Taking a look at the current index of the Qatar Securities Market and it standing around the point of 6200. What do you guys think the prospects for this markets are?
Do you consider the Qatari Market to be an efficient one?
For those of you interested in buying shares, I would suggest Rayan or Khaleej bank. Buying into either bank is for long term as opposed to a get out quick making a bit of cash system.
Khaleej's first profit was not much at all but is a bank that will grow. Rayan pays out well (based on my experience) and is worth holding onto for a while. Their share price has got to increase and it will.
Industries is another good one. Their profits are huge and you have to consider all the projects under development that will all be complete in staggered format. Look at their paid up capital versus their profits...pretty wild.
Right now the quota for expats is all maxed out for industries. It is true that the share price has flucuated a lot but I believe it will eventually stablize on the high. Personally, I will hold on to mine for another 6months - 1 year instead of selling for a quick profit. Reason being as noted above, plus hard to buy back the shares as an expat given the lack of selling at the moment.
What is the average p/e ratio and dividend ratio here? How do you find out - are annual reports published in English? I'm interested but just don't know how to find out basic information. It does strike me that more people here buy without basic analysis, and that the greater rises and dips could benefit a careful investor.
Good! Let's formalize the group as it gets bigger later on as I'm sure there are alot who are just on the sidelines and waiting to come on board. I'm glad you both accepted the idea. Anyway, we are all in the financial industry. I used to be in one of the Asian Markets for 7 years before moving here for a financial post in one of the financial institutions right now. Let me know if you guys are up to setting up a forum later on and have our own "market investors nook" in QL. I hope they'll allow us to do this. Cheers and let's keep in touch. By the way, does anyone of you know how I can get hold of a good (and free access)charting tool like Bloomberg here? I wanna test my analysis on the technicals. I think the some of the stocks are at good "buy" levels but I need to know (technically) when to come in. Although on some, I can see its time to sell (just off my mind) since they're positioning for the IPO....
Cheers gentlemen! Perhaps we can do a tading club... It would be great to exchange info on this form of investment.
Don, Let me know if you decide to go on board. It would be great to have someone in the thick of things here. It is easy to beat the market here given that it is still "young" or "emerging" if you will. I just wish the reach will be bigger as I have noticed that there is no brokerage company or bank that adopted a sort of "Charles Schwabb" approach were they can "teach" or launch Equity trading seminars in order to orient people on how to learn this good investment vehicle. Actually, I like it somehow that people become "reactive". That way we can buy stocks cheaper... Then again the other side of it is that it'll take sometime for it to pick up again since they have to get their trading confidence back on saddle...
Any medium term investments (3-6 mos) that you see interesting? If so, what industries? I think a one year time line the DSM will give you atleast a 60% to 70% return - conservatively speaking....
To be honest I am quite glad myself that there are people here who are interested in equity trading. Myself I am not in Qatar at the moment, but will be first week in May. I was offered a position of Relationship Manager in a Wealth Management Division at one of the Banks in Qatar. I started doing my home work from now, i am currently in the process of getting a better understanding of the Qatari Market and Gulf Markets in general.
I agree with you that it is a pitty that only Qataris are allowed to participate in the IPO for (Khaliji Bank). It is a good investment oppertunity.
Regarding DSM, even if it was an efficient market, there still would be a chance to make profits. The chances would not be as great as trading in a non-efficient market, but still achievable. Trust me in this region, outperforming the market is no hastle!
Yes, for my sins I do trade the DSM. As an expat you can trade through Dlala Capital. There are rules restricting foreign ownership and they will supply you with all the details.
As far as data on the DSM goes. I have included the link to the DSM that I use below. I should warn you though that for at least 85% of the time I have absolutely no clue as to what I am doing and I usually have no idea what I am talking about. Unfortunately, neither lack of knowledge or ability prevents me from doing either.
http://www2.dsm.com.qa/dsm/DSM_Home
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
It's good to know that there are at least 2 guys here that are knowledgeable about the market. Are you guys (Richard and Don) trading in the DSM? If so, what are the rules, restrictions,etc. for expats who would like to trade in the DSM?
Following your comments Richard, it is somewhat good that the market is NOT EFFICIENT - How else can we earn if it was.. In fact it was a famous investor who once blasted the "Efficient Market Theory" (I bet you know who this famous equities investor is). He was even remarked as saying "If the market is reflecting the real value of any stock, I'll be a beggar in wall street with a tin cup".... or something to that effect in his book...
Hope we can exchange notes on the market as there is another company that started its IPO since Sunday (Kahliji bank). Unfortuantely, only Qataris are allowed to invest in IPO's for now. Expats have to wait on the secondary market once it's listed...
It is a bit blunt as you mentioned... I have not calculated the intrinsic value of the market and whether it adds up to what the market cap is at this point. As soon as I do I will let you know my findings.
Is there available historic Data for the companies listed on the DSM? and to what extent are they considered to be reliable?
Take my 30% figure with a pinch of salt. I calculated it based on hitoric versus current P/E values and dividend yields. This is a pretty blunt instrument however because corporate governance is relatively opaque and as I mentioned before, a high retail investor base does distort data.
Still for what it is worth I still think 30% is about right.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
I think the long term potential (12-18 months) is very good. The market is very undervalued. Many of the companies listed on the DSM are highly profitable and pay good dividends. The economic situation is very strong and the fundamentals are good. The market is probably 30% undervalued and to me, looks like a strong buy.
Is the market efficient? No. It is an infant market and is easily manipulated. Also, it is too retail dominated. Retail investors are not sophisticated and tend to over react to market news. However, regulation is improving and the DSM is deepening and becoming more transparent. It has a long way to go in terms of becoming more professional. However, as I said before, the fundamentals are good and there are some very good corporate stories. For me, the market is a good bet at the moment.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
On average, the longer you hold a share, the better the chance of you making a profit. I believe that the market in Qatar and the gulf in general needs a major makeover, in terms of making the market more professional.
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Well said posts Richard.
For those of you interested in buying shares, I would suggest Rayan or Khaleej bank. Buying into either bank is for long term as opposed to a get out quick making a bit of cash system.
Khaleej's first profit was not much at all but is a bank that will grow. Rayan pays out well (based on my experience) and is worth holding onto for a while. Their share price has got to increase and it will.
Industries is another good one. Their profits are huge and you have to consider all the projects under development that will all be complete in staggered format. Look at their paid up capital versus their profits...pretty wild.
Right now the quota for expats is all maxed out for industries. It is true that the share price has flucuated a lot but I believe it will eventually stablize on the high. Personally, I will hold on to mine for another 6months - 1 year instead of selling for a quick profit. Reason being as noted above, plus hard to buy back the shares as an expat given the lack of selling at the moment.
FYI
My opinon only...
Are their any money mgmt firms here...??
if you know of any.. can you pls. list them here...
tx
What is the average p/e ratio and dividend ratio here? How do you find out - are annual reports published in English? I'm interested but just don't know how to find out basic information. It does strike me that more people here buy without basic analysis, and that the greater rises and dips could benefit a careful investor.
Qatar Visitor
Good! Let's formalize the group as it gets bigger later on as I'm sure there are alot who are just on the sidelines and waiting to come on board. I'm glad you both accepted the idea. Anyway, we are all in the financial industry. I used to be in one of the Asian Markets for 7 years before moving here for a financial post in one of the financial institutions right now. Let me know if you guys are up to setting up a forum later on and have our own "market investors nook" in QL. I hope they'll allow us to do this. Cheers and let's keep in touch. By the way, does anyone of you know how I can get hold of a good (and free access)charting tool like Bloomberg here? I wanna test my analysis on the technicals. I think the some of the stocks are at good "buy" levels but I need to know (technically) when to come in. Although on some, I can see its time to sell (just off my mind) since they're positioning for the IPO....
Good idea. I have to be honest though, this is my job. Its what I do for a living.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
I think that it would be a nice idea to have a Trading Club. What do you think Richard123?
The biggest risk in life, is not taking one!
Cheers gentlemen! Perhaps we can do a tading club... It would be great to exchange info on this form of investment.
Don, Let me know if you decide to go on board. It would be great to have someone in the thick of things here. It is easy to beat the market here given that it is still "young" or "emerging" if you will. I just wish the reach will be bigger as I have noticed that there is no brokerage company or bank that adopted a sort of "Charles Schwabb" approach were they can "teach" or launch Equity trading seminars in order to orient people on how to learn this good investment vehicle. Actually, I like it somehow that people become "reactive". That way we can buy stocks cheaper... Then again the other side of it is that it'll take sometime for it to pick up again since they have to get their trading confidence back on saddle...
Any medium term investments (3-6 mos) that you see interesting? If so, what industries? I think a one year time line the DSM will give you atleast a 60% to 70% return - conservatively speaking....
To be honest I am quite glad myself that there are people here who are interested in equity trading. Myself I am not in Qatar at the moment, but will be first week in May. I was offered a position of Relationship Manager in a Wealth Management Division at one of the Banks in Qatar. I started doing my home work from now, i am currently in the process of getting a better understanding of the Qatari Market and Gulf Markets in general.
I agree with you that it is a pitty that only Qataris are allowed to participate in the IPO for (Khaliji Bank). It is a good investment oppertunity.
Regarding DSM, even if it was an efficient market, there still would be a chance to make profits. The chances would not be as great as trading in a non-efficient market, but still achievable. Trust me in this region, outperforming the market is no hastle!
The biggest risk in life, is not taking one!
Yes, for my sins I do trade the DSM. As an expat you can trade through Dlala Capital. There are rules restricting foreign ownership and they will supply you with all the details.
As far as data on the DSM goes. I have included the link to the DSM that I use below. I should warn you though that for at least 85% of the time I have absolutely no clue as to what I am doing and I usually have no idea what I am talking about. Unfortunately, neither lack of knowledge or ability prevents me from doing either.
http://www2.dsm.com.qa/dsm/DSM_Home
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
It's good to know that there are at least 2 guys here that are knowledgeable about the market. Are you guys (Richard and Don) trading in the DSM? If so, what are the rules, restrictions,etc. for expats who would like to trade in the DSM?
Following your comments Richard, it is somewhat good that the market is NOT EFFICIENT - How else can we earn if it was.. In fact it was a famous investor who once blasted the "Efficient Market Theory" (I bet you know who this famous equities investor is). He was even remarked as saying "If the market is reflecting the real value of any stock, I'll be a beggar in wall street with a tin cup".... or something to that effect in his book...
Hope we can exchange notes on the market as there is another company that started its IPO since Sunday (Kahliji bank). Unfortuantely, only Qataris are allowed to invest in IPO's for now. Expats have to wait on the secondary market once it's listed...
Cheers and enjoy the market..
It is a bit blunt as you mentioned... I have not calculated the intrinsic value of the market and whether it adds up to what the market cap is at this point. As soon as I do I will let you know my findings.
Is there available historic Data for the companies listed on the DSM? and to what extent are they considered to be reliable?
The biggest risk in life, is not taking one!
Take my 30% figure with a pinch of salt. I calculated it based on hitoric versus current P/E values and dividend yields. This is a pretty blunt instrument however because corporate governance is relatively opaque and as I mentioned before, a high retail investor base does distort data.
Still for what it is worth I still think 30% is about right.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
I must say that I do enjoy reading your comments on QL. However, the DSM market has good potential as you said.
how did you determine that the market is 30% undervalued?
I think the long term potential (12-18 months) is very good. The market is very undervalued. Many of the companies listed on the DSM are highly profitable and pay good dividends. The economic situation is very strong and the fundamentals are good. The market is probably 30% undervalued and to me, looks like a strong buy.
Is the market efficient? No. It is an infant market and is easily manipulated. Also, it is too retail dominated. Retail investors are not sophisticated and tend to over react to market news. However, regulation is improving and the DSM is deepening and becoming more transparent. It has a long way to go in terms of becoming more professional. However, as I said before, the fundamentals are good and there are some very good corporate stories. For me, the market is a good bet at the moment.
Patriotism cannot be our final spiritual shelter; my refuge is humanity. Tagore, Bengali Poet
On average, the longer you hold a share, the better the chance of you making a profit. I believe that the market in Qatar and the gulf in general needs a major makeover, in terms of making the market more professional.
[img_assist|nid=7955|title=neo-avetar-only-for-neo-please|desc=|link=none|align=left|width=126|height=180]
Market is totally unstable. Person may loose money if waited
for long time. Persons are selling immediately just to earn
short differences in Dirhams thereby Market becomes unstable for
not waiting by Investors for Long Term.
SOMETIMES ALL THE SCRIP IN THE PARTICULAR SECTOR FALL WHICH IS
UNJUSTIFIABLE.