KASB Capital issues Q4 earnings estimates; STC to rise 14%

03/01/2018 Argaam

 

KASB Capital has issued its Q4 estimates for several Saudi companies and banks under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q4 is expected to reach SAR 5.38 billion, up 19 percent year-on-year (YoY), while Al Rajhi Bank’s earnings are expected to rise 13.7 percent YoY to SAR 2.33 billion.

 

Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.45 billion in Q4, a 14 percent YoY increase.

 

Q4 net profit estimates (SAR mln)

Company/bank

Q4 2017E

YoY Change

Average estimates

SABIC

5327.0

+17%

Average estimates

Yansab

675.1

+12%

Average estimates

Safco

273.3

(4%)

Average estimates

Advanced

209.7

(0.2%)

Average estimates

Saudi Cement

101.0

(46%)

Average estimates

Yanbu Cement

64.0

(36%)

Average estimates

Southern Cement

78.8

(50%)

Average estimates

Yamama Cement

30.5

(30%)

Average estimates

Qassim Cement

58.8

(34%)

Average estimates

Al Rajhi Bank

2326.8

+14%

Average estimates

Alinma Bank

517.4

+33%

Average estimates

Bank Albilad

269.4

+22%

Average estimates

Aljazira Bank

242.4

+59%

Average estimates

STC

2451.5

+14%

Average estimates

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