AI Summary
Osool and Bakheet Investment Co. has issued Q3 2019 earnings estimates for several Tadawul-listed companies and banks under its coverage.
Among petrochemical firms, Saudi Basic Industries Corp. (SABIC) is expected to report a 64 percent year-on-year (YoY) profit drop to SAR 2.22 billion.
In the banking sector, Al Rajhi Bank is forecast to report net profit of SAR 2.5 billion in Q3, a decline of 3 percent YoY.
Saudi Telecom Co.’s (STC) third-quarter net profit is likely to rise by 6 percent YoY.
Meanwhile, Dallah Healthcare Co. is seen to report a profit decline of 39 percent YoY, while Mouwasat Medical Services’ net earnings for the third quarter will likely increase by 14 percent YoY.
Herfy is expected to report a 7 percent YoY fall in net profit to SAR 54.3 million in Q3 2019.
Elsewhere, Jarir Marketing Co.’s net profit is forecast jump 4 percent YoY. Leejam Sports Co. is projected to report net profit of SAR 67 million in the same period.
|
Osool & Bakheet Profit Estimates (SAR mln) |
||
|
Company |
Q3 2019 estimates |
Y-o-Y variance |
|
Banks |
||
|
Riyad Bank |
1420.0 |
+ 22% |
|
Aljaizra |
242.0 |
(5%) |
|
Banque Saudi Fransi |
767.0 |
(24%) |
|
SABB |
1021.0 |
(18%) |
|
ANB |
865.0 |
(3%) |
|
Samba |
892.0 |
(37%) |
|
Al Rajhi |
2503.0 |
(3%) |
|
Albilad |
296.0 |
+ 3% |
|
Alinma |
666.0 |
+ 2% |
|
NCB |
2590.0 |
+ 6% |
|
Telecom |
||
|
STC |
2800.0 |
+6% |
|
Mobily |
60.0 |
-- |
|
Zain |
140.0 |
+192% |
|
|
Healthcare |
|
|
Mouwasat |
92.0 |
+14% |
|
Dallah |
19.9 |
(39%) |
|
Al Hammadi |
28.0 |
+31% |
|
Basic Materials |
||
|
Petrochem |
158.0 |
(49%) |
|
SABIC |
2220.0 |
(64%) |
|
SAFCO |
360.4 |
(31%) |
|
Yansab |
345.0 |
(53%) |
|
Hail Cement |
3.6 |
-- |
|
Najran Cement |
3.8 |
-- |
|
City Cement |
46.6 |
-- |
|
Umm Al Qura Cement |
17.4 |
-- |
|
Arabian Cement |
58.5 |
+306% |
|
Yamama Cement |
54.7 |
-- |
|
Saudi Cement |
111.3 |
+48% |
|
Qassim Cement |
90.0 |
-- |
|
Southern Cement |
113.2 |
-- |
|
Yanbu Cement |
56.5 |
+325% |
|
Eastern Cement |
31.4 |
+254% |
|
Arabian Pipes |
12.4 |
-- |
|
Zahrat Al Waha |
13.0 |
+37% |
|
Saudi Chemical |
25.6 |
+89% |
|
Other Sectors |
||
|
eXtra |
38.5 |
+24% |
|
SACO |
31.1 |
+27% |
|
Jarir |
300.0 |
+4% |
|
SISCO |
18.5 |
+67% |
|
Herfy |
54.3 |
(7%) |
|
Leejam |
67.0 |
+25% |
|
SGS |
117.9 |
+27% |
|
Aldrees |
13.1 |
(30%) |
|
Maharah |
64.00 |
-- |
|
Catering |
141.0 |
(1%) |
|
Al Rajh Takaful |
30.4 |
(57%) |
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