Osool & Bakheet Investment Group has issued profit forecasts for several Tadawul-listed banks and companies for the second quarter of 2017.
Petrochemicals giant Saudi Basic Industries Corp. (SABIC) is likely to report net profit of SAR 4.5 billion for the second quarter, a 5 percent year-on-year (YoY) drop.
In the banking sector, Al Rajhi Bank, Saudi Arabia's second largest bank by assets, is projected to see its profit higher by 9 percent YoY to SAR 2.24 billion.
Meanwhile, Bank Albilad is likely to outperform peers with 25 percent profit growth YoY.
Alawwal Bank is projected to post the biggest decline of 35 percent YoY.
Osool also gave a negative outlook for all cement producers under coverage. Hail Cement would see its earnings dropping by 73 percent YoY.
For healthcare services providers, Al Hammadi Company for Development and Investment is expected to post 28 percent YoY profit rise for the same period.
|
Q2 2017 Profit Estimates (SAR mln) |
||
|
Company |
Q2 2017 estimates |
Y-o-Y variance |
|
Riyad Bank |
1088.7 |
(5%) |
|
Bank Aljazira |
175 |
(2%) |
|
SAIB |
344.9 |
7% |
|
Alawwal |
350.8 |
(35%) |
|
Banque Saudi Fransi |
1016.6 |
(3%) |
|
SABB |
1113.8 |
(3%) |
|
ANB |
829.4 |
1% |
|
Samba |
1317.6 |
0.3% |
|
Al Rajhi |
2243.2 |
9% |
|
Albilad |
230 |
25% |
|
Alinma |
440.4 |
8% |
|
NCB |
2503.7 |
3% |
|
Consumer Services |
||
|
Herfy |
52 |
5% |
|
Al Hokair Group |
20.9 |
11% |
|
|
Energy |
|
|
Al-Babtain |
40.3 |
(1%) |
|
Bahri |
361.3 |
(28%) |
|
Information and Food Retail |
||
|
Farm Superstore |
27.3 |
0.4% |
|
Savola |
155 |
(37%) |
|
Food Production |
||
|
Almarai |
633 |
5% |
|
Jouf Agricultural |
22.2 |
(0.4%) |
|
|
Healthcare |
|
|
Mouwasat |
77.3 |
24% |
|
Care |
42.1 |
(27%) |
|
Al Hammadi |
26.7 |
28% |
|
|
Insurance |
|
|
Arabian Shield |
10.1 |
30% |
|
|
Basic Materials |
|
|
SABIC |
4510.9 |
(5%) |
|
Advanced Petrochemical |
160.9 |
(14%) |
|
SAFCO |
268.2 |
(10%) |
|
Alujain |
4.1 |
(89%) |
|
Sahara |
98 |
2% |
|
Yansab |
517 |
(25%) |
|
Hail Cement |
7.5 |
(73%) |
|
Yamama Cement |
56.3 |
(52%) |
|
Saudi Cement |
153.2 |
(39%) |
|
Qassim Cement |
72.6 |
(37%) |
|
Southern Cement |
99.8 |
(63%) |
|
Eastern Cement |
46.7 |
(5%) |
|
Al Yamamah Steel |
48.2 |
(13%) |
|
Discretionary Commodities |
||
|
Jarir |
143.2 |
11% |
|
|
Transportation |
|
|
Budget |
41.2 |
(12%) |
|
SISCO |
30.8 |
5% |
|
Aldrees |
25.3 |
(13%) |
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