A director at Qatar Electricity & Water Co bought 83,000 shares at 0.000QAR and the significance rating of the trade was 84/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
Moody's Ratings (Moody's) has today affirmed Qatar Electricity and Water Company Q.P.S.C.'s (QEWC) A1 long-term issuer ratings. The Baseline Credit Assessment (BCA) has been affirmed at baa2. The outlook is stable. RATINGS RATIONALE Today's rating action reflects Moody's view that QEWC's A...
A value and dividend play. QEWC trades on a 2022e P/E of 14x, a c12% discount to global utility peers. It offers an attractive dividend yield of 4.8% in 2022e, despite buying-out minority stake in Nebras Power, up to 5.6% in 2023e vs. 3.5% for global peers. This should be backed by: i) a strong balance sheet (2022e net debt/EBITDA of 2.5x, down to 1.5x by 2025e), ii) healthy FCFF generation (total of QAR5.3bn over 22-25e, yielding 6.1%, on average), and iii) earnings stability and visibility. Li...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Qatar Electricity and Water Company Q.P.S.C. Global Credit Research- 06 Aug 2021. DIFC- Dubai, August 06, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Qatar Electricity and Water Company Q.P.S.C. and other ratings that are associated with the same analytical unit.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Qatar Electricity and Water Company Q.P.S.C. Global Credit Research- 08 Sep 2020. DIFC- Dubai, September 08, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Qatar Electricity and Water Company Q.P.S.C. and other ratings that are associated with the same analytical unit.
Share price drop unjustified; Maintain Overweight. QEWC’s share price fell 11% y-t-d, outperforming the Qatari index by 9.6%, amid the global panic sell-off. The company’s operations are not impacted by COVID-19, rendering the share price drop unjustified, from a fundamental perspective. QEWC trades on a 2020e P/E of 11.1x, 20.7% below the industry’s normalised levels of 14.0x, yielding 5.9%, in line with global peers and vs. 4.9% for the Qatari index. Operations relatively stable amid COVID-19...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Qatar Electricity and Water Company Q.P.S.C. Global Credit Research- 08 Oct 2019. DIFC- Dubai, October 08, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Qatar Electricity and Water Company Q.P.S.C. and other ratings that are associated with the same analytical unit.
Rating Action: Moody's affirms QEWC's A1 rating with a stable outlook, downgrades BCA to baa2. Global Credit Research- 24 Sep 2019. DIFC- Dubai, September 24, 2019-- Moody's Investors Service has today affirmed the A1 long-term issuer rating of Qatar Electricity and Water Company Q.S.C..
RAF B and RAF B2 plants contracts revised downwards. QEWC’s contracts with Kahramaa for the operations and output supply of RAF B and RAF B2 plants were revised downwards in 2018 (42% of QEWC’s wholly-owned capacity and 23% of its water desalination capacity). We cut our average pricing and EBITDA forecasts by 8% and 14.8%, respectively, over our 10-year forecast horizon to reflect the development (QEWC does not disclose its terms with the government) based on the recent drop in financial perfor...
Summary Qatar Electricity & Water Co QPSC (QEWC), formerly Qatar Electricity & Water Company QSC, is an electricity and water utility. It generates electricity and desalinates water. The company owns and operates various power generation and water desalination stations and substations primarily in Qatar and across the Middle East and North Africa. QEWC also has interests in various power and water companies in the country. The State of Qatar and its affiliates own the major part of the share ca...
Several reasons to own QEWC. These include: i) compelling valuation: QEWC trades on a 2018e P/E of 13.8x, c18% below global peers, despite its 2018-20e EPS CAGR of 12.2% vs. 8.8% for peers, and ii) low-risk: QEWC’s operations are fairly stable and marginally impacted by the Qatari blockade. QEWS enjoys a high degree of cash flow visibility thanks to offtake agreements with the Qatari government, securing natural gas, power, and water prices; iii) attractive dividend yield: QEWC yields 4.1% in 20...
INFRASTRUCTURE AND PROJECT FINANCE CREDIT OPINION 31 July 2017 Update RATINGS Qatar Electricity and Water Company Q.S.C. Domicile Qatar Long Term Rating A1 Type LT Issuer Rating - Fgn Curr Outlook Negative Please see the ratings section at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Julien Haddad 971-4237-9539
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