Riyad Capital has issued its Q1 2018 earnings forecasts for 21 Tadawul-listed companies in three sectors under its coverage.

 

Petrochemical giant Saudi Basic Industries Corporation (SABIC) is expected to post a 7 percent year-on-year (YoY) rise in net income to SAR 5.62 billion for the first quarter.

 

Saudi International Petrochemical Co. (Sipchem) is likely to report the biggest surge in Q1 net profit at 88 percent YoY to SAR 172 million.  

 

Saudi Industrial Investment Group (SIIG) is forecast to record the biggest profit drop at 32 percent YoY.

 

In the banking sector, Alinma Bank and Al Rajhi Bank are projected to see profit increases by 29 percent and 12 percent YoY, respectively.

 

Banque Saudi Fransi (BSF) and Arab National Bank (ANB) will see Q1 net profit 8 percent lower YoY.

 

Net earnings of Saudi Telecom Co. (STC), the Kingdom’s largest telecom operator, are expected to decline 3 percent YoY to SAR 2.5 billion for the same period.

 

Riyad Capital Q1 Forecasts (SAR mln)

Company

Estimates

YoY Variation
 

Banks

  

Alawwal

305

(6%)

BSF

1012

(8%)

SABB

1013

(2%)

ANB

710

(8%)

Samba

1265

+3%

Al Rajhi

2483

+12%

Albilad

252

+10%

Alinma

544

+29%

NCB

2564

(5%)
 

Petrochemicals

  

Petrochem

292

+74%

SABIC

5619

+7%

SAFCO

415

(2%)

SIIG

211

(32%)

Sahara

116

+21%

Yansab

783

+29%

Sipchem

172

+88%

Advanced

133

+7%

Kayan

416

+57%
 

Telecom

  

STC

2513

(3%)

Mobily

(157)

--

Zain Saudi

(17)

--

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Quotes

STC
42.45
0.15 0.35%
ETIHAD ETISALAT
51.80
0.10 0.19%
ALRAJHI
88.90
0.30 0.34%
ALBILAD
35.95
(0.60) (1.64%)
ANB
19.18
0.06 0.31%
SAB
33.55
(0.15) (0.45%)
SAMBA
38.50
1.70 4.62%
BSF
31.10
0.10 0.32%
Alawwal
19.58
0.28 1.45%
SABIC
72.50
0.00 0.00%
SABIC AGRI-NUTRIENTS
116.20
2.20 1.93%
Sahara Petrochemicals
17.46
0.20 1.16%
SIIG
17.60
(0.10) (0.57%)
YANSAB
39.65
(0.15) (0.38%)
SIPCHEM
26.35
0.20 0.76%
SAUDI KAYAN
7.74
0.00 0.00%
ALINMA
28.15
(0.10) (0.35%)
Petrochem
45.45
(0.60) (1.30%)
ADVANCED
36.00
0.05 0.14%
ZAIN KSA
10.40
(0.08) (0.76%)
SNB
32.65
(0.20) (0.61%)


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