Osool & Bakheet Investment Co. issued Q2 2019 earnings forecasts for a number of Saudi-listed banks and companies.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 52 percent profit drop year-on-year (YoY) to SAR 3.2 billion in Q2 2019.

 

Al Rajhi Bank is forecast to report 10 percent profit growth to SAR 2.8 billion in Q2.

 

National Commercial Bank (NCB) will likely see its earnings up 5 percent YoY to SAR 2.7 billion in Q2.

 

As for telecoms, Saudi Telecom Co. (STC) is projected to generate SAR 2.6 billion in profit in the second quarter, up 6 percent YoY.

 

In the healthcare sector, Al Mouwasat Medical Services Co.’s net profit will likely edge up 2 percent YoY to SAR 90 million.

 

Elsewhere, Saudi Arabia Fertilizers Co.’s (SAFCO) earnings are seen up 1 percent to SAR 413 million, while Yanbu National Petrochemical Co. (Yansab) is estimated to make SAR 377 million in Q2, down 54 percent YoY.

 

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q1 2019 estimates

Y-o-Y variance

Banks

Riyad Bank

1,479.2

+39%

Aljaizra

260.0

+3%

Banque Saudi Fransi

1,025.2

+11%

SABB

1,235.3

(14%)

ANB

925.0

+1%

Samba

1,235.3

(12%)

Al Rajhi

2,828.7

+10%

Albilad

320.0

+16%

Alinma

750.0

+21%

NCB

2,700.2

+5%

Telecom

STC

2600.0

+6%

Food

Al Othaim

77.8

+5%

Healthcare

Mouwasat

90.0

+2%

Dallah

35.0

+87%

Care

25.0

+23%

Basic Materials

Petrochem

139.0

(52%)

SABIC

3,200.0

(52%)

SAFCO

413.0

+1%

Yansab

377.0

(54%)

Advanced

168.0

(34%)

Hail Cement

16.1

--

Najran Cement

3.3

--

City Cement

31.2

+216%

Umm Al Qura Cement

16.1

--

Arabian Cement

26.9

--

Yamama Cement

47.6

--

Saudi Cement

101.9

+75%

Qassim Cement

55.0

+199%

Southern Cement

87.2

+142%

Yanbu Cement

60.4

--

Eastern Cement

37.6

+109%

Other Sectors

eXtra

54.7

+20%

SACO

20.9

+3%

Jarir

167.6

+3%

SASCO

8.9

+21%

Herfy

47.7

+4%

Leejam

38.1

(4%)

SGS

120.0

+7%

Aldrees

18.9

+4%

 

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Quotes

STC
42.30
0.15 0.36%
ALRAJHI
93.80
1.10 1.19%
ALBILAD
38.00
0.50 1.33%
ANB
19.52
(0.08) (0.41%)
BJAZ
16.84
(0.02) (0.12%)
RIBL
26.40
0.10 0.38%
SAB
34.25
(0.20) (0.58%)
SAMBA
38.50
1.70 4.62%
BSF
32.40
0.50 1.57%
ACC
26.45
0.00 0.00%
EPCCO
33.85
1.10 3.36%
QACCO
54.00
0.50 0.93%
SAUDI CEMENT
41.20
0.30 0.73%
SPCC
34.05
0.40 1.19%
YC
32.15
0.85 2.72%
YCC
24.10
0.16 0.67%
SABIC
72.00
(0.30) (0.41%)
SABIC AGRI-NUTRIENTS
115.80
(0.60) (0.52%)
YANSAB
40.10
0.20 0.50%
JARIR
13.66
0.34 2.55%
SASCO
78.00
(0.60) (0.76%)
ALDREES
133.80
(1.60) (1.18%)
ALINMA
28.30
(0.10) (0.35%)
HCC
11.60
0.02 0.17%
A.OTHAIM MARKET
11.28
0.04 0.36%
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
36.05
0.15 0.42%
NAJRAN CEMENT
9.25
0.07 0.76%
CITY CEMENT
18.14
0.34 1.91%
HERFY FOODS
23.54
(0.40) (1.67%)
DALLAH HEALTH
154.60
(0.80) (0.51%)
MOUWASAT
93.70
(0.10) (0.11%)
EXTRA
102.20
0.20 0.20%
CARE
179.80
(4.80) (2.60%)
UACC
18.10
0.22 1.23%
SNB
32.95
0.30 0.92%
SGS
50.90
(0.30) (0.59%)
SACO
32.10
(0.10) (0.31%)
Leejam Sports
181.00
(5.60) (3.00%)
OSOOL AND BAKHEET
44.00
1.10 2.56%


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