Al Rajhi Capital issues Q4 2023 earnings forecasts

Al Rajhi Capital issued Q4 2023 earnings forecasts for a number of companies under its coverage.

 

The brokerage expected Saudi Basic Industries Corp. (SABIC) to report a profit decline to SAR 704 million in Q4 2023, compared to a year earlier period.

 

Q4 2023 earnings forecasts (SAR mln)

Company

Q4 2023 (expected)

Change YoY

 

Petrochemicals

 

SABIC****

704

(25%)

SIPCHEM

229

(52%)

SABIC AN

852

(61%)

Yansab

3

--

Advanced

10

--

 

Cement

 

Arabian Cement

18

(49%)

Yamama Cement

80

(40%)

Saudi Cement

101

(35%)

Qassim Cement

60

+13%

Yanbu Cement

3

(95%)

Southern Cement

58

(7%)

Najran Cement

13

(74%)

 

Telecoms

 

stc

2692

(2%)

Mobily

608

+0.4%

Zain KSA

156

(38%)

 

Food & Agriculture

 

Almarai

373

+5%

SADAFCO*

122

+55%

Savola

107

+13%

NADEC

76

+203%

Tanmiah

23

(81%)

 

Retail

 

Jarir

258

(4%)

Cenomi Retail

(61)

--

Al Othaim

170

(1%)

BinDawood Holding

85

+44%

 

Healthcare

 

Dallah Healthcare

89

+13%

Mouwasat

181

+1%

Care

63

+14%

Al Hammadi

78

+7%

Sulaiman Al Habib

513

+16%

Saudi German Health

58

+75%

 

Pharmaceuticals

 

SPIMACO

(20)

--

Jamjoom Pharma

40

+26%

Astra

86

--

 

Insurance

 

Bupa Arabia**

301

+57%

Tawuniya**

182

+165%

GIG**

21

+204%

Malath

11

+156%

Walaa

10

--

Saudi Re

20

+817%

 

Other Sectors

 

Bawan

40

+34%

Saudi Ceramics

7

(83%)

Leejam

124

+16%

Equipment House

14

--

Aldrees

71

(1%)

Arabian Drilling

176

+29%

ADES Holding

142

(35%)

Luberef

322

(58%)

solutions

201

+2%

MIS

22

(55%)

2P

48

+3%

TAM***

31

+22%

Alkhorayef

47

+70%

SISCO

19

+3%

SAL

126

+11%

Jahez***

76

+11%

Lumi

61

+48%

Al Arabia

100

+23%

Tadawul

108

+89%

Riyadh Cables

142

+34%
*Different fiscal year

**Insurance figures not amended in line with IFRS 17

***Nomu

****Excluding one-offs

Al Rajhi Capital - Q4 2023 earnings forecasts 08/01/2024

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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%
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%)
MALATH INSURANCE
15.40
0.26 1.72%
ADVANCED
32.15
(0.05) (0.16%)
WALAA
18.20
0.00 0.00%
NAJRAN CEMENT
9.03
(0.04) (0.44%)
ZAIN KSA
10.20
(0.02) (0.20%)
ASTRA INDUSTRIAL
187.00
2.60 1.41%
SAUDI RE
45.25
(0.85) (1.84%)
DALLAH HEALTH
151.60
(0.80) (0.52%)
GIG
29.65
(0.15) (0.50%)
MOUWASAT
84.30
(3.30) (3.77%)
BAWAN
57.00
0.00 0.00%
CARE
167.60
2.40 1.45%
SOLUTIONS
274.60
(1.00) (0.36%)
LUMI
71.50
(1.20) (1.65%)
ALHAMMADI
38.40
(0.60) (1.54%)
TADAWUL GROUP
217.00
(2.00) (0.91%)
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%
SICO SAUDI REIT
3.96
(0.02) (0.50%)
BINDAWOOD
6.57
(0.01) (0.15%)
MIS
161.20
(1.40) (0.86%)
SAL
253.40
(1.00) (0.39%)
JAHEZ
29.70
0.50 1.71%
TANMIAH
122.60
0.40 0.33%
EQUIPMENT HOUSE
49.65
(0.65) (1.29%)
ADES
17.28
(0.14) (0.80%)
2P
13.70
(0.18) (1.30%)
JAMJOOM PHARMA
157.00
0.80 0.51%
TAM DEVELOPMENT
188.00
6.00 3.30%


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