Riyad Capital has published its forecasts for the Q3 2019 profits of banks and companies under its coverage, including Saudi Basic Industries Corp (SABIC) and Al Rajhi Bank.

 

The brokerage firm said in a research note that it forecasts SABIC’s Q3 profit to decline 64 percent to SAR 2.2 billion compared to the same period in 2018. 

 

It also expects Al Rajhi Bank’s Q3 2019 profits to increase 4 percent to SAR 2.7 billion.

 

The table below highlights the brokerage firm forecasts for Q3 2019:

 

Riyad Capital’s Q3 Net Profit Forecasts (SAR mln)

Company

Q3 2019E

Variation

Banks

BSF

798

(16%)

SABB

478

(55%)

ANB

898

+ 23%

Samba

902

(28%)

Al Rajhi

2,675

+ 6%

Albilad

311

+ 31%

Alinma

703

+10%

Petrochemical

Petrochem

149

(51%)

SABIC

2,196

(64%)

SAFCO

440

(16%)

Tasnee

(12)

--

Yansab

279

(62%)

Sipchem

205

+14%

Saudi Kayan

(223)

--

Telecom

STC

3,042

+12%

Mobily

69

--

Zain

156

+225%

Cement

Yamama Cement

65

--

Saudi Cement

109

+45%

Qassim Cement

76

--

Southern Cement

104

--

Yanbu Cement

45

+241%

Retail

Jarir

313

+9%
Riyad Capital's - Q3 2019 forecast for banks and firms

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
ANB
19.50
(0.10) (0.51%)
SAB
31.50
(0.20) (0.63%)
SAMBA
38.50
1.70 4.62%
BSF
31.20
0.00 0.00%
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
SPCC
33.15
(0.35) (1.04%)
YC
31.30
(0.35) (1.11%)
YCC
23.36
(0.24) (1.02%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
Petrochem
45.45
(0.60) (1.30%)
ZAIN KSA
10.34
(0.06) (0.58%)


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