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.                                                                                                

 

 

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Quotes

STC
40.15
(0.20) (0.50%)
ETIHAD ETISALAT
53.10
1.00 1.92%
ALRAJHI
92.10
(0.10) (0.11%)
ANB
20.30
(0.06) (0.29%)
SAB
32.80
(0.20) (0.61%)
SAMBA
38.50
1.70 4.62%
BSF
15.94
(0.14) (0.87%)
Alawwal
19.58
0.28 1.45%
QACCO
53.00
(0.20) (0.38%)
SAUDI CEMENT
42.50
0.55 1.31%
SPCC
33.15
(0.15) (0.45%)
YC
34.35
0.20 0.59%
YCC
23.46
0.04 0.17%
ALMARAI
56.90
(0.50) (0.87%)
AMIANTIT
28.15
0.15 0.54%
SAUDI CERAMICS
34.00
(0.15) (0.44%)
ZOUJAJ
55.00
2.00 3.77%
SABIC
67.20
0.00 0.00%
SABIC AGRI-NUTRIENTS
109.20
(0.80) (0.73%)
Sahara Petrochemicals
17.46
0.20 1.16%
SIIG
16.66
(0.48) (2.80%)
YANSAB
37.30
0.05 0.13%
JARIR
12.70
0.02 0.16%
SAUDI KAYAN
6.89
(0.05) (0.72%)
PETRO RABIGH
8.13
(0.05) (0.61%)
ALINMA
28.40
(0.25) (0.87%)
ASLAK
28.20
(0.20) (0.70%)
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
32.30
0.05 0.16%
ZAIN KSA
10.30
0.00 0.00%
BAWAN
53.80
(0.30) (0.55%)


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