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The PEX records an average PE of 11.2x and average P/BV of 1.18x in Q1 2018

2018-05-10

Sahem Weekly Trading Report (06-10)-05-2018

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.

 


 

2018-08-16
Scarce liquidity amid extending the legal period for the semi-annual disclosures

2018-08-15
AZIZA reports net income of $1.53 million in the first half of 2018

2018-08-15
NIC reports net income of $1.72 million in the first half of 2018

2018-08-15
TIC reports net income of $2.23 million in the first half of 2018

2018-08-15
TRUST records net income of $4.04 million in the first half of 2018

2018-08-15
BJP records net income of JD0.20 million in the first half of 2018

2018-08-15
AIG records net income of $1.48 million in the first half of 2018

2018-08-14
GUI records net income of $0.99 million at the end of the first half of 2018

2018-08-14
RSR reports net income of JD0.19 million at the end of the first half of 2018

2018-08-14
APIC reports net income of $8.04 million at the end of the first half of 2018

2018-08-13
NSC reports net income of JD0.01 million in H1 2018

2018-08-13
NAPCO records net income of JD0.09 million in the first half of 2018

2018-08-13
BPC reports net income of $5.60 million in the first half of 2018

2018-08-13
ELECTRODE records net income of JD0.03 million in the first half of 2018

2018-08-13
ARAB records net income of JD0.03 million in the first half of 2018

2018-08-12
APC records net income of JD0.29 million at the end of the first half of 2018

2018-08-09
A transaction on the stocks of PADICO Holding revives the PEX trading value

2018-08-02
PALTEL records JD36.62 million net income in H1 2018

2018-08-02
Al-Quds Index increases and the PEX enters the last third of the legal period of H1 disclosures

2018-08-02
UCI records net income of $0.90 million in H1 2018

 

 

 
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