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The PEX records PE of 12.17x and average P/BV of 1.06x in H1 2018

2018-09-06

Sahem Weekly Trading Report (02-06)-09-2018

In the first week of September Al-Quds Index increased by 0.92% than its previous weekly closing level, to record 541.86 points, where Palestine Stock Exchange PEX witnessed weak trading, which lacks any institutional transactions. In the other hand, the PEX witnessed a momentum of significant news this week,The general assembly of the Arab Palestinian Investment Company APIC will be holding a meeting on 19/09/2018, whereby, will discuss acquiring 50% of Medical Supplies and Services Co. MSS, to become the fully owner of the company. This will happen through a strategic deal to aquire the stake of Mr. Walid Kayyali through a private placement of 7.00 million shares of $2.15 per share. Therefore this will raise APIC'S paid-up capital from $75 million to $82 million. In another context, The general assembly GA of Dar Al-Shifa'a for the Manufacturing of Pharmaceuticals PHARMACARE approved, in its extraordinary meeting on 09/08/2018, distributing either 8% cash dividends to its shareholders as for the general assembly date or 2.20% stocks dividends. Whereby, the shareholders’ have the right to decide between cash dividends and stocks dividends and inform the company within ten days from the date of notification.On the other hand, with the disclosures’ completion of 46 companies out of 48 listed companies required to disclose their data by the end of the first half of 2018, the PEX records an average PE ratio of 12.17 and an average P/BV of 1.06x.

Regarding the data of the PEX’s sectors, the banking and financial services’ sector contributed in 29.86% from total disclosed companies’ profits attributable to the parent companies. Whereby, all companies in the sector recorded profits by the end of H1 2018. According to the disclosed data, the average PE of the sector records 12.86x, and average P/BV reached 0.88x- the lowest value among all sectors,. This came despite the decrease in the sector’s profits attributable to the parent companies by 1.01%. While, Bank of Palestine BOP constitutes the lion’s share of 50.18% from the total achieved profits attributable to parent companies in the sector. In the same context, the insurance sector contributed in 7.41% from total disclosed companies’ profits attributable to the parent companies. where 71.42% of the disclosed companies in the sector recorded an increase in their profits attributable to the parent companies. but the sector’s profit attributable to the parent companies slightly decreased by 0.53% in H1 2018. According to the disclosed data, the insurance sector records an average PE of 9.12x; the lowest value among all sectors, and records an average P/BV of 1.23x.

In the service sector, 9 out of 11 listed companies among the sector disclosed their H1 2018 financial results; where the services sector contributed by the highest percentage of 36.45% 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 H1 2018, whereas, 22% 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 H1 2018 within the granted period by the PEX. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 91.91% from the total sector’s profits attributable to the parent companies, in which increased in total by 11.87% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 10.61x, and average P/BV of 1.30x.

On the other hand, the investment sector’s profits attributable to the parent companies contributed in 15.88% from the total disclosed companies’ profits attributable to the parent companies, while, the investment sector’s profits attributable to the parent companies increased by 13.32% in H1 2018, to record an average PE of 15.83x.and average P/BV of 0.99x. Regarding the Industry sector, it witnessed a decrease in the sector’s profits attributable to the parent companies by 33.35% in H1 2018; constituting 10.40% 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 66.54% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 12.21xand average P/BV of 1.22x.

 

 

 

 


 

2019-02-21
The PEX records average PE of 13.1x and average P/BV of 1.21x

2019-02-18
WASSEL posts net income of $0.04 million at the end of 2018

2019-02-18
AHC realizes net loss of JD1.14 million at the end of 2018

2019-02-18
QUDS records net income of $11.59 million at the end of 2018

2019-02-18
PADICO records net income of $15.57 million at the end of 2018

2019-02-18
PRICO realizes net loss of JD3.96 million at the end of 2018

2019-02-18
JPH posts net income of $6.09 million at the end of 2018

2019-02-17
NIC posts net income of $3.77 million at the end of 2018

2019-02-17
JCC records net income of JD0.01 million at the end of 2018

2019-02-17
BPC posts net income of $7.97 million at the end of 2018

2019-02-17
PSE posts net income of $0.41 million at the end of 2018

2019-02-17
GUI records net income of $3.73 million at the end of 2018

2019-02-17
NCI realizes net loss of $0.08 million at the end of 2018

2019-02-17
PID reports net income of JD0.63 million at the end of 2018

2019-02-17
LADAEN realizes net loss of JD0.08 million at the end of 2018

2019-02-17
PIIC posts net income of JD3.55 million at the end of 2018

2019-02-17
TNB posts net income of $19.25 million at the end of 2018

2019-02-17
ABRAJ records net income of $1.17 million at the end of 2018

2019-02-17
AIB posts net income of $7.10 million at the end of 2018

2019-02-17
PALAQAR records net income of JD0.16 million at the end of 2018

2019-02-17
ISBK records net income of $15.13 million at the end of 2018

2019-02-17
PIBC posts net income of $4.34 million at the end of 2018

2019-02-17
PICO realizes net loss of $1.29 million at the end of 2018

2019-02-17
AZIZA posts net income of JD0.84 million at the end of 2018

2019-02-17
MIC records net income of $2.38 million at the end of 2018

2019-02-17
BOP records net income of $54.11 million at the end of 2018

2019-02-14
NSC posts net income of JD0.18 million at the end of 2018

2019-02-14
TIC posts net income of $2.77 million at the end of 2018

2019-02-14
Al-Quds Index in the green zone amid a momentum in the significant news

2019-02-14
PEC reports net income of $8.79 million at the end of 2018

2019-02-14
RSR posts net income of JD0.35 million at the end of 2018

2019-02-14
JREI realizes net loss of $0.03 million at the end of 2018

2019-02-14
GMC posts net income of JD0.07 million at the end of 2018

2019-02-14
AIG posts net income of $1.91 million at the end of 2018

2019-02-14
NIC proposes distributing 20% cash dividends for the year 2018

2019-02-13
PALTEL posts net income of JD67.09 million at the end of 2018

2019-02-13
TRUST posts net income of $5.88 million at the end of 2018

2019-02-13
BJP records net income of JD0.77 at the end of the 2018

2019-02-13
GUI proposes distributing 10% stocks dividends and 10% cash dividends for the year 2018

2019-02-13
VOIC achieves JD6.54 million net income at the end of 2018

2019-02-12
ARAB posts net income of JD0.56 million at the end of 2018

2019-02-12
ELECTRODE posts net income of JD0.09 million at the end of 2018

2019-02-12
PALTEL recommends distributing 40% cash dividends for the year 2018

2019-02-12
APIC reports net income of $16.04 million at the end of 2018

2019-02-11
NAPCO posts net income of JD0.57 million at the end of Y2018

2019-02-11
UCI records net income of $1.93 million at the end of Y2018

2019-02-10
APC proposes distributing 30% cash dividends for the year 2018

2019-02-10
GUI proposes distributing 10% cash dividends for the year 2018

2019-02-10
PADICO Holding sells part of its stake in Jericho Gate Real Estate Investment Company

2019-02-07
Al-Quds Index increases amid the start of the listed companies’ disclosures for the Y2018

2019-02-07
OOREDOO reports net income of $0.10 million at the end of Y2018

2019-02-06
APC records net income of JD0.50 million at the end of Y2018

 

 

 
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