Riyad Capital released Q4 2019 earnings forecast for 28 Saudi-listed firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to post a 30% profit drop year-on-year (YoY) to SAR 2.27 billion in Q4 2019.
National Industrialization Co.’s (Tasnee) earnings are seen down 84% to SAR 30 million, while Saudi Arabia Fertilizers Co.’s (SAFCO) is estimated to make SAR 374 million in Q4, down 34% YoY.
In the banking sector, Al Rajhi Bank is seen to post a 2% profit rise in Q4 to SAR 2.82 billion while the Saudi British Bank (SABB) is expected to post a 31% decline in earnings to SAR 834 million.
Yamama Cement Co. is expected to report an increase in the Q4 net profit to SAR 72 million while Saudi Cement’s earnings are forecast to drop 6% to SAR 118 million in the same period.
In the telecom sector, Saudi Telecom Co.'s (STC) profit is expected to drop 9% YoY to SAR 2.82 billion.
Elsewhere, Almarai Co. is likely to post 12% profit hike YoY in the same quarter.
Jarir Bookstores will see its net income 7% higher YoY to SAR 309 million.
Saudi Electricity Co. (SEC) is expected to realize a net loss of SAR 3.88 billion for the period.
|
Riyad Capital’s Q4 Net Profit Forecasts (SAR mln) |
||
|
Company |
Q4 2019E |
Variation |
|
Banks |
||
|
BSF |
298 |
+11% |
|
SABB* |
834 |
(31%) |
|
ANB |
663 |
(3%) |
|
Samba |
1133 |
(19%) |
|
Al Rajhi |
2820 |
+2% |
|
Albilad |
299 |
+3% |
|
Alinma |
599 |
(9%) |
|
NCB |
2,549 |
(4%) |
|
Petrochemical |
||
|
Petrochem |
165 |
(30%) |
|
SABIC |
2,265 |
(30%) |
|
SAFCO |
374 |
(34%) |
|
Tasnee |
30 |
(84%) |
|
Yansab |
260 |
+12% |
|
Sipchem** |
183 |
+358% |
|
Advanced |
190 |
+16% |
|
Saudi Kayan |
(92) |
(17%) |
|
Telecom |
||
|
STC |
2,821 |
(9%) |
|
Mobily |
64 |
(20%) |
|
Zain |
125 |
(69%) |
|
Cement |
||
|
Yamama Cement |
72 |
-- |
|
Saudi Cement |
118 |
(6%) |
|
Qassim Cement |
104 |
+160% |
|
Southern Cement |
118 |
+127% |
|
Yanbu Cement |
66 |
+94% |
|
Food & Retail |
||
|
Almarai |
416 |
+12% |
|
Jarir |
309 |
+7% |
|
Utilities |
||
|
SEC |
(3,878) |
+2% |
*Merged with Alawwal Bank
** Merged with Sahara.
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