GCC Morning Brief - 27 March

Transcription

1. U Capital Research U Capital Morning Brief GCC Market Indices 27 March 2017 Current Close Previous Close Change D /D MTD YTD Index Index Point % % % Muscat Securities Market Saudi Stock Exchange Kuwait Stock Exchange Qatar Exchange Bahrain Stock Exchange 1,014.20 1,146.52 1,008.48 64.22 5,654.02 6,874.12 7,040.51 10,412.85 1,378.55 1,008.91 1,156.20 1,016.23 64.37 5,635.08 6,878.68 7,043.46 10,445.24 1,375.55 5.29 -9.68 -7.75 -0.15 18.94 (4.56) (2.95) (32.39) 3.00 0.52% -0.84% -0.76% -0.23% 0.34% -0.07% -0.04% -0.31% -1.92% -1.57% -1.52% -1.82% -2.18% -1.41% 3.80% -2.70% -3.68% -2.69% -1.00% -1.53% -2.23% -4.66% 22.48% -0.23% 0.22% 2.14% 12.95% Dubai Financial Market 3,468.48 3,461.43 7.05 0.20% -4.46% -1.77% Abu Dhabi Sec. Exchange 4,465.19 4,495.28 (30.09) -0.67% -1.91% -1.79% U-Capital Oman 20 Index U-Capital GCC 50 Index U-Capital MENA 200 Index Bloomberg GCC200 Index Source: Bloomberg World Markets* Country Value Change Europe FTSE 100 DAX CAC 40 D/D Commodity Prices* Price Change D/D USD USD % Brent Crude (per bbl) Updated 50.74 (0.06) (0.12) WTI Crude (per bbl) Updated 47.81 (0.16) (0.33) Oman Crude Oil 49.90 0.32 0.65 1,256.52 13.07 1.05 Silver (per oz) 17.87 0.10 0.57 Platinum (per oz) 972.80 8.40 0.87 Copper, MT 5,804.00 (21.00) (0.36) Aluminium, MT 1,939.00 5.50 0.28 Lead, MT 2,353.00 (14.00) (0.59) Zinc, MT 2,831.00 17.00 0.60 Nickel, MT 9,870.00 (160.00) (1.60) % United Kingdom Germany France 7,336.8 12,064.3 5,020.9 (3.89) 24.59 (11.86) (0.05) 0.20 (0.24) USA USA USA 20,596.7 2,344.0 5,828.7 (59.86) (1.98) 11.05 (0.29) (0.08) 0.19 NIKKEI 225 Japan 18,996.5 (266.11) (1.38) HANG SENG Hongkong 24,290.7 (67.55) (0.28) (Last Clo sing) United States DJIA S&P 500 NASDAQ Asia Pacific Selected Middle East Tunis Se Index Tunis 5,545.3 0.40 0.01 EGX 30 Index Egypt 13,108.2 76.16 0.58 Blom Stock Index Lebanon 1,231.2 0.02 0.00 Gold100 OZ (per oz) So urce: B lo o mberg, U-Capital- at 8:30A M M uscat time Source: Bloomberg, U-Capital- at 8:30AM M uscat time Cross Rate for Major Currencies* Currency Code USD/1 Unit Units/1 USD Euro EUR 1.084 0.922 Bri ti s h Pound GBP 1.253 0.798 Ja pa nes e Yen JPY 0.009 110.410 Chi nes e Renmi nbi CNH 0.146 6.854 Indi a n Rupee INR 0.015 65.120 Rus s i a n Rubl e RUB 0.018 56.918 Ca na di a n Dol l a r CAD 0.750 1.333 Aus tra l i a n Dol l a r AUD 0.763 1.310 Source : Bloomberg Not e: all prices/ indices are updat ed t ill 8:30 AM M uscat t ime.* market s are closed on Sat urday and Sunday 1 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
2. U Capital Research OMAN ECONOMIC & CORPORATE NEWS Central bank of Oman, Iran sign agreement Oman’s central bank has signed a memorandum of understanding (MoU) with its counterpart in Iran. The MoU aims at strengthening the extensive bilateral relations, while enhancing cooperation between the two countries. It also aims to support and develop banking, financial and economic operations in both the Sultanate and Iran. Source: Times of Oman Sultanate Q3 FDI exceeds 7.02b rials Foreign direct investment (FDI) in the Sultanate at the end of the third quarter of 2016 exceeded 7.02 billion rials, according to an update from the National Centre for Statistics & Information. Source: Oman Tribune Real estate traded contracts value hit 218m rials in Feb The value of traded contracts in February stood at 218.43 million rials while the collected fees amounted to 5,988,916 rials. Abdullah Bin Salim Al Mukhaini, Secretary of the Real Estate Registry at the Ministry of Housing, said the real estate activity involved 29,827 transactions that included sale, grant, inheritance, exchange, mortgage and mortgage redemption, usufruct and division transactions. Source: Oman Tribune MIDDLE EAST ECONOMIC & CORPORATE NEWS Moody's upgrades Boubyan’s rating to "A3" Moody's Investors Service on Thursday upgraded its long-term deposit rating on Boubyan Bank to "A3" from "Baa1". The baseline credit assessment rating was also raised to "A2(cr)/Prime-1(cr)" from "A3(cr)/Prime-2(cr)". The bank's adjusted baseline credit assessment (BCA) to "a3" from "baa1", according to the Moody’s statement. Source: Mubasher Goldman Sachs in Talks for Saudi Arabian Equities License Goldman Sachs Group Inc. is in preliminary talks for an equities license in Saudi Arabia as the U.S. lender seeks to take advantage of the country’s economic reforms, according to people familiar with the matter. Source: Bloomberg Emaar Malls Bids for Dubai's Souq.com to Challenge Amazon Emaar Malls PJSC, the shopping-center unit of Dubai’s largest publicly traded property developer, bid for online retailer Souq.com in a challenge to an offer made by Amazon.com Inc., according to people familiar with the matter. Source: Bloomberg Saudi Electricity gets additional Murabaha finance of SAR 3 bln Saudi Electricity Co. (SEC) has secured an additional Murabaha finance worth SAR 3 billion, raising its total loan to SAR 8 billion, the company said in a statement. No guarantees were provided for the additional finance, which was secured from Arab National Bank (ANB), Samba Financial Group (SAMBA), National Commercial Bank (NCB), and Banque Saudi Fransi (BSF), under the modified agreement. Source: Argaam Jabal Omar buys out Makkah Construction’s stake for SAR 360 mln Jabal Omar Development Co. has decided to acquire Makkah Construction and Development Co.’s remaining 35.96 million shares in the developer for SAR 359.56 million. Source: Argaam Ooredoo to pay $18.75m to GMTN holders 19 April Ooredoo International Finance Limited, a wholly-owned subsidiary of Ooredoo, will make interest payments to its Global Medium Term Note (GMTN) holders on 19 April 2017, according to a bourse filing. Source: Mubasher INTERNATIONAL ECONOMIC & CORPORATE NEWS U.S. equity futures at six-week low after Trump healthcare setback U.S. equity index futures fell to a six-week low on Sunday in a sign Wall Street would start the week defensively after Republicans pulled legislation to overhaul the U.S. healthcare system in a stunning setback for President Donald Trump. Sources: Reuters 2 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
3. U Capital Research China Southern in talks over American Airlines tie-up China Southern Airlines (600029.SS)(1055.HK)(ZNH.N) is in talks over a tie-up with American Airlines (AAL.O) that could involve the U.S. carrier taking a stake in the state-owned airline, boosting routes between the world's two largest travel markets. Source: Reuters COMMODITIES NEWS OPEC says producers achieve 94% compliance with output deal in February Members of OPEC and other producers from outside the oil cartel have achieved a compliance rate of 94 percent with the supply cut deal in February, an increase of 8 percentage points when compared to January. Source: Argaam Oil Producers Consider Extending Output Cuts as Support Grows Oil producers pledged to consider extending their pact limiting supply, as half a dozen nations said more time was needed to drain swollen stockpiles. Five OPEC members and Oman backed an extension, with Kuwait saying it should be for six months. Source: Reuters <Please scroll down for information on Proposed Cash Dividends of Companies for 2016> 3 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
4. U Capital Research Proposed Cash Dividend for 2016 Company Name 2016 NAT . PHARMACEUTICAL IND. OMAN REFRESHMENT OMAN FIBER OPTIC OMAN PACKAGING AREEJ VEGET. OILS AND DERIV AL BATINAH DEV. INV. HOLDING MUSCAT THREAD MILLS OMAN CHROMITE COMPUTER STATIONERY IND GULF STONES OMAN NATIONAL ENGINE. INVT GULF HOTELS NATIONAL BISCUIT INDUSTRIES RAYSUT CEMENT SEMBCORP SALALAH** HOTELS MANAGEMENT CO. INT NATIONAL DETERGENT AL KAMIL POWER MUSCAT GASES BANK MUSCAT SWEETS OF OMAN UBAR HOTELS and RESORTS AL SHARQIA INVESTMENT HOLDING ALMAHA PETROLEUM PRODUCTS MAR OOREDOO AL OMANIYA FINANCIAL SER AL JAZEERA SERVICES* OMAN CEMENT COMPANY PHOENIX POWER SALALAH BEACH RESORT SAOG OMAN ORIX LEASING AL JAZEERA STEEL PRODUCTS** OMAN OIL MARKETING AL BATINAH POWER AL SUWADI POWER ALMAHA CERAMICS OMAN CABLES INDUSTRY NATIONAL BANK OF OMAN GULF INTERNATIONAL CHEMICALS BANK DHOFAR SHELL OMAN MARKETING SALALAH PORT SERVICES NATIONAL GAS PORT SERVICES CORPORATION MUSCAT NATIONAL HOLDING TAAGEER FINANCE AHLI BANK AL MADINA TAKAFUL MUSCAT FINANCE OMAN UNITED INSURANCE OMAN CHLORINE SALALAH MILLS OMAN INVESTMENT AND FINANCE SMN POWER HOLDING VOLTAMP ENERGY A'SAFFA FOODS SAOG OMINVEST UNITED FINANCE NATIONAL FINANCE DHOFAR BEVERAGES FOOD STUFF GLOBAL FINANCIAL INVESTMENT OMANTEL HSBC OMAN BANK SOHAR AL ANWAR CERAMIC TILES Cash Div DPS OMR Proposed Cash OMR Div payout Dividend 10.0% 100.0% 30.0% 20.0% 20.0% 8.0% 2.5% 10.0% 10.0% 10.0% 10.0% 25.0% 15.0% 65.0% 13.8% 75.0% 50.0% 10.0% 30.0% 25.0% 40.0% 4.0% 5.0% 100.0% 42.0% 17.0% 15.0% 30.0% 7.9% 8.0% 9.0% 23.0% 60.0% 9.0% 10.0% 30.2% 85.0% 15.9% 28.5% 13.5% 106.0% 20.0% 11.0% 55.0% 10.0% 9.5% 10.0% 6.0% 10.0% 30.0% 15.0% 40.0% 16.0% 16.0% 18.0% 20.0% 15.0% 8.0% 14.0% 5.0% 5.0% 110.0% 5.0% 5.0% 8.0% 0.010 0.100 0.300 0.020 0.200 0.008 0.003 0.100 0.010 0.010 0.010 0.250 0.150 0.065 0.014 0.750 0.050 0.010 0.030 0.025 0.040 0.004 0.005 0.100 0.042 0.017 0.015 0.030 0.008 0.080 0.009 0.023 0.060 0.009 0.010 0.030 0.085 0.016 0.029 0.014 0.106 0.020 0.011 0.055 0.100 0.010 0.010 0.006 0.010 0.030 0.015 0.040 0.016 0.016 0.018 0.020 0.015 0.008 0.014 0.005 0.005 0.110 0.005 0.005 0.008 500,000 5,000,000 2,164,535 648,717 1,380,000 240,000 36,965 300,000 100,000 363,000 1,000,000 857,081 150,000 13,000,000 13,173,093 2,250,000 850,625 962,500 900,000 62,406,256 280,000 200,070 450,000 6,900,000 27,339,658 4,553,680 918,064 9,926,181 11,554,552 500,000 2,259,355 2,872,653 3,676,500 6,073,987 7,144,063 1,587,600 7,624,500 23,478,518 598,500 20,853,835 10,070,000 3,596,748 605,000 5,227,200 500,000 2,409,105 14,250,361 1,050,000 2,667,156 3,000,000 1,021,555 1,926,523 3,200,000 3,194,170 1,089,000 2,400,000 9,536,863 2,486,120 3,795,755 100,000 1,000,000 82,500,000 10,001,564 8,022,497 2,369,709 38.0% 48.4% 85.3% 49.3% 89.1% 62.7% 55.7% 61.3% 79.6% 96.9% 80.1% 49.4% 23.2% 62.7% 90.0% 119.9% 76.8% 25.8% 111.9% 35.3% 55.8% 42.3% 40.6% 85.3% 59.0% 68.4% 58.3% 77.1% 62.6% 100.4% 40.8% 62.4% 38.3% 73.2% 78.8% 75.9% 50.0% 42.1% 102.4% 43.8% 62.9% 62.8% 21.6% 192.4% 37.3% 53.8% 48.1% 63.2% 54.4% 74.0% 49.9% 52.2% 55.3% 27.2% 30.0% 52.5% 39.9% 55.2% 59.8% 75.4% 117.0% 70.7% 59.3% 42.0% 139.4% 9.1% 4.6% 6.6% 6.7% 4.9% 9.3% 2.7% 2.7% 3.8% 8.3% 6.8% 2.4% 4.0% 4.7% 5.6% 60.0% 7.1% 3.2% 5.4% 6.4% 3.0% 3.1% 4.3% 6.9% 7.8% 6.1% 8.5% 6.0% 5.5% 5.8% 6.9% 10.6% 3.2% 5.0% 5.4% 6.6% 5.0% 6.3% 9.8% 5.2% 5.3% 3.2% 2.2% 18.6% 5.8% 7.6% 5.0% 6.5% 7.4% 7.1% 3.1% 2.9% 6.9% 2.3% 3.2% 3.0% 2.8% 5.3% 9.0% 1.9% 3.0% 7.7% 3.9% 3.3% 5.1% 421,093,814 53.2% 6.4% AGM Date 22-Feb-17 1-Mar-17 1-Mar-17 1-Mar-17 1-Mar-17 5-Mar-17 8-Mar-17 8-Mar-17 8-Mar-17 8-Mar-17 12-Mar-17 13-Mar-17 14-Mar-17 14-Mar-17 14-Mar-17 15-Mar-17 15-Mar-17 15-Mar-17 16-Mar-17 19-Mar-17 19-Mar-17 19-Mar-17 19-Mar-17 20-Mar-17 20-Mar-17 21-Mar-17 21-Mar-17 21-Mar-17 21-Mar-17 22-Mar-17 22-Mar-17 23-Mar-17 23-Mar-17 23-Mar-17 23-Mar-17 26-Mar-17 26-Mar-17 26-Mar-17 26-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 27-Mar-17 28-Mar-17 28-Mar-17 28-Mar-17 28-Mar-17 28-Mar-17 28-Mar-17 29-Mar-17 29-Mar-17 29-Mar-17 29-Mar-17 29-Mar-17 30-Mar-17 30-Mar-17 30-Mar-17 30-Mar-17 30-Mar-17 NA Source: MSM Note: Proposed dividends of companies with year end of *Ordinary shareholders only **Total dividends 4 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net
5. U Capital Research Ubhar Capital SAOC (U Capital) Website: www.u-capital.net PO Box 1137 PC 111, Sultanate of Oman Tel: +968 2494 9000 Fax: +968 2494 9099 Email: research@u-capital.net Disclaimer: This report has been prepared by research department in Ubhar Capital SAOC (U Capital), and is provided for information purposes only. Under no circumstances is to be used or considered as an offer to sell or solicitation of any offer to buy. While all reasonable care has been taken to ensure that the information contained therein is not untrue or misleading at the time of publication, we make no representation as to its accuracy or completeness and it should not be relied upon as such, and the bank accepts no responsibility whatsoever for any direct or indirect consequential loss arising from any use of this report or its contents. All opinions and estimates included in this document constitute U Capital’s Research department judgment as of the date of production of this report, and are subject to change without notice. This report may not be reproduced, distributed or published by any recipient for any purpose. 5 P.O.BOX 1137, PC 111 – CPO, Sultanate of Oman l CR No. 1279406 l Tel: +968 2494 9000 l Fax: +968 2494 9099 l Email: info@u-capital.net l Web: www.u-capital.net