Riyad Capital has issued its Q2 2017 earnings forecasts for several Tadawul-listed companies operating in various sectors.

 

Petrochemical giant Saudi Basic Industries Corporation (SABIC) is expected to see a 10 percent YoY decline in net income to SAR 5.34 billion.

 

Al Rajhi Bank and Alinma Bank are projected to see profit increase by 10 percent and 3 percent YoY, respectively.

 

The outlook was negative for all cement producers under coverage due to falling cement prices, weak demand and ongoing supply glut. 

 

Meanwhile, Saudi Telecom Co. (STC) is expected to report a 32 percent year-on-year (YoY) jump in its net profit to SAR 2.45 billion for the same period.  

 

Saudi juice and dairy producer Almarai is likely to see its earnings 6 percent higher YoY in Q2.

 

Riyad Capital Q2 Forecasts (SAR mln)

Company

Estimates

YoY Variation

 

Cement

 

Yamama Cement

52

 (55%)

Yanbu Cement

92

(42%)

Qassim Cement

64

(44%)

Southern Cement

96

(64%)

Saudi Cement

127

(49%)

Total

431

(53%)

 

Petrochemicals

 

*Advanced

161

(13%)

Petrochem

151

(28%)

SIIG

174

(7%)

Saudi Kayan

168

85%

Yansab

356

(48%)

SABIC

4,796

(10%)

SAFCO

302

--

Sahara

81

(16%)

Sipchem

32

23%

Petro Rabigh

(210)

--

Total

6,011

(13%)

 

Banks

 

Alawwal

445

(18%)

BSF

1,084

(3%)

SABB

1,041

(10%)

ANB

801

(2%)

Samba

1,290

(2%)

Al Rajhi

2,262

10%

Alinma

421

3%

Total

7,344

0%

 

Retail

 

Almarai

668

6%

Jarir

161

25%

Total

NA

NA

 

Telecom

 

STC

2,453

32%

Mobily

(176)

--

Zain Saudi

46

--

Total

2,323

49%

 

Building Materials

 

Ceramics

11

(61%)

Bawan

19

(64%)

Aslak

8

(79%)

Zoujaj

12

8%

Amiantit

(38)

--

Total

12

(91%)

*Q2 results announced.                                                                                                

 

 

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Quotes

STC
40.00
0.05 0.13%
ETIHAD ETISALAT
53.60
(1.00) (1.83%)
ALRAJHI
93.90
0.40 0.43%
ANB
19.90
0.40 2.05%
SAB
31.75
0.25 0.79%
SAMBA
38.50
1.70 4.62%
BSF
31.40
0.20 0.64%
Alawwal
19.58
0.28 1.45%
QACCO
53.90
0.20 0.37%
SAUDI CEMENT
41.15
0.30 0.73%
SPCC
33.35
0.20 0.60%
YC
31.25
(0.05) (0.16%)
YCC
23.56
0.20 0.86%
ALMARAI
53.00
0.30 0.57%
AMIANTIT
31.75
(0.15) (0.47%)
SAUDI CERAMICS
35.35
(0.25) (0.70%)
ZOUJAJ
58.10
1.10 1.93%
SABIC
69.90
0.20 0.29%
SABIC AGRI-NUTRIENTS
112.60
0.60 0.54%
Sahara Petrochemicals
17.46
0.20 1.16%
SIIG
17.80
0.18 1.02%
YANSAB
37.55
(0.30) (0.79%)
JARIR
12.70
(0.02) (0.16%)
SAUDI KAYAN
7.02
(0.09) (1.27%)
PETRO RABIGH
8.47
0.07 0.83%
ALINMA
28.00
0.35 1.27%
ASLAK
29.20
0.10 0.34%
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
34.75
0.15 0.43%
ZAIN KSA
10.46
0.12 1.16%
BAWAN
48.50
(0.65) (1.32%)


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request