0.7 points (or 0.01%) in the day, this represented a relative price increase of 5.3%.

Technical indicators complementing today's significant uptrend:

+ The positive 1.16 MACD (Moving Average Convergence Divergence) indicator suggests a bullish signal.

+ In the Saudi Arabian market, the stock's relative price strength percentile is improving at 65 for 6 months, 94 for 3 months and 98 for 1 month.

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

+ The price jumped 8.4% in the last week and soared 28.8% in the last month.

+ The present value of SAR1,000 invested one year ago is SAR1,415 [vs SAR1,100 for the All Share Index (TASI)].

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

Undervaluation:

+ Price to Book of 2.2 [3.0]

Other Bullish Signals include:

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

Note

Bearish Signals:

Net profit margin has averaged 2.9% in the last 3 years. This suggests the company is less profitable with a low margin of safety.

As per the Du Pont analysis, Return on Equity of 8.5% is lower than sector average of 17.3%.

Overbought/Bearish:

The 1.9% discount to 12-month high of SAR24.98 against the 47.1% premium to 12-month low of SAR16.65 suggests the climb might be peaking.

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

Overvaluation:

Return on Equity 8.5% [17.3%]

Return on Assets 2.7% [4.7%]

TODAY'S ALERT

Afternoon Alert: AXA Cooperative Insurance jumps 6.5% on firm volume

18 January 2018 14:39 AST

AXA Cooperative Insurance Company (TASI:8250) traded on heavy volume of 1.1 times average so far today while the price jumped SAR1.52 (or 6.5%) to trade at SAR24.78.

RECENT ALERTS

Morning Alert: AXA Cooperative Insurance in 3rd consecutive rise, nears a 12-month high

17 January 2018 11:30 AST

AXA Cooperative Insurance Company (TASI:8250) extended its gains Wednesday, rising an additional 36.0 hallalah (or 1.5%) to trade at SAR23.94. The stock increased 1.97% on Monday and 3.42% on Tuesday bringing its 3-day rise to 7.1%. It is now approaching its 243-day high of SAR24.14.

CLOSING UPDATE: AXA Cooperative Insurance lifts 3.4% - outperforming 92% of stocks

16 January 2018 16:47 AST

AXA Cooperative Insurance, Saudi Arabia's 5th largest insurance company by market capitalisation, has lifted 78.0 hallalah (or 3.4%) today to trade at SAR23.58 and has outperformed 92% of the market in the past week. A price rise combined with a high relative strength is a bullish signal. Compared with the All Share Index (TASI) which rose 48.3 points (or 0.7%) in the day, this represented a relative price increase of 2.8%.

AXA Cooperative Insurance Company (SA:8250; SAU:8250; AB:8250)

ISIN: SA12A0540T12

PermID: 4298546997

Source: www.BuySellSignals.com