NCB Capital (NCBC) has issued Q3 2019 earnings forecasts for a number of Saudi-listed companies.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 67 percent year-on-year (YoY) profit plunge to SAR 2 billion in Q3 2019.

 

Al Rajhi Bank’s net profit is projected to grow by 3 percent YoY to SAR 2.6 billion in Q3.

 

Saudi Telecom Co. (STC) is forecast to record a 10 percent YoY rise in Q3 net profit to SAR 2.89 billion.

 

The following table illustrates NCBC’s profit forecasts for the third quarter:

 

NCBC Q3 2019 profit estimates (SAR mln)

Company

Q3 2019 estimates

YoY Variation

Petrochemicals

SABIC

1,997

(67%)

SIIG

170

(47%)

YANSAB

275

(62%)

Tasnee

41

(84%)

Sipchem

166

(8%)

SAFCO

422

(19%)

Saudi Kayan

(184)

--

Petrochem

136

(56%)

Telecom

STC

2,893

+10%

Mobily

74

--

Zain Saudi

137

+186%

Food

Savola

48

--

Healthcare

Saudi German

4

(79%)

Mouwasat

90

+11%

Al Hammadi

23

+8%

Tourism

SGS

125

+35%

Catering

137

(4%)

Seera

81

--

Retail

Leejam

64

+19%

eXtra

36

+16%

Alhokair*

5

(52%)

Shaker

(27)

--

Jarir

302

+5%

Al Othaim

48

(12%)

Cement

Arabian Cement

28

+94%

Yamama Cement

60

--

EPCC

22

+144%

Qassim Cement

86

--

SPCC

101

--

Saudi Cement

78

+3%

Yanbu Cement

61

+360%

Real Estate

Dar Al-Arkan

73

+97%

Taiba

59

(2%)

Al Akaria

16

+26%

Banking

Al Rajhi

2,647

+3%

Alinma

675

+3%

BSF

853

(15%)

SAMBA

966

(32%)

Albilad

331

+15%

Aljazira

269

+5%

Other sectors

SEC

4,387

(11%)

Steel Pipe

1.3

--

*Q2 2019 (fiscal year ends March 31, 2020)

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
SAUDI ELECTRICITY
16.78
(0.08) (0.47%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
BJAZ
16.54
(0.10) (0.60%)
SAMBA
38.50
1.70 4.62%
BSF
31.20
0.00 0.00%
ACC
26.05
(0.10) (0.38%)
EPCCO
33.95
0.15 0.44%
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
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%
SAVOLA GROUP
24.26
(0.32) (1.30%)
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
ALAKARIA
25.10
(0.40) (1.57%)
TAIBA
39.50
(0.15) (0.38%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
SEERA
22.54
(0.22) (0.97%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
CENOMI RETAIL
13.68
(0.20) (1.44%)
DAR ALARKAN
16.80
0.08 0.48%
Petrochem
45.45
(0.60) (1.30%)
ZAIN KSA
10.34
(0.06) (0.58%)
MOUWASAT
92.40
0.90 0.98%
SSP
68.30
1.10 1.64%
SHAKER
24.86
0.28 1.14%
CATRION
128.20
(0.80) (0.62%)
EXTRA
96.00
(0.50) (0.52%)
SGS
50.50
1.25 2.54%
ALHAMMADI
39.55
0.15 0.38%
SAUDI GERMAN HEALTH
70.50
1.50 2.17%
Leejam Sports
177.60
0.40 0.23%


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