Amman Stock Exchange (ASE) Daily Market Report March 27th, 2013

Transcription

1 Amman Stock Exchange (ASE) Daily Market Report March 27th, 2013 Market Summary: Trading value for Tuesday 26/03/2013 reached JOD (18.5) million. (17.3) million shares were traded through (7,349). The shares price index closed at ( ) point, an increase of (0.22%). The shares of (148) companies were traded, the shares prices of (70) companies rose, and the shares prices of (36) declined. At the sector level, the index increased by 0.79%, the financial index decreased by 0.15%, and the Industrial index increased by 0.04%. Figure 1: Free Float Index Economic News Hotels warn against re-imposing 16% accommodation tax The government s plan to re-impose a 16% accommodation tax on the Kingdom s hotels will negatively impact the country s tourism sector, the Jordan Hotels Association (JHA) warned on Tuesday. JHA Executive Director Yasar Majli said the decision will prompt hotels to raise their accommodation fees. Finance Minister Suleiman Hafez on Tuesday recommended that the Cabinet re-impose the 16% tax on room accommodation, after three years of reducing this tax to 8%.The tax reduction over the past three years, Majli said, aimed at supporting the tourism industry after it was hit as a result of regional turmoil and the global financial crisis. QAIA Experiences Continued Traffic Growth in February 2013 Airport International Group (AIG) - the Jordanian consortium responsible for the rehabilitation, expansion and operation of the Queen Alia International Airport (QAIA) - has announced a steady rise in monthly and year-to-date (YTD) passenger and aircraft traffic in February Passenger traffic (PAX) went up by almost 5.2% this February, reaching 447,594 PAX in comparison to February 2012's where it reached 425,591 PAX. Meanwhile, YTD PAX traffic exceeded the 900,000 mark by 22,663 PAX to reach 922,663 PAX in February this year - a 3.8% increase over the 888,819 PAX recorded over the same period in Figure 2: Top Gainers Figure 3: Top losers Close Close Change Price Price Change AMAL % UAIC % SANA % IEAI % AIFF % SECO % JOCF % BOJX % UINV % TAMR % Figure 4: Top Companies by Value Traded Closing price Value Traded UINV ,554,065 JEDI ,992,919 JNTH ,846,787 ULDC ,319,462 SURA ,695 Figure 5: Top Companies by Trading Volume Closing price Trading Volume SURA ,835,636 REDV ,778,866 JEDI ,150,536 DARA ,730 UINV ,628 Awraq Investment Tel: Fax: P.O. Box Amman Jordan

2 The kingdoms Cement consumption dropped by 25% Cement consumption fell during the first quarter of this year by 25% compared to the first quarter of last year. Households' access to medicine good, affordability issues remain -- WHO While access to medicine in Jordan is fairly good, some households find them unaffordable, said a study conducted by the World Health Organization (WHO) in Jordan. Two tycoons on trial for alleged JOD 120 million tax evasion Two business tycoons allegedly owe the Treasury around JD120 million in unpaid taxes, a government official said Monday. The official told The Jordan Times that the businessmen owned major telecommunication companies in the Kingdom before selling their shares to Arab investors. One of the tycoons has evaded paying around JOD 57 million in income tax, while the other, a non-jordanian mogul, owes the Treasury over JOD 60 million, according to the source. Corporate News A drop in profits for Arab Potash Company (APOT) APOT s net income fell by 34 % reaching JOD million at the end of 2012 compared to the end of 2011 where net income reached JOD million, while total revenues amounted to JOD million in 2012 compared to JOD million in 2011 dropping by around 19%. A slight drop in net income for Cairo Amman Bank (CABK) Net income slightly dropped around 3% at the end of last year to amount to JOD million compared to the previous period where it reached JOD 36.6 million. Page 2 of 5

3 Figure: Value Traded Figure 6: Trading Volume 11% Transportatio n 4% Industrial 7% Industries 9% 8% Real Estate 13% Industrial 7% Hotels and Tourism 6% Industries 7% 9% Real Estate 12% Diversified 17% 32% Diversified 15% 28% 15% Figure 7: Regional Markets Indices Figure 8: International Markets Indices Index Close % Change Year to Date Index Close % Change Year to Date KSA % 2.62% S&P % 5.90% Dubai % 7.69% Dow Jones % 3.35% Abu Dhabi % 2.10% Nasdaq % 10.37% Egypt % 27.77% London % 0.19% Qatar % -6.83% Nikkei % 4.95% Kuwait % -0.44% Source: Bloomberg Oman % -0.13% Lebanon % -3.35% Source: Bloomberg Page 3 of 5

4 Figure 9: Banks Listed on the Amman Stock Exchange (ASE) Company Name Market Cap Capital Closing Change in Trailing P/E P/BV Div. Yield (Million) (Million) price price EPS ROA ROE Latest F.S ARBK Arab Bank 3, % % % 5.45% FY 2012 THBK The Housing Bank for Trade and Finance 2, % % 10.03% Q BOJX Bank of Jordan % % % 11.99% FY 2012 JOKB Jordan Kuwait Bank % % 12.00% Q JOIB Jordan Islamic Bank for Finance and Investment % % % 16.65% Q CABK Cairo Amman Bank % % % 15.74% Q AHLI Jordan National Bank % % % 9.08% Q EXFB Capital Bank Of Jordan % % % 10.99% Q UBSI Union Bank % % 3.50% Q SGBJ Société Générale de Banque - Jordanie % % 4.39% Q AJIB Arab Jordan Investment Bank % % % 10.09% Q INVB Jordan Investment and Finance Bank % % 10.76% Q ABCO Arab Banking Corporation / (Jordan) % % 7.72% Q JDIB Industrial Development Bank % % % 5.57% Q JCBK Jordan Commercial Bank N/A % % -3.24% H Source: Companies s & Bloomberg Figure 10: Highest Market Capitalization listed on the ASE Company Name Market Cap Capital Closing Change in Trailing P/E P/BV Div. Yield (Million) (Million) price price EPS ROA ROE Latest F.S APOT Arab Potash 3, % % 22.99% Q JTEL Jordan Telecommunications 1, % % 22.34% Q JOPH Jordan Phosphate Mines % % % 21.86% Q JOEP Jordan Electric Power % % % 9.48% Q JOPT Jordan Petroleum Refinery % % % 62.97% F.Y 2011 EICO International Tobacco and Cigarettes % % % 36.89% FY 2012 NCCO Northern Cement % % % 11.95% Q JOCM Jordan Cement Factories % N/A % % % Q RJAL Alia-The Royal Jordanian Airlines % N/A % % % Q MANE Afaq For Energy Company % % % 6.12% F.Y 2011 ZARA Zara Investments N/A % % -0.52% F.Y 2011 AIEI Arab International for Education and Investment % % % 20.87% F.Y 2011 MDTR Mediterranean Tourism Investment % % 4.12% F.Y 2011 JDFS Jordanian Duty Free Shops % % 27.88% F.Y 2011 JOST Jordan Steel % % % -0.59% Q DADI Dar Al Dawa Development and Investment % N/A % % % Q Source: Companies s & Bloomberg

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