Al Rajhi Capital issues Q3 earnings estimates

Al Rajhi Capital issued Q3 2023 earnings estimates for several Saudi-listed companies under its coverage.

 

The brokerage expects Saudi Basic Industries Corp. (SABIC) Q3 profit to drop 72% year-on-year (YoY) to SAR 522 million.

 

Telecom major stc’s profit is likely to rise 14% YoY to SAR 4.03 billion.

 

Al Rajhi Capital’s Q3 2023 Forecasts (SAR mln)

Company

Q3 2023

 Estimates

(SAR mln)

Change

(YoY)

Petrochemicals

SABIC

522

(72%)

Sipchem

433

(44%)

SABIC Agri-Nutrients

705

(70%)

Yansab

(97)

--

Advanced

52

+93%

Cement

Arabian Cement

25

(58%)

Yamama Cement

48

(53%)

Saudi Cement

46

(43%)

Qassim Cement

36

+54%

Yanbu Cement

48

(31%)

Southern Cement

40

(55%)

Najran Cement

14

(50%)

Telecommunications

stc

4030

+14%

Mobily

499

+34%

Zain KSA

96

+13%

Food & Agriculture

Almarai

621

+34%

SADAFCO*

124

+45%

Savola

199

+22%

NADEC

69

+149%

Tanmiah

16

(50%)

Retail

Jarir

282

+3%

Cenomi Retail

14

(37%)

Al Othaim

50

(93%)

eXtra

98

+4%

BinDawood Holding

60

--

Healthcare

Dallah

52

+19%

Mouwasat

154

+26%

Care

50

+17%

Al Hammadi

84

+47%

Sulaiman Al Habib

470

+12%

Saudi German Health

36

+224%

Pharmaceuticals

SPIMACO

(8)

--

Jamjoom Pharma

71

+56%

Astra Industrial

109

+54%

Insurance

Tawuniya**

210

+82%

GIG**

34

+29%

Bupa Arabia**

327

+2%

Other Sectors

Bawan

30

(21%)

Saudi Ceramics

3

(93%)

Leejam Sports

65

(4%)

Equipment House

6

(32%)

Aldrees

72

+17%

Arabian Drilling

157

(26%)

Luberef

251

(47%)

MIS

53

+111%

solutions

345

+15%

2P

35

+8%

Alkhorayef Water

38

+35%

SISCO

21

+46%

Al Arabia

87

+32%

Riyadh Cables

118

+27%
*Different fiscal year

**Insurance figures have not been adjusted as per IFRS 17

Al Rajhi Capital - Q3 estimates for Saudi companies (05/10/2023)

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ETIHAD ETISALAT
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TAWUNIYA
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NADEC
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(0.04) (0.17%)
ACC
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QACCO
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SPCC
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YCC
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0.40 1.44%
SPIMACO
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0.10 0.41%
SABIC
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0.20 0.33%
SADAFCO
313.40
3.40 1.10%
SABIC AGRI-NUTRIENTS
103.20
(0.40) (0.39%)
SAVOLA GROUP
29.80
(0.30) (1.00%)
SISCO HOLDING
28.85
0.20 0.70%
YANSAB
33.90
(0.10) (0.29%)
JARIR
12.86
0.02 0.16%
ALDREES
135.80
(2.20) (1.59%)
SIPCHEM
19.68
0.22 1.13%
BUPA ARABIA
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(3.00) (1.72%)
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CENOMI RETAIL
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NAJRAN CEMENT
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0.04 0.48%
ZAIN KSA
12.18
0.08 0.66%
ASTRA INDUSTRIAL
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(3.20) (2.02%)
DALLAH HEALTH
126.80
0.40 0.32%
GIG
25.85
0.40 1.57%
MOUWASAT
72.90
0.10 0.14%
EXTRA
92.80
0.40 0.43%
BAWAN
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1.00 1.93%
CARE
150.60
(2.40) (1.57%)
SOLUTIONS
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10.60 3.68%
ALHAMMADI
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(0.10) (0.25%)
ALARABIA
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3.60 3.06%
RIYADH CABLES
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2.60 2.02%
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(5.00) (1.74%)
ARABIAN DRILLING
91.10
1.20 1.33%
SAUDI GERMAN HEALTH
65.90
1.80 2.81%
LEEJAM SPORTS
143.20
(0.80) (0.56%)
LUBEREF
104.00
0.60 0.58%
BINDAWOOD
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MIS
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3.20 2.42%
AWPT
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TANMIAH
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0.10 0.24%
2P
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(0.04) (0.31%)
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