Thursday, 25 April 2024 |
updated 1 minute ago
15:46 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	Boubyan Bank	Kuwait	Asset Management	0.59	22.21 Million	KWD 1.01	4.40

2	Bank of Beirut - Lebanon	Lebanon	Asset Management	3.71	44.33 Million	USD 3.26	1.21

3	BLOM Bank	Lebanon	Asset Management	5.67	319.90 Million	LBP 2,244.13	1.10

4	Union National Bank - UAE	UAE	Asset Management	6.10	370.00 Million	AED 0.58	0.90

5	Abu Dhabi Islamic Bank - UAE	UAE	Asset Management	7.60	278.66 Million	AED 0.44	0.97

6	Investcorp Bank	Bahrain	Asset Management	7.69	102.17 Million	USD 147.99	1.88

7	First Gulf Bank	UAE	Asset Management	8.22	931.39 Million	AED 2.20	1.13

8	BBK	Bahrain	Asset Management	9.10	103.86 Million	BHD 0.05	1.48

9	Jordan Ahli Bank	Jordan	Asset Management	9.31	32.34 Million	JOD 0.21	0.94

10	National Bank of Abu Dhabi	UAE	Asset Management	9.54	1.00 Billion	AED 1.25	1.42

11	Emirates NBD	UAE	Asset Management	9.57	637.05 Million	AED 0.48	0.75

12	Dubai Islamic Bank - UAE	UAE	Asset Management	9.60	219.62 Million	AED 0.22	0.83

13	Arab Financial Investment Company	Jordan	Asset Management	10.24	5.49 Million	JOD 0.21	0.97

14	Union Bank	Jordan	Asset Management	10.32	30.13 Million	JOD 0.22	0.95

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

16	BankMuscat	Oman	Asset Management	11.01	264.08 Million	OMR 0.07	1.45

17	Investment Bank	Jordan	Asset Management	12.16	10.22 Million	JOD 0.14	1.41

18	National Bank of Oman	Oman	Asset Management	12.25	70.58 Million	OMR 0.03	1.31

19	Qatar National Bank - Qatar	Qatar	Asset Management	12.40	1.57 Billion	QAR 11.28	3.67

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

21	Al Khalij Commercial Bank Q.S.C	Qatar	Asset Management	12.93	117.19 Million	QAR 1.36	1.20

22	Ahli United Bank - Bahrain	Bahrain	Asset Management	12.93	265.50 Million	USD 0.06	1.53

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

24	Masraf Al Rayan	Qatar	Asset Management	13.93	332.68 Million	QAR 1.65	2.42

25	Mashreq	UAE	Asset Management	15.44	218.79 Million	AED 4.84	1.07

26	National Bank of Kuwait - Kuwait	Kuwait	Asset Management	15.68	1.10 Billion	KWD 0.08	2.14

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

28	Kuwait Financial Centre	Kuwait	Asset Management	16.60	29.54 Million	KWD 0.01	0.72

29	Al Ahli Bank of Kuwait	Kuwait	Asset Management	17.14	193.36 Million	KWD 0.04	2.00

30	United Financial Investments Company	Jordan	Asset Management	19.71	0.77 Million	JOD 0.07	0.87

31	National Bank of Fujairah	UAE	Asset Management	23.94	46.53 Million	AED 0.17	2.38

32	Arab Bank - Jordan	Jordan	Asset Management	24.32	251.02 Million	USD 0.51	0.87

33	Tamdeen Investment Company	Kuwait	Asset Management	24.59	12.51 Million	KWD 0.01	0.61

34	United Gulf Bank	Bahrain	Asset Management	24.92	38.66 Million	USD 0.04	1.65

35	Commercial Bank of Kuwait	Kuwait	Asset Management	25.41	147.09 Million	KWD 0.03	2.26

36	Abu Dhabi Commercial Bank	UAE	Asset Management	25.51	103.75 Million	AED 0.13	0.92

37	Kuwait Finance House - Kuwait	Kuwait	Asset Management	27.22	385.36 Million	KWD 0.04	2.08

38	The Housing Bank for Trade and Finance	Jordan	Asset Management	27.26	111.55 Million	JOD 0.29	2.19

39	Al Bilad Securities and Investment Company	Jordan	Asset Management	27.42	0.68 Million	JOD 0.04	1.05

40	Shamil Bank	Bahrain	Asset Management	28.03	22.83 Million	USD 0.02	1.62

41	Islamic Financial Securities Company	Qatar	Asset Management	31.16	1.34 Million	QAR 0.98	2.86

42	Al Salam Bank - Bahrain	Bahrain	Asset Management	32.05	19.13 Million	BHD 0.00	0.38

43	KIPCO Asset Management Company	Kuwait	Asset Management	50.92	6.62 Million	KWD 0.00	0.75

44	Burgan Bank	Kuwait	Asset Management	54.88	16.93 Million	KWD 0.01	1.80

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

46	Amwal Invest	Jordan	Asset Management	59.58	14.02 Million	JOD 0.00	0.14

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

48	Sabaek for Investments	Jordan	Asset Management	81.08	0.07 Million	JOD 0.01	0.66

49	Capital Bank of Jordan	Jordan	Asset Management	90.03	6.86 Million	JOD 0.01	0.95

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