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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