Riyad Capital has published its forecasts for the Q3 2019 profits of banks and companies under its coverage, including Saudi Basic Industries Corp (SABIC) and Al Rajhi Bank.
The brokerage firm said in a research note that it forecasts SABIC’s Q3 profit to decline 64 percent to SAR 2.2 billion compared to the same period in 2018.
It also expects Al Rajhi Bank’s Q3 2019 profits to increase 4 percent to SAR 2.7 billion.
The table below highlights the brokerage firm forecasts for Q3 2019:
|
Riyad Capital’s Q3 Net Profit Forecasts (SAR mln) |
||
|
Company |
Q3 2019E |
Variation |
|
Banks |
||
|
BSF |
798 |
(16%) |
|
SABB |
478 |
(55%) |
|
ANB |
898 |
+ 23% |
|
Samba |
902 |
(28%) |
|
Al Rajhi |
2,675 |
+ 6% |
|
Albilad |
311 |
+ 31% |
|
Alinma |
703 |
+10% |
|
Petrochemical |
||
|
Petrochem |
149 |
(51%) |
|
SABIC |
2,196 |
(64%) |
|
SAFCO |
440 |
(16%) |
|
Tasnee |
(12) |
-- |
|
Yansab |
279 |
(62%) |
|
Sipchem |
205 |
+14% |
|
Saudi Kayan |
(223) |
-- |
|
Telecom |
||
|
STC |
3,042 |
+12% |
|
Mobily |
69 |
-- |
|
Zain |
156 |
+225% |
|
Cement |
||
|
Yamama Cement |
65 |
-- |
|
Saudi Cement |
109 |
+45% |
|
Qassim Cement |
76 |
-- |
|
Southern Cement |
104 |
-- |
|
Yanbu Cement |
45 |
+241% |
|
Retail |
||
|
Jarir |
313 |
+9% |
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