Saudi Arabia Daily Market Report - 27 December

Transcription

1. Daily Market Report Saudi Arabia Stock Exchange 27 December 2016 TASI Index Turnover (SAR mn) 7,166.4 4,619.2 Global commentary TASI Intra Day Movement Intraday Previous Close  US and European stock markets were closed on Monday on account of Christmas holidays.  GCC markets ended the session on a mixed note on Monday. Dubai rose 0.8%, witnessing better trading volumes, while Abu Dhabi gained 0.4%, led by Eshraq Properties. Further, Kuwait added 0.3%. However, Qatar declined 0.5%, dragged down by telecom and banking stocks, while Bahrain and Oman dropped 0.3% and 0.1%, respectively.  Most Asian markets are trading up this morning, but the trading volumes are thin amid Christmas break. The Nikkei 225 is up 0.3%, backed by the weaker yen, while the KOSPI is trading up 0.2%. However, the Shanghai Composite Index is down 0.1%, while the Hang Seng Index is closed on account of a holiday.  Brent and WTI contracts did not trade on Monday owing to Christmas holidays. 10:00 10:15 10:30 10:45 11:00 11:15 11:30 11:45 12:00 12:15 12:30 12:45 13:00 13:15 13:30 13:45 14:00 14:15 14:30 14:45 7,220 7,210 7,200 7,190 7,180 7,170 7,160 7,150 7,140 7,130 Research Department research@alrajhi-capital.com Tel:+966 11 211 9370 -0.34% -17% TASI – Activity Trend (Last 10 Days) Thousands Turnover (LHS, SAR bn) TASI Index (RHS) 6 9,000 8,500 8,000 7,500 7,000 6,500 6,000 5,500 5,000 4 2 26-Dec 25-Dec 22-Dec 21-Dec 20-Dec 19-Dec 18-Dec 15-Dec 14-Dec 13-Dec - Saudi commentary  Tadawul All Share Index (TASI) lost 24.59 points or 0.34 % to close at 7,166.36. Twelve of the fifteen sector indices closed lower. The advance decline ratio was 78/87. Trading turnover was around SAR 4.6bn. Regional Indices WTD% 1.1 -0.8 0.7 0.4 1.0 -0.2 0.8 0.6 YTD% 3.7 -0.8 1.8 3.4 12.7 5.9 -0.7 4.4  SAMA urges motor insurance companies to give clients better quotes: Saudi Arabian Monetary Authority, SAMA, has required all auto insurance companies to provide discounted insurance rates for clients with no history of accident claims, effective April 1, 2016. (Argaam)  Major Com m odities / Currencies Close 1D % WTD % Gold Spot $/Oz 1,137 0.2 0.3 Silver Spot $/Oz 15.84 0.7 0.6 Crude Oil (Brent) 55.15 0.0 0.0 OPEC Basket 52.25 0.5 1.9 Euro 1.04 -0.1 -0.2 USD Index 103.08 0.1 0.1 JPY 117.360 -0.2 0.0 Sadara Chemical increases capital by 15%: Sadara Basic Services Co.’s parent company Sadara Chemical (Sadara) has increased its capital by 15.5 percent to SAR 27.94 billion, Sadara Basic said in a statement to the Saudi bourse. (Argaam) YTD % 7.1 14.3 21.2 67.1 -3.9 4.5 2.4  SRMG inks SAR 425 mln deal to expand services: Saudi Research and Marketing Group (SRMG) on Saturday signed an agreement through its wholly-owned subsidiary TAOQ Public Relations with an international advertising and company to offer services across Europe, Middle East & Africa (EMEA). (Argaam)  Major Global Indices Close DJ Industrial 19,934 S&P 500 2,264 Nikkei 225 19,397 Hang seng 21,575 FTSE 100 7,068 CAC 40 4,840 MSCI World 1,758 MSCI EM 842 YTD % 14.4 10.8 1.9 -1.5 13.2 4.4 5.8 6.1 Othaim plans more stores in Egypt, Saudi after opening 33 branches in 2016: Abdullah Al Othaim Markets Co. (Othaim Market) plans to open new branches across Egypt after launching 14 stores this year in the North African country, Aljazira newspaper reported, citing Abdulaziz Al Othaim, board member and head of the retail department. (Argaam) KSA (TASI) Qatar (DSM) Kuw ait (KSE) Abu Dhabi (ADSM) Dubai (DFM) Oman (MSM30) Bahrain (BSE) MSCI GCC Close 7,166 10,344 5,714 4,456 3,552 5,727 1,208 474 1D% -0.3 -0.5 0.2 0.4 0.8 -0.1 -0.3 0.6 1D % WTD % 0.1 0.0 0.1 0.0 0.0 -0.2 -0.3 0.0 0.1 0.0 0.1 0.0 0.0 0.0 0.1 0.1 Interest Rates 1M 3M 12M 3M Chg 1Y LIBOR (USD) 0.76 1.00 1.69 0.39 SAIBOR 1.82 2.04 2.44 0.54 EIBOR 0.96 1.44 2.14 0.39 Data Sources: Bloomberg Updated as of 27/Dec/2016 8:05 AM Please see penultimate page for additional important disclosures. Al Rajhi Capital (Al Rajhi) is a foreign broker-dealer unregistered in the USA. Al Rajhi research is prepared by research analysts who are not registered in the USA. Al Rajhi research is distributed in the USA pursuant to Rule 15a-6 of the Securities Exchange Act of 1934 solely by Rosenblatt Securities, an SEC registered and FINRA-member broker-dealer. 1
2. Daily Market Report Saudi Arabia Stock Exchange TASI – Large Cap (>10% Index weight) Sectors’ Performance TASI – Top Gainers / Losers 1D % (LHS) 3.0 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 MTD % (LHS) YTD % (RHS) 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 TASI Petrochem Banks Telecom TASI – Mid Cap (5 -10% index weight) Sectors’ Performance 1D % (LHS) MTD % (LHS) 25.0 5.0 20.0 4.0 15.0 3.0 10.0 2.0 5.0 1.0 0.0 0.0 -5.0 -1.0 Real Estate Agri -10.0 TASI – Small Cap (<5% index weight) Sectors’ Performance 1D % (LHS) 20 MTD % (LHS) YTD % (RHS) 15 10 5 Media Hotels Multi invt Transport Energy Retail Building Industries Cement 0 -5 50.0 40.0 30.0 20.0 10.0 0.0 -10.0 -20.0 -30.0 -40.0 -50.0 -60.0 Last Price 52Wk High 15.23 15.23 19.39 19.39 17.90 18.00 26.05 26.20 72.50 73.00 Chg % 9.9 9.6 8.3 4.4 3.6 Vol (mn) Value Trd (SAR mn) 0.120 3.73 2.008 46.97 3.679 151.45 2.479 98.39 2.727 35.76 Company Saudi Chem Co Saudi Elec Saudi Printing & Pkg Saudi Kayan Petro Rabigh Last Price 40.0 22.6 20.4 8.9 11.8 Chg % -4.6 -3.0 -2.9 -2.6 -2.4 Vol (mn) Value Trd (SAR mn) 0.312 12.50 8.092 187.47 3.649 75.52 12.510 113.21 2.923 34.84 TASI – Top Index Movers / Losers (Heavy weight stocks) % Diff 0.0% 0.0% 0.6% 0.6% 0.7% Company NIC NCB Dur Samba Zain Saudi Last Price 17.72 42.15 24.08 23.79 8.45 Chg % 2.3 0.4 9.6 0.3 2.4 Index Imp Value Trd (SAR mn) 2.3 1.19 1.3 0.74 0.8 2.01 0.7 0.12 0.6 7.29 Company Saudi Elec Sabic Al Rajhi Bk Saudi Kayan Maaden Last Price 22.59 92.30 63.00 8.89 39.05 Chg % -3.0 -0.6 -0.4 -2.6 -1.1 Index Imp Value Trd (SAR mn) -5.1 187.47 -3.3 254.21 -3.0 100.98 -2.4 113.21 -1.8 56.00 Chg % -1.7 -0.1 -2.6 -3.0 1.3 2.4 1.5 1.1 3.3 2.1 Vol (mn) Value Trd (SAR mn) 30.006 178.20 14.691 220.50 12.510 113.21 8.092 187.47 7.650 105.61 7.289 61.15 4.890 29.49 4.647 67.98 4.584 38.82 4.063 77.36 TASI – Volume Leaders Company Last Price Dar Al Arkan 5.88 Alinma Bk 14.97 Saudi Kayan 8.89 Saudi Elec 22.59 Takw een Advanced 13.72 Zain Saudi 8.45 Saudi Re For Coo 6.04 Saptco 14.53 Malath Insurance 8.57 Alinma Tokio Mar 18.85 TASI - Stocks Closer to 52 Week Low TASI – Stocks Closer to 52 Week High Company Sanad Coop Ins Weqaya For Takaf Know Econ City Saudi Real Estate STC Last Price 31.00 24.08 42.23 39.78 13.10 YTD % (RHS) 6.0 Insurance Company Tihama Dur Arabian Shield Al Sagr Coop Ins United Co-Operat Value Trd (SAR mn) 0.000 0.000 21.645 5.614 22.278 Company Sanad Coop Ins Weqaya For Takaf Etihad Atheeb Malath Insurance Tabuk Cement Last Price 52Wk Low 15.23 15.23 19.39 19.39 2.95 2.80 8.57 7.10 12.70 10.25 % Diff 0.0% 0.0% 5.4% 20.7% 23.9% Value Trd (SAR mn) 0.000 0.000 1.795 38.818 1.055 Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 2
3. Daily Market Report Saudi Arabia Stock Exchange Performance of Regional markets Last Index Change (%) Close 1D 1M YTD Saudi Arabia 7,166 -0.3 2.4 3.7 Qatar 10,344 -0.5 5.6 -0.8 Dubai 3,552 0.8 5.7 12.7 Abu Dhabi 4,456 0.4 3.4 3.4 Kuw ait 5,714 0.2 2.9 1.8 Oman 5,727 -0.1 4.4 5.9 Bahrain 1,208 -0.3 2.9 -0.7 Data Sources: Al Rajhi Capital, Bloomberg MCap US$ bn 446 131 83 118 86 17 19 Country Dubai – Activity Trend (Last 10 Days) Turnover (LHS, AED bn) Turnover US$ mn 1,231 31 147 22 54 4 2 P/E (x) 12M 17.0 15.0 11.6 11.5 19.4 10.8 9.9 Dubai – Sector Performances 1.6 DFMGI Index (RHS) 3,650 1.2 3,600 3,550 0.8 Volume mn shr 230 4.5 440 47 164 8 6.4 1D % (LHS) 10.0 MTD % (LHS) YTD % (RHS) 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 5.0 ADSMI Index (RHS) 0.5 Services Telcom Transport Investment Insurance Reality Bank DFM Abu Dhabi – Activity Trend (Last 10 Days) Turnover (LHS, AED bn) 0.0 26-Dec 25-Dec 22-Dec 21-Dec 20-Dec 19-Dec 18-Dec 15-Dec 3,400 14-Dec 0.0 13-Dec 3,450 Abu Dhabi – Sector Performances 1D % (LHS) MTD % (LHS) YTD % (RHS) 14.0 10.0 8.0 4,500 6.0 4.0 2.0 Consumer Insurance Services Industrial Fin.Services Banks Telecome Energy ADSM 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 -20.0 Kuwait – Sector Performances 1D % (LHS) 3.0 MTD % (LHS) YTD % (RHS) 25.0 Oil&Gas Healthcare Insurance Basic material Consumer Telecom -1.5 Services -1.0 Parallel -5.0 Fin. Services 0.0 Bank 0.0 Real estate 5.0 0.5 Industrial 10.0 1.0 Investment 15.0 1.5 KSE 20.0 2.0 -0.5 Div Yld 12M (%) 3.2 3.9 3.9 5.5 4.2 5.1 4.6 Company DXB Entertainments Deyaar Devt Takaful Emarat Ins Union Properties Gulf General Inv Last Price Change % 1.34 3.9 0.63 2.0 2.64 1.9 1.17 1.7 0.51 1.6 Vol (mn) 59.46 27.19 0.01 96.75 5.31 Company Marka Shuaa Capital Gulf Navigation Takaful House Dubai Islamic Ins Last Price Change % 1.50 -2.6 1.49 -1.3 1.58 -1.3 0.45 -1.0 0.55 -0.7 Vol (mn) 4.38 10.30 0.43 0.17 0.07 Company Last Price Change % Al Wathba Natl Ins 5.31 14.9 RAK Ceramics 2.38 3.5 Al Khazna Ins 0.36 2.9 Alkhaleej Investment 1.18 2.6 Agthia Group 6.95 1.9 Vol (mn) 0.275 0.249 0.082 0.025 0.010 Company Methaq Takaful Intl Fish Farming Sharjah Islamic Bk Aldar Prop NA Vol (mn) 6.717 2.271 0.095 2.927 NA Last Price Change % 0.91 -4.2 1.87 -1.6 1.49 -0.7 2.64 -0.4 NA NA Kuwait – Top Gainers / Losers 2.5 Technology 5,460 5,440 5,420 5,400 5,380 5,360 5,340 5,320 5,300 5,280 6-Nov 3-Nov 2-Nov 1-Nov 31-Oct 30-Oct 26-Oct 25-Oct 27-Oct Turnover (LHS, KWD mn) KWSEIDX Index (RHS) 40 35 30 25 20 15 10 5 0 24-Oct Thousands Kuwait – Activity Trend (Last 10 Days) Real Estate 26-Dec 25-Dec 22-Dec 21-Dec 20-Dec 19-Dec 18-Dec 15-Dec 14-Dec 13-Dec 4,000 0.0 -2.0 -4.0 P/B (x) Current 1.7 1.6 1.3 1.4 1.0 1.1 0.4 Abu Dhabi – Top Gainers / Losers 5,000 12.0 0.0 P/E (x) 2017E 14.2 -4.0 1.0 6.3 8.5 -8.2 NA Dubai – Top Gainers / Losers 3,500 0.4 P/E (x) 2016E 15.4 13.9 11.7 11.9 NA 9.3 NA -10.0 -15.0 Company Last Price Change % GFH 116 9.4 Hets telecom 39.5 6.8 City finance 44.5 6.0 Human Soft 1780 6.0 Al Salam Group Hldg 45.5 5.8 Vol (mn) 2.431 3.600 1.380 0.055 11.872 Company Hilal Cement Co Housing Finance Kuw ait Fin & Invest Ifa Hotels & Res Al-Mazaya Hldg Vol (mn) 0.004 3.627 0.044 0.000 2.566 Last Price Change % 118 -7.8 48.5 -6.7 33 -5.7 160 -4.8 110 -3.5 -20.0 Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 3
4. Daily Market Report Saudi Arabia Stock Exchange 10 .0 8.0 6.0 4.0 MSM 30 Bank Industry Services 2.0 0.0 Bahrain – Sector Performances Last Price Change % 0.227 3.2 0.107 1.9 0.115 1.8 0.640 1.3 0.164 0.6 Vol (mn) 0.055 0.158 0.171 0.211 0.830 Company Sembcorp Bank Nizw a Bank Muscat NA NA Last Price Change % 0.235 -4.1 0.078 -1.3 0.410 -1.0 NA NA NA NA Vol (mn) 0.078 2.459 0.325 NA NA 1D % (LHS) MTD % (LHS) Bahrain – Top Gainers / Losers YTD % (RHS) Services 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 -1.5 -2.0 Company NBO Gulf Invest Svcs Al Sharqiya Inv Ooredoo Al Anw ar Holding -2.0 6-Nov 3-Nov 2-Nov 1-Nov 31-Oct 30-Oct 27-Oct 26-Oct 25-Oct 1,152 1,150 1,148 1,146 1,144 1,142 1,140 1,138 Oman – Top Gainers / Losers YTD % (RHS) Industries BHSEASI Index (RHS) 9.0 8.0 7.0 6.0 5.0 4.0 3.0 2.0 1.0 24-Oct Thousands Turnover (LHS, BHD mn) MTD % (LHS) Insurance Bahrain – Activity Trend (Last 10 Days) 1D % (LHS) Hotel & T ourism 1-Nov 31-Oct 30-Oct 27-Oct 26-Oct 25-Oct 24-Oct 0 0.6 0.5 0.4 0.3 0.2 0.1 0.0 -0.1 -0.2 -0.3 -0.4 -0.5 Banks 4 6-Nov 8 3-Nov MSM30 Index (RHS) 5,540 5,520 5,500 5,480 5,460 5,440 5,420 2-Nov Turnover (LHS, OMR mn) Oman – Sector Performances BSE Oman – Activity Trend (Last 10 Days) 0.0 -2.0 -4.0 -6.0 -8.0 -10.0 -12.0 -14.0 -16.0 -18.0 Company NBB Ahli United Bk BMMI NA NA Last Price Change % 0.705 2.2 0.635 0.8 0.835 0.6 NA NA NA NA Vol (mn) 0.002 0.300 0.025 NA NA Company Bahrain Islamic Bk Khaleeji Com Bk Albaraka Banking Nass Corp NA Last Price Change % 0.108 -6.1 0.055 -3.5 0.470 -2.1 0.105 -0.9 NA NA Vol (mn) 0.153 0.170 0.081 0.100 NA Data Sources: Al Rajhi Capital, Bloomberg Disclosures Please refer to the important disclosures at the back of this report. 4
5. Daily Market Report Saudi Arabia Stock Exchange IMPORTANT DISCLOSURES FOR U .S. PERSONS This research report was prepared by Al Rajhi Capital (Al Rajhi), a company authorized to engage in securities activities in Saudi Arabia. Al Rajhi is not a registered broker-dealer in the United States and, therefore, is not subject to U.S. rules regarding the preparation of research reports and the independence of research analysts. This research report is provided for distribution to “major U.S. institutional investors” in reliance on the exemption from registration provided by Rule 15a-6 of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”). 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