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
42.45
0.15 0.35%
ETIHAD ETISALAT
51.80
0.10 0.19%
SAUDI ELECTRICITY
16.24
(0.04) (0.25%)
ALRAJHI
88.90
0.30 0.34%
ALBILAD
35.95
(0.60) (1.64%)
BJAZ
16.18
(0.06) (0.37%)
SAMBA
38.50
1.70 4.62%
BSF
31.10
0.10 0.32%
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%
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%
SAVOLA GROUP
25.60
(0.05) (0.19%)
SIIG
17.60
(0.10) (0.57%)
YANSAB
39.65
(0.15) (0.38%)
JARIR
13.36
0.14 1.06%
ALAKARIA
24.92
(0.04) (0.16%)
TAIBA
43.30
(0.60) (1.37%)
SIPCHEM
26.35
0.20 0.76%
SAUDI KAYAN
7.74
0.00 0.00%
ALINMA
28.15
(0.10) (0.35%)
SEERA
23.02
(0.48) (2.04%)
A.OTHAIM MARKET
11.24
(0.22) (1.92%)
CENOMI RETAIL
12.56
(0.42) (3.24%)
DAR ALARKAN
17.00
(0.20) (1.16%)
Petrochem
45.45
(0.60) (1.30%)
ZAIN KSA
10.40
(0.08) (0.76%)
MOUWASAT
94.30
(1.50) (1.57%)
SSP
69.90
(0.50) (0.71%)
SHAKER
25.90
(0.15) (0.58%)
CATRION
126.40
0.00 0.00%
EXTRA
97.20
(2.00) (2.02%)
SGS
52.20
(0.50) (0.95%)
ALHAMMADI
39.85
(0.35) (0.87%)
SAUDI GERMAN HEALTH
71.70
1.60 2.28%
Leejam Sports
190.60
0.40 0.21%


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