Thursday, 25 April 2024 | 22:53 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 | Jordan Industrial Resources | Jordan | Chemicals | 4.93 | 1.33 Million | JOD 0.06 | 0.29 |
| 2 | Gulf International Chemicals | Oman | Chemicals | 5.65 | 1.93 Million | OMR 0.04 | 1.53 |
| 3 | Oman Chlorine | Oman | Chemicals | 8.58 | 6.64 Million | OMR 0.04 | 1.53 |
| 4 | Saudi Chemical Company | Saudi Arabia | Chemicals | 9.19 | 80.84 Million | SAR 4.98 | 2.14 |
| 5 | Al Kout Industrial Projects Company | Kuwait | Chemicals | 10.25 | 9.99 Million | KWD 0.03 | 1.49 |
| 6 | Arab Pesticides and Veterinary Drugs Manufacturing Company | Jordan | Chemicals | 11.10 | 2.11 Million | JOD 0.15 | 1.16 |
| 7 | Basic Chemical Industries | Saudi Arabia | Chemicals | 11.72 | 17.66 Million | SAR 2.29 | 1.88 |
| 8 | Al Fajar Al Alamia Company | Oman | Chemicals | 14.29 | 3.93 Million | OMR 0.05 | 6.63 |
| 9 | National Chlorine Industries and Heavy Industries | Jordan | Chemicals | 24.04 | 0.48 Million | JOD 0.03 | 0.71 |
| 10 | Nama Chemicals Company | Saudi Arabia | Chemicals | 50.93 | 9.19 Million | SAR 0.22 | 0.88 |
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