NCBC issues Q4 2019 earnings forecast for 44 listed firms
NCB Capital (NCBC) released Q4 2019 earnings forecast for 44 Saudi-listed firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to post a 38% profit drop year-on-year (YoY) to SAR 1.99 billion in Q4 2019.
National Industrialization Co.’s (Tasnee) earnings are seen down 75% to SAR 46 million, while Saudi Industrial Investment Group (SIIG) is estimated to make SAR 120 million in Q4, more than four-folds compared to the same period last year.
In the banking sector, Al Rajhi Bank is seen to post a 3% profit rise in Q4 to SAR 2.85 billion while Samba Financial Group is expected to post a 29% decline in earnings to SAR 1.004 billion.
Yamama Cement Co. is expected to report an eight-fold increase in the fourth quarter net profit to SAR 66 million, while Saudi Cement’s earnings are forecast to drop 22% to SAR 97 million in Q4.
In the telecom sector, Saudi Telecom Co.'s (STC) profit is expected to drop 13% YoY to SAR 2.76 billion.
Elsewhere, Almarai Co. is likely to post 9% profit hike YoY in the same quarter.
Savola Group will see a net income of SAR 121 million in Q4.
Saudi Electricity Co. (SEC) is expected to realize a net loss of SAR 2.97 billion for the period.
NCBC Q4 2019 profit estimates (SAR mln) |
||
Company |
Q4 2019 estimates |
YoY Variation |
Petrochemicals |
||
SABIC |
1,997 |
(38%) |
SIIG |
120 |
+367% |
YANSAB |
220 |
(6%) |
Advanced |
169 |
+3% |
Tasnee |
46 |
(75%) |
Sipchem |
132 |
-- |
SAFCO |
329 |
(42%) |
Saudi Kayan |
(96) |
-- |
Petrochem |
157 |
(33%) |
Telecom |
||
STC |
2,706 |
(13%) |
Mobily |
71 |
(12%) |
Zain Saudi |
138 |
(65%) |
Food |
||
Savola |
121 |
-- |
Almarai |
403 |
+9% |
Healthcare |
||
Saudi German |
37 |
+21% |
Mouwasat |
87 |
+2% |
Al Hammadi |
22 |
+24% |
Tourism |
||
SGS |
103 |
+83% |
Catering |
95 |
+25% |
Seera |
65 |
+268% |
Retail |
||
Leejam |
68 |
+26% |
eXtra |
63 |
(0.1%) |
Alhokair* |
(26) |
-- |
Shaker |
(22) |
-- |
Jarir |
298 |
+3% |
Al Othaim |
134 |
+25% |
Cement |
||
Arabian Cement |
69 |
+323% |
Yamama Cement |
66 |
+850% |
Eastern Cement |
49 |
+92% |
Qassim Cement |
94 |
+138% |
Southern Cement |
130 |
+152% |
Saudi Cement |
97 |
(22%) |
Yanbu Cement |
75 |
+119% |
Real estate |
||
Dar Al-Arkan |
122 |
+275% |
Taiba |
37 |
-- |
Al-Akaria |
12 |
-- |
Banking |
||
Al Rajhi |
2,854 |
+3% |
Alinma |
759 |
+15% |
BSF |
819 |
+205% |
SAMBA |
1,004 |
(29%) |
Albilad |
332 |
+14% |
Aljazira |
280 |
+14% |
Other sectors |
||
SEC |
(2,967) |
-- |
SSP |
(5) |
-- |
*Q3
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