GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap4,023 0.80
Med Cap3,850 0.49
Small Cap4,907 0.91
Micro Cap8,519 0.62

Research Reports

Quick Links

Most Viewed News

Most Viewed Companies

Ticker Price Volume
GFH 0.46 3,578,848
BKSB 0.14 275,822
DSI 0.39 45,711,538
ALINMA 16.5 3,084,810
DAMAC 3.84 686,475
ALKHODARI 10.04 34,083
DANA 0.6 9,001,191

Commercial Bank of Qatar

Source: Taib Bank

Quarterly Result Update

• Commercial Bank of Qatar (CBQ) reported total operating income of QAR 1,415 million during 1H11, up 13.8% YoY.
• Net profit increased 16.8% YoY to QAR 956 million.
• We have revised our FY2011E operating income downwards by 4.7%, revising our estimates for investment income lower. Accordingly, our net profit estimate stands 1.8% lower.
• We are reiterating our OVERWEIGHT recommendation on CBQ with a target price of QAR 100.00, implying an upside of 23.3%.

Operating Income
During 1H11, CBQ delivered strong net operating income of QAR 1,415 million, up 13.8% from QAR 1,243 million in the same period in 2010. Interest income declined 5.4% YoY to QAR 1,313 million, while interest expenses fell 23.1% YoY to QAR 451 million. Consequently, net interest income grew 7.5% to QAR 861.26 million.

Net Profit
Net profit grew 16.8% YoY to QAR 955.59 million from QAR 818.30 million. Accordingly adjusted annualised earnings per share (EPS) increased to QAR 7.72 from QAR 6.61 in 1H10.

Click here to download the complete report
GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend

Poll

Looking ahead, what change you are more likely to make in investing in your domestic stock market?