Company Lookup
عربي
 
 

Market News

This Month News

This Month News

send to a friend by email

The PEX records an average PE of 9.9x and average P/BV of 1.20x in Q1 2019

2019-05-16

 Sahem Weekly Trading Report (12-16)-05-2019

In this week, the trading in Palestine Stock Exchange PEX is still scarce and very slow coinciding with the absence of any significant news in the period that follows the end of Q1 2019 disclosures, and receding in the dividends’ distribution approvals, in addition to the routine trading of the holy month of Ramadan. While Al-Quds Index decreased by 0.46% than its previous weekly closing level, to record 526.67 points. On another hand, with the disclosures’ completion of 45 companies out of 48 listed companies required to disclose their data by the end of the first quarter of 2019, the PEX records an average PE ratio of 9.9x and an average P/BV of 1.20x.

Regarding the data of the PEX’s sectors, the banking and financial services’ sector contributed in 24.87% from total disclosed companies’ profits attributable to the parent companies. Whereby, all companies in the sector recorded profits by the end of Q1 2019. According to the disclosed data, the average PE of the sector records 12.0x, and average P/BV reached 1.24x. This came despite the decrease in the sector’s profits attributable to the parent companies by 1.77%. While, Bank of Palestine BOP constitutes the lion’s share of 46.41% 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 2019 financial results; where 67% of the disclosed companies in the sector recorded increase in their profits attributable to the parent companies. In this context, the sector’s profits attributable to the parent companies increased by 7.22% in Q1 2019. According to the disclosed data, the insurance sector records an average PE of 5.8x; the lowest value among all sectors, and records an average P/BV of 1.16x.

In another context, the profits attributable to the parent companies in the services sector contributed by the highest percentage of 36.60% 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 2019, whereas, 22% of the disclosed companies in the sector realized net losses compared to the corresponding period of 2018, while; two companies didn’t disclose their financial results for Q1 2019 within the granted period by the PEX. Whereby, Palestine Telecommunications Company PALTEL’s profits contributed in 95.40% from the total sector’s profits attributable to the parent companies, in which increased in total by 12.35% compared to the corresponding period of last year. According to the disclosed data, the sector records average PE of 8.6x, and average P/BV of 1.31x; the highest value among all sectors.

On the other hand, the investment sector’s profits attributable to the parent companies contributed in 22.36% from the total disclosed companies’ profits attributable to the parent companies, while, the investment sector’s profits attributable to the parent companies increased by 69.50% in Q1 2019, to record an average PE of 9.9x and average P/BV of 1.05x; the lowest among all sector. Regarding the Industry sector, it witnessed a decrease in the sector’s profits attributable to the parent companies by 20.43% in Q1 2019; constituting 7.34% 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 62.40% from total sector’s profits attributable to the parent companies. Accordingly, the Industry sector records an average PE of 14.4x and average P/BV of 1.18x.


 

2024-03-28
Weak trading with the approaching end of Q1 2024

2024-03-26
APIC recommends distributing 6.838% stocks dividends for the year 2023

2024-03-21
Al-Quds Index continues to decline amid lack of general liquidity

2024-03-18
AQARIYA records net income of $0.83 million in 2023

2024-03-18
AHC realizes net loss of JD1.67 million in 2023

2024-03-18
JCC posts net income of JD1.77 million in 2023

2024-03-18
GMC posts net income of JD0.003 million in 2023

2024-03-18
SANAD realizes net loss of $5.03 million in 2023

2024-03-18
ISBK posts net income of $4.85 million in 2023

2024-03-18
JREI realizes net loss of $0.10 million in 2023

2024-03-17
NAPCO realizes net loss of JD1.68 million in 2023

2024-03-17
APIC posts net income of $19.05 million in 2023

2024-03-17
SAFABANK realizes net loss of $0.88 million in 2023

2024-03-17
QUDS posts net income of $9.18 million in 2023

2024-03-17
NSC posts net income of JD0.80 million in 2023

2024-03-17
PIBC posts net income of $5.07 million in 2023

2024-03-17
AIB posts net income of $5.52 million in 2023

2024-03-17
ARAB posts net income of JD0.69 million in 2023

2024-03-17
ABRAJ posts net income of $1.02 million in 2023

2024-03-17
TNB posts net income of $14.40 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-17
BOP posts net income of $16.49 million in 2023

2024-03-14
Al-Quds Index in the red zone in Ramadan

2024-03-14
BJP posts net income of JD1.84 million in 2023

2024-03-13
RSR posts net income of JD0.33 million in 2023

2024-03-13
PID realizes net loss of JD0.08 million in 2023

2024-03-10
BPC recommends distributing 7% cash dividends for the year 2023

2024-03-10
AMLAK posts net income of $0.07 million in 2023

2024-03-07
Weak trading amid a continuation in the annual data disclosures for 2023

2024-03-05
WASSEL posts net income of $0.54 million in 2023

2024-03-05
PRICO realizes net loss of JD12.10 million in 2023

2024-03-05
UCI posts net income of $1.01 million in 2023

2024-03-03
TIC recommends distributing 15% cash dividends for the year 2023

2024-03-03
ARKAAN realizes net loss of $9.99 million in 2023

2024-03-03
PADICO realizes net loss of $19.34 million in 2023

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013
PHP Notice: Undefined index: archive in C:\Inetpub\wwwroot\sahem\menu.php on line 403