Aljazira Capital has published its Q1 2019 estimates for several Saudi companies and banks under its coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 is expected to stand at SAR 4.25 billion, down 21 percent year-on-year (YoY).
Blue chip Al Rajhi Bank’s earnings are expected to rise 19 percent YoY to SAR 2.84 billion.
Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.66 billion in Q1, a 3 percent YoY rise.
None of the healthcare firms under coverage is expected to post a profit increase for the quarter.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
|
Aljazira Capital’s Q1 Net Profit Forecasts (SAR mln) |
||
|
Company |
Q1 2019E |
Variation |
|
Banks |
||
|
Al Rajhi |
2,838.3 |
+19% |
|
Alinma |
642.0 |
+10% |
|
Albilad |
318.5 |
+24% |
|
Telecom |
||
|
STC |
2,661.1 |
+3% |
|
Mobily |
(133.6) |
-- |
|
Zain |
154.0 |
-- |
|
Basic Materials |
||
|
SABIC |
4,350.4 |
(21%) |
|
Tasnee |
242.0 |
(33%) |
|
Yansab |
530.8 |
(16%) |
|
SAFCO |
341.2 |
+44% |
|
SIPCHEM |
113.1 |
(25%) |
|
Kayan |
138.3 |
(70%) |
|
Petrochem |
223.5 |
(33%) |
|
Ma’aden |
348.0 |
(45%) |
|
Yamama Cement |
14.8 |
(38%) |
|
Saudi Cement |
147.7 |
+4% |
|
Southern Cement |
56.8 |
(44%) |
|
Qassim Cement |
47.4 |
(17%) |
|
Arabian Cement |
9.2 |
-- |
|
Yanbu Cement |
46.3 |
+15% |
|
City Cement |
31.7 |
+27% |
|
Eastern Cement |
34.4 |
+107% |
|
Healthcare |
||
|
Al Hammadi |
21.2 |
(31%) |
|
Mouwasat |
105.7 |
(0.3%) |
|
Care |
8.7 |
(66%) |
|
Dallah |
39.4 |
(32%) |
|
Saudi German |
30.2 |
(65%) |
|
Other |
||
|
Jarir |
225.4 |
+3% |
|
Al Tayyar |
90.6 |
+6% |
|
Budget Saudi |
46.9 |
+18% |
|
Catering |
109.6 |
(9%) |
|
Al Othaim |
72.5 |
+8% |
|
Bahri |
130.3 |
+6% |
|
Alhokair* |
35.5 |
-- |
|
SACO |
18.4 |
+26% |
*Financial results of Q4 ending March 2019
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