An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.
In plain words · Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) develops, constructs, owns, and operates power and water plants in Kuwait.
VERDICT
The label
Accumulation
read at $143.00
Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) holds its Accumulation at $143.00.
PHPhase · the trend structure carries the Accumulation label
INInsiders · no filings inside 60 days, left as found
POPositioning · no disclosures inside 60 days, left as found
OPOptions · no verdict drawn today, left as found
SCScreen · does not pass the values gate
edge confirmed
edge broken
edge forming
Each arm is one independent read. Conviction is not a single call, it is how many edges converge.
INVESTOR
The investor read · the season, not the day
As held on the ledger · 2025-12-31
Phase
Accumulation
Quantitative state
The statistical read favours the buyers, held for 8 days
Price
$143.00
Valuation
14.30 trailing · N/A forward price to earnings
Values screen
FAIL
Beta
0.15
OPPORTUNITY
The opportunity · what the numbers say it is worth
Read at
$143.00
14.30 P/E · N/A fwd
Our fair value
$0.49
28734% premium
Price history & projections · where it has been, where the models see it going
The valuation journey · where the price sits against fair value and the Street
Current
$143.00
you are here
Our fair value
$0.49
-100%
Green marks levels above today's price, red below; the shaded band is the gap between the price and our fair value.
Revenue growth
7.30%
Profit margin
30.39%
Debt to equity
196.22
Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.
SCREEN
The values screen, explained · five checks, plain English
This company is excluded by both standards. There are two widely recognised ways to check whether a company is suitable for a Muslim investor. It fails on both:
The common standard· AAOIFI Used by most halal investing apps✗ DOES NOT PASS
Our stricter standard· asset-based The one Titan applies✗ DOES NOT PASS
Why it fails. The problem is its debt ratio. Because both standards agree on this, it is a clear exclusion, not a borderline case.
Business activityIts core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending.Pass
Debt loadInterest-bearing debt is 63.7% of its assets, above the one-third ceiling the screen allows.Fail
Interest-bearing cashCash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit.Pass
ReceivablesMoney owed to the company is 4.3% of assets, under the 49% limit.Pass
Revenue purity6.3% of revenue comes from non-compliant sources, over the 5% line.Fail
Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.
PLAIN
The business, in plain words · what the numbers mean
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market; its business and earnings are exposed to Kuwait and to currency swings; it carries a real debt load, which raises the stakes if revenue slips.
Plain-English interpretation of our own screen data. Analysis, not advice.
PEERS
Related securities · others in AZNOULA.KW's space worth a look
Screened names in the same industry · explore each on its own page.
TRADER
The trader read · the latest dated commentary
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.4% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 3%. Our forward projection puts the odds of a 10% gain over the next month near 6%. Entered 2026-07-22 · Markdown
JOURNAL
The dated journal · newest first, never edited
2026-07-22Markdown$143.00+1.4%Entry 4
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved up 1.4% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 3%. Our forward projection puts the odds of a 10% gain over the next month near 6%.
2026-07-18Markdown$141.00+0.0%Entry 3
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D, carrying a low risk profile. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 3%. Our forward projection puts the odds of a 10% gain over the next month near 6%.
2026-07-03Markdown$141.00+0.0%Entry 2
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns.
2026-07-02Markdown$141.00Entry 1
The framework reads markdown. Price is trending lower. Sellers are in control and the prior trend has reversed. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.
RETURNS
What holding actually paid · price plus dividends
If $1,000 had been placed · historical, not a promise
Period
Price then
Price return
Divs per share
$1,000 became
Total return
1 month
$148.00
-4.7%
·
$953
-4.7%
2 months
$139.00
+1.4%
·
$1,014
+1.4%
3 months
$146.00
-3.4%
·
$966
-3.4%
6 months
$154.00
-8.4%
·
$916
-8.4%
1 year
$146.00
-3.4%
$5.00
$1,000
+0.0%
2 years
$159.99
-11.9%
$11.00
$950
-5.0%
3 years
$180.98
-22.1%
$16.00
$868
-13.2%
5 years
$238.94
-41.0%
$47.00
$787
-21.3%
Historical returns from market close data. Past performance does not guarantee future results.
SEALED
This entry now belongs to the ledger. Whatever AZNOULA.KW does next, these words stay.
Shamal Az-Zour Al-Oula Power and Water Company KSC (Public) · AZNOULA.KW · Accumulation · $143.00
Recorded 2025-12-31 · before the outcome · scored mechanically