GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap3,936 0.03
Med Cap3,940 0.18
Small Cap5,130 0.19
Micro Cap8,623 0.05

Research Reports

Quick Links

Most Viewed News

Most Viewed Companies

Ticker Price Volume
SIPCHEM 16.2 304,961
QNBK 147 369,995
SABIC 96.25 2,228,858
ALINMATOKIO 17.1 113,058
RIBL 10.35 526,373
SAGRINSURANCE 37.7 354,464
NBK 670 3,211,428

Fawaz Abdulaziz Al Hokair & Partners -Equity Report -12-04-2012

Source: NBK Capital

12-Month Fair Value: SAR 86.50
Recommendation: Accumulate – Risk Level: 3
Last Close (10 April, 2012): SAR 76.00


Alhokair posted today an earnings release with some preliminary numbers about the company’s financial performance for the fiscal year ending in March 2012.

Overall the results are positive. However, we would need to get a confirmation if the cost savings achieved in the 4Q2011/12 can be carried forward to the future. We wait for full financial statements and cues from Alhokair’s management to gain more clarity on the company’s operating and financial performance during the 4Q2011/12. For now we maintain our forecasts and valuation for Alhokair and reiterate our “Accumulate” recommendation on the stock.

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?