Analysts have been waiting for Mohammad Al-Mojil to turn around, but with over-budget contracts and widening losses, this company is expected to run a rocky course for a while longer.
The dearth of analysts who cover Al-Mojil, a Saudi Arabian construction services provider, gives some indication of how prized, or disliked, this stock currently is.
Haissam Arabi, the chief executive at Gulfmena Investments in Dubai, said his company looked at the stock but found nothing inviting about it. "We just weren't sure it qualified as a turnaround story," Mr Arabi said. "It's not a stock a lot of people are playing with."This week, the company was fined 50,000 Saudi riyals for the late disclosure of its results for last year.
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