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editorial-team@simplywallst.com (Simply Wall St)
4 min read
In This Article:
The Middle Eastern stock markets have recently experienced a downturn, largely influenced by geopolitical tensions and fluctuating oil prices. Despite these challenges, investors continue to explore opportunities within the region’s diverse market landscape. Penny stocks, often associated with smaller or newer companies, remain an intriguing area for potential growth. While the term may seem dated, these stocks can offer valuable opportunities when backed by strong financial health and sound fundamentals.
|
Name |
Share Price |
Market Cap |
Financial Health Rating |
|
Thob Al Aseel (SASE:4012) |
SAR3.99 |
SAR1.6B |
★★★★★★ |
|
E.E.A.M.I (TASE:EEAM-M) |
₪0.087 |
₪8.53M |
★★★★★★ |
|
Tectona (TASE:TECT) |
₪3.403 |
₪78.9M |
★★★★★★ |
|
Alarum Technologies (TASE:ALAR) |
₪2.997 |
₪207.81M |
★★★★★★ |
|
Oil Refineries (TASE:ORL) |
₪0.92 |
₪2.86B |
★★★★★☆ |
|
Big Tech 50 R&D-Limited Partnership (TASE:BIGT) |
₪1.71 |
₪18.15M |
★★★★★★ |
|
Almeda Ventures Limited Partnership (TASE:AMDA) |
₪1.551 |
₪24.86M |
★★★★★★ |
|
Tgi Infrastructures (TASE:TGI) |
₪2.12 |
₪157.61M |
★★★★★☆ |
|
Sharjah Cement and Industrial Development (PJSC) (ADX:SCIDC) |
AED0.675 |
AED410.57M |
★★★★★★ |
|
Dubai Investments PJSC (DFM:DIC) |
AED2.34 |
AED9.91B |
★★★★☆☆ |
Click here to see the full list of 99 stocks from our Middle Eastern Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Union Properties (ticker: DFM:UPP) is a company that invests in and develops properties, with a market cap of AED2.51 billion.
Operations: The company’s revenue is derived from three main segments: Contracting (AED25.61 million), Real Estate (AED47.31 million), and Goods and Services (AED455.83 million).
Market Cap: AED2.51B
Union Properties has shown mixed performance indicators typical of penny stocks. Despite a low price-to-earnings ratio of 9.1x, indicating potential value compared to the AE market, the company faces challenges with negative earnings growth and lower profit margins at 52.1% compared to last year. The company’s net income decreased significantly from AED837.62 million to AED275.64 million year-over-year, highlighting volatility in profitability partly due to large one-off gains impacting financial results. While debt management appears satisfactory with a reduced debt-to-equity ratio and short-term assets covering liabilities, operating cash flow coverage remains weak at 8.4%.
