Palestine Weekly Trading Report - 06 to 10 May

Transcription

1. Weekly Trading Report [60-06/05] 2018 “Al Quds Index closes at the level of 544.69 points” The PEX records an average PE of 11.2x and average P/BV of 1.18x in Q1 2018 Al-Quds Index closed this week at the level of 544.69 points; down by 0.23% than its previous weekly closing level. Whereby, Palestine Stock Exchange PEX witnessed medium liquidity levels coinciding with the increase in the prices of some leading stocks with the heaviest weights in Al-Quds Index than their equivalent price after approving the dividends distribution. On the other hand, with the disclosures’ completion of 44 companies out of 48 listed companies required to disclose their data by the end of the first quarter of 2018, the PEX records an average PE ratio of 11.2x and an average P/BV of 1.18x. Regarding the data of the PEX’s sectors, the banking and financial services’ sector contributed in 28.85% from total disclosed companies’ profits attributable to the parent companies. Whereby, all companies in the sector recorded profits by the end of Q1 2018. According to the disclosed data, the average PE of the sector records 12.4x, and average P/BV reached 1.16x. This came despite the decrease in the sector’s profits attributable to the parent companies by 5.52%. While, Bank of Palestine BOP constitutes the lion’s share of 52.44% from the total achieved profits attributable to parent companies in the sector. In the insurance sector, 6 out of 7 listed companies among the sector disclosed their Q1 2018 financial results; where 83% of the disclosed companies in the sector recorded an increase in their profits attributable to the parent companies. In this context, the sector’s profits attributable to the parent companies increased by 23.57% in Q1 2018. According to the disclosed data, the insurance sector records an average PE of 4.6x; the lowest value among all sectors, and records an average P/BV of 0.91x; also the lowest among all sectors. In another context, the profits attributable to the parent companies in the services sector contributed by the highest percentage of 37.08% from the total disclosed companies among all sectors in the PEX. Where 78% of the disclosed companies in the sector achieved profits attributable to the parent companies in Q1 2018, whereas, 29% of the disclosed companies in the sector realized net losses compared to the corresponding period of 2017, while; two companies didn’t disclose their financial results for Q1 2018 within the granted period by the PEX. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 98.44% from the total sector’s profits attributable to the parent companies, in which increased in total by 9.86% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 9.8x, and average P/BV of 1.38x- the highest value among all sectors-. On the other hand, the investment sector’s profits attributable to the parent companies contributed in 14.80% from the total disclosed companies’ profits attributable to the parent companies, while, the investment sector’s profits attributable to the parent companies increased by 7.25% in Q1 2018, to record an average PE of 16.1x and average P/BV of 1.04x. Regarding the Industry sector, it witnessed a decrease in the sector’s profits attributable to the parent companies by 10.79% in Q1 2018; constituting 10.49% from total sector’s profits attributable to the parent companies, whereby, Birzeit Pharmaceuticals BPC and the Vegetable Oil Industries Company VOIC achieved the highest profits, in which both contributed for 58.42% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 11.5x and average P/BV of 1.17x.
2. Weekly Report Market Indices & Top Gainers Index/ PEX Opening Closing Change 545.95 544.69 -0.23% 159.79 159.1 Industry 99.88 Insurance Investment Services Al Quds Symbol Opening Closing Change PICO 2.75 3.48 26.55% -0.43% NIC 3.35 3.64 8.66% 99.95 0.07% PEC 1.24 1.29 4.03% 75.54 79.23 4.88% RSR 2.85 2.95 3.51% 29.49 28.55 -3.19% WATANIYA 0.90 0.92 2.22% 40.82 41.04 0.54% PALAQAR 0.47 0.48 2.13% Banking & Financial Services Summary of the Week Performance Item Current Week Last Week Change Daily Average Ratio of this Week Daily average of Change Ratio 2016 # of Shares 3,810,927 6,218,595 -38.72% 762,185 1,115,900 -31.70% Value in USD 7,095,363 10,372,545 -31.59% 1,419,073 1,930,330 -26.49% Most Active Companies This Week # of Traded Total value Shares (USD) APIC 560,087 PALTEL AIB Company Name 52 Weeks Price Open Price Close Price % Change 1,152,126 2.04 2.07 142,142 872,209 4.35 525,312 840,464 1.60 QUDS 388,108 775,317 BOP 268,671 PICO High Low 1.47% 2.30 1.62 4.34 -0.23% 4.85 4.21 1.60 0.00% 1.90 1.50 2.01 2.00 -0.50% 2.40 1.32 669,955 2.52 2.52 0.00% 2.67 2.40 189,930 597,239 2.75 3.48 26.55% 3.48 2.22 ISBK 259,385 505,200 1.98 1.95 -1.52% 2.34 1.89 PADICO 362,851 478,779 1.35 1.32 -2.22% 1.64 1.19 PIBC 298,414 384,927 1.28 1.27 -0.78% 1.43 0.95 PRICO 379,774 267,453 0.49 0.49 0.00% 0.65 0.45 A registered member at PEX, regulated by PCMA Tel 02-2965710 / Fax: 02-2965713 / P.O. Box: Ramallah (2187) E-mail: Research@Sahem-inv.com