Osool & Bakheet issues Q1 2020 earnings forecasts for Saudi banks, firms
Osool and Bakheet Investment Co. released Q1 2020 earnings forecasts for several Saudi banks and firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to post a 94% profit drop year-on-year (YoY) to SAR 217 million in Q1 2020.
Al Rajhi Bank’s earnings are seen down 8% YoY to SAR 2.4 billion in Q1 2020.
STC’s profits are forecast to grow 16% YoY to SAR 3.2 billion by the end of Q1 2020.
Below is a list of Osool and Bakheet’s estimates, as compiled by Argaam.
Q1 Net Profit Forecasts (SAR mln) |
|||
Company |
Q1 2020 (Expected) |
YoY Change |
Average estimates |
Banks |
|||
Riyad |
1200.0 |
(19%) |
|
Jazira |
238.0 |
+1% |
|
ANB |
650.0 |
(17%) |
|
Al Rajhi |
2400.0 |
(8%) |
|
Alinma |
586.0 |
(8%) |
|
Basic Materials |
|||
SABIC |
217.0 |
(94%) |
|
SAFCO |
330.0 |
(2%) |
|
Yansab |
76.0 |
(81%) |
|
Hail Cement |
47.4 |
+110% |
|
Najran Cement |
44.2 |
+ 629% |
|
City Cement |
60.0 |
+45% |
|
Umm Al-Qura Cement |
33.5 |
+56% |
|
Arabian Cement |
72.4 |
+95% |
|
Yamama Cement |
104.5 |
+48% |
|
Qassim Cement |
172.7 |
+30% |
|
Southern Cement |
122.1 |
+118% |
|
Yanbu Cement |
184.8 |
+54% |
|
Tabuk Cement |
90.6 |
+25% |
|
Eastern Cement |
13.0 |
+258% |
|
Arabian Pipes |
67.6 |
+47% |
|
Zahrat Al Waha |
2.7 |
(67%) |
|
Healthcare |
|||
Mouwasat |
111.3 |
+4% |
|
Al Hammadi |
24.4 |
+1% |
|
Care |
21.3 |
(29%) |
|
Telecom |
|||
STC |
3200.0 |
+16% |
|
Mobily |
95.0 |
+41% |
|
Zain |
130.0 |
+1% |
|
Others |
|||
SACO |
9.8 |
(49%) |
|
Jarir |
209.5 |
(10%) |
|
eXtra |
42.4 |
+25% |
|
SGS |
42.3 |
(59%) |
|
Catering |
71.6 |
(31%) |
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