Aljazira Capital issues Q1 earnings forecast for Saudi firms, banks

08/04/2018 Argaam

 

Aljazira Capital has published its Q1 estimates for several Saudi companies and banks under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 is expected to reach SAR 5.66 billion, up 8 percent year-on-year (YoY). Blue chip Al Rajhi Bank’s earnings are expected to rise 12 percent YoY to SAR 2.48 billion.

 

Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.5 billion in Q1, a 1 percent YoY drop.

 

Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.

 

Q1 Net Profit Forecasts (SAR mln)

Company

Q1 2018E

YoY Change

Average estimates

Banks

Al Rajhi

2,480.7

+12%

Average estimates

Alinma

521.7

+24%

Average estimates

Albilad

238.3

+4%

Average estimates

Petrochemicals

SABIC

5,655.7

+8%

Average estimates

Yansab

723.8

+19%

Average estimates

Safco

392.9

(7%)

Average estimates

Sipchem

182.6

+99%

Average estimates

Advanced

123.3

(1%)

Average estimates

Tasnee

285.5

+176%

Average estimates

Kayan

394.4

+49%

Average estimates

Sahara

137.0

+43%

Average estimates

Petrochem

288.7

+72%

Average estimates

Telecom

STC

2,511.4

(1%)

Average estimates

Mobily

(198.2)

--

Average estimates

Zain

(12.5)

--

Average estimates

Retail

Jarir

228.4

+3%

Average estimates

*Fawaz Alhokair

49.2

(38%)

Average estimates

SACO

30.3

(1%)

Average estimates

Basic Materials

Yamama Cement

31.1

(39%)

Average estimates

Saudi Cement

128.1

(22%)

Average estimates

Southern Cement

90.4

(14%)

Average estimates

Qassim Cement

53.6

(33%)

Average estimates

Arabian Cement

93.5

(7%)

Average estimates

Yanbu Cement

90.4

(27%)

Average estimates

City Cement

24.5

(35%)

Average estimates

Eastern Cement

19.2

(62%)

Average estimates

Healthcare

Al Hammadi

27.6

(1%)

Average estimates

Mouwasat

102.5

+20%

Average estimates

Care

29.8

+92%

Average estimates

Dallah

78.6

(8%)

Average estimates

Saudi German

86.0

(18%)

Average estimates

Others

Maaden

352.4

+29%

Average estimates

Al Tayyar

96.8

(29%)

Average estimates

Al Hokair Group

(11.5)

--

Average estimates

Almarai

307.7

(6%)

Average estimates

Budget

42.0

(1%)

Average estimates

Catering

109.5

(10%)

Average estimates

Al Othaim

80.6

+34%

Average estimates

Bahri

118.2

(69%)

Average estimates

*Fiscal year ends March 2018

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