Osool & Bakheet Investment Group has issued profit forecasts for several Tadawul-listed banks and companies for the second quarter of 2017.

 

Petrochemicals giant Saudi Basic Industries Corp. (SABIC) is likely to report net profit of SAR 4.5 billion for the second quarter, a 5 percent year-on-year (YoY) drop.

 

In the banking sector, Al Rajhi Bank, Saudi Arabia's second largest bank by assets, is projected to see its profit higher by 9 percent YoY to SAR 2.24 billion.

 

Meanwhile, Bank Albilad is likely to outperform peers with 25 percent profit growth YoY.

 

Alawwal Bank is projected to post the biggest decline of 35 percent YoY.

 

Osool also gave a negative outlook for all cement producers under coverage. Hail Cement would see its earnings dropping by 73 percent YoY.

 

For healthcare services providers, Al Hammadi Company for Development and Investment is expected to post 28 percent YoY profit rise for the same period. 

 

Q2 2017 Profit Estimates (SAR mln)

Company

Q2 2017 estimates

Y-o-Y variance

Riyad Bank

1088.7

(5%)

Bank Aljazira

175

(2%)

SAIB

344.9

7%

Alawwal

350.8

(35%)

Banque Saudi Fransi

1016.6

(3%)

SABB

1113.8

(3%)

ANB

829.4

1%

Samba

1317.6

0.3%

Al Rajhi

2243.2

9%

Albilad

230

25%

Alinma

440.4

8%

NCB

2503.7

3%

Consumer Services

Herfy

52

5%

Al Hokair Group

20.9

11%

 

Energy

 

Al-Babtain

40.3

(1%)

Bahri

361.3

(28%)

Information and Food Retail

Farm Superstore

27.3

0.4%

Savola

155

(37%)

  Food Production

Almarai

633

5%

Jouf Agricultural

22.2

(0.4%)

 

Healthcare

 

Mouwasat

77.3

24%

Care

42.1

(27%)

Al Hammadi

26.7

28%

 

Insurance

 

Arabian Shield

10.1

30%

 

Basic Materials

 

SABIC

4510.9

(5%)

Advanced Petrochemical

160.9

(14%)

SAFCO

268.2

(10%)

Alujain

4.1

(89%)

Sahara

98

2%

Yansab

517

(25%)

Hail Cement

7.5

(73%)

Yamama Cement

56.3

(52%)

Saudi Cement

153.2

(39%)

Qassim Cement

72.6

(37%)

Southern Cement

99.8

(63%)

Eastern Cement

46.7

(5%)

Al Yamamah Steel

48.2

(13%)

Discretionary Commodities

Jarir

143.2

11%

 

Transportation

 

Budget

41.2

(12%)

SISCO

30.8

5%

Aldrees

25.3

(13%)

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Quotes

ALJOUF
59.20
(0.70) (1.17%)
ALRAJHI
90.30
0.40 0.44%
ALBILAD
36.85
0.45 1.24%
ANB
20.00
(0.10) (0.50%)
BJAZ
17.90
0.38 2.17%
RIBL
27.90
(0.50) (1.76%)
SAB
32.20
0.30 0.94%
BSF
32.90
(0.20) (0.60%)
Alawwal
19.58
0.28 1.45%
SAIB
14.06
(0.20) (1.40%)
EPCCO
34.70
0.05 0.14%
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
SPCC
33.60
(0.05) (0.15%)
YC
33.15
(0.85) (2.50%)
ALMARAI
57.80
(0.20) (0.34%)
ALUJAIN
38.20
(0.20) (0.52%)
SABIC
66.70
0.20 0.30%
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
Sahara Petrochemicals
17.46
0.20 1.16%
SAVOLA GROUP
37.70
0.75 2.03%
SISCO HOLDING
32.35
0.05 0.15%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
BAHRI
26.20
0.20 0.77%
ALDREES
125.00
(0.60) (0.48%)
ALINMA
28.20
0.20 0.71%
HCC
11.60
0.02 0.17%
BUDGET SAUDI
75.00
0.00 0.00%
ARABIAN SHIELD
18.52
(0.12) (0.64%)
ALBABTAIN
36.05
(0.70) (1.90%)
ADVANCED
32.15
(0.05) (0.16%)
HERFY FOODS
24.24
0.14 0.58%
MOUWASAT
84.30
(3.30) (3.77%)
CARE
167.60
2.40 1.45%
FARM SUPERSTORES
22.50
(0.10) (0.44%)
BAAN
2.47
(0.02) (0.80%)
SNB
32.75
(0.25) (0.76%)
ALHAMMADI
38.40
(0.60) (1.54%)
ALYAMAMAH STEEL
34.80
(1.30) (3.60%)


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