AlJazira Capital issues Q2 2023 earnings forecast
AlJazira Capital published its Q2 2023 profit estimates for Tadawul-listed banks and firms under coverage.
Al Rajhi Bank’s earnings are forecast to retreat 4% year-on-year (YoY) to SAR 4.09 billion in Q2 2023.
Similarly, Saudi Basic Industries Corp.’s (SABIC) earnings are projected to tumble 82% YoY to SAR 1.39 million in Q2 2023.
Meanwhile, telecom operator stc’s profit is estimated to rise to SAR 3.56 billion in the three-month period.
The below table illustrates AlJazira Capital’s Q2 2023 estimates for a number of banks and firms under coverage:
Q2 2023 Forecasts (SAR mln) |
||
Company |
Q2 2023 Estimates |
YoY Change |
Banking Sector |
||
Al Rajhi Bank |
4091.0 |
(4%) |
Alinma Bank |
1084.0 |
+17% |
Bank Albilad |
587.0 |
+15% |
Telecommunication Sector |
||
stc |
3559.0 |
+25% |
Mobily |
496.0 |
+38% |
Zain KSA |
89.0 |
(33%) |
Materials Sector |
||
SABIC |
1387.0 |
(82%) |
Tasnee |
161.3 |
(46%) |
Yansab |
70.3 |
(76%) |
SABIC Agri-Nutrients |
796.6 |
(74%) |
Sipchem |
308.6 |
(76%) |
Advanced |
77.9 |
(29%) |
Saudi Kayan |
(385.6) |
-- |
Maaden |
521.0 |
(87%) |
Yamama Cement |
57.3 |
(37%) |
Saudi Cement |
70.9 |
(31%) |
Southern Cement |
41.3 |
(32%) |
Qassim Cement |
34.0 |
+17% |
Arabian Cement |
37.4 |
(17%) |
Yanbu Cement |
64.5 |
+34% |
City Cement |
20.9 |
(16%) |
Eastern Cement |
54.7 |
+27% |
Healthcare Sector |
||
Al Hammadi |
78.5 |
+21% |
Mouwasat |
158.3 |
+12% |
Care |
52.3 |
+24% |
Dallah Healthcare |
85.2 |
+23% |
Sulaiman Al-Habib |
461.2 |
+16% |
Saudi German Health |
35.7 |
+242% |
Retailing |
||
Jarir |
172.1 |
(3%) |
Cenomi Retail* |
39.6 |
(31%) |
SACO |
(15.1) |
-- |
eXtra |
63.5 |
(50%) |
Consumer Services Sector |
||
Seera |
80.0 |
-- |
Leejam |
50.2 |
+39% |
Food & Beverages |
||
Almarai |
548.7 |
+5% |
Other Sectors |
||
Budget Saudi |
66.5 |
+6% |
Theeb |
46.3 |
+8% |
SGS |
52.8 |
-- |
Saudi Catering |
74.3 |
+71% |
Al Mawarid |
23.0 |
+22% |
Al Othaim |
62.6 |
+34% |
BinDawood Holding |
48.6 |
+15% |
2P |
34.4 |
+12% |
Alkhorayef Water |
53.9 |
+105% |
Al Arabia |
74.5 |
+19% |
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