Ubhar Capital issues Q2 2024 earnings estimates

Ubhar Capital issued Q2 2024 earnings estimates for a number of Saudi banks and companies under coverage.

 

The brokerage expects Al Rajhi Bank to post a 7% rise YoY in its Q2 net profit to SAR 4.45 billion and Saudi Basic Industries Corp. (SABIC) to generate SAR 285 million in net profit during the three-month period.

 

Ubhar Capital's Q2 2024 Earnings Forecasts (SAR mln)

Company

Q2 2024

Change YoY

Banking

SNB

5,090.0

+1%

Al Rajhi Bank

4,448.8

+7%

SAB

1,906.0

+23%

Basic Materials​

SABIC

285.0

(76%)

Sipchem

177.5

(43%)

Tasnee

3.8

(88%)

Advanced

36.2

(40%)

Yansab

88.8

+224%

SIIG

35.9

(70%)

SABIC Agri-Nutrients

796.6

+22%

Maaden

843.3

+140%

Cement

Yamama Cement

102.8

+5%

Saudi Cement

107.3

+26%

City Cement

39.7

+63%

Qassim Cement

69.8

+83%

Telecommunications

Stc

3,499.7

+16%

Mobily

656.7

+32%

Insurance

Bupa Arabia

397.7

+7%

Tawuniya

305.6

+24%

Healthcare

Sulaiman Al Habib

519.3

+7%

Mouwasat

167.2

+11%

Dallah Healthcare

75.9

+43%

Al Hammadi

123.1

+50%

IT

solutions

434.7

+28%

MIS

23.3

(53%)

Food and Staples Retailing

Jarir

146.0

(6%)

SADAFCO

114.5

+5%

Almarai

641.2

+15%

BinDawood Holding

65.8

(5%)

Al Othaim

62.5

(55%)

Cenomi Centers

387.9

+15%

Leejam Sports

79.8

+10%

Other Sectors

Ataa Educational*

26.6

+1%
*Different fiscal year
Ubhar Capital - Q2 earnings forecasts 04/07/2024

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Quotes

STC
42.30
0.15 0.36%
ETIHAD ETISALAT
52.30
0.20 0.38%
TAWUNIYA
132.80
(1.80) (1.34%)
ALRAJHI
93.80
1.10 1.19%
SAB
34.25
(0.20) (0.58%)
QACCO
54.00
0.50 0.93%
SAUDI CEMENT
41.20
0.30 0.73%
YC
32.15
0.85 2.72%
ALMARAI
55.20
(0.90) (1.60%)
TASNEE
10.92
0.00 0.00%
SABIC
72.00
(0.30) (0.41%)
SADAFCO
353.60
1.60 0.45%
SABIC AGRI-NUTRIENTS
115.80
(0.60) (0.52%)
SIIG
17.98
0.00 0.00%
YANSAB
40.10
0.20 0.50%
JARIR
13.66
0.34 2.55%
SIPCHEM
26.45
0.10 0.38%
MAADEN
52.10
(1.80) (3.34%)
BUPA ARABIA
193.00
3.40 1.79%
A.OTHAIM MARKET
11.28
0.04 0.36%
ADVANCED
36.05
0.15 0.42%
CITY CEMENT
18.14
0.34 1.91%
DALLAH HEALTH
154.60
(0.80) (0.51%)
MOUWASAT
93.70
(0.10) (0.11%)
SOLUTIONS
259.40
(3.20) (1.22%)
SNB
32.95
0.30 0.92%
ALHAMMADI
40.00
(0.40) (0.99%)
SULAIMAN ALHABIB
282.00
(1.40) (0.49%)
Leejam Sports
181.00
(5.60) (3.00%)
CENOMI CENTERS
20.78
(0.46) (2.17%)
ATAA
76.30
1.90 2.55%
BINDAWOOD
6.96
(0.05) (0.71%)
MIS
192.00
(2.40) (1.23%)


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