EPS figures calculated from Net Profit / 558,379,008 shares outstanding.
RAKCEC share price as of 30 Jul 2008 was 4.06 dhs, so 2008 estimated PE is about 4.06 / 0.44 = 9.2, based on Q2 earnings, which is somewhat lower than the average market PE of about 13. 2008 PE estimate based on H1 earnings is 4.06 / 0.41 = 9.9, which is not much more and probably indicates a reasonable share price compared to the market average, given the steady, rather than spectacular, profit growth. Nevertheless, at these price levels, could be a stock worthy of consideration if you wanted some diversification into something industrial.
This quarter looks good for RAK Ceramics, with higher ROE (although still below the market average), lowest PE seen for a while, and even PBV is about half the market average. Of course, you'd expect that, given that RAKCeramics probably has a large amount of investment in production facilities.
BOD report is included but hardly worth reading, mostly a restatement of some financial figures.
RAKCEC share rose slightly today, by 1% to AED 4.10 on just a couple of small trades.
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