NCB Capital (NCBC) has issued Q3 2019 earnings forecasts for a number of Saudi-listed companies.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a 67 percent year-on-year (YoY) profit plunge to SAR 2 billion in Q3 2019.

 

Al Rajhi Bank’s net profit is projected to grow by 3 percent YoY to SAR 2.6 billion in Q3.

 

Saudi Telecom Co. (STC) is forecast to record a 10 percent YoY rise in Q3 net profit to SAR 2.89 billion.

 

The following table illustrates NCBC’s profit forecasts for the third quarter:

 

NCBC Q3 2019 profit estimates (SAR mln)

Company

Q3 2019 estimates

YoY Variation

Petrochemicals

SABIC

1,997

(67%)

SIIG

170

(47%)

YANSAB

275

(62%)

Tasnee

41

(84%)

Sipchem

166

(8%)

SAFCO

422

(19%)

Saudi Kayan

(184)

--

Petrochem

136

(56%)

Telecom

STC

2,893

+10%

Mobily

74

--

Zain Saudi

137

+186%

Food

Savola

48

--

Healthcare

Saudi German

4

(79%)

Mouwasat

90

+11%

Al Hammadi

23

+8%

Tourism

SGS

125

+35%

Catering

137

(4%)

Seera

81

--

Retail

Leejam

64

+19%

eXtra

36

+16%

Alhokair*

5

(52%)

Shaker

(27)

--

Jarir

302

+5%

Al Othaim

48

(12%)

Cement

Arabian Cement

28

+94%

Yamama Cement

60

--

EPCC

22

+144%

Qassim Cement

86

--

SPCC

101

--

Saudi Cement

78

+3%

Yanbu Cement

61

+360%

Real Estate

Dar Al-Arkan

73

+97%

Taiba

59

(2%)

Al Akaria

16

+26%

Banking

Al Rajhi

2,647

+3%

Alinma

675

+3%

BSF

853

(15%)

SAMBA

966

(32%)

Albilad

331

+15%

Aljazira

269

+5%

Other sectors

SEC

4,387

(11%)

Steel Pipe

1.3

--

*Q2 2019 (fiscal year ends March 31, 2020)

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Quotes

STC
42.28
0.08 0.19%
ETIHAD ETISALAT
63.10
0.25 0.40%
SAUDI ELECTRICITY
14.16
0.13 0.93%
ALRAJHI
96.00
(0.35) (0.36%)
ALBILAD
25.64
(0.28) (1.08%)
BJAZ
11.33
(0.22) (1.90%)
SAMBA
38.50
1.70 4.62%
BSF
16.27
(0.13) (0.79%)
ACC
21.12
0.27 1.30%
EPCCO
23.26
0.24 1.04%
QACCO
42.00
0.18 0.43%
SAUDI CEMENT
35.92
0.04 0.11%
YC
23.25
0.46 2.02%
YCC
15.26
(0.02) (0.13%)
TASNEE
9.71
(0.04) (0.41%)
SABIC
54.50
(0.15) (0.27%)
SABIC AGRI-NUTRIENTS
115.70
(0.30) (0.26%)
SAVOLA GROUP
24.37
(0.59) (2.36%)
SIIG
13.64
(0.25) (1.80%)
YANSAB
30.42
0.02 0.07%
JARIR
12.54
0.15 1.21%
ALAKARIA
12.84
(0.06) (0.47%)
TAIBA
34.80
(0.98) (2.74%)
SIPCHEM
16.21
(0.56) (3.34%)
SAUDI KAYAN
5.12
(0.05) (0.97%)
ALINMA
24.21
(0.08) (0.33%)
SEERA
27.50
(0.34) (1.22%)
A.OTHAIM MARKET
6.68
0.01 0.15%
CENOMI RETAIL
19.00
(0.40) (2.06%)
DAR ALARKAN
15.48
0.15 0.98%
Petrochem
45.45
(0.60) (1.30%)
ZAIN KSA
10.66
0.10 0.95%
MOUWASAT
69.10
0.10 0.14%
SSP
40.12
(1.26) (3.04%)
SHAKER
23.36
(0.09) (0.38%)
CATRION
81.30
(1.85) (2.22%)
EXTRA
87.70
0.05 0.06%
SGS
39.30
(0.44) (1.11%)
ALHAMMADI
29.00
(0.38) (1.29%)
SAUDI GERMAN HEALTH
38.00
(1.10) (2.81%)
LEEJAM SPORTS
112.20
(0.80) (0.71%)


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