Osool and Bakheet Investment Co. has issued Q3 2019 earnings estimates for several Tadawul-listed companies and banks under its coverage. 

 

Among petrochemical firms, Saudi Basic Industries Corp. (SABIC) is expected to report a 64 percent year-on-year (YoY) profit drop to SAR 2.22 billion.

 

In the banking sector, Al Rajhi Bank is forecast to report net profit of SAR 2.5 billion in Q3, a decline of 3 percent YoY.

 

Saudi Telecom Co.’s (STC) third-quarter net profit is likely to rise by 6 percent YoY.

 

Meanwhile, Dallah Healthcare Co. is seen to report a profit decline of 39 percent YoY, while Mouwasat Medical Services’ net earnings for the third quarter will likely increase by 14 percent YoY.

 

Herfy is expected to report a 7 percent YoY fall in net profit to SAR 54.3 million in Q3 2019.

 

Elsewhere, Jarir Marketing Co.’s net profit is forecast jump 4 percent YoY. Leejam Sports Co. is projected to report net profit of SAR 67 million in the same period.

 

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q3 2019 estimates

Y-o-Y variance

Banks

Riyad Bank

1420.0

+ 22%

Aljaizra

242.0

(5%)

Banque Saudi Fransi

767.0

(24%)

SABB

1021.0

(18%)

ANB

865.0

(3%)

Samba

892.0

(37%)

Al Rajhi

2503.0

(3%)

Albilad

296.0

+ 3%

Alinma

666.0

+ 2%

NCB

2590.0

+ 6%

Telecom

STC

2800.0

+6%

Mobily

60.0

--

Zain

140.0

+192%

 

Healthcare

  

Mouwasat

92.0

+14%

Dallah

19.9

(39%)

Al Hammadi

28.0

+31%

Basic Materials

Petrochem

158.0

(49%)

SABIC

2220.0

(64%)

SAFCO

360.4

(31%)

Yansab

345.0

(53%)

Hail Cement

3.6

--

Najran Cement

3.8

--

City Cement

46.6

--

Umm Al Qura Cement

17.4

--

Arabian Cement

58.5

+306%

Yamama Cement

54.7

--

Saudi Cement

111.3

+48%

Qassim Cement

90.0

--

Southern Cement

113.2

--

Yanbu Cement

56.5

+325%

Eastern Cement

31.4

+254%

Arabian Pipes

12.4

--

Zahrat Al Waha

13.0

+37%

Saudi Chemical

25.6

+89%

Other Sectors

eXtra

38.5

+24%

SACO

31.1

+27%

Jarir

300.0

+4%

SISCO

18.5

+67%

Herfy

54.3

(7%)

Leejam

67.0

+25%

SGS

117.9

+27%

Aldrees

13.1

(30%)

Maharah

64.00

--

Catering

141.0

(1%)

Al Rajh Takaful

30.4

(57%)

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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%)
ANB
19.18
0.06 0.31%
BJAZ
16.18
(0.06) (0.37%)
RIBL
25.55
0.00 0.00%
SAB
33.55
(0.15) (0.45%)
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%
SPCC
32.60
0.00 0.00%
YC
30.00
(0.25) (0.83%)
YCC
22.74
0.34 1.52%
APC
123.60
(0.20) (0.16%)
SABIC
72.50
0.00 0.00%
SABIC AGRI-NUTRIENTS
116.20
2.20 1.93%
CHEMICAL
11.22
(0.08) (0.71%)
SISCO HOLDING
29.70
0.00 0.00%
YANSAB
39.65
(0.15) (0.38%)
JARIR
13.36
0.14 1.06%
ALDREES
135.60
3.60 2.73%
HCC
11.60
0.02 0.17%
ALRAJHI TAKAFUL
170.00
(2.80) (1.62%)
Petrochem
45.45
(0.60) (1.30%)
NAJRAN CEMENT
9.13
(0.02) (0.22%)
CITY CEMENT
17.30
0.20 1.17%
ZAIN KSA
10.40
(0.08) (0.76%)
HERFY FOODS
23.66
(0.84) (3.43%)
DALLAH HEALTH
156.00
(0.80) (0.51%)
MOUWASAT
94.30
(1.50) (1.57%)
CATRION
126.40
0.00 0.00%
EXTRA
97.20
(2.00) (2.02%)
UACC
17.34
0.02 0.12%
SNB
32.65
(0.20) (0.61%)
SGS
52.20
(0.50) (0.95%)
ALHAMMADI
39.85
(0.35) (0.87%)
SACO
32.75
(0.25) (0.76%)
Leejam Sports
190.60
0.40 0.21%
OASIS
33.55
0.15 0.45%
MAHARAH
7.28
0.12 1.68%
OSOOL AND BAKHEET
42.90
0.90 2.14%


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