SICO Investment Bank has released its fourth-quarter net profit forecasts for 38 Saudi-listed firms under its coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to report a 17 percent year-on-year (YoY) jump in Q4 net profit to SAR 5.34 billion.

 

Yanbu National Petrochemical Co. (Yansab), which is 51 percent owned by SABIC, is likely to record 5 percent YoY profit growth in the same period.

 

Al Rajhi Bank’s profit is expected to rise 10 percent YoY to SAR. 2.25 billion.

 

The National Commercial Bank (NCB), however, is forecast to see its net earnings 5 percent lower YoY.

 

State-owned Saudi Telecom Co. (STC) is projected to post a 4 percent YoY increase in the fourth-quarter net profit to SAR 2.23 billion.

 

Arabian Cement and Yamama Cement are likely to outperform peers under coverage, with profit growth at 50 percent and 4 percent YoY, respectively.

 

Elsewhere, Al Hammadi Company for Development and Investment’s net profit is expected to surge 180 percent YoY.

 

Saudi German Hospital’s net earnings are seen to drop 27 percent YoY.

 

SICO Bank Profit Forecasts  (SAR mln)

Company

Q4 2017 Estimates

YoY Variation

Banks

Al Rajhi Bank

2247

+10%

Alinma Bank

540

+38%

ANB

646

+14%

BSF

960

+157%

NCB

2162

(5%)

Riyad Bank

856

+192%

Samba

1246

+14%

SABB

987

+63%

Petrochemicals Sector

SABIC

5339.0

+17%

Tasnee

170.5

+38%

Yansab

633.6

+5%

Sipchem

153.8

+194%

Advanced

149.0

(29%)

Alujain

19.9

(44%)

SAFCO

312.0

+10%

Saudi Kayan

(90.4)

--

SIIG

236.3

--

Petrochem

204.3

--

Telecommunications

STC

2229

+4%

Mobily

(182)

--

Cement Sector

Yanbu Cement

45

(55%)

Yamama Cement

45

+4%

Arabian Cement

36

+50%

Saudi Cement

127

(32%)

Southern Province Cement

70

(55%)

Qassim Cement

60

(32%)

Industrial Sector

Maaden

374

--

Al Yamamah Steel*

27

(23%)

Energy Sector

SEC

(878)

--

Transport Sector

SGS

127

+26%

Healthcare Sector

Care

28

--

Mouwasat

87

+20%

Dallah Healthcare

82

+58%

Al Hammadi

30

+180%

Saudi German

64

(27%)

Other Sectors

Almarai

549

+12%

Jarir

222

+3%

Herfy

49

(12%)

*Q1 2017 ending Dec. 2017.                                                                                         

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Quotes

STC
42.30
0.15 0.36%
ETIHAD ETISALAT
52.30
0.20 0.38%
SAUDI ELECTRICITY
16.84
(0.20) (1.17%)
ALRAJHI
93.80
1.10 1.19%
ANB
19.52
(0.08) (0.41%)
RIBL
26.40
0.10 0.38%
SAB
34.25
(0.20) (0.58%)
SAMBA
38.50
1.70 4.62%
BSF
32.40
0.50 1.57%
ACC
26.45
0.00 0.00%
QACCO
54.00
0.50 0.93%
SAUDI CEMENT
41.20
0.30 0.73%
SPCC
34.05
0.40 1.19%
YC
32.15
0.85 2.72%
YCC
24.10
0.16 0.67%
ALMARAI
55.20
(0.90) (1.60%)
ALUJAIN
40.00
0.10 0.25%
TASNEE
10.92
0.00 0.00%
SABIC
72.00
(0.30) (0.41%)
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%
SAUDI KAYAN
7.75
(0.02) (0.26%)
ALINMA
28.30
(0.10) (0.35%)
MAADEN
52.10
(1.80) (3.34%)
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
36.05
0.15 0.42%
HERFY FOODS
23.54
(0.40) (1.67%)
DALLAH HEALTH
154.60
(0.80) (0.51%)
MOUWASAT
93.70
(0.10) (0.11%)
CARE
179.80
(4.80) (2.60%)
SNB
32.95
0.30 0.92%
ALHAMMADI
40.00
(0.40) (0.99%)
SAUDI GERMAN HEALTH
70.70
(1.30) (1.81%)
ALYAMAMAH STEEL
33.10
(0.05) (0.15%)


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