Thursday, 26 November 2009 |
updated 1 minute ago
05:32 UAE time

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.

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#	COMPANY	COUNTRY	INDUSTRY	PE Ratio	NET PROFIT	EPS	PRICE TO BOOK
1	Amlak Finance - Jordan	Jordan	Investment Companies	1.97	1.50 Million	JOD 0.43	0.83

2	DAMAC Real Estate Development Jordan Company	Jordan	Landlord and Developers	2.33	0.21 Million	JOD 0.04	0.01

3	The Islamic Insurance Company	Jordan	Insurance Companies	3.14	10.15 Million	JOD 0.65	1.57

4	Jordanian Pharmaceutical Manufacturing Company	Jordan	Pharmaceutical and Biotechnology	4.78	1.65 Million	JOD 0.28	0.76

5	Jordan Vegetable Oil Industries Company	Jordan	Edible Oil	4.91	-0.16 Million	JOD 0.49	1.99

6	Baton for Blocks and Inter Locking Tiles	Jordan	Ceramic and Sanitary Ware	5.37	0.57 Million	JOD 0.12	0.62

7	Jordan Phosphate Mines Company	Jordan	Nonmetallic Minerals	5.64	337.51 Million	JOD 3.07	3.12

8	Jordanian Duty Free Shops	Jordan	Department and Variety Stores	6.73	7.99 Million	JOD 1.38	2.65

9	Al Eqbal Investment Company	Jordan	Tobacco	7.02	10.53 Million	JOD 0.43	1.72

10	Jordanian Management and Consultancy Company	Jordan	Business Consulting Services	7.15	0.30 Million	JOD 0.16	0.83

11	Transport and Investment Barter Company	Jordan	Diversified Transport Services	7.27	4.10 Million	JOD 0.16	0.85

12	Bank of Jordan - Jordan	Jordan	Commercial Banks	7.31	46.46 Million	JOD 0.31	1.26

13	Jordan Chemical Industries Company	Jordan	Paints and Coatings	7.32	0.72 Million	JOD 0.40	1.69

14	Jordan Cement Factories Company	Jordan	Cement	7.45	69.72 Million	JOD 0.96	2.35

15	Jordan Kuwait Bank	Jordan	Commercial Banks	7.92	65.69 Million	JOD 0.49	1.63

16	Amwal Invest	Jordan	Asset Management	8.45	5.70 Million	JOD 0.13	0.76

17	Salam International Transport and Trading	Jordan	Maritime Shipping	8.71	2.34 Million	JOD 0.18	1.03

18	Al Isra for Education and Investment	Jordan	Educational Institutes	8.82	5.36 Million	JOD 0.25	1.65

19	Zarka Education and Investment Company	Jordan	College and Universities	9.03	2.92 Million	JOD 0.25	2.03

20	Ibrid District Electricity Company	Jordan	Electricity Supply	9.33	5.35 Million	JOD 0.97	3.35

21	Union Advanced Industries Company	Jordan	Containers and Packaging	9.66	1.72 Million	JOD 0.26	1.09

22	Arab Potash Company	Jordan	Fertilizer Manufacturing	9.79	440.44 Million	JOD 3.48	4.42

23	Euro-Arab Insurance Group	Jordan	Insurance Companies	9.79	1.16 Million	JOD 0.10	0.84

24	Cairo Amman Bank	Jordan	Commercial Banks	9.85	28.71 Million	JOD 0.24	1.37

25	Arab Pesticides and Veterinary Drugs Manufacturing Company	Jordan	Chemicals	10.10	2.34 Million	JOD 0.18	1.35

26	Arab Banking Corporation - Jordan	Jordan	Commercial Banks	10.12	14.03 Million	JOD 0.11	0.97

27	Union Tobacco and Cigarette Industries Company	Jordan	Tobacco	10.91	5.15 Million	JOD 0.26	1.32

28	Investment Bank	Jordan	Asset Management	11.06	12.55 Million	JOD 0.13	1.19

29	Jordan Islamic Bank for Finance and Investment	Jordan	Commercial Banks	11.72	49.71 Million	JOD 0.28	2.03

30	Petra Education Company	Jordan	College and Universities	11.74	3.98 Million	JOD 0.28	2.60

31	Arab Orient Insurance Company - Jordan	Jordan	Insurance Companies	11.81	2.83 Million	JOD 0.16	1.64

32	Rum Aladdin Industries Company	Jordan	Home Furnishings	11.94	0.16 Million	JOD 0.07	0.70

33	Arab Jordan Investment Bank - Jordan	Jordan	Commercial Banks	12.32	16.37 Million	JOD 0.11	1.11

34	Jordan Telecom Group	Jordan	Fixed Line Operators	13.03	141.86 Million	JOD 0.40	3.09

35	Amad Investment and Real Estate Development	Jordan	Landlord and Developers	13.17	2.29 Million	JOD 0.14	1.12

36	Masafat for Specialised Transport	Jordan	Freight Forwarding Services	13.24	1.15 Million	JOD 0.05	0.71

37	Philadelphia International Educational Investment Company	Jordan	College and Universities	13.38	4.53 Million	JOD 0.25	2.62

38	Al Bilad Securities and Investment Company	Jordan	Asset Management	13.61	2.03 Million	JOD 0.09	1.23

39	Jordan Ahli Bank	Jordan	Asset Management	14.13	24.54 Million	JOD 0.11	0.82

40	National Poultry Company	Jordan	Meat and Poultry	14.47	6.52 Million	JOD 0.12	0.92

41	NutriDar	Jordan	Wholesale Distributers	14.50	1.21 Million	JOD 0.12	1.56

42	Société Générale de Banque - Jordanie	Jordan	Commercial Banks	14.90	5.67 Million	JOD 0.09	1.17

43	Al Shamikha Real Estate and Financial Investments	Jordan	Investment Companies	15.51	0.36 Million	JOD 0.12	0.83

44	Arab Bank - Jordan	Jordan	Asset Management	15.52	806.43 Million	USD 1.16	1.37

45	Jordan National Shipping Lines Company	Jordan	Maritime Shipping	16.46	4.08 Million	JOD 0.10	1.24

46	Jordan Worsted Mills Company	Jordan	Textiles and Apparel	16.62	7.55 Million	JOD 0.28	0.69

47	Al Jamil for General Investments	Jordan	Parts and Accessories	17.90	0.61 Million	JOD 0.26	5.53

48	Al Sharq Investment Projects	Jordan	Investment Companies	18.74	2.69 Million	JOD 0.12	1.78

49	Offtec Investment Group Company	Jordan	Real Estate Agents and Brokers	18.83	0.71 Million	JOD 0.03	0.58

50	Premier Business and Projects Company	Jordan	Household Chemicals	19.10	-0.24 Million	JOD 0.20	0.93

51	Jordan Dairy	Jordan	Dairy Products	19.38	0.67 Million	JOD 0.10	1.00

52	Arab International Hotels Company	Jordan	Hotel Management	19.69	4.53 Million	JOD 0.10	1.10

53	Al Dawliyah for Hotels and Malls	Jordan	Landlord and Developers	20.07	3.72 Million	JOD 0.06	0.88

54	General Investment Company	Jordan	Beverages and Juices	20.49	2.78 Million	JOD 0.18	1.51

55	Contempro for Housing Projects	Jordan	Landlord and Developers	20.55	0.47 Million	JOD 0.05	0.83

56	The Housing Bank for Trade and Finance	Jordan	Asset Management	21.09	135.71 Million	JOD 0.34	2.09

57	Holy Land Insurance Company	Jordan	Insurance Companies	21.38	0.15 Million	JOD 0.06	1.40

58	Jordan Dubai Properties Company	Jordan	Landlord and Developers	21.46	0.81 Million	JOD 0.04	0.82

59	Union Bank	Jordan	Asset Management	22.00	22.08 Million	JOD 0.10	0.96

60	Zara Investment Holding Company	Jordan	Hotel Management	22.28	13.92 Million	JOD 0.06	1.33

61	Jordan Press Foundation	Jordan	Publishing and Journalism	22.40	11.48 Million	JOD 0.68	3.35

62	Al Ammal Financial Investment	Jordan	Commodity Brokers	23.08	3.79 Million	JOD 0.06	1.20

63	Al Janoub Filters Manufacturing	Jordan	Parts and Accessories	23.09	0.35 Million	JOD 0.11	2.01

64	Winter Valley Tourism Investment	Jordan	Hotel Management	23.16	0.30 Million	JOD 0.04	1.73

65	Jordan Electric Power Company	Jordan	Electricity Supply	23.17	22.93 Million	JOD 0.17	3.03

66	United Financial Investments Company	Jordan	Asset Management	23.89	5.40 Million	JOD 0.12	1.23

67	First Insurance	Jordan	Insurance Companies	25.86	1.02 Million	JOD 0.03	0.83

68	Resources Company for Development and Investment	Jordan	Free Trade Zones and Industrial Parks	26.55	2.04 Million	JOD 0.03	0.74

69	Jordan Hotels and Tourism Company	Jordan	Hotel Management	26.77	6.41 Million	JOD 0.31	3.51

70	Jerusalem Insurance Company	Jordan	Insurance Companies	27.41	1.33 Million	JOD 0.08	1.60

71	Arab Financial Investment Company	Jordan	Asset Management	28.48	7.74 Million	JOD 0.12	1.54

72	Jordan Express Tourism Transport	Jordan	Passenger Transport	29.33	2.20 Million	JOD 0.07	1.16

73	Dar Al Dawa Development and Investment Company	Jordan	Pharmaceutical and Biotechnology	31.19	5.23 Million	JOD 0.12	1.49

74	Universal Modern Industries Company	Jordan	Edible Oil	32.98	1.26 Million	JOD 0.03	0.74

75	Jordan Wood Industries Company	Jordan	Office Furniture	33.23	2.22 Million	JOD 0.12	1.31

76	Mediterranean Tourism Investment Company	Jordan	Hotel Management	33.34	4.44 Million	JOD 0.06	1.82

77	Rum Tourist Transport Company	Jordan	Passenger Transport	34.44	0.45 Million	JOD 0.04	1.09

78	Arab International Company for Education and Investment	Jordan	Investment Companies	36.90	6.61 Million	JOD 0.07	1.90

79	Arab Electrical Industries - Jordan	Jordan	Electrical Equipment	37.42	0.45 Million	JOD 0.02	0.60

80	Taameer Jordan Holdings	Jordan	Precast and Concrete	38.26	4.54 Million	JOD 0.02	0.67

81	Jordan Projects for Tourism Development	Jordan	Hotel Management	39.22	4.94 Million	JOD 0.15	4.04

82	Bin Dar for Trade and Investment	Jordan	Diversified Financial Services	40.29	1.37 Million	JOD 0.05	2.08

83	Al Nisr Al Arabi Insurance Company	Jordan	Insurance Companies	41.91	3.01 Million	JOD 0.07	1.64

84	Jordan International Trading Centre	Jordan	Diversified Trading	42.75	0.60 Million	JOD 0.03	1.07

85	Union Land Development Company	Jordan	Landlord and Developers	44.73	4.46 Million	JOD 0.04	1.42

86	Jordan Commercial Bank	Jordan	Commercial Banks	45.79	13.21 Million	JOD 0.03	1.32

87	The Investors and Eastern Arab for Industrial and Real Estate Investments	Jordan	Investment Companies	46.23	10.77 Million	JOD 0.03	0.95

88	Afaq for Investment and Real Estate Development Company	Jordan	Multi-line	46.24	11.39 Million	JOD 0.10	3.86

89	Jordan Investment and Tourism Transport	Jordan	Passenger Transport	46.69	0.54 Million	JOD 0.03	1.64

90	Capital Bank of Jordan	Jordan	Asset Management	47.27	20.23 Million	JOD 0.03	0.96

91	Jordan French Insurance Company	Jordan	Insurance Companies	48.93	-0.04 Million	JOD 0.02	1.31

92	Middle East Insurance Company	Jordan	Insurance Companies	50.21	0.66 Million	JOD 0.04	1.16

93	Al Faris National Company for Investment and Export	Jordan	Software and Services	59.38	1.63 Million	JOD 0.01	0.86

94	Hayat Pharmaceutical Industries Company	Jordan	Pharmaceutical and Biotechnology	66.04	0.33 Million	JOD 0.02	1.15

95	Jordan Petroleum Refinery Company	Jordan	Distribution and Marketing	67.33	10.93 Million	JOD 0.11	3.55

96	Pearl Sanitary Paper Converting	Jordan	Hygenic Paper Products	70.79	0.30 Million	JOD 0.08	4.18

97	General Arabia Insurance Company	Jordan	Insurance Companies	74.22	0.51 Million	JOD 0.01	0.59

98	Nopar for Trading and Investments	Jordan	Diversified Trading	75.83	0.01 Million	JOD 0.01	0.93

99	Jordan Trade Facilities Company	Jordan	Diversified Financial Services	90.85	1.72 Million	JOD 0.01	1.19

100	Zahrat Alurdon for Hotel and Real Estate Investments	Jordan	Hotel Management	94.50	-0.00 Million	JOD 0.02	2.37

101	Arab International Food Factories and Investment Company	Jordan	Investment Companies	101.13	0.65 Million	JOD 0.04	1.26

102	Al Bilad Medical Services	Jordan	Hospitals and Clinics	105.13	1.06 Million	JOD 0.01	1.12

103	Al Tajamouat for Catering and Housing Company	Jordan	Catering Services	115.79	-0.69 Million	JOD 0.01	0.90

104	Jordan Loan Guarantee Corporation	Jordan	Credit Guarantee Organizations	124.59	-1.48 Million	JOD 0.01	0.50

105	Arabian Steel Pipes Manufacturing Company	Jordan	Fabricated Metals Products	147.59	4.34 Million	JOD 0.01	1.20

106	Al Tahdith for Real Estate Investments Company	Jordan	Landlord and Developers	152.73	-0.13 Million	JOD 0.01	0.87

107	Ready Mix Concrete and Construction Supplies	Jordan	Precast and Concrete	156.85	2.90 Million	JOD 0.01	1.91

108	Tuhama for Financial Investment	Jordan	Investment Companies	186.34	0.75 Million	JOD 0.00	0.64

109	National Chlorine Industries and Heavy Industries	Jordan	Chemicals	199.22	1.50 Million	JOD 0.01	0.82

110	International Silica Industries	Jordan	Nonmetallic Minerals	257.40	0.13 Million	JOD 0.02	4.15

111	Jordan Dubai Islamic Bank	Jordan	Development Banks	955.47	4.45 Million	JOD 0.00	1.34

112	Jordan Paper and Cardboard Factories Company	Jordan	Paper and Card Board	3,059.70	0.01 Million	JOD 0.00	1.46

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Seeking Alpha - GCC stocks to watch

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