NCB Capital issues Q4 2020 earnings forecasts for Saudi companies, banks

07/01/2021 Argaam Special


NCB Capital issued its Q4 2020 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and stc Group.

 

SABIC is expected to post a profit of around SAR 1.6 billion in Q4 2020, while Al Rajhi Bank is forecast to report a 16% earnings increase year-on-year (YoY) to SAR 2.7 billion in the same period.

 

Meanwhile, stc’s Q4 2020 net profit is seen rising by 9% YoY to SAR 2.52 billion.

 

Q4 2020 Net Profit Forecast (SAR mln)

Company

Q4 2020 (Estimates)

YoY Change

Petrochemicals

SABIC

1,608.0

--

SIIG

141.0

+125%

Yansab

271.0

+59%

Advanced

205.0

+7%

Tasnee

51.0

--

Sipchem

195.0

--

SABIC Agri-Nutrients

303.0

(12%)

Saudi Kayan

66.4

--

Petrochem

174.0

+31%

Telecom

stc

2,519.0

+9%

Mobily

69.0

--

Zain Saudi

274.0

+161%

Food and Agriculture

Savola

216.0

+57%

Almarai

375.0

+20%

Healthcare

Saudi German

38.0

+1%

Mouwasat

151.0

+16%

Al Hammadi

42.0

+52%

Sulaiman Al Habib Group

279.0

+3%

Tourism

SGS

(15.0)

--

Saudi Catering

(69.0)

--

Seera

(152)

--

Retail

Leejam Sports

42.0

(38%)

eXtra

74.0

+3%

Alhokair*

(31)

--

Shaker

(5)

--

Jarir

249.0

(10%)

Al Othaim

120.0

(16%)

BinDawood

122.0

(2%)

Cement

Arabian Cement

86.0

+17%

Yamama Cement

71.0

(9%)

Eastern Cement

53.0

(20%)

Qassim Cement

116.0

(20%)

Southern Cement

155.0

(4%)

Saudi Cement

140.0

(3%)

Yanbu Cement

95.0

+15%

Real Estate

Dar Al-Arkan

8.0

(89%)

Taiba

37.0

+58%

Banking

Al Rajhi

2,681.0

+16%

Alinma

633.0

+25%

BSF

360.0

(30%)

Albilad

402.0

+23%

Aljazira

194.0

(22%)

Others

Saudi Electricity

1,145.0

--

Saudi Steel Pipe

10.2

--

*Q3 as the fiscal year ends in March.

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