Aljazira Capital has published its forecasts for Q3 2019 profits of key listed banks and companies under its coverage, including SABIC, Al Rajhi Bank, and Saudi Telecom Company (STC).

 

The brokerage firm said in a research note that it forecasts SABIC’s Q3 2019 profit to decline 61 percent to SAR 2.36 billion compared to the same period in 2018.

 

It also expects Al Rajhi Bank’s Q3 2019 profit to increase marginally to SAR 2.59 billion.

 

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

 

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

Company

Q3 2019E

Variation

Banks

Al Rajhi

2,591.2

+ 1%

Alinma

677.2

+ 4%

Albilad

330.5

+ 15%

Telecom

STC

2,859.1

+8%

Mobily

50.8

--

Zain

157.0

+227%

Basic Materials

SABIC

2,357.6

(61%)

Tasnee

56.2

(78%)

Yansab

328.6

(55%)

SAFCO

443.1

(15%)

SIPCHEM*

199.9

+11%

Kayan

3.7

--

Petrochem

153.4

(50%)

Ma’aden

(187.1)

--

Yamama Cement

59.2

--

Saudi Cement

105.4

+40%

Southern Cement

96.2

--

Qassim Cement

74.5

--

Arabian Cement

43.1

+199%

Yanbu Cement

53.5

+303%

City Cement

38.6

--

Eastern Cement

27.7

+212%

Healthcare

Al Hammadi

21.9

+3%

Mouwasat

84.8

+5%

Care

15.8

+38%

Dallah

23.7

(27%)

Saudi German

8.8

(56%)

Retail

Jarir

306.3

+6%

Alhokair**

(3.3)

--

SACO

26.2

+7%

Consumer services

Seera

61.3

--

Other

Budget Saudi

45.2

+5%

Catering

130.9

(8%)

SGS

98.8

+7%

Al Othaim

52.2

(4%)

*The company has acquired Sahara in May 2019

**Financial results of Q2 as FY ends ending March 31.

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Quotes

STC
42.45
0.15 0.35%
ETIHAD ETISALAT
51.80
0.10 0.19%
ALRAJHI
88.90
0.30 0.34%
ALBILAD
35.95
(0.60) (1.64%)
ACC
25.50
1.10 4.51%
EPCCO
31.80
(0.45) (1.40%)
QACCO
52.40
1.20 2.34%
SAUDI CEMENT
40.30
0.60 1.51%
SPCC
32.60
0.00 0.00%
YC
30.00
(0.25) (0.83%)
YCC
22.74
0.34 1.52%
TASNEE
10.72
0.04 0.37%
SABIC
72.50
0.00 0.00%
SABIC AGRI-NUTRIENTS
116.20
2.20 1.93%
YANSAB
39.65
(0.15) (0.38%)
JARIR
13.36
0.14 1.06%
SIPCHEM
26.35
0.20 0.76%
SAUDI KAYAN
7.74
0.00 0.00%
ALINMA
28.15
(0.10) (0.35%)
MAADEN
54.00
(0.90) (1.64%)
BUDGET SAUDI
85.80
0.50 0.59%
SEERA
23.02
(0.48) (2.04%)
A.OTHAIM MARKET
11.24
(0.22) (1.92%)
CENOMI RETAIL
12.56
(0.42) (3.24%)
Petrochem
45.45
(0.60) (1.30%)
CITY CEMENT
17.30
0.20 1.17%
ZAIN KSA
10.40
(0.08) (0.76%)
DALLAH HEALTH
156.00
(0.80) (0.51%)
MOUWASAT
94.30
(1.50) (1.57%)
CATRION
126.40
0.00 0.00%
CARE
189.00
2.00 1.07%
SGS
52.20
(0.50) (0.95%)
ALHAMMADI
39.85
(0.35) (0.87%)
SACO
32.75
(0.25) (0.76%)
SAUDI GERMAN HEALTH
71.70
1.60 2.28%


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