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
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
TAWUNIYA
141.00
(0.80) (0.56%)
ALRAJHI
90.30
0.40 0.44%
SAB
32.20
0.30 0.94%
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
YC
33.15
(0.85) (2.50%)
ALMARAI
57.80
(0.20) (0.34%)
TASNEE
10.18
0.02 0.20%
SABIC
66.70
0.20 0.30%
SADAFCO
331.20
(4.40) (1.31%)
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
SIIG
16.98
0.12 0.71%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
SIPCHEM
24.02
(0.10) (0.41%)
MAADEN
49.10
(0.65) (1.31%)
BUPA ARABIA
202.00
(0.80) (0.39%)
A.OTHAIM MARKET
10.78
(0.06) (0.55%)
ADVANCED
32.15
(0.05) (0.16%)
CITY CEMENT
18.40
(0.06) (0.33%)
DALLAH HEALTH
151.60
(0.80) (0.52%)
MOUWASAT
84.30
(3.30) (3.77%)
SOLUTIONS
274.60
(1.00) (0.36%)
SNB
32.75
(0.25) (0.76%)
ALHAMMADI
38.40
(0.60) (1.54%)
SULAIMAN ALHABIB
286.60
(12.00) (4.02%)
Leejam Sports
188.00
1.80 0.97%
CENOMI CENTERS
21.46
(0.16) (0.74%)
ATAA
70.20
(1.50) (2.09%)
BINDAWOOD
6.57
(0.01) (0.15%)
MIS
161.20
(1.40) (0.86%)


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