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MESC notches highest close since 2010
11/09/2024
Argaam Exclusive
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Shares of Middle East Specialized Cables Co. (MESC) ended 5% higher today, Sept. 11, at SAR 40.20, the highest close since 2010.
The stock hit an intraday high of SAR 41.90.
MESC announced today achieving profits of SAR 55.1 million in the first seven months of 2024. The company fully offset its accumulated loss and started making retained earnings.
| Year High (SAR) | Year Low (SAR) |
| 41.90 | 14.46 |
| Highest Since Debut (SAR) | Lowest Since Debut (SAR) |
| 146.09 | 6.84 |
Following today's rise, the stock gained more than 70% year-to-date.
Market Data :
| Open | 22.51 |
| Low | 22.06 |
| High | 22.76 |
| Previous Close | 22.50 |
| Change (3M) | (24.34 %) |
| Change (6M) | (26.11 %) |
| Market Value | 885.20 |
| Avg. Volume (3M) | 583,618.33 |
| Avg. Turnover (3M) | 15,707,427.84 |
| Avg. Transaction (3M) | 2,058.63 |
| Change(12M) | (43.89 %) |
| YTD | (48.16 %) |
The company made several capital changes since its listing on the Main Market (TASI) in 2007.
Adjustments to the capital (M Riyal) :
| Date | Type | Capital (M Riyal) | Change (%) |
| 2018 | Reduction | 400.00 | (33.33%) |
| 2013 | Right Issue | 600.00 | 50.00% |
| 2008 | Split | 400.00 | 25.00% |
| 2007 | IPO | 320.00 | 0.00% |
Financial Performance :
Overview :
Saudi Industrial Development Co. (SIDC) was established in 1992 in Jeddah as a closed joint-stock company, with capital of SAR 400 million. In 1993, the company was converted into a public Saudi joint-stock company.
The company's core business is the manufacture of sanitary supplies from plastics, and foam products. Its operations span five key segments: mattresses and foam segment, encompassing the production and sale of foam with different densities, mattress structures, and associated ac...
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Financial Ratios :
| Financial Ratio | Current |
| Market Cap (M Riyal) | 885.20 |
| Shares Outstanding ((M)) | 40.00 |
| EPS ( ) (TTM) | 2.29 |
| Book Value (BV) ( Riyal) (Latest announcement) | 12.97 |
| Recurring P/E | 10.06 |
| Price/book | 1.71 |
| Dividend Yield (%) (Last Year) | 4.52 |
| Return on Average Assets (%) (TTM) | 9.40 |
| Return on Average Equity (%) (TTM) | 19.01 |
| Par Value ( Riyal) | 10.00 |
| Enterprise Value (EV) (M Riyal) | 993.20 |
| EV/adj EBITDA | 7.06 |
| EV/Revenues | 0.70 |
Calendar :
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12 December
General Assembly
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24 February
General Assembly
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17 June
Ex-dividend Date
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17 June
General Assembly
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08 July
Cash Dividend Distribution
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30 November
Ex-dividend Date
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Call Request
Comments Analysis: