Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
Kuwait Corporate Fact Sheet
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Global Investment House Co. <strong>Fact</strong> <strong>Sheet</strong><br />
Investment Sector<br />
Reuters Code: GLOB.KW Current Price (KD) : 1.040<br />
Key <strong>Fact</strong>s<br />
KD ' 000 2003 2004 2005 2006 2007<br />
Cash & Cash Equivalent 7,893 7,331 31,740 66,830 68,797<br />
Held For Trading Investments 2,391 3,591 83,865 297,334 374,648<br />
Available For Sale Investments 26,689 62,120 92,258 146,070 188,836<br />
Investments in Unconsolidated Sub. & Associated Co. 0 1,792 16,637 52,062 95,782<br />
Investment in Properties 0 0 5,959 414 41,433<br />
Loans & Advances 8,499 19,242 50,303 41,019 24,615<br />
Other Assets 4,655 5,057 19,933 88,162 118,846<br />
Total Assets 50,127 99,134 300,695 691,891 912,957<br />
Money Market Loans 13,493 4,066 54,796 201,670 244,349<br />
Bonds 0 20,000 20,000 20,000 65,000<br />
Medium Term Borrowings 0 0 0 55,972 84,754<br />
Wakala Payables 0 20,578 87,248 134,286 149,167<br />
Other Liabilities 2,784 5,730 9,547 30,997 40,222<br />
Total Liabilities 16,276 50,374 171,591 442,925 583,492<br />
Minority Interest 0 0 8,608 4,582 6,414<br />
Equity 33,851 48,760 120,496 244,384 323,051<br />
Placement, Advisory, & Management Fees 11,823 16,204 25,641 33,926 36,303<br />
Total Realized Investment Income/(Loss) 3,477 7,180 30,586 46,659 87,198<br />
Total Unrealized Investment Income/(Loss) 2,516 5,828 23,871 29,775 30,873<br />
Total Operating Revenue 17,816 29,213 80,098 110,360 154,374<br />
Total Operating Expenses 4,986 7,104 16,502 34,986 58,890<br />
Operating Profit 12,831 22,109 63,596 75,374 95,484<br />
Other Non-operating Expenses 385 789 2,210 3,964 4,119<br />
Net Profit 12,445 21,320 61,386 71,410 91,365<br />
Key Ratios<br />
KAMCO Research<br />
June 22, 2008<br />
2003 2004 2005 2006 2007<br />
Return On Assets (%) 24.8% 21.5% 20.4% 10.3% 10.0%<br />
Return On Equity (%) 36.8% 43.7% 50.9% 29.2% 28.3%<br />
Total Fees / Total Operating Revenue 66.4% 55.5% 32.0% 30.7% 23.5%<br />
Investments / Total Assets (%) 58.0% 68.1% 66.1% 71.7% 76.8%<br />
Loans & Advances / Total Assets (%) 17.0% 19.4% 16.7% 5.9% 2.7%<br />
Total Liabilities / Total Assets (%) 32.5% 50.8% 57.1% 64.0% 63.9%<br />
Historical Share Data YTD<br />
2004 2005 2006 2007 22-Jun-08<br />
Market Capitalization (KD thousand) 206,010 750,811 775,995 850,964 1,296,212<br />
Closing Share Price (KD) 0.990 2.700 1.100 0.990 1.040<br />
Highest Price for the Period (KD) 1.000 2.860 3.240 1.080 1.240<br />
Lowest Price for the Period (KD) 0.540 0.980 0.930 0.680 0.900<br />
Volume ('000 shares) 191,830 183,231 182,553 451,193 301,368<br />
Value ('000 KD) 132,073 286,302 254,662 386,793 318,091<br />
No. of Trades 8,686 13,197 13,959 15,556 10,900<br />
EPS (KD) 0.094 0.103 0.089 0.109 0.109<br />
Book Value Per Share (KD) 0.239 0.438 0.355 0.377 0.377<br />
Dividend Per Share (KD) 0.070 0.070 0.050 0.050 NA<br />
Price to Earnings Multiple (X) #<br />
11.03 10.11 11.69 9.53 9.53<br />
Price to Book Value Multiple (X) #<br />
4.36 2.37 2.93 2.76 2.76<br />
Dividend Yield (%) #<br />
6.73 6.73 4.81 4.81 4.81<br />
KD<br />
1.250<br />
1.200<br />
1.150<br />
1.100<br />
1.050<br />
1.000<br />
0.950<br />
0.900<br />
0.850<br />
0.800<br />
52-Week Price Chart Rel. to KAMCO TRW Index<br />
GLOBAL KAMCO TRW Index<br />
24.6.07<br />
8.7.07<br />
22.7.07<br />
5.8.07<br />
19.8.07<br />
2.9.07<br />
16.9.07<br />
30.9.07<br />
14.10.07<br />
28.10.07<br />
11.11.07<br />
25.11.07<br />
9.12.07<br />
23.12.07<br />
6.1.08<br />
20.1.08<br />
3.2.08<br />
17.2.08<br />
2.3.08<br />
16.3.08<br />
30.3.08<br />
13.4.08<br />
27.4.08<br />
11.5.08<br />
25.5.08<br />
8.6.08<br />
22.6.08<br />
Index<br />
4,800<br />
4,700<br />
4,600<br />
4,500<br />
4,400<br />
4,300<br />
4,200<br />
4,100<br />
4,000<br />
NA: Not Applicable, NM: Not Meaningful<br />
N/A: Not Available. YTD: Beginning of year to date<br />
#<br />
:Historical P/E, P/B & Yield are based on<br />
current price & historical earning per share,<br />
book value per share & dividend per share<br />
Investment Research Department<br />
KIPCO Asset Management Co. K.S.C.C<br />
KAMCO<br />
P.O.Box: 28873 Safat 13149 <strong>Kuwait</strong><br />
Email : kamco_research@kamconline.com
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