Buying Craze for Saudi Telecom Stocks Has Analysts Frowning (Bloomberg)

•  Zain, Mobily are the best performers in main index in 2019
•  Analysts say many retail investors are betting on dividends but most analysts see the gain as unsustainable.

Mobile Telecommunications Co., or Zain KSA, and Etihad Etisalat Co. have risen more than 43% this year, almost three times the advance in the main Saudi index. Analysts surveyed by Bloomberg are skeptical and have average target prices for the stocks that indicate a discount of about 10% and 20% from their current values, respectively. READ MORE

Similar Posts:

• Saudi Arabia Inclusion and Emerging Markets (MSCI)
• Saudi Arabia’s Tadawul Stock Market and Foreign Investment (AFC)
• Spotlight on Saudi Arabia (Franklin Templeton)
• The “Halo Effect” of Saudi Arabia’s Emerging Markets Arrival (Franklin Templeton)
• Saudi Arabia’s First Successful Play for Emerging Market Status (Franklin Templeton Investments)
• The Making of Saudi Inc. (Bloomberg)
• Liquidity Bump Underlines MENA Stocks’ Appeal in 2019 (Franklin Templeton)
• Results of MSCI 2017 Market Classification Review (MSCI)
• Saudi Arabia Could be Emerging Markets’ Next Rising Star (Lazard)
• GAM’s Love: Emerging Markets Might Double Your Money Over Four Years (FE Trustnet)
• Saudi Arabia Builds Cities in the Sand to Move Beyond Oil (Bloomberg)
• Saudi Arabia’s Emerging Market Pursuit (Franklin Templeton)
• YPO CEO Survey: UAE Business Confidence Declines Significantly (YPO)
• Finance Minister Says Saudi Arabia is Investing in Technology ‘Like There’s No Tomorrow’ (Yahoo! Finance)
• India, China Step on the Gas on Oil Sourcing Plan (Livemint)