Kuwait Financial Centre “Markaz” Daily Morning Brief 2011 P/E Div. % TTM Yield
6,524 -2.12 -3.93 1.66 71,004 0.00 -2.10 38.50 419 0.22 2.94 3.26 8,448 0.46 -1.15 -3.77 2,650 0.29 -0.83 10.32 9,662 0.00 1.65 -12.39 1,609 0.76 -0.68 18.86 495 -9.32 -13.98 29.79 4,564 0.05 0.28 -1.82 1,041 0.00 -1.61 -8.98 5,545 -0.17 -2.03 -2.63 1,114 0.00 0.40 -5.34
-3 -22 -16 1 -12 -13 -17 -42 -13 -20 -16 -20
12 11 16 10 9 15 11 12 13 9 11 9
4.2 2.3 3.3 4.5 5.7 4.1 4.6 4.7 5.2 4.3 1.6
987 0.00 0.10 9.13 929 0.00 -0.32 5.57 2,123 0.59 -2.01 -7.86 18,507 -0.06 0.01 19.75 92 -1.21 -2.20 0.49
-21 -26 -22 -25 -8
13 11 10 16 12
2.9 3.2 2.7 1.4 3.4
835 1,409 5,819 9,367 3,529 7,309
0.00 0.00 0.00 1.56 0.00 0.00
0.18 -0.21 0.63 4.91 2.90 0.67
10.27 12.05 4.43 10.78 11.68 23.92
-10 0 -6 -17 -17 -15
15 15 11 17 12 12
2.8 2.6 4.3 2.2 4.0 3.5
- P/E & Div. Yield for GCC as per Zawya
HSBC/Nasd. Dub GCC $ T.Ret
Saudi Arabia Abu-Dhabi Dubai Qatar Oman Bahrain
Last 241 121 146
Chg (%) MTD % -0.05 0.30 0.00 -0.03 0.00 0.30
YTD % 4.21 11.45 9.58
2011 231.43 108.36 133.00
2011% 15 2 8
2011
2011%
1564.11 27.78 107.38 482.01
10 -10 14 -7
Current
2011
78.71 89.44 247.34 90.90 157.50 206.90
123.32 124.89 445.00 125.39 246.00 376.66
52-week High Low 342.35 78.09 342.35 87.79 496.75 111.20 342.35 86.30 342.35 111.20 387.62 111.20
Source: Bloomberg, Reuters Eikon
Interest rate watch Inter-bank 3M Int US 3M Deposit rate rates % Rate % Kuwait 0.50 0.31 Saudi 0.64 0.31 UAE 0.23 0.31 Qatar 0.17 0.31 Oman 0.31 0.31 Bahrain 0.32 0.31 Last FOMC Meeting Date: Oct 23-24
Yield curve watch Libor (In %)
Diff FY11 Diff 0.19 0.04 0.33 -0.08 -0.08 0.03 -0.14 0.05 0.00 0.03 0.01 -0.17 Next FOMC Mt Date: Dec 11-12
US Treasuries
(In %)
Current
3.00 Current
2.89
2011 End
2.83
1.13
2011 End
1.89
2.00
0.81
0.86
0.58 0.30
0.00
2M
3M
6M
1Y
0.01
0.70
0.19
0.16
0.31
0.26
0.21
1.70 0.83
1.00
0.52
0.43
1M
Fixed Income Watch Barclays US treas. 10 Yr JP Morgan Em Bond ETF
Country
0.12
30Y
YTD %
10Y
MTD %
5Y
Chg (%)
2Y
*
Last Close
6M
M. Cap Indicators (USD Bn) MENA Markets Saudi (TASI) 354 Turkey ISE National 100 230 Kuwait SE WT.INDEX 104 Qatar(QE Index) 97 Abu Dhabi (ADI) 79 Morocco (CAI) 53 Dubai (DFMGI) 48 Egypt (Hermes) 56 Jordan (Amman) 23 Bahrain (BAX) 16 Oman(Muscat SM) 15 Lebanon (BSE) 12 Emerging Markets MSCI EM Index 4,061 MSCI BRIC Index 1,703 Shanghai A Share Index 2,235 SENSEX Index (India) 550 S&P GCC Composite 242 Developed Markets MSCI WORLD Index 32,677 US (S&P 500) 13,139 UK (FTSE) 2,590 Japan (Nikkei 225) 2,157 France (CAC) 1,192 Germany (DAX) 965
26 Nov, 2012
5 – year CDS (USD) watch (bps)
1M
Equity watch
KIBOR yield curve (%)
Commodity/Currency/Volatility Watch Precious Metals Gold $/oz Silver $/oz IPE Brent $/bbl CRB Commodity Index Volatility & Currency CBOE VIX index USD (1 EUR =) Yen (1 USD =) KWD (1 USD =) KWD (1 EUR =)
Close
Chg (%) MTD % YTD %
1,752.39 34.10 111.38 477.20
-0.01 0.00 0.00 0.00
15.14 1.30 82.10 0.2814 0.3645
0.00 0.17 0.38 0.11 0.27
1.88 5.87 2.47 -0.07 -18.60 0.05 -2.55 -0.12 -0.05
12.04 22.75 3.73 -1.00 -35.30 0.02 -6.31 -1.12 -1.10
23.4 1.2955 76.92 0.27825 0.3605
32 -3 -5 -1 -4
Blue chip watch M. Cap Last (USD Companies Bn) Saudi Arabia (SAR) SABIC 70 87.0 Al-Rajhi Bank 27 66.5 Saudi Telecom 21 40.1 Saudi Electricity Co. 15 13.1 Samba Fin. Group 10 43.7 United Arab Emirates (AED) ETISALAT 21 9.9 NBAD 10 9.6 First Gulf Bank 8 10.2 Emirates NBD 4 2.8 Emaar Properties 6 3.7 Kuwait (KWD) 13 0.8 ZAIN 15 1.0 NBK 8 0.8 KFH Gulf Bank 4 0.4 3 0.7 Comm. Bk. Kuwait Qatar (QAR) Industries Qatar 23 151.8 25 131.8 QNB Ezdan Real Est. Co. 13 18.5 9 105.0 Q-TEL Comr’cialBk of Qatar 5 72.8
Pct Chg
% M T D
% P Y 2011 / Div T % E yield D (ttm)
-2.2 -1.1 -1.0 -1.1 -2.2
-1.7 -5.3 -3.8 -4.4 -0.7
-10 -4 19 -6 -6
-8 -16 -21 -1 -24
11 13 9 17 9
5.7 4.9 5.0 5.4 3.8
6,312 1,869 1,954 2,875 1,160
-23 -3 25 32 2
-0.2 -0.4 -0.5 -0.4 2.2
1.6 -3.1 -2.4 -2.4 3.3
9 20 32 -4 45
-15 12 -11 7 -28
12 10 8 7 10
6.0 3.1 9.8 7.1 2.7
2,213 1,125 1,054 640 387
28 9 15 266 -5
1.2 1.0 -1.2 0.0 1.5
10.8 3.1 6.7 3.7 -2.9
-9 -3 -4 -13 -15
-41 -14 -16 -11 -14
12 14 27 43 -
7.9 4.1 1.9 0.0 0.0
60 108 34 10 -12.6
-15 37 33 6 -285
0.9 -0.1 -0.7 0.6 0.1
-0.1 -1.6 -2.1 -0.6 1.3
14 -5 -17 11 -13
-4 14 -27 -5 -9
10 11 81 10 9
4.9 3.0 0.8 2.5 8.2
2,620 2,111 63 1,069 548
26 11 -36 73 -1
Corporate earnings watch Company Name
PFY
% Ch
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LFY
News & Views
According to the Dubai Health Authority and the General Directorate of Residency and Foreigners Affairs, Dubai hospitals can sponsor medical tourist visas to overseas patients who wish to seek treatment in Dubai for a period of 3 months extendible twice — up to nine consecutive months. This aimed at unifying medical tourism procedures for the emirate.
The Shoura Council formally approved a proposal to set up a sovereign National Reserve Fund (NRF). The proposed fund would be used for the investment of surplus amounts from annual budgets for the betterment of future generations and offset possible budget deficits. Saudi Arabia’s budget surplus in 2011 amounted to SAR 306 bn (US$ 81.6 bn) against SR 108 bn (US$ 28.8 bn) the previous year. Economists expect a budget surplus of not less than SR 12 billion (US$3.2 bn) this year.
The German Embassy along with three other organizations would be launching an exhibition of the German Energy Agency (DENA) on renewable energies in key cities of Saudi Arabia. The 18th annual conference of the United Nations Framework on Climate Change (UNFCCC) is to be held in Riyadh, Dammam and Jeddah from Monday through Dec. 7. It will be held at the Intercontinental Hotel in Riyadh Monday through Nov. 28 and later in Dammam on Nov. 30-Dec. 2 and in Jeddah on Dec. 5-7.
PAT (Mn) 3Q12
Earnings Type
% Gr YoY
Note: 1 Weekend Details – Saudi Arabia – Thursday & Friday; Turkey, Morocco & Lebanon – Saturday & Sunday; MENA Ex-Saudi Arabia, Turkey, Morocco & Lebanon – Friday & Saturday; US, European & Emerging Markets – Saturday & Sunday. Markaz Research can now be accessed on Bloomberg. Type “MRKZ” <Go>. This report has been prepared and issued by Kuwait Financial Centre S.A.K (Markaz), which is regulated by the Central Bank of Kuwait. The report is owned by Markaz and is privileged and proprietary and is subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. Any user after obtaining Markaz permission to use this report must clearly mention the source as ―Markaz ―. This Report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but in no way are warranted by us as to its accuracy or completeness. Markaz has no obligation to update, modify or amend this report. For further information, please contact ‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait. Tel: 00965 1804800 Fax: 00965 22450647. Email: research@markaz.com