Aljazira Cap issues Q1 2020 earnings forecast for Saudi banks, firms
Aljazira Capital published its Q1 2020 earnings estimates for several Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 2020 is expected to fall 91% year-on-year (YoY) to SAR 302.1 million, while Al Rajhi Bank’s earnings are projected to decline 9% to SAR 2.62 billion.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
Aljazira Capital Profit Estimates (SAR mln) |
|||
Company |
Q1 2020 estimates |
YoY Change |
Average analyst estimates |
Banking Sector |
|||
Al Rajhi Bank |
2621.9 |
(9%) |
|
Alinma Bank |
584.6 |
(18%) |
|
Bank Albilad |
264.1 |
(17%) |
|
Telecommunication Sector |
|||
STC |
2711.7 |
(1%) |
|
Mobily |
63.0 |
(6%) |
|
Zain |
93.2 |
(28%) |
|
Materials Sector |
|||
SABIC |
302.1 |
(91%) |
|
Tasnee |
39.9 |
(75%) |
|
Yansab |
151.3 |
(61%) |
|
SAFCO |
324.1 |
(3%) |
|
Sipchem |
75.9 |
(34%) |
|
Kayan |
(342.9) |
-- |
|
Petrochem |
78.0 |
(58%) |
|
Maaden |
(140.1) |
-- |
|
Yamama Cement |
90.5 |
+28% |
|
Saudi Cement |
148.6 |
+12% |
|
Southern Cement |
164.7 |
+37% |
|
Qassim Cement |
98.2 |
+75% |
|
Arabian Cement |
53.7 |
+45% |
|
Yanbu Cement |
100.6 |
+39% |
|
City Cement |
53.2 |
+28% |
|
Eastern Province Cement |
73.1 |
+59% |
|
Healthcare Sector |
|||
Al Hammadi |
23.7 |
(2%) |
|
Mouwasat |
115.4 |
+8% |
|
Care |
27.7 |
(8%) |
|
Dallah |
36.1 |
+3% |
|
Saudi German Hospital |
6.4 |
(56%) |
|
Retailing Sector |
|||
Jarir |
182.0 |
(22%) |
|
Fawaz Al Hokair* |
(157.9) |
-- |
|
SACO |
10.7 |
(44%) |
|
Consumer Services Sector |
|||
Seera Holding** |
1314.2 |
-- |
|
Other Sectors |
|||
Budget |
34.9 |
(16%) |
|
Catering |
79.0 |
(24%) |
|
SGS |
82.6 |
(21%) |
|
Al Othaim |
95.2 |
+39% |
*The fiscal year ends March 2020.
**Q1 2020 includes non-recurring sales revenues regarding Careem transaction valued SAR 1.33 billion.
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