SNB Capital issues Q1 2024 earnings estimates

SNB Capital issued Q1 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

Below is the list of SNB Capital’s first-quarter estimates for banks and firms under its coverage:

 

SNB Capital's Forecasts for Q1 2024 Profit (SAR mln)

Company

Q1 2024 (Projected)

YoY Change

Petrochemicals

SABIC

480.0

(27%)

SIIG

23.7

--

Yansab

90.0

--

Advanced

9.9

(77%)

Tasnee

67.3

(18%)

Sipchem

169.0

(64%)

SABIC Agri-Nutrients

696.0

(29%)

Saudi Kayan

(477.0)

--

Arabian Drilling

187.0

+32%

Luberef

246.0

(45%)

ADES

194.0

+210%

Banks

Al Rajhi Bank

4428.0

+7%

Alinma Bank

1393.0

+44%

BSF

1125.0

+5%

Bank Albilad

612.0

+9%

Riyad Bank

2153.0

+7%

Bank AlJazira

283.0

+39%

Telecommunications

stc

2892.0

(7%)

Mobily

549.0

+18%

Zain KSA

28.8

(95%)

solutions

350.0

+15%

Healthcare

Saudi German Health

52.9

+6%

Mouwasat

209.0

+25%

Al Hammadi

80.0

(2%)

Sulaiman Al Habib

549.0

+12%

Dallah

111.0

+17%

Tourism

SGS

70.5

+76%

CATRION

78.7

+38%

Seera

59.7

+8%

Retail

Leejam Sports

75.2

+20%

eXtra

88.0

+4%

Shaker

28.6

 (1%)

Jarir

261.0

+5%

BinDawood Holding

60.0

+17%

Al Othaim

130.0

+8%

Nahdi

249.0

+2%

Americana*

40.8

 (30%)

Aldawaa

83.7

+10%

Cement

Arabian Cement

48.1

(2%)

Yamama Cement

77.9

(31%)

Eastern Cement

58.4

+5%

Qassim Cement

43.4

(21%)

Southern Cement

30.2

(38%)

Saudi Cement

88.1

(29%)

Yanbu Cement

33.1

(35%)

Riyadh Cement

45.4

--

Real Estate

Dar Al Arkan

122.0

+4%

Taiba

68.8

+11%

Food & Beverages

Almarai

642.0

+1%

Savola

267.0

(32%)

First Mills

67.6

(8%)

Car Rental

Lumi

44.8

(11%)

Budget Saudi

75.7

+9%

Theeb

41.4

(2%)

SAL

211.0

+103%

Others

SEC**

530.0

+10%

Tadawul Group

166.0

+83%

Saudi Steel Pipe

49.1

+671%
*Americana profit in US dollar

**Profit before Mudaraba gains

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Quotes

STC
40.10
(0.25) (0.62%)
ETIHAD ETISALAT
52.30
(0.10) (0.19%)
SAUDI ELECTRICITY
16.72
(0.22) (1.30%)
ALRAJHI
89.90
(2.40) (2.60%)
ALBILAD
36.40
(0.80) (2.15%)
BJAZ
17.52
(0.30) (1.68%)
RIBL
28.40
0.10 0.35%
BSF
33.10
0.30 0.91%
ACC
26.60
(0.50) (1.85%)
EPCCO
34.65
(0.35) (1.00%)
QACCO
53.20
(0.80) (1.48%)
SAUDI CEMENT
42.30
(0.40) (0.94%)
SPCC
33.65
(0.35) (1.03%)
YC
34.00
0.05 0.15%
YCC
23.76
(0.34) (1.41%)
ALMARAI
58.00
(0.40) (0.68%)
TASNEE
10.16
(0.12) (1.17%)
SABIC AGRI-NUTRIENTS
108.20
(1.60) (1.46%)
SAVOLA GROUP
36.95
3.35 9.97%
SIIG
16.86
(0.16) (0.94%)
YANSAB
37.30
0.30 0.81%
JARIR
12.66
(0.02) (0.16%)
TAIBA
37.20
(0.50) (1.33%)
SIPCHEM
24.12
(0.40) (1.63%)
SAUDI KAYAN
6.80
(0.05) (0.73%)
ALINMA
28.00
(0.30) (1.06%)
BUDGET SAUDI
75.00
0.00 0.00%
SEERA
22.72
(0.12) (0.53%)
A.OTHAIM MARKET
10.84
(0.08) (0.73%)
DAR ALARKAN
14.44
(0.08) (0.55%)
ADVANCED
32.20
(0.40) (1.23%)
ZAIN KSA
10.22
(0.08) (0.78%)
DALLAH HEALTH
152.40
(5.20) (3.30%)
MOUWASAT
87.60
(0.60) (0.68%)
SSP
66.60
(0.70) (1.04%)
SHAKER
28.15
(0.75) (2.60%)
CATRION
121.20
(2.20) (1.78%)
EXTRA
98.00
2.90 3.05%
SOLUTIONS
275.60
(6.40) (2.27%)
LUMI
72.70
(1.10) (1.49%)
SGS
50.50
0.10 0.20%
ALHAMMADI
39.00
(1.10) (2.74%)
ALDAWAA
78.10
(0.80) (1.01%)
TADAWUL GROUP
219.00
(1.60) (0.73%)
SULAIMAN ALHABIB
298.60
1.60 0.54%
ARABIAN DRILLING
112.80
(3.00) (2.59%)
RIYADH CEMENT
33.45
(0.25) (0.74%)
SAUDI GERMAN HEALTH
70.60
(1.20) (1.67%)
Leejam Sports
186.20
(4.60) (2.41%)
LUBEREF
110.80
(1.40) (1.25%)
THEEB
74.70
(0.60) (0.80%)
BINDAWOOD
6.58
(0.04) (0.60%)
SAL
254.40
(3.60) (1.40%)
NAHDI
117.40
(3.40) (2.81%)
ADES
17.42
0.00 0.00%
AMERICANA
2.34
0.03 1.30%
FIRST MILLS
60.10
(0.30) (0.50%)


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