ArabianBusiness.com - Middle East Business News
Friday, 27 November 2009 | 08:32 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.

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# COMPANY COUNTRY INDUSTRY PE Ratio NET PROFIT EPS PRICE TO BOOK
1Gulf Finance House - BahrainBahrainAsset Management0.99291.89
Million
USD 0.380.71
2International Leasing and Investment CompanyKuwaitAsset Management1.3573.15
Million
USD 0.260.43
3United Gulf BankBahrainAsset Management2.24207.28
Million
USD 0.461.21
4Bank of Beirut - LebanonLebanonAsset Management3.7144.33
Million
USD 3.261.21
5Al Salam Bank - BahrainBahrainAsset Management6.8567.76
Million
BHD 0.010.83
6BLOM Bank LebanonAsset Management7.17243.27
Million
LBP 10,000.001.40
7Union National Bank - UAEUAEAsset Management7.67382.47
Million
AED 0.481.01
8Abu Dhabi Islamic Bank - UAEUAEAsset Management7.85231.77
Million
AED 0.411.14
9Dubai Islamic Bank - UAEUAEAsset Management7.85471.10
Million
AED 0.351.10
10Emirates NBDUAEAsset Management8.051.00 BillionAED 0.571.00
11Amwal InvestJordanAsset Management8.305.70
Million
JOD 0.130.74
12First Gulf Bank UAEAsset Management8.71818.22
Million
AED 2.131.57
13National Bank of Abu DhabiUAEAsset Management9.87821.89
Million
AED 1.362.03
14MashreqUAEAsset Management10.30447.28
Million
AED 8.831.46
15BBKBahrainAsset Management10.5071.84
Million
BHD 0.041.62
16BankMuscatOmanAsset Management10.52243.48
Million
OMR 0.081.27
17Investment BankJordanAsset Management11.0612.55
Million
JOD 0.131.19
18Masraf Al RayanQatarAsset Management11.85251.93
Million
QAR 1.091.70
19Qatar National Bank - QatarQatarAsset Management12.851.00 BillionQAR 12.252.85
20Al Bilad Securities and Investment Company JordanAsset Management13.712.03
Million
JOD 0.091.24
21Jordan Ahli BankJordanAsset Management14.1324.54
Million
JOD 0.110.82
22National Bank of Kuwait - KuwaitKuwaitAsset Management14.88896.59
Million
KWD 0.072.10
23Arab Bank - JordanJordanAsset Management15.35806.43
Million
USD 1.161.35
24Gulf Investment Services CompanyOmanAsset Management18.58-10.12
Million
OMR 0.026.32
25National Bank of OmanOmanAsset Management20.95117.88
Million
OMR 0.021.41
26The Housing Bank for Trade and FinanceJordanAsset Management21.09135.71
Million
JOD 0.342.09
27Union BankJordanAsset Management21.8922.08
Million
JOD 0.100.95
28United Financial Investments CompanyJordanAsset Management24.065.40
Million
JOD 0.121.24
29Ahli United Bank - BahrainBahrainAsset Management25.82255.72
Million
USD 0.021.16
30Abu Dhabi Commercial BankUAEAsset Management26.85336.68
Million
AED 0.080.68
31Shamil BankBahrainAsset Management28.0322.83
Million
USD 0.021.62
32Arab Financial Investment CompanyJordanAsset Management28.487.74
Million
JOD 0.121.54
33Al Khaliji Commercial BankQatarAsset Management33.4014.23
Million
QAR 0.431.14
34Islamic Financial Securities CompanyQatarAsset Management33.445.06
Million
QAR 1.153.49
35Khaleeji Commercial BankBahrainAsset Management45.7672.43
Million
BHD 0.001.03
36Capital Bank of JordanJordanAsset Management47.9420.23
Million
JOD 0.030.98
37Kuwait Finance House - KuwaitKuwaitAsset Management57.81551.12
Million
KWD 0.022.19
38Burgan BankKuwaitAsset Management110.59132.66
Million
KWD 0.001.19
39Al Ahli Bank of KuwaitKuwaitAsset Management179.53161.64
Million
KWD 0.001.79
40Tamdeen Investment CompanyKuwaitAsset Management235.716.39
Million
KWD 0.000.49
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All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.