Summary Sohar Aluminium LLC - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Sohar Aluminium LLC (Sohar Aluminium) is a smelter jointly owned by Oman Oil Co, Abu Dhabi National Energy Co - TAQA and Rio Tinto which owns 40%, 40% and 20% of the company, respectively. It produc...
Summary Jordan Phosphate Mines Co Plc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Jordan Phosphate Mines Co Plc (JPMC) is a mineral exploration company in Jordan. The company involves in the exploration, production and marketing of phosphates and fertilizers. Its produc...
SAUDI ARABIAN MINING (SA), a company active in the General Mining industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 19, 2021, the closing price was SAR 88.70 and its po...
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....
During Q4 2016, Maaden recorded revenues amounting to SAR2.371bn, a 10.8% decline compared to the same period last year. The gross profit also fell, by 6.8% yoy. However, the gross margin gained 100 bps to stand at 21% given a more important drop of the cost of sales than that of the revenues (-11.9% yoy). The operational profit for the quarter dipped by 15.8%. The bottom-line improved, moving from SAR-5.676m in Q4 2015 to SAR15.670m in Q4 2016. The Saudi Arabian Mining Company closed the year 2...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Energy price hikes a blow. We downgrade Ma’aden to Underweight from Neutral on a 30% lower 12-month target price of SAR23.0/share as we factor in Saudi’s feedstock, transportation, fuel, and power price revisions. Our previous target price assumed Saudi would resume its support to the mining industry. The hike in electricity prices represents the main hit, responsible for two-thirds of the SAR10 target price cut, lowering the aluminum segment’s contribution to our target price to 20% (from 32%)....
Downgrade to Neutral on 21% lower target price of SAR33/share. The new USD7bn phosphate complex designed to double Ma’aden’s DAP capacity to c5.9mn tpa should start in 4Q16, preceded by the aluminium integration project in 1Q16. But the stock trades on 10.8x 2017e EV/EBITDA, implying that the market is already pricing in the 2015-18e EBITDA CAGR of 37%, the bulk of which is driven by new project launches, which could face delays.
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