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See exactly how QAT's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.
The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for QAT and 80,000+ other tickers.
The iShares MSCI Qatar ETF is designed to mirror the investment performance of an index that holds shares of companies based in Qatar.
JPMorgan Chase and Co. lowered its stake in iShares MSCI Qatar ETF (NASDAQ: QAT) by 56.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 94,081 shares of the company's stock after selling 122,225 shares during the quarter. JPMorgan Chase and Co.
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The iShares MSCI Qatar ETF hasn't really made any progress over the past year, but we think this could change as the macroeconomic conditions improve. GDP growth, which likely grew at 1.5-2% last year, will expand by 2.6-2.7% this year, with a tremendous spurt in the following year (5.5%) as higher LNG capacity comes online. Qatar could control a quarter of the global LNG market by the end of this decade, while structural reforms have been put in place to generate average GDP growth of4%.
Qatar, like the rest of the Gulf, tends to track the O&G cycle, so the recent downcycle doesn't bode well for its prospects. The financials-heavy iShares MSCI Qatar ETF portfolio faces additional headwinds from the government's de-levering efforts. The QAT valuation and yield may look appealing on a trailing basis but heading into a period of potential negative revisions, I would remain sidelined.
World Cup Hosting Lifts Qatar's Real GDP Growth To 8.0% YOY In Q4; Slower Growth Ahead