As most Gulf markets continue their upward trajectory, with Dubai’s main index hitting a 17-year high and Abu Dhabi following suit, the Middle East is drawing increased attention from investors looking to capitalize on the region’s economic momentum. In this dynamic environment, identifying promising stocks involves considering factors such as market positioning and growth potential within sectors benefiting from steady oil prices and regional developments.

Name

Debt To Equity

Revenue Growth

Earnings Growth

Health Rating

Besler Gida Ve Kimya Sanayi ve Ticaret Anonim Sirketi

40.12%

43.54%

38.87%

★★★★★★

Vakif Gayrimenkul Yatirim Ortakligi

0.00%

50.97%

56.63%

★★★★★★

National General Insurance (P.J.S.C.)

NA

14.55%

29.05%

★★★★★☆

Mackolik Internet Hizmetleri Ticaret

0.14%

25.61%

36.34%

★★★★★☆

Arsan Tekstil Ticaret ve Sanayi Anonim Sirketi

0.53%

7.56%

49.01%

★★★★★☆

Gür-Sel Turizm Tasimacilik ve Servis Ticaret

6.88%

51.77%

67.59%

★★★★★☆

MIA Teknoloji Anonim Sirketi

17.80%

49.41%

66.89%

★★★★★☆

Segmen Kardesler Gida Üretim ve Ambalaj Sanayi Anonim Sirketi

2.02%

-10.23%

74.54%

★★★★☆☆

Bosch Fren Sistemleri Sanayi ve Ticaret

20.07%

44.84%

6.75%

★★★★☆☆

Izmir Firça Sanayi ve Ticaret Anonim Sirketi

43.01%

40.80%

-34.83%

★★★★☆☆

Click here to see the full list of 228 stocks from our Middle Eastern Undiscovered Gems With Strong Fundamentals screener.

Let’s explore several standout options from the results in the screener.

Simply Wall St Value Rating: ★★★★★☆

Overview: Aryt Industries Ltd. operates through its subsidiaries to develop, produce, and market electronic thunderbolt for the defense market in Israel with a market cap of ₪2.26 billion.

Operations: Aryt Industries generates revenue primarily from detonators, amounting to ₪126.54 million. The company’s market cap stands at approximately ₪2.26 billion.

Aryt Industries, a dynamic player in the Aerospace & Defense sector, has captured attention with its impressive earnings growth of 458.5% over the past year, outpacing the industry average of 46.1%. Despite a volatile share price recently, Aryt’s financials remain robust with net income soaring to ILS 59.68 million from ILS 10.69 million last year and basic earnings per share climbing to ILS 0.616 from ILS 0.111. The company is trading at an attractive valuation, approximately 87% below estimated fair value, while maintaining more cash than total debt and covering interest payments comfortably without concerns about cash runway due to profitability.

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