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Distinguished financial performance and growing dividends recommendations

2016-02-18

Sahem Weekly Trading Report (14-18)-02-2016

Within a week that witnessed significant news momentum about the Palestinian listed companies, Al-Quds Index continued to trade in balancing within a controlled price range. Whereby, the anticipations dominated the trading nature in the few previous weeks in waiting for disclosing the companies’ financial data and their dividends distributions’ trend accordingly, the variation in the investors’ behaviours is what drags the attention for the coming period. Building investment positions for some stocks is what may distinguish the coming weeks, while undoubtedly price speculations will constitute an essential part too within the stocks’ routine price cycles, in parallel to the dividends’ distribution season. On another hand and regarding the disclosures, the listed companies’ results were unique, to ensure once again their ability to operate and manage their assets despite the surrounding conditions. This week, a number of dividends’ distribution recommendations were raised, to fulfil the constant dividends distribution policy or implement that strategy given initiating enriching the shareholders’ equity. 

The disclosed figures by the blue-chips were one of the most significant and noticed issues from all the Palestinian securities’ parties this week. Whereby, Palestine Development and Investment Company PADICO posted an increase of 18.84% in the net income attributable to the shareholders of the parent company, to reach $23.05 million at the end of 2015. This growth followed an increase of 30.67% in the operating revenues of PADICO’s subsidiaries, to record earnings per share EPS of $0.09, BV of $1.78, P/BV of 0.65x and PE ratio of 12.72x. Accordingly, the board of directors of PADICO proposed distributing 5% cash dividends for the year 2015, to record a pay-out ratio of 55.55% and dividends’ yield of 4.27%. Regarding the other leading stocks, Bank of Palestine BOP noted a net income attributable to the shareholders of the parent company of $43.09 million in 2015; up by 7.27% than the year 2014 after reporting and increase of 12.78% in net interests and commissions. Accordingly BOP records BV of $1.74, P/BV of 1.70x, EPS of 0.25 and PE Ratio of 11.8x.

Regarding the highest market capitalization blue-chip in the market- Palestine Telecommunications PALTEL-, the company noted posting net income of JD83.06 million in 2015; slightly down by 2.36% following a decrease in operating revenues due to the variation in the foreign exchange rate between the compared periods, to record EPS of JD0.63 and PE ratio of 8.82x. PALTEL also records BV of JD4.13 and P/BV 1.34x. On the other hand, the BOD of the company raised a recommendation to distribute 45% cash dividends to the general assembly that will be holding a meeting on 28/03/2015. Based on the recommendation, PALTEL records a pay-out ratio of 71.43% and a dividends yield of 8.10%. Regarding the other dividends recommendations, Palestine Islamic Bank ISBK proposed distributing 8.5% cash dividends for the year 2015. Furthermore, Palestine Real Estate Investment Company PRICO proposed distributing 5% cash dividends for its shareholders. Moreover, Birzeit Pharmaceuticals Company BPC recommended distributing 20% cash dividends for the year 2015.

 


 

2017-05-18
PADICO is higher than its equivalent price and the PMA is planning to issue digital currency

2017-05-16
PADICO approves distributing 5% cash dividends for the year 2016

2017-05-11
The PEX records an average PE of 11.1x in Q1 2017

2017-05-10
Manaseer Cement & Mining Company signs a partnership agreement with Sanad Construction Industries Company

2017-05-09
QUDS approves distributing 12% stocks dividends for the year 2016

2017-05-07
RSR approves distributing 7% cash dividends for the year 2016

2017-05-07
AZIZA approves distributing 18% cash dividends for the year 2016

2017-05-07
PIIC approves distributing 6% cash dividends for the year 2016

2017-05-04
Al-Quds Index increases with the end of the quarterly financial data disclosures’ season

2017-05-03
PIBC approves raising its paid-up capital to $61 million

2017-05-02
RSR reports net income of JD0.094 million in Q1 2017

2017-05-02
WASSEL posts net income of $0.14 million in Q1 2017

2017-05-02
PADICO reports net income of $4.71 million in Q1 2017

2017-05-02
AHC realizes net loss of JD0.53 million in Q1 2017

2017-05-02
ISBK posts net income of $3.04 million in Q1 2017

2017-05-02
BOP reports net income of $12.35 million in Q1 2017

2017-05-02
PID realizes net loss of JD0.01 million in Q1 2017

2017-05-02
BPC records net income of $2.92 million in Q1 2017

2017-05-02
PICO reports net income of $1.00 million in Q1 2017

2017-05-02
MIC posts net income of $0.31 million in Q1 2017

2017-05-02
JCC realizes net loss of JD0.06 million in Q1 2017

2017-05-02
JPH records net income of $1.60 million in Q1 2017

2017-05-02
GMC posts net income of JD0.25 million in Q1 2017

2017-05-02
NSC records net income of JD0.05 million in Q1 2017

2017-05-02
NCI records net income of $0.06 million in Q1 2017

2017-05-02
PRICO realizes net loss of JD0.13 million in Q1 2017

2017-05-02
ABRAJ records net income $0.08 million in Q1 2017

2017-05-02
ELECTRODE reports net income of JD0.01 million in Q1 2017

2017-05-02
PIIC records net income of JD1.70 million in Q1 2017

2017-05-02
LADAEN realizes net loss of JD 0.03 million in Q1 2017

2017-05-02
AZIZA posts net income of JD1.33 million in Q1 2017

2017-05-02
PALTEL records net income of JD18.04 million in Q1 2017

2017-05-02
AQARIYA posts net income of JD0.24 million in Q1 2017

2017-05-02
GUI reports income of $0.87 million in Q1 2017

2017-05-02
NIC posts net income of $1.54 million in Q1 2017

2017-05-02
TRUST reports net income of $1.74 million in Q1 2017

2017-05-02
TIC records net income of $0.82 million in Q1 2017

2017-05-02
QUDS posts net income of $3.94 million in Q1 2017

2017-05-02
ARAB records net income of JD0.029 million in Q1 2017

2017-05-02
PIBC posts net income of $0.98 million in Q1 2017

2017-05-02
PALAQAR reports net income of JD0.025 million in Q1 2017

 

 

 
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