KASB Capital on Monday has issued its Q1 2017 earnings forecasts for Saudi-listed companies under its coverage, including Saudi Basic Industries Corp (SABIC), Al Rajhi Bank, and Saudi Telecom Co. (STC).

 

SABIC’s Q1 profit is expected to rise by 48 percent year-on-year (YoY) to SAR 5.04 billion, while banking heavyweight Al Rajhi is likely to see a profit of SAR 2.17 billion, up 7 percent YoY.

 

Elsewhere, cement firms are unlikely to see higher earnings this quarter since the building and construction sector is still suffering from tighter government spending amid weak oil prices.

 

KASB Capital’s Forecasts (SAR mln)

Company

Q1 2017 estimates

YoY Variation

Al Rajhi Bank

2,167.1

+7%

Alinma Bank

426.8

+9%

Bank Albilad

187.8

+8%

Aljazira Bank

189.2

(50%)

SABIC

5,041.0

+48%

Yansab

629.2

+57%

SAFCO

321.3

+12%

Advanced

193.6

+33%

STC

2,199.6

(7%)

Saudi Cement

187.4

(29%)

Yanbu Cement

115.0

(38%)

SPCC

157.8

(44%)

Yamama Cement

58.3

(61%)

Qassim Cement

95.4

(30%)

Arabian Cement

49.7

(78%)

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Quotes

STC
40.25
0.15 0.37%
ALRAJHI
90.30
0.40 0.44%
ALBILAD
36.85
0.45 1.24%
BJAZ
17.90
0.38 2.17%
ACC
26.50
(0.10) (0.38%)
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
YC
33.15
(0.85) (2.50%)
YCC
23.54
(0.22) (0.93%)
SABIC
66.70
0.20 0.30%
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
YANSAB
36.95
(0.35) (0.94%)
ALINMA
28.20
0.20 0.71%
SPPC
12.20
(0.06) (0.49%)
ADVANCED
32.15
(0.05) (0.16%)


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