Ubhar Capital issued Q4 2022 earnings forecasts for a number of Saudi banks and companies under coverage.
Saudi Basic Industries Corporation (SABIC) is forecast to report a net profit of SAR 1.42 billion, a decline of 71% year-on-year (YoY), while Al Rajhi Bank is estimated to generate net earnings of SAR 4.38 billion, an increase of 9% YoY.
The following are the brokerage’s Q4 2022 earnings forecasts:
|
Ubhar Capital Q4 2022 Earnings Forecasts for Companies, Banks (SAR mln) |
||
|
Company |
Q4 2022 estimates |
YoY |
|
Banks |
||
|
SNB |
4957.0 |
+67% |
|
Al Rajhi Bank |
4380.9 |
+9% |
|
SABB |
1245.4 |
+192% |
|
Materials |
||
|
Advanced |
10.5 |
(94%) |
|
Yansab |
(84.3) |
-- |
|
SIIG |
108.8 |
(11%) |
|
SABIC |
1424.4 |
(71%) |
|
Petro Rabigh |
(868.8) |
-- |
|
Sipchem |
280.2 |
(79%) |
|
Tasnee |
329.0 |
(3%) |
|
Maaden |
1784.6 |
(15%) |
|
SABIC Agri-Nutrients |
2126.8 |
(23%) |
|
Telecommunications |
||
|
stc |
3136.6 |
+20% |
|
Mobily |
389.4 |
+21% |
|
Zain KSA |
32.3 |
(55%) |
|
Insurance |
||
|
Bupa Arabia |
15.1 |
(24%) |
|
Tawuniya |
25.8 |
-- |
|
Saudi Re |
2.7 |
+260% |
|
Healthcare |
||
|
Sulaiman Al Habib |
424.3 |
+11% |
|
Mouwasat |
140.4 |
(4%) |
|
Dallah Healthcare |
69.8 |
(36%) |
|
Al Hammadi |
57.6 |
+440% |
|
Saudi German Health |
12.1 |
-- |
|
IT |
||
|
solutions |
279.9 |
+145% |
|
MIS |
29.8 |
+210% |
|
Food Retailing |
||
|
Jarir |
241.0 |
(8%) |
|
SADAFCO* |
75.2 |
+22% |
|
Almarai |
443.6 |
+55% |
|
BinDawood Holding |
12.7 |
(4%) |
|
Al Othaim |
125.4 |
(19%) |
|
Alandalus Property |
16.0 |
+54% |
|
Cenomi Centres* |
150.0 |
+41% |
|
Leejam |
69.0 |
(20%) |
|
Other Sectors |
||
|
Ataa Educational* |
17.8 |
-- |
|
Saudi Ceramics |
50.8 |
+8% |
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