ArabianBusiness.com - Middle East Business News
Saturday, 07 November 2009 | 19:43 UAE time

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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.

# COMPANY COUNTRY INDUSTRY PE Ratio NET PROFIT EPS PRICE TO BOOK
1United Real Estate Company - KuwaitKuwaitLandlord and Developers0.0421.37
Million
KWD 1.870.46
2The Investment Dar CompanyKuwaitInvestment Companies0.44440.09
Million
KWD 0.170.19
3Gulf Stone CompanyOmanAggregates and Cut Stones0.631.23
Million
OMR 0.181.05
4Innovative InvestmentsBahrainInvestment Companies1.0645.19
Million
USD 0.530.53
5Gulf Finance House - BahrainBahrainAsset Management1.12291.89
Million
USD 0.380.81
6Sweets of Oman OmanCandy and Confections1.141.16
Million
OMR 0.962.46
7International Leasing and Investment CompanyKuwaitAsset Management1.3573.15
Million
USD 0.260.43
8Oman and Emirates Investment Holding CompanyOmanInvestment Companies1.41-63.49
Million
OMR 0.122.12
9Oman Foods InternationalOmanMills and Bakeries1.482.36
Million
OMR 0.140.98
10Mena HoldingKuwaitBuilding Contractors1.5492.67
Million
KWD 0.285.90
11National Pharmaceutical Industries OmanPharmaceutical and Biotechnology1.62-2.13
Million
OMR 0.061.22
12Musandam Investment and Marketing Company OmanInvestment Companies1.69-0.06
Million
OMR 0.120.41
13Amlak Finance - JordanJordanInvestment Companies1.971.50
Million
JOD 0.430.83
14Gulf Plastic Industries CompanyOmanPlastic and PVC2.060.35
Million
OMR 0.190.50
15DAMAC Real Estate Development Jordan CompanyJordanLandlord and Developers2.330.21
Million
JOD 0.040.01
16Computer Stationery Industry OmanComputer and Peripherals2.450.99
Million
OMR 0.131.65
17Deyaar Development CompanyUAELandlord and Developers2.48298.16
Million
AED 0.290.58
18United Gulf BankBahrainAsset Management2.48207.28
Million
USD 0.461.34
19Kuwait Projects Company - KuwaitKuwaitInvestment Companies2.5484.35
Million
KWD 0.191.03
20Bayan Investment CompanyKuwaitAsset Management2.8339.14
Million
KWD 0.030.58
21Al Fajar Al Alamia CompanyOmanChemicals2.884.18
Million
OMR 0.690.96
22The Islamic Insurance Company JordanInsurance Companies2.9110.14
Million
JOD 0.651.46
23Tamdeen Real Estate CompanyKuwaitLandlord and Developers3.1347.53
Million
KWD 0.101.04
24Injazzat Real Estate Development CompanyKuwaitInvestment Funds3.2553.59
Million
KWD 0.050.68
25National Industries Group HoldingKuwaitMulti-line3.26985.88
Million
KWD 0.121.40
26Rasamny Younis Motor CompanyLebanonDealers and Distributers3.2910.46
Million
LBP 1,436.400.66
27RAK PropertiesUAELandlord and Developers3.38103.31
Million
AED 0.210.45
28Omani Packaging CompanyOmanPaper and Card Board3.701.18
Million
OMR 0.041.14
29A'Saffa Poultry FarmsOmanMeat and Poultry3.714.63
Million
OMR 0.271.10
30Bank of Beirut - LebanonLebanonAsset Management3.7144.33
Million
USD 3.261.21
31Nass CorporationBahrainBuilding Contractors3.7634.57
Million
BHD 0.071.50
32Oman Holdings International Company OmanInvestment Companies3.823.23
Million
OMR 0.081.03
33National Packaging Factory OmanPaper and Card Board3.840.40
Million
OMR 0.590.84
34Al Ahlia Converting IndustriesOmanHygenic Paper Products4.000.01
Million
OMR 0.050.00
35National Corporation for Tourism and HotelsUAECatering Services4.1224.78
Million
AED 1.211.07
36Hits Telecom Holding CompanyKuwaitTelecommunication Services4.1817.47
Million
KWD 0.032.80
37Seef PropertiesBahrainLandlord and Developers4.3641.70
Million
BHD 0.030.68
38Qatar Fuel CompanyQatarDistribution and Marketing4.36331.18
Million
QAR 37.962.14
39Ras Al Khaimah Ceramic CompanyUAECeramic and Sanitary Ware4.3850.35
Million
AED 0.390.65
40National Marine Dredging CompanyUAEExcavation and Dredging4.6472.29
Million
AED 1.831.06
41Dubai National Insurance and Reinsurance UAEInsurance Companies4.7211.85
Million
AED 0.491.50
42United Development CompanyQatarInvestment Companies4.73160.28
Million
QAR 7.631.36
43Jordan Vegetable Oil Industries CompanyJordanEdible Oil4.91-0.16
Million
JOD 0.491.99
44Bahrain Commercial Facilities Company BahrainDealers and Distributers5.0230.34
Million
BHD 0.081.06
45Arabtec HoldingUAEEngineering Services5.12260.83
Million
AED 0.591.92
46Al Batinah Hotels CompanyOmanHotel Management5.161.48
Million
OMR 0.581.17
47Al Arabiya Real Estate Company KuwaitLandlord and Developers5.190.24
Million
KWD 0.010.47
48Munshaat Real Estate Projects CompanyKuwaitLandlord and Developers5.2327.06
Million
KWD 0.020.25
49Jordan Phosphate Mines CompanyJordanNonmetallic Minerals5.44337.27
Million
JOD 3.073.00
50United Finance Company OmanDiversified Financial Services5.5111.63
Million
OMR 0.031.04
51Ras Al Khaimah Cement CompanyUAECement5.5421.79
Million
AED 0.210.71
52Baton for Blocks and Inter Locking TilesJordanCeramic and Sanitary Ware5.550.57
Million
JOD 0.120.64
53National Bank of Ras Al KhaimahUAECommercial Banks5.89173.15
Million
AED 0.711.94
54Emirates Driving CompanyUAETraining Institutes5.9118.78
Million
AED 0.782.13
55Dubai Investments CompanyUAEInvestment Companies5.94431.03
Million
AED 0.200.61
56Bahrain Tourism CompanyBahrainLandlord and Developers5.9911.23
Million
BHD 0.050.87
57Union Cement CompanyUAECement6.0442.31
Million
AED 0.240.69
58Fujairah Cement Industries CompanyUAECement6.1053.26
Million
AED 0.431.00
59Securities and Investment CompanyBahrainAsset Management6.12-3.71
Million
BHD 0.052.64
60Bank Audi - LebanonLebanonCommercial Banks6.18234.84
Million
LBP 6,355.911.00
61Areej Vegetable Oils and DerivativesOmanEdible Oil6.183.90
Million
OMR 0.391.73
62Transport and Investment Barter Company JordanDiversified Transport Services6.204.10
Million
JOD 0.180.85
63Commercial Facilities CompanyKuwaitDiversified Financial Services6.2253.31
Million
KWD 0.051.05
64Gulf Navigation HoldingUAEPipeline and Shipping6.4640.36
Million
AED 0.110.71
65Al Eqbal Investment CompanyJordanTobacco6.5610.52
Million
JOD 0.431.60
66Gulf Mushroom Products CompanyOmanCanned and Frozen Goods6.601.96
Million
OMR 0.061.94
67Byblos BankLebanonCommercial Banks6.60114.86
Million
LBP 456.571.02
68Qatar Industrial Manufacturing CompanyQatarDiversified Manufacturing6.6251.75
Million
QAR 6.361.34
69National Mobile Telecommunications Company - KuwaitKuwaitInternet Service Providers6.65288.21
Million
KWD 0.222.02
70AES BarkaOmanElectricity Supply6.6520.02
Million
OMR 0.245.21
71Century Investment Group JordanInvestment Companies6.650.79
Million
JOD 0.110.60
72Abu Dhabi Ship BuildingUAEShipbuilding and Repair6.7028.05
Million
AED 0.512.57
73Bank of Jordan - JordanJordanCommercial Banks6.8246.43
Million
JOD 0.331.24
74Al Safat Tec Holding CompanyKuwaitComputer and Peripherals6.87-28.15
Million
KWD 0.010.55
75Jordanian Duty Free ShopsJordanDepartment and Variety Stores6.877.98
Million
JOD 1.382.71
76Safwan Trading and Contracting CompanyKuwaitBeverages and Juices6.886.62
Million
KWD 0.031.38
77Gulf Hotels GroupBahrainHotel Management6.9227.05
Million
BHD 0.081.97
78IFA Hotels and Resorts - KuwaitKuwaitHotel Management6.93107.86
Million
KWD 0.072.19
79Oman Fiber Optic CompanyOmanCommunication Equipments6.964.97
Million
OMR 0.471.72
80United Power Company OmanElectricity Supply7.006.33
Million
OMR 0.130.95
81Gulf Glass Manufacturing CompanyKuwaitGlass and Mirrors7.116.60
Million
KWD 0.102.95
82Jordan Chemical Industries Company JordanPaints and Coatings7.120.72
Million
JOD 0.401.64
83Bahrain Duty Free Shop ComplexBahrainDepartment and Variety Stores7.1515.99
Million
BHD 0.111.50
84Jordanian Management and Consultancy CompanyJordanBusiness Consulting Services7.150.30
Million
JOD 0.160.83
85Gulf General Investment CompanyUAEInvestment Companies7.18121.25
Million
AED 0.221.04
86Al Salam Bank - BahrainBahrainAsset Management7.2467.76
Million
BHD 0.010.87
87Union National Bank - UAEUAEAsset Management7.25382.46
Million
AED 0.480.96
88Oman Hotels and Tourism CompanyOmanHotel Management7.288.37
Million
OMR 0.510.77
89National Cement CompanyUAECement7.3152.81
Million
AED 0.460.47
90Sharjah Cement and Industrial Development CompanyUAECement7.3468.52
Million
AED 0.230.60
91Abu Dhabi National Energy CompanyUAEElectricity Supply7.36496.91
Million
AED 0.181.41
92BLOM Bank LebanonAsset Management7.39243.51
Million
LBP 10,000.002.77
93Emirates NBDUAEAsset Management7.401.00 BillionAED 0.570.92
94Jordan Cement Factories CompanyJordanCement7.4369.67
Million
JOD 0.962.34
95Kuwait National Cinema CompanyKuwaitFilm and Music7.4316.46
Million
KWD 0.111.79
96Abu Dhabi Islamic Bank - UAEUAEAsset Management7.48231.76
Million
AED 0.411.08
97Jordanian Pharmaceutical Manufacturing CompanyJordanPharmaceutical and Biotechnology7.681.65
Million
JOD 0.180.76
98Sahara Hospitality CompanyOmanLandlord and Developers7.743.25
Million
OMR 0.251.20
99Oman ChlorineOmanChemicals7.757.43
Million
OMR 0.041.81
100Future Communications Company GlobalKuwaitTelecommunication Services7.7611.46
Million
KWD 0.042.03
101Abu Dhabi Aviation CompanyUAESpecialized Aviation Services7.7929.04
Million
AED 0.360.94
102Dubai Islamic Bank - UAEUAEAsset Management7.97471.08
Million
AED 0.351.11
103National Hotels CompanyBahrainHotel Management7.9915.50
Million
BHD 0.060.76
104Jordan Kuwait BankJordanCommercial Banks8.0065.64
Million
JOD 0.491.65
105BLC Bank - LebanonLebanonCommercial Banks8.0322.98
Million
LBP 233.400.40
106Agility - KuwaitKuwaitFreight Forwarding Services8.03494.31
Million
KWD 0.151.64
107Bank of SharjahUAECommercial Banks8.12111.63
Million
AED 0.241.02
108Qatar TelecomQatarFixed Line Operators8.16625.56
Million
QAR 18.221.64
109Bahrain Telecommunications CompanyBahrainInternet Service Providers8.16276.43
Million
BHD 0.071.94
110Gulf International Services CompanyQatarOilfield Services and Equipment8.17126.88
Million
QAR 3.922.62
111ALDAR PropertiesUAELandlord and Developers8.34938.38
Million
AED 0.640.86
112Alargan International Real Estate CompanyKuwaitInvestment Funds8.3734.13
Million
KWD 0.031.03
113Kuwait Hotels CompanyKuwaitCatering Services8.423.78
Million
KWD 0.031.71
114Ahli Bank - QatarQatarCommercial Banks8.44116.96
Million
QAR 6.001.89
115Abu Dhabi National Company for Building MaterialsUAEBuilding Materials8.4525.13
Million
AED 0.251.65
116Oman Telecommunications CompanyOmanFixed Line Operators8.48308.09
Million
OMR 0.162.66
117United Paper IndustriesBahrainPaper and Card Board8.551.11
Million
BHD 0.051.73
118Ibrid District Electricity CompanyJordanElectricity Supply8.575.34
Million
JOD 0.973.07
119Qatar Shipping Company - QatarQatarElectro-Mechanical Contractors8.59142.26
Million
QAR 3.800.90
120Arab Potash CompanyJordanFertilizer Manufacturing8.59440.13
Million
JOD 3.483.88
121First Gulf Bank UAEAsset Management8.61818.20
Million
AED 2.131.55
122Zarka Education and Investment Company JordanCollege and Universities8.632.92
Million
JOD 0.251.95
123Al Isra for Education and Investment JordanEducational Institutes8.665.36
Million
JOD 0.251.62
124Advanced Technology CompanyKuwaitHealthcare Services8.6717.20
Million
KWD 0.062.20
125Cairo Amman BankJordanCommercial Banks8.6728.69
Million
JOD 0.241.20
126Qatar National Cement CompanyQatarCement8.68113.63
Million
QAR 9.322.20
127Société Libanaise des Ciments BlancsLebanonCement8.693.26
Million
LBP 543.601.81
128Banque BemoLebanonCommercial Banks8.707.49
Million
LBP 784.880.45
129Doha BankQatarCommercial Banks8.74260.01
Million
QAR 5.371.73
130Qatar Real Estate Investment CompanyQatarInvestment Companies8.7585.55
Million
QAR 2.981.11
131Oman National Dairy Products CompanyOmanBeverages and Juices8.808.71
Million
OMR 0.140.00
132Bahrain Maritime and Mercantile InternationalBahrainCanned and Frozen Goods8.8226.90
Million
BHD 0.071.82
133Al Kamil Power CompanyOmanElectricity Supply8.865.31
Million
OMR 0.211.57
134Albaraka Banking GroupBahrainCommercial Banks8.86113.70
Million
USD 0.140.79
135Al Ain Ahlia Insurance CompanyUAEInsurance Companies8.8939.17
Million
AED 7.920.91
136Kout Food GroupKuwaitRestaurants and Cafes9.0317.85
Million
KWD 0.041.08
137Hayat Communications CompanyKuwaitTelecommunication Services9.118.59
Million
KWD 0.042.20
138Amwal InvestJordanAsset Management9.125.70
Million
JOD 0.130.82
139Port Services CorporationOmanMarine and Seaport Services9.1520.07
Million
OMR 0.061.69
140Air ArabiaUAEPassenger Airlines9.18138.78
Million
AED 0.120.93
141Qatar NavigationQatarShipbuilding and Repair9.18158.05
Million
QAR 7.150.84
142Bahrain Kuwait Insurance CompanyBahrainInsurance Companies9.209.87
Million
BHD 0.061.39
143Delmon Poultry CompanyBahrainMeat and Poultry9.282.29
Million
BHD 0.020.51
144United Financial Investments CompanyJordanAsset Management9.385.39
Million
JOD 0.311.28
145Salalah Beach ResortOmanHotel Management9.441.98
Million
OMR 0.151.87
146CommercialbankQatarCommercial Banks9.47496.90
Million
QAR 6.971.43
147Renaissance Services OmanMulti-line9.5462.06
Million
OMR 0.071.56
148Salam International InvestmentQatarMulti-line9.6242.27
Million
QAR 1.190.76
149National Bank of Abu DhabiUAEAsset Management9.72821.87
Million
AED 1.362.00
150Qatar Company for Meat and Livestock TradingQatarMeat and Poultry9.7510.81
Million
QAR 2.241.76
151Commercial Bank of DubaiUAECommercial Banks9.81210.01
Million
AED 0.401.46
152Boubyan Petrochemical CompanyKuwaitRefining and Petrochemicals9.8571.10
Million
KWD 0.040.90
153Union Advanced Industries CompanyJordanContainers and Packaging9.861.72
Million
JOD 0.261.11
154Agthia GroupUAEAnimal Feed9.9119.66
Million
AED 0.191.41
155Emirates Telecommunications CorporationUAEFixed Line Operators9.922.36 BillionAED 1.162.85
156Galfar Engineering and Contracting - OmanOmanBuilding Materials9.9359.52
Million
OMR 0.062.27
157United Insurance Company - UAEUAEInsurance Companies9.983.60
Million
AED 0.381.24
158Euro-Arab Insurance GroupJordanInsurance Companies9.991.15
Million
JOD 0.100.86
159Doha Insurance Company QatarInsurance Companies10.0212.95
Million
QAR 2.471.23
160Jordan Petroleum Refinery CompanyJordanDistribution and Marketing10.0410.92
Million
JOD 0.733.57
161Kuwait Gypsum Manufacturing and Trading CompanyKuwaitBuilding Materials10.082.02
Million
KWD 0.021.28
162Arab Banking Corporation - JordanJordanCommercial Banks10.1214.02
Million
JOD 0.110.97
163Gulf Rocks Company - KuwaitKuwaitCement10.1210.60
Million
KWD 0.020.95
164A'ayan Real Estate CompanyKuwaitLandlord and Developers10.1424.04
Million
KWD 0.010.63
165Al Anwar Ceramic Tiles CompanyOmanCeramic and Sanitary Ware10.159.27
Million
OMR 0.043.51
166MashreqUAEAsset Management10.25447.27
Million
AED 8.831.45
167Arab Pesticides and Veterinary Drugs Manufacturing Company JordanChemicals10.252.33
Million
JOD 0.161.22
168Taageer Finance CompanyOmanDiversified Financial Services10.286.24
Million
OMR 0.021.14
169Gulf Hotels Company OmanHotel Management10.378.84
Million
OMR 0.991.17
170Al Kout Industrial Projects CompanyKuwaitChemicals10.409.07
Million
KWD 0.031.81
171Oman Oil Marketing Company OmanDistribution and Marketing10.4116.43
Million
OMR 0.082.72
172Al Omaniya Financial ServicesOmanDiversified Financial Services10.428.58
Million
OMR 0.241.53
173Nafaaes Holding KuwaitCollege and Universities10.472.84
Million
KWD 0.0113.57
174Abu Dhabi National Insurance Company - UAEUAEInsurance Companies10.5057.25
Million
AED 0.621.35
175Bahrain Flour Mills CompanyBahrainMills and Bakeries10.522.69
Million
BHD 0.040.70
176BBKBahrainAsset Management10.5571.84
Million
BHD 0.041.63
177Kuwait Bahrain International Exchange CompanyKuwaitForeign Exchange Dealers10.613.24
Million
KWD 0.021.47
178Muscat Gases CompanyOmanDistribution and Marketing10.693.23
Million
OMR 0.052.60
179Salam International Transport and TradingJordanMaritime Shipping10.722.34
Million
JOD 0.151.05
180Foodco HoldingsUAEWholesale Distributers10.748.23
Million
AED 0.281.36
181Zad Holding CompanyQatarMills and Bakeries10.7913.10
Million
QAR 6.161.47
182Waha CapitalUAEInvestment Companies10.8146.49
Million
AED 0.111.04
183National Leasing HoldingQatarEquipment Leasing10.9015.14
Million
QAR 1.861.45
184Union Tobacco and Cigarette Industries CompanyJordanTobacco10.915.14
Million
JOD 0.261.32
185Sudatel Group for TelecommunicationSudanFixed Line Operators10.95169.22
Million
USD 0.090.58
186Majan Glass CompanyOmanGlass and Mirrors11.035.21
Million
OMR 0.072.85
187Al Maha Petroleum Products Marketing Company OmanDistribution and Marketing11.0419.09
Million
OMR 0.852.34
188Qatar Insurance Company - QatarQatarInsurance Companies11.09140.32
Million
QAR 5.951.91
189Qatar Electricity and Water CompanyQatarElectricity Supply11.12207.86
Million
QAR 8.807.48
190Oman International BankOmanCommercial Banks11.1876.56
Million
OMR 0.031.54
191National Petroleum Services CompanyKuwaitOilfield Services and Equipment11.220.67
Million
KWD 0.021.55
192Masraf Al RayanQatarAsset Management11.30251.91
Million
QAR 1.091.62
193Gulf Pharmaceutical IndustriesUAEPharmaceutical and Biotechnology11.3136.46
Million
AED 0.160.99
194BankMuscatOmanAsset Management11.39243.46
Million
OMR 0.081.38
195Qatar Islamic BankQatarCommercial Banks11.41451.21
Million
QAR 6.982.31
196Arab Orient Insurance Company - JordanJordanInsurance Companies11.432.83
Million
JOD 0.161.58
197Dhofar Beverages and Foodstuff CompanyOmanBeverages and Juices11.57-1.29
Million
OMR 0.022.01
198Muscat Finance CompanyOmanDiversified Financial Services11.586.65
Million
OMR 0.031.99
199Qatar Cinema and Film Distribution CompanyQatarFilm and Music11.822.62
Million
QAR 2.791.48
200Petra Education Company JordanCollege and Universities11.843.98
Million
JOD 0.282.62

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