Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Tabuk Cement accelerates rise, now up 7.4% in 2 days 20 September 2018 16:49 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).

Tabuk Cement, Saudi Arabia's 12th largest cement company by market capitalisation, is up 84.0 hallalah (or 7.4%) over the past two trading days. After rising 3% on Wednesday, the stock rose 4.3% on Thursday to trade at SAR12.14 vs. the All Share Index (TASI) that is up 1.6% in the same period.

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

Undervaluation:

+ Price to Book of 0.9 [1.0]

Bullish Signals:

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

Note

Tabuk Cement today is at a discount of 21.5% to the 12-month high of SAR15.46 on 11 Feb, 2018. It is at a premium of 21.4% to the 12-month low of SAR10.0 on 12 Oct, 2017.

The stock has underperformed 62% of the Saudi Arabian market over the past 6 months.

Bearish Signals:

The negative 0.33 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 0.5% in the last month.

Net profit margin has averaged 14.5% in the last 3 years. This is lower than the sector average of 39.6% and suggests a low margin of safety.

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

Overvaluation:

Price/Sales of 6.3 [4.0]

TODAY'S ALERT

Afternoon Alert: Tabuk Cement accelerates rise, now up 6.9% in 2 days

20 September 2018 14:38 AST

Tabuk Cement Co. (TASI:3090) is up 78.0 hallalah (or 6.9%) over the past two trading days. After rising 3% on Wednesday, the stock rose 3.8% on Thursday to trade at SAR12.08 vs. the All Share Index (TASI) that is up 1.5% in the same period.

RECENT ALERTS

CLOSING UPDATE: Tabuk Cement decreases further 0.5% - underperforming 93% of stocks

16 September 2018 16:48 AST

Tabuk Cement, Saudi Arabia's 12th largest cement company by market capitalisation, has dropped 38.0 hallalah (or 3.3%) today to trade at SAR11.22 and has underperformed 93% of the market in the past week. Compared with the All Share Index (TASI) which fell 120.8 points (or 1.6%) in the day, this represented a relative price change of -1.7%.

Morning Alert: Tabuk Cement drops 2.8% - underperforming 98% of stocks

16 September 2018 11:25 AST

Tabuk Cement Co. (TASI:3090) has dropped 32.0 hallalah (or 2.8%) today to trade at SAR11.28 and has underperformed 98% of the market in the past week.

Tabuk Cement Co. (SA:3090; SAU:3090; AB:3090)

ISIN: SA0007879535

PermID: 4295887366

Source: www.BuySellSignals.com