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Al Quds Index stalls amid low trading

2016-10-13

Sahem Weekly Trading Report (09-13)-10-2016

In a week with heavy transactions and slow price movements, the anticipation in the financial disclosures’ month dominated the investment appetite and investors’ behavior. Where, stalling in the place outweighed pursuing any price trend. Despite the similar general trend in the blue-chips’ stocks, but the momentum factors vary among them following the varied growth factors that has been drawn by each alone, and which was extracted by the investor since the beginning of the year, in parallel to the quarterly financial data disclosures. The 9M financial data disclosures are one of the important things that boost the growth expected factors in the market.

As the first financial data disclosure, the Vegetables Oil Industries Company VOIC noted posting net income of JD4.58 million in 9M 2016; up by 6.47% in 9M 2016, compared to 9M 2015. This increase followed the growth in the operating income by 49.46% and the company’s stake of its subsidiaries profits from the National Beverage Company Coca-Cola by 8.85%, which in return constitutes around 98% from VOIC’s total profits. Accordingly, VOIC records EPS of JD1.14 and net margin of 107.53% for 9M 2016. Moreover, VOIC records BV of JD6.33 as of the end of the period and P/BV of 1.53x and PE ratio of 6.33x.

Regarding the most important news of the week, the board of directors of the Arab Palestinian Shopping Centers BRAVO- a subsidiary of the Arab Palestinian Investment Company APIC- approved establishing a private shareholding company and transferring the supermarkets’ operations and the net assets worth $1.8 million to it, excluding the buildings and real estate as an in kind contribution in the company’s capital. Accordingly, BRAVO will become a real estate specialized company. It is worth mentioning that BRAVO has realized net loss of JD0.54 million in 2015 and net loss of JD0.35 million in 9M 2016. While the company records in its accounts as for the 30th of June 2016 around JD15.62 million properties, plants and equipments; whereby lands record 36.76% and the buildings record 35.79%. Regarding other news, Dar Al-shifa’a for the Manufacturing of Pharmaceuticals PHARMACARE and Beit Jala Pharmaceutical Company BJP signed a memorandum of understanding with a group of Chilean businessmen of Palestinian descent, to begin the procedures of registering and licensing Palestinian medicines in Chile, in preparation to open export channels.

 


 

2017-04-26
UCI reports net income of $0.18 million in Q1 2017

2017-04-25
PSE realizes net loss of $0.27 million in Q1 2017

2017-04-25
JREI realizes net loss of $0.07 million in Q1 2017

2017-04-25
AIB reports net income of $1.55 million in Q1 2017

2017-04-25
BJP posts net income of JD0.89 million in Q1 2017

2017-04-25
WATANIYA realizes net loss of $1.12 million in Q1 2017

2017-04-25
NAPCO records net income of JD0.13 million in Q1 2017

2017-04-25
APIC approves distributing 6.06% stock dividends and 6% cash dividends for 2016

2017-04-25
APIC records net income of $3.57 million in Q1 2017

2017-04-23
PEC records net income of $3.60 million in Q1 2017

2017-04-23
TNB approves distributing 5% cash dividends for the year 2016

2017-04-23
Bravo realizes net loss of JD0.13 million in Q1 2017

2017-04-20
Medium liquidity in the quarterly disclosures and dividends distribution seasons

2017-04-20
PEC approves distributing 10% cash dividends for the year 2016

2017-04-19
TNB records net income of $2.77 million in Q1 2017

2017-04-18
BPC approves distributing 20% cash dividends for the year 2016

2017-04-18
VOIC records net income of JD1.07 million for Q1 2017

2017-04-13
Al-Quds Index declines amid anticipation elements’ overlapping

2017-04-13
TRUST approves distributing 15% cash dividends for the year 2016

2017-04-12
JPH proposes 10% cash dividends for the year 2016

2017-04-11
APC records net income of JD0.33 million in Q1 2017

2017-04-11
PIBC proposes 2.35% stocks dividends for the year 2016

2017-04-11
NSC recommends 10% cash dividends for the year 2016

2017-04-11
GUI approves distributing 10% cash dividends for the year 2016

2017-04-10
3G services in 6 months in the West Bank

2017-04-10
BOP approves distributing 2.56% stocks dividends and 10.44% cash dividends for the year 2016

2017-04-10
QUDS proposes distributing 12% stocks dividends for the year 2016

2017-04-06
Dividends approval momentum and a final agreement to run 3G frequencies in the Palestinian markets

2017-04-06
PALTEL approves distributing 40% cash dividends for the year 2016

2017-04-04
PADICO proposes distributing 5% cash dividends for the year 2016

2017-04-03
AIB approves raising its capital to $75 million and distributing 12% cash dividends for the year 2016

2017-04-02
NIC approves 20% cash dividends for the year 2016.

2017-04-02
ISBK approves raising its capital to $69 million and distributing 8.50% cash dividends for the year 2016.

 

 

 
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