Aljazira Capital issues Q1 earnings forecast for Saudi firms, banks
Aljazira Capital has published its Q1 estimates for several Saudi companies and banks under its coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 is expected to reach SAR 5.66 billion, up 8 percent year-on-year (YoY). Blue chip Al Rajhi Bank’s earnings are expected to rise 12 percent YoY to SAR 2.48 billion.
Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.5 billion in Q1, a 1 percent YoY drop.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
Q1 Net Profit Forecasts (SAR mln) |
|||
Company |
Q1 2018E |
YoY Change |
Average estimates |
Banks |
|||
Al Rajhi |
2,480.7 |
+12% |
|
Alinma |
521.7 |
+24% |
|
Albilad |
238.3 |
+4% |
|
Petrochemicals |
|||
SABIC |
5,655.7 |
+8% |
|
Yansab |
723.8 |
+19% |
|
Safco |
392.9 |
(7%) |
|
Sipchem |
182.6 |
+99% |
|
Advanced |
123.3 |
(1%) |
|
Tasnee |
285.5 |
+176% |
|
Kayan |
394.4 |
+49% |
|
Sahara |
137.0 |
+43% |
|
Petrochem |
288.7 |
+72% |
|
Telecom |
|||
STC |
2,511.4 |
(1%) |
|
Mobily |
(198.2) |
-- |
|
Zain |
(12.5) |
-- |
|
Retail |
|||
Jarir |
228.4 |
+3% |
|
*Fawaz Alhokair |
49.2 |
(38%) |
|
SACO |
30.3 |
(1%) |
|
Basic Materials |
|||
Yamama Cement |
31.1 |
(39%) |
|
Saudi Cement |
128.1 |
(22%) |
|
Southern Cement |
90.4 |
(14%) |
|
Qassim Cement |
53.6 |
(33%) |
|
Arabian Cement |
93.5 |
(7%) |
|
Yanbu Cement |
90.4 |
(27%) |
|
City Cement |
24.5 |
(35%) |
|
Eastern Cement |
19.2 |
(62%) |
|
Healthcare |
|||
Al Hammadi |
27.6 |
(1%) |
|
Mouwasat |
102.5 |
+20% |
|
Care |
29.8 |
+92% |
|
Dallah |
78.6 |
(8%) |
|
Saudi German |
86.0 |
(18%) |
|
Others |
|||
Maaden |
352.4 |
+29% |
|
Al Tayyar |
96.8 |
(29%) |
|
Al Hokair Group |
(11.5) |
-- |
|
Almarai |
307.7 |
(6%) |
|
Budget |
42.0 |
(1%) |
|
Catering |
109.5 |
(10%) |
|
Al Othaim |
80.6 |
+34% |
|
Bahri |
118.2 |
(69%) |
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