Analyst news

• MIDEAST STOCKS-Earnings drag down Saudi, tax fears continue to weigh on Egypt

  22-01-2017 10:12 via news.yahoo.com
  
  DUBAI, Jan 22 (Reuters) - Weak fourth-quarter earnings at several major Saudi Arabian companies dragged down that market on Sunday, while most other Gulf bourses were firm. Tax fears continued to weigh on Egypt. The Saudi index dropped 0.4 percent as food maker Savola plunged 6.2 percent. It swung to net loss of 964.3 million riyals ($257.2 million) in the quarter from a profit of 515.3 million riyals a year ago, and said it did not plan to pay quarterly dividends in 2017. Analysts polled by Reu
  
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• BUZZ-Saudi bank shares slide on Q4 earnings misses

  22-01-2017 09:01 via news.yahoo.com
  
  Jan 22 (Reuters) - ** Shares in nine of 12 listed Saudi banks drop after several posted fourth-quarter earnings below estimates ** Alawwal Bank falls 6.4 percent after swinging to net loss of 249.3 million riyals ($66.5 million) from year-earlier net profit of 451.3 million riyals; Alistithmar Capital and EFG Hermes had forecast profit of 330.5 million and 438.0 million riyals ** Saudi British Bank drops 3.2 percent after posting 35 percent drop in fourth-quarter net profit; Banque Saudi Fransi
  
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• RHB Securities: Eagle High earnings to rebound

  22-01-2017 04:26 via rocketnews.com
  
  KUALA LUMPUR: PT Eagle High Plantations’ potential earnings rise and Felda’s acquisition could be a catalyst for unlocking the Indonesian firm’s share price, said PT RHB Securities Indonesia.
  In a research report titled “Flying High Like An Eagle”, RHB Securities said the company’s favourable tree age profile should be a key driver for sizeable palm oil production growth in the years ahead.
  “The current crude palm oil price level should enable Eagle Hig
  
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