Riyad Capital issues Q3 2020 earnings forecast for Saudi banks, firms
Riyad Capital published its Q3 2020 earnings forecast for several Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to post a 63% profit drop year-on-year (YoY) to SAR 246 million in Q3 2020.
In the banking sector, Al Rajhi Bank is likely to post a 9% profit increase to SAR 3.09 billion.
Below is a list of Riyad Capital’s estimates, as compiled by Argaam.
Riyad Capital’s Q3 Profit Forecasts (SAR mln) |
||
Company |
Q3 2020 estimates |
YoY Variation |
Banks |
||
BSF |
455 |
(48%) |
SABB |
614 |
(42%) |
ANB |
518 |
(38%) |
Samba |
1,006 |
(18%) |
Al Rajhi |
3,089 |
+ 9 % |
Albilad |
321 |
(2%) |
Alinma |
580 |
(19%) |
NCB |
2,174 |
(14%) |
Petrochemicals |
||
Petrochem |
(12) |
-- |
SABIC |
246 |
(63%) |
SAFCO |
367 |
(11%) |
Tasnee |
7 |
(83%) |
Yansab |
109 |
(49%) |
Sipchem |
7 |
(94%) |
Saudi Kayan |
(111) |
-- |
Telecom |
||
STC |
2,706 |
(1%) |
Mobily |
216 |
+323% |
Zain Saudi |
71 |
(41%) |
Cement |
||
Yamama Cement |
91 |
+66% |
Saudi Cement |
119 |
+43% |
Qassim Cement |
147 |
+ 63 % |
Southern Cement |
171 |
+89% |
Yanbu Cement |
81 |
+31% |
Other |
||
Jarir |
304 |
-- |
SEC |
1,975 |
(26%) |
HMG |
252 |
+ 27 % |
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