Thursday January 07, 2021 07 January 2021

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Riyad Bank (TASI:1010), Saudi Arabia's 4th largest Bank by market cap, has increased 10.0 hallalah (0.5%) from its previous trading session to close at SAR20.20. Compared with the All Share Index (TASI) which rose 66.4 points (0.8%) in the day, the relative price change was -0.3%.

The 200-day Moving Average Price (MAP) is SAR17.96, up from SAR17.94 on Wednesday. The price to MAP ratio is 1.12.

There were 884,196 shares worth SAR17.9 million ($4.8 million) traded today. The volume was 0.3 times the average daily trading volume of 2.8 million shares.

FY 2020

Riyad Bank continues downtrend, sinks 16% in FY 2020

Riyad Bank, Saudi Arabia's 4th largest Bank by market cap, has sunk SAR3.80 (or 15.8%) in FY 2020 to close at SAR20.20 on Thursday, December 31. Compared with the All Share Index (TASI) which has risen 4.1% in FY 2020, this is a relative price change of -20.0%.

The stock is amongst the bottom 3% of Saudi Arabia-listed stocks in 2020.

Average daily volume of 2 million shares in FY 2020 was 0.8 times the average daily volume in FY 2019.

Riyad Bank Stock Dashboard [traded in Saudi Riyal, SAR]

CurrencyUSD 1 = SAR 3.75 SectorBank
Jan 07 closeSAR20.20Shares Outstanding3,000,000,000
Ave Daily Volume2,755,142 sharesMarket CapSAR60.6 billion [$16.2 billion]
52-Week Range (In SAR)14.02 - 25.70

INDEX

SECTION 1 Recent News

SECTION 2 Corporate Profile

SECTION 3 Top shareholders

SECTION 4 Today's Bullish Signals

SECTION 5 Ongoing Bullish Parameters

SECTION 6 Today's Bearish Signals

SECTION 7 Ongoing Bearish Parameters

SECTION 8 Bank Metrics

SECTION 9 News Archives (Feb 2017 - Aug 2020)

SECTION 10 Currency Synopsis: Saudi Riyal (SAR)

SECTION 11 Historical Perspective

SECTION 12 Macroeconomic Indicators

SECTION 13 Credit Rating Summary

Glossary

DATA DOWNLOAD CENTER (Click on links); EXCEL TABLES ARE AVAILABLE TO EXPORT DATA AS FOLLOWS:

LINKS TO FURTHER INFORMATION ON 1010:

+ PRICE VOLUME - 5-YEAR HISTORY

+ PEER COMPARISON - STOCK IN BANK SECTOR AND STOCK IN INDICES

+ NEWS ARCHIVES - 1010 PAST 3 YEARS IN HTML:

+ PRICE VOLUME CHARTS IN HTML

+ EUR vs SAR EXCHANGE RATE CHARTS IN HTML

SECTION 1 Recent News

1.1 Press Releases

November 03 2020: Events Calendar: Riyad Bank announces hosting 2020 third quarter earnings conference call

As part of Riyadh Bank initiatives to increase transparency and disclosures, Riyad Bank will organize on Monday 2 November 2020 its Q3 2020 financial results earnings conference call with investors, analysts and investment houses, to discuss the results of Q3 2020.

Source: mubasher.info

1.2 People's News

Sun Dec 20, 2020

Abdul Majid Abdullah Al Mubarak's performance as CEO of Riyad Bank (TASI:1010) is ranked in the top 14% of BuySellSignals performers for the past three years; a percentile ranking of 86.6. In the last 3 years the average annualized return to shareholders was 21.9%. The 3-year average return is ranked 5,695 out of 42,430 public companies traded globally. The present value of US$1,000 (PV1000) invested 3 years ago is now worth $1,821; a capital gain of $741 and dividend reinvested of $80.

SECTION 2 Corporate Profile

2.1 Activities

Riyad Bank is a Saudi Arabia-based joint stock company operating in the banking and finance sector in compliance with Islamic Sharia. Its main activities are offered through three segments: personal banking, corporate banking and treasury and investment. Personal banking offers services, like current accounts, savings accounts, time deposits, credit cards, loans and borrowings. Its corporate segment provides business banking solutions, such as direct debit solutions, cash management, transfer solutions, online corporate banking, short and long term financing services, transfers and payroll solutions.

2.2 Contact Details

Websitehttp:// www.riyadbank.com
Physical AddressKing Abdul Aziz Road , PO Box 22622 , Riyadh 11416 , Saudi Arabia
Phone3030-401-1-966
Fax2707-404-1-966
Emailabdullah.al-shehri@riyadbank.com

2.3 Industry & Sector

Classification LevelName of Sector
Business SectorBanking & Investment Services
Industry GroupBanking Services
IndustryBanks
Economic SectorFinancials

SECTION 3 Top shareholders

Top 11 shareholders

Name of the Share Holder% of Capital
Public Investment Fund21.8
General Organization for Social Insurance - Saudi Arabia16.7
Al Nahla Trading and Contracting Co8.7
Assila Investments Co8.0
Hassana Investment Co4.9
Moutaz Qusai Hassan Al Azzawi0.04
Abdullah bin Mohammed Ibrahim Al Issa0.04
Ibrahim Hassan Abbas Sharbatly0.02
Mohammed Abdulaziz Sulaiman Al Afaleq0.003
Talal Ibrahim Abdulrahman Al Qudaibi0.002
Abdulrahman Amin Hassan Jawa0.0001

% held by Top 11 Shareholders 60.2%

SECTION 4 Today's Bullish Signals

4.1 Rank in the top 17% by Relative Valuation in the Saudi Arabian market

DescriptionValueRank
Price to Book Value1.5In Top 17%

4.2 Uptrend

Price/Moving Average Price of 1.12 and positive MACD:

- The price to 200-day MAP ratio is 1.12, a bullish indicator. In the past 200 days this ratio has exceeded 1.12, 24 times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of SAR19.79 is higher than the 200-day MAP of SAR17.96, a bullish indicator. The 200-day MAP has increased to SAR17.96. An increase is another bullish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) of 20.31 minus the 26-day EMA of 20.22 is positive, suggesting a bullish signal.

4.3 Undervaluation

MCap/Total Assets:

- Tobin's Q Ratio, defined as MCap divided by Total Assets, is 0.2. Compared with the rest of the market the stock is undervalued and ranks in the top 5% of stocks by value of Q Ratio.

4.4 Other Bullish Signals

- Return on Equity of 13.8% versus sector average of 12.8%.

- As per the Du Pont analysis, Return on Equity of 13.8% is better than sector average of 12.8%. This is computed as net profit margin of 52.3% times asset turnover [sales/assets] of 0.04 times leverage factor [total assets/shareholders' equity] of 6.6.

SECTION 5 Ongoing Bullish Parameters

5.1 Present Value of SAR1000 Invested in the Past [3 Mo, 3 Yrs]; The Best Periods with PVSAR1000 > 1,063

PVSAR1,0003 mo ago3 yrs ago
1010.TASISAR1,064SAR1,740
Bank sectorSAR1,071SAR1,306
All Share Index (TASI)SAR1,053SAR1,194

5.2 The Best Periods [3 Mo, 3 Yrs] with Price Change % > 6.3

3-Year price change of 66.4% for Riyad Bank outperformed the change of 20.1% in the All Share index (TASI) for a relative price change of 46.3%.

Price Change %Quarter3 Years
Riyad Bank6.466.4
Bank sector7.131.5
All Share index (TASI)4.120.1

5.3 Created Market Value [CMV] past 10 yrs of SAR18 billion ($4.8 billion)

- Market Capitalization has increased by SAR20.6 billion from SAR40 billion to SAR60.6 billion in the last 10 years. This increase comprises cumulative retained earnings (RETE) of SAR2.5 billion and Created Market Value of SAR18 billion. The Created Market Value multiple, defined by the change in MCap for every SAR1 of retained earnings is exemplary at SAR8.13.

5.4 Annualised Period-based Total Shareholder Returns [TSR %]: The Best Periods with TSR > 6.8%

TSR %3 yrs5 yrs10 yrs
1010.TASI20.114.96.9

5.5 Increased Volume, up 193% in 5 years

In the past five years, Average Daily Volume of Trading (ADVT) has increased 193.3% to 2.8 million shares.

Avg. Daily Volume Traded 12 months ended Jan 07, million shares

YearADVT
20212.8
20202.5
20191.0
20180.81
20170.94

5.6 Increased VWAP, up 75% in 5 years

In the past five years Volume Weighted Average Price (VWAP) has increased by 74.7% to SAR18.01. .

Past five years, 12 months ended Jan 07 (SAR)

YearHigh PriceVWAPLow Price
202125.718.0114.02
202029.7425.0618.93
201919.5615.4611.68
201812.2610.599.66
201711.4710.318.17

5.7 Increased share turnover, up 296% in 5 years

In the past five years, average daily share turnover has increased 295.7% to SAR35.4 million ($9.4 million). This suggests increased liquidity.

Past five years, 12 months ended Jan 07 (SAR million)

YearAverage Daily Turnover
202135.4
202060.9
201915.6
20188.5
20179.0

SECTION 6 Today's Bearish Signals

6.1 Momentum Down 2.0% Past Week

Riyad Bank underperformed the All Share index (TASI) in 4 out of 5 days. The price ranged between a low of 20.1 on Wednesday, Jan 06 and a high of 20.4 on Tuesday, Jan 05.

DayRiyad BankClose price [SAR]Price change %Relative change % *Comment
WednesdayDecreases 1.5%20.1-1.5-1.3Week-low of 20.1; Steepest Fall
TuesdayConsolidates after 2 days of consecutive rises20.40-0.2Week-high of 20.4
MondayRises for a second consecutive day, a two-day rise of 1.0%20.40.4-0.2Price/MAP50 above 1 and rising
SundayStrengthens above moving average price20.320.61.5Top Rise
ThursdayDecreases 1.5%20.2-1.5-0.7Price fall on slipping relative strength

* Relative change is price change of stock with respect to Benchmark Index, All Share index (TASI).

6.2 Rank in the bottom 24% by Price Performance in the Saudi Arabian market

DescriptionValueRank
Rel Strength 6 mo25In Bottom 24%
PV1000 [1 yr] $831In Bottom 4%

6.3 Downtrend

Past Quarter:

The Worst 3 weeks in the past quarter

In the past quarter the steepest fall of 3.9% took place in the week beginning Sunday November 29.

Sun-ThuChange %All Share index (TASI) Change %RPC %Vol Ind [1 is avg]
Nov 29-Dec 03-3.9-0.2-3.70.4
Oct 18-22-1.9-0.6-1.40.4
Dec 27-31-1.3-0.2-1.10.3

Trailing Relative Strength (6 months) at 25 percentile:

- The stock has a 6-month relative strength of 25 in the Saudi Arabian market of 176 stocks indicating it is trailing 75% of the market.

SECTION 7 Ongoing Bearish Parameters

7.1 Present Value of SAR1000 Invested in the Past Year; The Worst Period with PVSAR1000 < 832

PVSAR1,0001 yr ago
1010.TASISAR831
Bank sectorSAR933
All Share Index (TASI)SAR1,066

7.2 Past year: price fall of 16.9%

1-Year price change of -16.9% for Riyad Bank underperformed the change of 6.5% in the All Share index (TASI) for a relative price change of -23.4%.

Price Change %Year
Riyad Bank-16.9
Bank sector-6.7
All Share index (TASI)6.5

7.3 Moving Annual Return of -16.9% in the past year:

Moving Annual Return was -16.9% in the past year. Based on a dynamic start date of 5 years ago, the real rate of return has averaged 17.5%

1010Close (SAR)Dividends (SAR)Capital Gain / (Loss) %% YieldAnnual Return %
Jan 0720.2-(16.9)-(16.9)
1 Yr ago24.320.5527.52.930.4
2 Yrs ago19.070.3757360.1
3 Yrs ago12.140.311.72.814.5
4 Yrs ago10.870.7(6.4)6(0.4)

Close 5 years ago SAR11.62

7.4 Annualised Period-based Total Shareholder Returns [TSR %]: The Worst Period with TSR < -16.8%

TSR %1 yr
1010.TASI-16.9

7.5 Satisfies 3 out of 9 criteria of Joseph Piotroski [pass mark 5]:

- Positive net income.

- Positive operating cashflow.

- Good quality of earnings [operating cashflow exceeds net income].

SECTION 8 Bank Metrics

8.1 Bank Metrics (FY2019)

DescriptionSAR B FY2019SAR B FY2018]Change
Bank Revenue10.7 9 Up 19.5%

Favourable Changes:

- Bank Revenue up 19.5% from SAR9b to SAR10.7b

SECTION 9 News Archives (Feb 2017 - Aug 2020)

HTML PAGES ARE AVAILABLE TO EXPORT AS FOLLOWS:

http://www.buysellsignals.net/BuySellSignals/report/Saudi/Stock/Daily/Html/1010_Corporate_Wire.html

SECTION 10 Currency Synopsis: Saudi Riyal (SAR)

10.1 % Change of EUR vs Currency Basket Period-Based

In the past year the Euro rose 10.0% against the Saudi Riyal; in the past three years the Euro rose 2.2% against the Saudi Riyal.

LastCountry1-day %1-week %1-Year %3-Yrs %
EUR1=4.616SARSaudi Arabia0.40.110.02.2
EUR1=1.0EUREuropean Union0.0---
EUR1=1.691NZDNew Zealand-0.5-1.10.80.7
EUR1=127.062JPYJapan0.70.34.8-6.8
EUR1=10.371NOKNorway-0.8-1.55.37.1
EUR1=1.582AUDAustralia-0.5-1.2-1.93.3
EUR1=1.231USDUnited States Of America0.40.110.02.2
EUR1=24.301MXNMexico-0.8-1.315.45.0
EUR1=7.954CNYChina0.4-0.91.91.8
EUR1=9.543HKDHong Kong0.40.19.81.3
EUR1=1,337.29KRWSouth Korea0.3-2.44.5
EUR1=1.562CADCanada--0.67.74.5
EUR1=1.083CHFSwitzerland0.3-0.3-0.1-7.9
EUR1=10.058SEKSweden-0.1-4.52.5
EUR1=1.623SGDSingapore0.3-0.37.51.3
EUR1=0.907GBPUnited Kingdom0.50.36.62.1

10.2 % Change of SAR vs Currency Basket Period-Based

In the past three years the Saudi Riyal rose 2.2% against the South Korean Won. However, in the past year the Saudi Riyal fell 7.0% against the South Korean Won.

LastCountry1-day %1-week %1-Year %3-Yrs %
SAR1=289.488KRWSouth Korea-0.2-0.1-7.02.2
SAR1=27.422JPYJapan--0.3-5.1-9.0
SAR1=5.271MXNMexico-0.8-0.34.93.1
SAR1=2.173SEKSweden-0.6-0.3-13.3-0.1
SAR1=1.721CNYChina-0.2-1.1-7.5-0.5
SAR1=0.337CADCanada-0.8-1.1-2.51.8
SAR1=0.195GBPUnited Kingdom-0.5-0.3-3.5-0.7
SAR1=0.351SGDSingapore-0.2-0.6-2.4-0.8
SAR1=0.267USDUnited States Of America0.0---
SAR1=0.365NZDNew Zealand-1.3-1.5-8.8-1.9
SAR1=0.341AUDAustralia-1.3-1.8-11.20.6
SAR1=2.239NOKNorway-1.4-1.9-4.54.3
SAR1=2.068HKDHong Kong---0.2-0.8
SAR1=0.216EUREuropean Union-0.5-0.5-9.2-2.4
SAR1=0.234CHFSwitzerland-0.5-0.8-9.5-10.1

SECTION 11 Historical Perspective

Year-on-Year Comparison EUR/SAR (Trailing year - ended 06 Jan)

In the past 5 years, the EUR/SAR has jumped 14.1% from 4.05 to 4.62, an average compound annual appreciation of the EUR by 2.7%.

202120202019201820172016
Close4.624.194.274.523.954.05
% Change10-1.9-5.414.4-2.5-20.6
Range4.04 - 4.344.02 - 4.14

EUR1 buys SAR 4.62 today: Appreciation of EUR from 3.56 v/s SAR twenty years ago

Last5 Yrs ago10 Yrs ago15 Yrs ago20 Yrs ago
EUR/SAR4.624.034.884.453.56

Present Value of SAR1000 Invested in EUR 20 years ago is SAR1,296

PVSAR1,0005 yrs ago10 yrs ago20 yrs ago
EUR/SARSAR1,146SAR946SAR1,296

SECTION 12 Macroeconomic Indicators

INDICATOREURO AREA[EUR]SAUDI ARABIA[SAR]
GDP (Billion USD)13,336793
GDP growth yoy (%)-4.3-4.6
Interest rate (%)0.051.0
Inflation rate (%)-0.35.8
Unemployment rate (%)8.49.0
Budget / (Deficit) to GDP ratio (%)(0.6)(4.5)
Current account / (Deficit) to GDP ratio (%)2.36.3
Debt to GDP ratio (%)77.622.8

SECTION 13 Credit Rating Summary

Saudi Arabia:

Rating AgencyLong TermForeign CurrencyDescription
Moody'sAa3
S&PA-Strong capacity to meet financial commitments, but somewhat susceptible to adverse economic conditions and changes in circumstances. The minus (-) sign shows relative standing within the major rating category.
FITCHAAVery high credit quality: 'AA' ratings denote expectations of very low default risk. They indicate very strong capacity for payment of financial commitments.
DAGONGAA"AA" ratings denote expectations of very low default risk. It indicates that the issuer has a very strong capacity for payment of financial commitments. Although due to its relatively higher long-term risk, this capacity is not significantly vulnerable to any foreseeable event.

Glossary

ADVT: Average Daily Volume of shares Traded

Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Capital Gain/Loss from n Years Ago to n-1 Years Ago: Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)

Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods

PV1000: Present value of 1000 invested 1 year/'n' years ago

Price Close/Moving Avg Price: Latest Price/Moving Average Price

Price/NTA: Closing Share Price/Net Tangible Assets Per Share (times)

Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index

Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.

Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)

TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend

TTM: Trailing 12 Months

Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period

Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

Created by www.buysellsignals.com