With annual returns of -23.02 percent, Muneeza Hasan is the lowest-ranked UAE real estate stock analyst, according to the data provided by Bloomberg. Hasan covers all the major local developers, and none of the contractors. With only Emaar performing relatively well over the downturn, it’s been a particularly tough time for some of the UAE’s marquee names. On Emaar, Hasan’s returns over the past year are -12.16 percent, and she is rated third on the Bloomberg Absolute Return Rank (BARR) on the stock. For Aldar, Hasan’s returns are -46.84 percent. Aldar is closely followed by Sorouh, at with returns at -38.11 percent, and a fifth-rated ranking on the BARR. For RAK Properties, which posted a profit of only $9.7m, Hasan’s return is -18 percent, while she has 0 percent returns on Union Properties stock.
Analyst’s response: “JP Morgan’s stock calls are based on relative returns basis as opposed to absolute performance. JP Morgan Cazenove’s UK Small/Mid-Cap dedicated research analysts use the same rating categories; however, each stock’s expected total return is compared to the expected total return of the FTSE All Share Index, not to those analysts’ coverage universe.”
Follow us on
