GulfBase GCC Cap Indices
IndexLevelChg%
Large Cap3,619 0.50
Med Cap3,663 0.47
Small Cap4,798 0.07
Micro Cap7,378 0.28

Research Reports

Quick Links

Most Viewed News

Most Viewed Companies

Ticker Price Volume
BKMB 0.4 605,197
EEC 20.65 611,796
OOREDOO 1220 76,076
TAWUNIYA 82.5 51,691
RIBL 10.25 118,688
EMAAR 7.13 4,441,604
HOKAIR 36 325,499

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?