Al Rajhi Capital issues Q3 earnings estimates

Al Rajhi Capital issued Q3 2023 earnings estimates for several Saudi-listed companies under its coverage.

 

The brokerage expects Saudi Basic Industries Corp. (SABIC) Q3 profit to drop 72% year-on-year (YoY) to SAR 522 million.

 

Telecom major stc’s profit is likely to rise 14% YoY to SAR 4.03 billion.

 

Al Rajhi Capital’s Q3 2023 Forecasts (SAR mln)

Company

Q3 2023

 Estimates

(SAR mln)

Change

(YoY)

Petrochemicals

SABIC

522

(72%)

Sipchem

433

(44%)

SABIC Agri-Nutrients

705

(70%)

Yansab

(97)

--

Advanced

52

+93%

Cement

Arabian Cement

25

(58%)

Yamama Cement

48

(53%)

Saudi Cement

46

(43%)

Qassim Cement

36

+54%

Yanbu Cement

48

(31%)

Southern Cement

40

(55%)

Najran Cement

14

(50%)

Telecommunications

stc

4030

+14%

Mobily

499

+34%

Zain KSA

96

+13%

Food & Agriculture

Almarai

621

+34%

SADAFCO*

124

+45%

Savola

199

+22%

NADEC

69

+149%

Tanmiah

16

(50%)

Retail

Jarir

282

+3%

Cenomi Retail

14

(37%)

Al Othaim

50

(93%)

eXtra

98

+4%

BinDawood Holding

60

--

Healthcare

Dallah

52

+19%

Mouwasat

154

+26%

Care

50

+17%

Al Hammadi

84

+47%

Sulaiman Al Habib

470

+12%

Saudi German Health

36

+224%

Pharmaceuticals

SPIMACO

(8)

--

Jamjoom Pharma

71

+56%

Astra Industrial

109

+54%

Insurance

Tawuniya**

210

+82%

GIG**

34

+29%

Bupa Arabia**

327

+2%

Other Sectors

Bawan

30

(21%)

Saudi Ceramics

3

(93%)

Leejam Sports

65

(4%)

Equipment House

6

(32%)

Aldrees

72

+17%

Arabian Drilling

157

(26%)

Luberef

251

(47%)

MIS

53

+111%

solutions

345

+15%

2P

35

+8%

Alkhorayef Water

38

+35%

SISCO

21

+46%

Al Arabia

87

+32%

Riyadh Cables

118

+27%
*Different fiscal year

**Insurance figures have not been adjusted as per IFRS 17

Al Rajhi Capital - Q3 estimates for Saudi companies (05/10/2023)

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Quotes

STC
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
TAWUNIYA
141.00
(0.80) (0.56%)
NADEC
25.80
0.25 0.98%
ACC
26.50
(0.10) (0.38%)
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
SPCC
33.60
(0.05) (0.15%)
YC
33.15
(0.85) (2.50%)
YCC
23.54
(0.22) (0.93%)
ALMARAI
57.80
(0.20) (0.34%)
SAUDI CERAMICS
34.40
0.10 0.29%
SPIMACO
31.70
0.25 0.79%
SABIC
66.70
0.20 0.30%
SADAFCO
331.20
(4.40) (1.31%)
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
SAVOLA GROUP
37.70
0.75 2.03%
SISCO HOLDING
32.35
0.05 0.15%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
ALDREES
125.00
(0.60) (0.48%)
SIPCHEM
24.02
(0.10) (0.41%)
BUPA ARABIA
202.00
(0.80) (0.39%)
A.OTHAIM MARKET
10.78
(0.06) (0.55%)
CENOMI RETAIL
12.04
(0.14) (1.15%)
ADVANCED
32.15
(0.05) (0.16%)
NAJRAN CEMENT
9.03
(0.04) (0.44%)
ZAIN KSA
10.20
(0.02) (0.20%)
ASTRA INDUSTRIAL
187.00
2.60 1.41%
DALLAH HEALTH
151.60
(0.80) (0.52%)
GIG
29.65
(0.15) (0.50%)
MOUWASAT
84.30
(3.30) (3.77%)
EXTRA
98.70
0.70 0.71%
BAWAN
57.00
0.00 0.00%
CARE
167.60
2.40 1.45%
SOLUTIONS
274.60
(1.00) (0.36%)
ALHAMMADI
38.40
(0.60) (1.54%)
ALARABIA
160.60
4.20 2.69%
RIYADH CABLES
136.80
(9.20) (6.30%)
SULAIMAN ALHABIB
286.60
(12.00) (4.02%)
ARABIAN DRILLING
111.00
(1.80) (1.60%)
SAUDI GERMAN HEALTH
70.10
(0.50) (0.71%)
Leejam Sports
188.00
1.80 0.97%
LUBEREF
110.80
0.00 0.00%
BINDAWOOD
6.57
(0.01) (0.15%)
MIS
161.20
(1.40) (0.86%)
AWPT
146.00
0.20 0.14%
TANMIAH
122.60
0.40 0.33%
EQUIPMENT HOUSE
49.65
(0.65) (1.29%)
2P
13.70
(0.18) (1.30%)
JAMJOOM PHARMA
157.00
0.80 0.51%


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