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Brent Crude-Oil Futures Rise as Markets Watch Strait of Hormuz

2230 GMT — Brent crude jumps early in Asia, reflecting a market on edge about Iran's threat to disrupt shipping through the Strait of Hormuz. Iranian politicians have repeatedly threatened the strait, which handles roughly one-fifth of the world's petroleum as well as massive cargoes of natural gas. Any disruption would send oil prices soaring. Front-month Brent is up 3.1% at $79.40 a barrel. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

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Middle Eastern Dividend Stocks To Watch In 2023
Middle Eastern Dividend Stocks To Watch In 2023

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Middle Eastern Dividend Stocks To Watch In 2023

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(ADX:RAKBANK) 7.56% ★★★★★☆ Emirates NBD Bank PJSC (DFM:EMIRATESNBD) 4.73% ★★★★★☆ Emaar Properties PJSC (DFM:EMAAR) 8.06% ★★★★★☆ Commercial Bank of Dubai PSC (DFM:CBD) 5.97% ★★★★★☆ Arab National Bank (SASE:1080) 6.31% ★★★★★☆ Anadolu Hayat Emeklilik Anonim Sirketi (IBSE:ANHYT) 7.94% ★★★★★☆ Click here to see the full list of 75 stocks from our Top Middle Eastern Dividend Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Simply Wall St Dividend Rating: ★★★★☆☆ Overview: Gulf Medical Projects Company (PJSC) operates hospitals in the United Arab Emirates and has a market cap of AED1.45 billion. Operations: Gulf Medical Projects Company (PJSC) generates revenue from segments including Investments, contributing AED37.79 million, and Health Services & Others, which accounts for AED690.34 million. Dividend Yield: 7.2% Gulf Medical Projects Company (PJSC) offers a dividend yield of 7.21%, placing it in the top 25% of dividend payers in the AE market. 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Should Weakness in SUTL Enterprise Limited's (SGX:BHU) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Should Weakness in SUTL Enterprise Limited's (SGX:BHU) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

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Should Weakness in SUTL Enterprise Limited's (SGX:BHU) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?

SUTL Enterprise (SGX:BHU) has had a rough month with its share price down 3.4%. However, the company's fundamentals look pretty decent, and long-term financials are usually aligned with future market price movements. Specifically, we decided to study SUTL Enterprise's ROE in this article. Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. In simpler terms, it measures the profitability of a company in relation to shareholder's equity. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. ROE can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for SUTL Enterprise is: 13% = S$8.4m ÷ S$66m (Based on the trailing twelve months to December 2024). The 'return' is the amount earned after tax over the last twelve months. So, this means that for every SGD1 of its shareholder's investments, the company generates a profit of SGD0.13. Check out our latest analysis for SUTL Enterprise Thus far, we have learned that ROE measures how efficiently a company is generating its profits. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Generally speaking, other things being equal, firms with a high return on equity and profit retention, have a higher growth rate than firms that don't share these attributes. To start with, SUTL Enterprise's ROE looks acceptable. Especially when compared to the industry average of 7.0% the company's ROE looks pretty impressive. This probably laid the ground for SUTL Enterprise's significant 24% net income growth seen over the past five years. We believe that there might also be other aspects that are positively influencing the company's earnings growth. For example, it is possible that the company's management has made some good strategic decisions, or that the company has a low payout ratio. As a next step, we compared SUTL Enterprise's net income growth with the industry and were disappointed to see that the company's growth is lower than the industry average growth of 42% in the same period. Earnings growth is a huge factor in stock valuation. It's important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. One good indicator of expected earnings growth is the P/E ratio which determines the price the market is willing to pay for a stock based on its earnings prospects. So, you may want to check if SUTL Enterprise is trading on a high P/E or a low P/E, relative to its industry. The high three-year median payout ratio of 52% (implying that it keeps only 48% of profits) for SUTL Enterprise suggests that the company's growth wasn't really hampered despite it returning most of the earnings to its shareholders. Moreover, SUTL Enterprise is determined to keep sharing its profits with shareholders which we infer from its long history of eight years of paying a dividend. On the whole, we do feel that SUTL Enterprise has some positive attributes. The company has grown its earnings moderately as previously discussed. Still, the high ROE could have been even more beneficial to investors had the company been reinvesting more of its profits. As highlighted earlier, the current reinvestment rate appears to be quite low. So far, we've only made a quick discussion around the company's earnings growth. So it may be worth checking this free detailed graph of SUTL Enterprise's past earnings, as well as revenue and cash flows to get a deeper insight into the company's performance. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data

Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran
Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran

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Watch These Bitcoin Price Levels Amid Volatile Trading After U.S. Strikes Iran

Bitcoin briefly fell below $99,000 on Sunday to its lowest level in more than six weeks as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. After trending sharply higher between early April and late May, the cryptocurrency has consolidated within a descending channel. Investors should watch crucial support levels on Bitcoin's chart around $100,000 and $92,000, while also monitoring resistance levels near $107,000 and $112, (BTCUSD) briefly fell below $99,000 on Sunday as news that the U.S. had struck Iranian nuclear sites caused investors to reassess their appetite for risky assets. The digital currency moved as low as $98,200 on Sunday afternoon, its lowest level since May 8, amid uncertainty about the geopolitical and economic outlook after the U.S. late Saturday entered a conflict between Israel that had intensified over the past week. In recent trading, bitcoin had rebounded to about $101,200 but was still well down from its high last Monday of near $109,000. Below, we take a closer look at bitcoin's chart and apply technical analysis to identify crucial price levels worth watching out for. After trending sharply higher between early April and late May, bitcoin has consolidated within a descending channel. Over the past week, the cryptocurrency's price has retraced toward the pattern's lower trendline, an area on the chart that closely aligns with the psychological $100,000 level. Moreover, recent selling has coincided with the relative strength index falling below its neutral threshold, signaling weakening price momentum. Let's identify crucial support and resistance levels on Bitcoin's chart. Investors should initially monitor the $100,000 level. This area on the chart is likely to gain significant attention near the descending channel's lower trendline and a range of corresponding trading activity stretching back to last November. A decisive close below this level could see the cryptocurrency's price revisit lower support around $92,000. Investors may seek buying opportunities in this area near a horizontal line that links a series of price action on the chart between November and April. The first resistance level to watch sits around $107,000. The cryptocurrency could face overhead selling pressure in this location near the descending channel's top trendline, which also closely aligns with prominent peaks that formed on the chart in December and January. Finally, buying above this level could see BTC bulls push the price toward $112,000. Investors who have accumulated bitcoin during its recent retracement could decide to lock in profits near last month's high, which also marks the cryptocurrency's all-time high. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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