Wednesday, 24 April 2024 |
updated 1 minute ago
08:45 UAE time

Seeking Alpha - GCC stocks to watch

These are the best of times to be an investor in GCC stock markets. With the Tadawul about to open up to foreign investors for the first time, and the increasing internationalisation of bourses across the region, liquidity looks set to buoy the markets as we move into final months of 2008.

But where should investors be headed?

Which stocks are ripe for investment?

The first port of call to assess whether a stock is under or over valued is its price to earnings ratio. In this table we have ranked - from lowest (and therefore potentially better value) to highest the 100 must under valued stocks in the region.

The question you need to work out is why...? Is there a legitimate reason the stocks are valued at that price, or have investors missed a trick?

For those wishing to go further, click on a company name for the full financial profile of that company, interactive stock charts, company profile, the latest news stories, disclosures, press releases... from that company.

The table also includes other key ratios - Earnings Per Share, and Price to Book value, along with the company's Net Profit.

The figures quoted in the chart are kept up to date dynamically pulling from a live markets feed.

All prices are in USD.

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#	COMPANY	COUNTRY	INDUSTRY	PE Ratio	NET PROFIT	EPS	PRICE TO BOOK
1	Saudi Industrial Development Company	Saudi Arabia	Diversified Manufacturing	6.23	25.35 Million	SAR 2.44	1.95

2	Dar Al Arkan Real Estate Development Company	Saudi Arabia	Landlord and Developers	6.78	388.18 Million	SAR 1.23	0.63

3	Saudi Paper Manufacturing Company	Saudi Arabia	Hygenic Paper Products	7.11	32.68 Million	SAR 6.17	2.21

4	Saudi Telecom Company	Saudi Arabia	Fixed Line Operators	7.88	2.52 Billion	SAR 4.62	1.62

5	Etihad Etisalat Company	Saudi Arabia	Internet Service Providers	7.98	1.12 Billion	SAR 6.42	2.30

6	Astra Industrial Group	Saudi Arabia	Multi-line	8.00	69.06 Million	SAR 4.32	1.52

7	United International Transportation Company	Saudi Arabia	Car Rental	9.01	25.28 Million	SAR 5.21	1.86

8	Saudi Chemical Company	Saudi Arabia	Chemicals	9.19	80.84 Million	SAR 4.98	2.14

9	Company for Cooperative Insurance	Saudi Arabia	Insurance Companies	9.38	129.31 Million	SAR 6.55	2.61

10	Zamil Industrial Investment Company	Saudi Arabia	Investment Companies	9.77	56.30 Million	SAR 3.21	1.46

11	Al Jouf Agricultural Development Company	Saudi Arabia	Apiculture	10.21	17.67 Million	SAR 2.61	1.19

12	Fawaz Abdulaziz Alhokair and Company	Saudi Arabia	Textiles and Apparel	10.47	84.12 Million	SAR 4.51	3.02

13	Samba Financial Group - Saudi Arabia	Saudi Arabia	Asset Management	10.51	1.18 Billion	SAR 4.83	1.80

14	United Cooperative Assurance Company	Saudi Arabia	Insurance Companies	10.77	0.00 Million	SAR 2.84	0.00

15	BUPA Arabia for Cooperative Insurance Company	Saudi Arabia	Insurance Companies	11.04	18.88 Million	SAR 1.78	1.60

16	Banque Saudi Fransi	Saudi Arabia	Commercial Banks	11.35	746.92 Million	SAR 3.88	1.77

17	Mediterranean and Gulf Cooperative Insurance and Reinsurance	Saudi Arabia	Insurance Companies	11.39	61.97 Million	SAR 2.54	2.16

18	Saudi Vitrified Clay Pipes Company	Saudi Arabia	Ceramic and Sanitary Ware	11.46	20.38 Million	SAR 5.08	3.44

19	Basic Chemical Industries	Saudi Arabia	Chemicals	11.72	17.66 Million	SAR 2.29	1.88

20	Advanced Polypropylene Company	Saudi Arabia	Refining and Petrochemicals	11.74	87.55 Million	SAR 2.88	2.64

21	Saudia Dairy and Foodstuff Company	Saudi Arabia	Beverages and Juices	12.05	34.54 Million	SAR 3.99	2.14

22	Saudi Hollandi Bank	Saudi Arabia	Commercial Banks	12.05	210.78 Million	SAR 2.41	1.51

23	Al Ahsa Development Company	Saudi Arabia	Investment Companies	12.12	12.34 Million	SAR 0.92	1.14

24	Yanbu National Petrochemicals Company	Saudi Arabia	Refining and Petrochemicals	12.22	446.06 Million	SAR 3.79	3.55

25	The National Company for Glass Industries	Saudi Arabia	Glass and Mirrors	12.25	18.95 Million	SAR 2.62	1.83

26	Yamama Saudi Cement Company	Saudi Arabia	Cement	12.47	175.18 Million	SAR 4.97	2.65

27	Riyad Bank	Saudi Arabia	Asset Management	12.47	753.21 Million	SAR 1.92	1.23

28	Aldrees Petroleum and Transport Services Company - Saudi Arabia	Saudi Arabia	Distribution and Marketing	12.79	22.94 Million	SAR 3.53	2.87

29	Eastern Province Cement Company	Saudi Arabia	Cement	12.80	91.46 Million	SAR 3.88	2.02

30	Arabian Cement Company - Saudi Arabia	Saudi Arabia	Cement	12.88	68.12 Million	SAR 3.61	1.52

31	Saudi Basic Industries Corporation	Saudi Arabia	Plastic and PVC	12.93	5.74 Billion	SAR 7.95	2.55

32	National Shipping Company of Saudi Arabia	Saudi Arabia	Maritime Shipping	12.95	110.63 Million	SAR 1.09	0.88

33	National Industrialization Company - Saudi Arabia	Saudi Arabia	Investment Companies	13.09	392.68 Million	SAR 3.19	2.52

34	Halwani Brothers Company - Saudi Arabia	Saudi Arabia	Beverages and Juices	13.21	21.44 Million	SAR 2.84	2.11

35	Abdullah Al Othaim Markets Company	Saudi Arabia	Supermarkets and Grocery Stores	13.30	43.18 Million	SAR 7.41	4.94

36	Saudi Cement Company	Saudi Arabia	Cement	13.56	175.87 Million	SAR 4.53	2.79

37	Arab National Bank - Saudi Arabia	Saudi Arabia	Asset Management	13.67	509.61 Million	SAR 2.19	1.67

38	Saudi Arabian Fertilizer Company	Saudi Arabia	Refining and Petrochemicals	13.90	862.54 Million	SAR 13.48	6.56

39	Saudi Arabian Amiantit Company	Saudi Arabia	Building Materials	13.92	44.03 Million	SAR 1.29	1.23

40	Arriyadh Development Company	Saudi Arabia	Landlord and Developers	14.42	25.77 Million	SAR 1.02	1.00

41	Southern Province Cement Company	Saudi Arabia	Cement	14.71	175.60 Million	SAR 4.96	4.11

42	Yanbu Cement Company	Saudi Arabia	Cement	14.85	114.76 Million	SAR 3.89	2.40

43	Al Abdullatif Industrial Investment Company	Saudi Arabia	Home Furnishings	14.93	40.65 Million	SAR 1.80	1.93

44	Saudi Hotels and Resort Areas Company	Saudi Arabia	Hotel Management	14.96	32.73 Million	SAR 1.86	1.15

45	National Gas and Industrialization Company	Saudi Arabia	Distribution and Marketing	15.05	24.04 Million	SAR 1.29	1.45

46	Al Khaleej Training and Education Company	Saudi Arabia	Educational Institutes	15.08	12.12 Million	SAR 2.42	2.76

47	SABB	Saudi Arabia	Commercial Banks	15.68	502.16 Million	SAR 2.69	2.08

48	Saudi Real Estate Company	Saudi Arabia	Landlord and Developers	15.95	48.84 Million	SAR 1.50	0.90

49	Saudi Ceramics Company	Saudi Arabia	Ceramic and Sanitary Ware	16.04	58.82 Million	SAR 8.89	3.55

50	Al Rajhi Bank - Saudi Arabia	Saudi Arabia	Asset Management	16.24	1.81 Billion	SAR 4.52	3.64

51	Almarai Company - Saudi Arabia	Saudi Arabia	Beverages and Juices	16.27	342.77 Million	SAR 5.59	3.41

52	Al Babtain Power and Telecommunication Company - Saudi Arabia	Saudi Arabia	Electrical Equipment	16.31	20.89 Million	SAR 1.83	2.00

53	Jarir Marketing Company	Saudi Arabia	Computer and Peripherals	16.42	106.86 Million	SAR 10.48	8.63

54	Al Mouwasat Medical Services	Saudi Arabia	Hospitals and Clinics	16.46	31.62 Million	SAR 5.01	3.61

55	Filling and Packing Materials Manufacturing Company	Saudi Arabia	Containers and Packaging	16.57	5.77 Million	SAR 2.00	2.60

56	Saudi Investment Bank	Saudi Arabia	Commercial Banks	16.64	114.49 Million	SAR 1.12	1.27

57	Saudi Research and Marketing Group	Saudi Arabia	Market Research Services	16.75	23.24 Million	SAR 1.09	1.12

58	Tabuk Cement Company	Saudi Arabia	Cement	16.86	32.25 Million	SAR 1.45	2.10

59	Saudi Pharmaceutical Industries and Medical Appliances Corporation	Saudi Arabia	Pharmaceutical and Biotechnology	16.98	47.07 Million	SAR 2.26	1.02

60	Saudi Steel Pipes Company	Saudi Arabia	Steel Manufacturers	17.32	19.45 Million	SAR 1.45	1.54

61	Herfy Food Services Company	Saudi Arabia	Restaurants and Cafes	17.63	33.14 Million	SAR 4.77	5.96

62	Saudi Automotive Services Company	Saudi Arabia	Repair and Maintenance	18.19	9.60 Million	SAR 0.77	1.22

63	Al Sagr Company for Cooperative Insurance	Saudi Arabia	Insurance Companies	18.52	5.33 Million	SAR 1.13	1.88

64	Saudi International Petrochemical Company	Saudi Arabia	Refining and Petrochemicals	18.65	100.82 Million	SAR 1.14	1.58

65	Aseer Trading Tourism Industrial Agricultural Real Estate and Contracting Company	Saudi Arabia	Investment Companies	19.32	22.63 Million	SAR 0.71	0.75

66	Hail Agricultural Development Company	Saudi Arabia	Crops and Grains	19.49	17.44 Million	SAR 1.48	1.75

67	Savola Group	Saudi Arabia	Multi-line	20.60	236.45 Million	SAR 1.32	1.93

68	Saudi Industrial Investment Group	Saudi Arabia	Refining and Petrochemicals	20.77	107.89 Million	SAR 1.10	1.81

69	Taiba Holding Company	Saudi Arabia	Investment Companies	20.97	24.56 Million	SAR 0.77	0.84

70	National Gypsum Company	Saudi Arabia	Building Materials	21.07	14.01 Million	SAR 1.46	2.11

71	Qassim Cement Company	Saudi Arabia	Cement	21.79	133.48 Million	SAR 3.15	3.33

72	Saudi Printing and Packaging Company	Saudi Arabia	Commercial Printing	21.84	10.42 Million	SAR 0.66	1.07

73	Food Products Company	Saudi Arabia	Meat and Poultry	21.91	4.65 Million	SAR 0.94	2.13

74	Tabuk Agricultural Development Company	Saudi Arabia	Crops and Grains	22.72	3.10 Million	SAR 1.12	1.42

75	Red Sea Housing Services - Saudi Arabia	Saudi Arabia	Building Contractors	22.99	16.27 Million	SAR 2.23	2.19

76	Makkah Construction and Development Company	Saudi Arabia	Hotel Management	23.53	47.20 Million	SAR 1.32	1.37

77	Alujain Corporation	Saudi Arabia	Investment Companies	24.09	11.25 Million	SAR 0.85	2.55

78	Saudi IAIC Cooperative Insurance Company	Saudi Arabia	Insurance Companies	24.09	1.76 Million	SAR 1.42	4.13

79	Tihama Advertising and Public Relations Company	Saudi Arabia	Advertising Agencies	25.03	6.31 Million	SAR 1.58	2.38

80	Saudi Electricity Company	Saudi Arabia	Electricity Supply	25.10	607.74 Million	SAR 0.56	1.15

81	Arabian Shield Cooperative Insurance Company	Saudi Arabia	Insurance Companies	27.50	4.01 Million	SAR 0.75	1.89

82	Fitaihi Group Holding Company	Saudi Arabia	Jewellery and Luxury Products	27.64	5.80 Million	SAR 0.44	0.93

83	Trade Union Cooperative Insurance Company	Saudi Arabia	Insurance Companies	31.67	-0.28 Million	SAR 0.84	2.73

84	Saudi Public Transport Company	Saudi Arabia	Passenger Transport	33.85	13.34 Million	SAR 0.22	0.64

85	Rabigh Refining and Petrochemical Company	Saudi Arabia	Refining and Petrochemicals	36.80	55.65 Million	SAR 0.73	2.92

86	Anaam International Holding Group	Saudi Arabia	Animal Feed	38.07	3.01 Million	SAR 1.22	7.12

87	Saudi Industrial Export Company	Saudi Arabia	Multi-line	38.49	0.80 Million	SAR 0.69	2.67

88	Kingdom Holding Company	Saudi Arabia	Investment Companies	50.75	161.39 Million	SAR 0.17	1.16

89	Nama Chemicals Company	Saudi Arabia	Chemicals	50.93	9.19 Million	SAR 0.22	0.88

90	National Agricultural Development Company	Saudi Arabia	Apiculture	58.09	2.79 Million	SAR 0.45	1.62

91	Bank Al Bilad	Saudi Arabia	Asset Management	58.46	24.62 Million	SAR 0.32	1.79

92	Malath Cooperative Insurance and Reinsurance	Saudi Arabia	Insurance Companies	59.88	4.82 Million	SAR 0.28	1.91

93	Saudi Arabian Refineries Company	Saudi Arabia	Refining and Petrochemicals	62.96	3.27 Million	SAR 0.82	1.94

94	National Metal Manufacturing and Casting Company	Saudi Arabia	Fabricated Metals Products	69.10	4.46 Million	SAR 0.38	1.94

95	Bank Al Jazira	Saudi Arabia	Asset Management	70.05	7.71 Million	SAR 0.26	1.22

96	Alinma Bank	Saudi Arabia	Commercial Banks	93.45	4.05 Million	SAR 0.11	0.96

97	Saudi Advanced Industries Company	Saudi Arabia	Diversified Manufacturing	96.21	2.65 Million	SAR 0.16	0.81

98	Tourism Enterprise Company	Saudi Arabia	Hotel Management	125.60	0.42 Million	SAR 0.19	2.40

99	Methanol Chemicals Company	Saudi Arabia	Refining and Petrochemicals	253.64	1.61 Million	SAR 0.06	1.19

100	AXA Cooperative Insurance Company	Saudi Arabia	Insurance Companies	297.98	1.25 Million	SAR 0.14	4.30

101	Saudi Arabian Mining Company	Saudi Arabia	Metal Mining	2,473.02	-2.45 Million	SAR 0.01	1.53

102	Saudi United Cooperative Insurance Company	Saudi Arabia	Insurance Companies	10,000.00	-1.86 Million	SAR 0.00	2.40

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