Qatar Stock Exchange - Corporate Earnings - Q3 2017

Transcription

1. KAMCO Research Qatar Stock Exchange - Corporate Earnings - Q3-2017 10 ,963 QR Mn 12,000 10,641 8,468 10,000 8,000 6,000 912 601 561 621 2,856 2,844 10,704 Quarterly Earnings Trend 10,816 10,714 9,527 2,481 4,381 5,085 5,506 5,310 Q4-15 Q1-16 Q2-16 Q3-16 792 502 1,978 795 213 1,199 4,000 2,000 5,338 5,308 Q2-15 Q3-15 9,225 1,661 478 1,940 703 303 1,814 723 346 2,003 5,304 5,496 5,634 Q1-17 Q2-17 Q3-17 7,104 998 516 1,523 638 1,844 37 412 1,888 9,083 3,851 0 Q4-16 -2,000 Banks & Financial Services Insurance Industrial Telecommunication Transportation Consumer Goods & Services Price to Earnings Ratio(x) Real Estate Total Earnings Price to Book Value Ration (x) 2.0 16.0 12.8 11.8 14.0 12.8 13.5 13.9 14.6 12.8 12.2 10.8 12.2 12.0 10.0 1.9 1.8 1.7 1.6 1.9 1.8 1.6 1.5 1.5 1.5 1.4 1.3 1.2 8.0 6.0 4.0 2.0 1.6 1.4 1.5 1.3 1.1 1.1 1.0 0.0 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Market Capitalization QAR Bn Div. Yield (%) 700 649 600 6% 606 546 558 500 531 559 564 559 5% 490 448 4.1% 4.4% 4.9% 3.9% 4% 4.7% 4.1% 3.9% 3.9% 4.0% 4.5% 400 3% 300 200 2% 100 1% 0% 0 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Mn Shares 700 Banking & Finance Industrial Real Estate Transport 74 600 Consumer Goods & Services Insurance Telecom 121 59 500 357 139 400 300 200 100 - 19 83 65 142 QAR Bn Quarterly Volume Traded 800 42 126 7 52 18 95 69 105 5 74 28 110 9 127 77 173 51 85 7 93 43 164 141 62 80 9 68 22 92 13 72 26 125 134 179 195 239 0.8 1.7 Consumer Goods & Services Insurance Telecom 8.9 166 20 76 5 111 16 15 151 8 39 19 30 Banking & Finance Industrial Real Estate Transport 25 171 25 76 34 Quarterly Value Traded 35 10 5 147 1.6 5.7 2.2 8.2 0.5 1.1 3.3 0.5 3.4 0.9 1.9 1.4 2.4 0.3 4.6 1.0 6.0 6.1 1.0 1.3 3.0 0.5 5.3 2.2 7.5 1.1 1.1 1.6 0.5 3.9 2.2 0.9 1.8 1.7 0.7 3.7 1.2 0.7 1.9 1.8 0.8 3.7 1.5 5.3 6.5 5.2 1.1 1.9 3.9 1.4 3.8 2.2 8.4 1.2 2.0 2.6 0.5 2.2 1.3 7.3 0.9 1.8 1.2 0.3 2.6 1.2 5.2 Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17 Source : Company Financials, Bloomberg,Reuters, KAMCO Research Q2-15 Q3-15 Q4-15 Q1-16 Q2-16 Q3-16 Q4-16 Q1-17 Q2-17 Q3-17
2. KAMCO Research Qatar Stock Exchange - Corporate Earnings - 9M-2017 Company Name (Figures in QAR Mn) Net Profit (Loss) 9M-2016 92 Net Profit (Loss) 9M-2017 106 Variance EPS 9M-2016 EPS 9M-2017 93 107 Net Profit (Loss) Q3-2016 92 Net Profit (Loss) Q3-2017 106 Variance Qatar National Bank (QNB) 9,653.15 10,251.48 6.2% 10.300 10.700 3,407.02 3,597.40 5.6% Qatar Islamic Bank 1,605.39 1,775.21 10.6% 6.580 7.510 550.08 610.11 10.9% Commercial Bank of Qatar 499.35 258.98 (48.1%) 1.390 0.650 79.39 NM 1,019.02 1,048.65 2.9% 3.810 3.610 310.62 333.14 7.2% Al Ahli Bank QSC 503.47 518.15 2.9% 2.510 2.590 170.73 175.94 3.0% Qatar International Islamic Bank 666.40 700.12 5.1% 4.400 4.630 223.30 234.87 5.2% 1,559.70 1,561.90 0.1% 2.080 2.083 508.72 542.01 6.5% 425.08 453.56 6.7% 1.180 1.260 104.78 133.75 27.6% Doha Bank Masraf Al Rayan Al Khalij Commercial Bank (Al Khaliji) (1.04) Qatar First Investment Bank 3.39 (139.60) NM 0.020 (0.700) (13.44) (62.93) National Leasing Holding Co. 5.06 (20.21) NM 0.100 (0.410) 1.13 (11.25) Dlala Brokerage & Investment Holding Co. 2.74 16.13 488.5% 0.096 0.570 1.49 2.17 45.7% 12.69 10.56 (16.8%) 0.403 0.335 (0.19) 0.00 NM 1.21 0.20 (83.7%) 0.210 0.030 0.25 (0.57) 15,956.63 16,435.12 3.0% Qatar Industrial Manufacturing 163.16 163.55 0.2% 3.430 Qatar National Cement Co. 355.48 242.81 (31.7%) 5.440 2,725.06 2,357.66 (13.5%) 220.32 193.25 Qatar & Oman Investment Co. Islamic Holding Group Banking & Financial Services Industries Qatar Co. Qatari Investors Group Qatar Electricity & Water Co. (368.3%) NM NM 5,263.47 5,634.02 7.0% 3.440 65.92 50.12 (24.0%) 3.720 103.79 74.71 (28.0%) 4.500 3.900 736.24 747.81 1.6% (12.3%) 1.770 1.550 61.58 41.04 (33.4%) 1,233.58 1,311.38 6.3% 11.210 11.920 442.31 500.82 13.2% Mannai Corporation 342.93 276.78 (19.3%) 7.520 6.070 123.29 110.30 (10.5%) Aamal Holding Co. 356.79 352.85 (1.1%) 0.570 0.560 101.17 112.50 11.2% Gulf International Services Co. 189.06 22.20 (88.3%) 1.020 0.120 28.35 6.37 (77.5%) Mesaieed Petrochemical Holding Co. 716.09 805.91 12.5% 0.570 0.640 226.41 337.32 49.0% 32.12 30.49 (5.1%) 0.390 0.370 (24.05) 21.58 NM 6,334.58 5,756.88 (9.1%) 2,002.57 7.4% Qatar Navigation Co. 758.73 362.75 (52.2%) 6.680 3.190 206.03 95.46 (53.7%) Gulf Warehousing Co. 150.11 157.26 4.8% 2.590 2.680 48.80 51.99 6.5% Qatar Gas Transport Co. (Nakilat) 747.77 606.36 (18.9%) 1.350 1.090 247.46 198.07 (20.0%) 1,656.61 1,126.37 (32.0%) 502.29 345.52 (31.2%) 451.59 435.86 (3.5%) 1.280 1.230 119.78 151.91 26.8% Barwa Real Estate Co. 1,497.62 1,222.43 (18.4%) 3.850 3.140 297.07 310.48 4.5% Ezdan Holding Group 1,293.10 1,410.61 9.1% 0.490 0.530 365.96 256.06 (30.0%) 74.01 17.65 (76.2%) 0.640 0.152 13.32 4.19 (68.5%) Investment Holding Group Industrial Transportation United Development Co. Mazaya Qatar Real Estate Development Co. 1,865.01
3. Qatar Stock Exchange - Corporate Earnings - 9M-2017 Net Profit (Loss) 9M-2016 3,316.33 Net Profit (Loss) 9M-2017 3,086.55 Qatar Insurance Co. 710.84 304.12 (57.2%) 2.620 1.120 108.68 Doha Insurance Co. 30.07 34.70 15.4% 0.600 0.690 9.10 189.78 35.29 (81.4%) 2.170 0.400 104.13 Company Name (Figures in QAR Mn) Real Estate Qatar General Insurance & Reinsurance Co. EPS 9M-2016 Variance EPS 9M-2017 (6.9%) Net Profit (Loss) Q3-2016 796.13 Al Khaleej Takaful Group Co. 18.60 16.63 (10.6%) 0.730 0.650 3.77 Qatar Islamic Insurance Co. 50.12 999.41 50.15 0.1% (55.9%) 3.340 3.340 14.38 240.06 5.720 4.870 Insurance OOREDOO Telecommunication Zad Holding Co. 440.88 1,831.77 1,558.68 (14.9%) 1,831.77 1,558.68 (14.9%) 143.01 146.88 Qatar German Co. For Medical Devices (5.23) Salam International Investment Co. Ltd. 70.21 (3.76) Medicare Group 35.50 36.25 Qatar Cinema & Film Distribution Co. Qatar Fuel Co. Widam Food Co. Al Meera Consumer Goods Co. Consumer Goods & Services Total Qatar Market (6.30) 2.7% (20.3%) Net Profit (Loss) Q3-2017 722.64 (200.78) 0.74 (4.40) 0.18 14.08 (190.18) Variance (9.2%) NM (91.8%) NM (95.3%) (2.1%) NM 369.91 461.90 24.9% 369.91 461.90 24.9% 6.640 6.820 29.30 32.19 (0.450) (0.550) (1.21) (1.98) 9.9% (63.3%) NM 0.610 (0.030) 22.66 (21.51) 2.1% 1.260 1.290 4.80 3.67 (23.7%) NM 693.8% 7.61 7.50 (1.4%) 1.210 1.200 0.23 1.79 777.05 643.16 (17.2%) 7.820 6.470 236.68 270.11 14.1% 67.22 80.15 19.2% 3.730 4.450 23.03 26.01 12.9% 6.840 6.840 136.85 136.70 (0.1%) 34.50 34.34 (0.4%) 1,232.21 1,040.58 (15.6%) 349.98 344.62 (1.5%) 31,327.52 29,445.07 (6.0%) 9,386.84 9,321.09 (0.7%) Different Fiscal Year Companies Vodafone Qatar (DFY: 1H-17) Source : Company Financials, Bloomberg,Reuters, KAMCO Research (163.55) (153.55) 6.1% (0.190) (0.180) (63.96) (96.41) (50.7%)
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