Osool and Bakheet Investment Co. has issued Q1 2019 earnings estimates for several Tadawul-listed companies under its coverage. 

 

Among petrochemical firms, Saudi Basic Industries Corp. (SABIC) is expected to report a 22 percent year-on-year (YoY) profit rise to SAR 4.3 billion.

 

In the banking sector, Al Rajhi Bank is forecast to report net profit of SAR 2.8 billion in Q1, an increase of 18 percent YoY.

 

Saudi Telecom Co.’s (STC) first-quarter net profit is likely to marginally decline by 1 percent YoY.

 

Meanwhile, Dallah Healthcare Co. and Mouwasat Medical Services Co. are seen to report profit declines of 26 percent and 8 percent YoY, respectively.

 

Herfy is expected to report a 9 percent YoY growth in net profit to SAR 51.9 million in Q1 2019.

 

Elsewhere, Budget Saudi’s net profit is forecast jump 11 percent YoY.  Jarir is projected to report net profit of SAR 219 million in the same period.

 

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q1 2019 estimates

Y-o-Y variance

Banks

Riyad Bank

1,365.5

+20%

Aljaizra

249.0

+2%

Banque Saudi Fransi

1,015.1

(9%)

SABB

1,223.1

+18%

ANB

899.0

+10%

Samba

1,421.1

+9%

Al Rajhi

2,800.7

+18%

Albilad

294.4

+15%

Alinma

667.6

+15%

NCB

2,673.5

(11%)

Telecom

STC

2,562.1

(1%)

Basic Materials

Petrochem

224.0

(33%)

SABIC

4,300.0

(22%)

SAFCO

242.0

+2%

Yansab

453.0

(28%)

Yamama Cement

30.0

+26%

Saudi Cement

125.0

(12%)

Qassim Cement

69.0

+21%

Southern Cement

89.0

(13%)

 

Healthcare

  

Mouwasat

97.6

(8%)

Dallah

42.8

(26%)

Care

28.7

+12%

Other Sectors

Jarir

219.0

--

SACO

20.0

+37%

Herfy

51.9

+9%

SADAFCO*

61.1

+22%

Bupa Arabia

41.0

--

SGS

88.0

(18%)

Budget Saudi

43.9

+11%

*Q4 ended March 31, 2019.                                                                                       

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Quotes

STC
40.25
0.15 0.37%
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%
SAMBA
38.50
1.70 4.62%
BSF
32.90
(0.20) (0.60%)
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%)
SABIC
66.70
0.20 0.30%
SADAFCO
331.20
(4.40) (1.31%)
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
ALINMA
28.20
0.20 0.71%
BUDGET SAUDI
75.00
0.00 0.00%
BUPA ARABIA
202.00
(0.80) (0.39%)
Petrochem
45.45
(0.60) (1.30%)
HERFY FOODS
24.24
0.14 0.58%
DALLAH HEALTH
151.60
(0.80) (0.52%)
MOUWASAT
84.30
(3.30) (3.77%)
CARE
167.60
2.40 1.45%
SNB
32.75
(0.25) (0.76%)
SGS
50.00
(0.50) (0.99%)
SACO
31.45
(0.30) (0.94%)
OSOOL AND BAKHEET
40.45
1.45 3.72%


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