Ubhar Capital releases Q1 2023 forecasts

Tadawul trading screen

Ubhar Capital issued Q1 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a profit slump of 80% year-on-year (YoY) to SAR 1.26 billion. Al Rajhi Bank’s first-quarter earnings are forecast to grow 8% to SAR 4.5 billion.

 

The following are the brokerage’s Q1 2023 earnings forecasts:

 

Ubhar Capital Q1 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q1 2023 estimates

YoY

Banks

SNB

4629.0

+3%

Al Rajhi Bank

4478.1

+8%

SABB

1434.3

+43%

Materials

SABIC

1263.0

(81%)

Petro Rabigh

(294.0)

--

Sipchem

516.0

(52%)

Tasnee

177.0

(43%)

Advanced

51.0

(69%)

Yansab

(269.0)

--

SIIG

127.0

(46%)

Maaden

1570.0

(28%)

SABIC Agri-Nutrients

845.2

(66%)

Telecommunications

stc

3417.0

+13%

Mobily

366.0

+15%

Zain KSA

132.0

+64%

Insurance

Bupa Arabia

110.3

+17%

Tawuniya

70.4

+251%

Saudi Re

15.5

+2%

Healthcare

Sulaiman Al Habib

426.5

+9%

Mouwasat

152.2

+1%

Dallah Healthcare

94.6

+14%

Al Hammadi

62.7

+1%

Saudi German Health

27.7

+35%

IT

solutions

283.1

--

MIS

15.1

+228%

Food Retailing

Jarir

263.9

+5%

SADAFCO*

81.6

+33%

BinDawood Holding

69.6

+6%

Al Othaim

96.3

+5%

Alandalus Property

20.2

+2%

Cenomi Centres*

416.6

--

Leejam

47.5

+3%

Other Sectors

Ataa Educational*

9.3

+156%

Saudi Ceramics

54.2

+6%

*Different FY

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STC
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ETIHAD ETISALAT
61.60
0.20 0.33%
TAWUNIYA
138.00
0.40 0.29%
ALRAJHI
97.60
(0.10) (0.10%)
SAB
34.55
(0.10) (0.29%)
SAUDI CERAMICS
26.85
(0.15) (0.56%)
TASNEE
9.15
(0.01) (0.11%)
SABIC
61.30
(0.10) (0.16%)
SADAFCO
311.80
(2.40) (0.76%)
SABIC AGRI-NUTRIENTS
103.40
0.00 0.00%
SIIG
15.50
(0.10) (0.64%)
YANSAB
33.30
(0.05) (0.15%)
JARIR
12.78
(0.04) (0.31%)
SIPCHEM
19.42
0.00 0.00%
PETRO RABIGH
7.23
0.04 0.56%
MAADEN
44.80
(0.10) (0.22%)
BUPA ARABIA
167.20
(1.40) (0.83%)
A.OTHAIM MARKET
9.20
0.00 0.00%
ADVANCED
29.75
(0.15) (0.50%)
ZAIN KSA
13.20
0.18 1.38%
SAUDI RE
42.25
(0.10) (0.24%)
DALLAH HEALTH
126.80
(1.00) (0.78%)
MOUWASAT
74.40
0.10 0.13%
SOLUTIONS
301.00
0.00 0.00%
SNB
33.95
0.00 0.00%
ALHAMMADI
40.15
0.10 0.25%
SULAIMAN ALHABIB
280.80
(1.20) (0.43%)
ALANDALUS
23.70
0.00 0.00%
SAUDI GERMAN HEALTH
65.80
(0.10) (0.15%)
LEEJAM SPORTS
135.00
(0.20) (0.15%)
CENOMI CENTERS
19.98
(0.08) (0.40%)
ATAA
66.70
(0.90) (1.33%)
BINDAWOOD
6.30
0.02 0.32%
MIS
134.40
(1.00) (0.74%)


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