Al Rajhi Capital issues Q1 2023 profit estimates

Al Rajhi Capital issued Q1 2023 earnings forecasts for the Saudi-listed companies under its coverage.

 

Saudi Basic Industries Corp. (SABIC) is projected to post an 83% fall year-on-year (YoY) in net earnings to SAR 1.12 billion during the three-month period.

 

Telecom major stc is seen to report a 10% YoY profit increase in Q1 2023.

 

Al Rajhi Capital’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Petrochemicals

SABIC

1,122

(83%)

Sipchem

524

(51%)

SABIC Agri-Nutrients

854

(66%)

Yansab

(249)

--

Advanced

52

(68%)

Cement

Arabian Cement

31

(26%)

Yamama Cement

89

+200%

Saudi Cement

130

+113%

Qassim Cement

57

+127%

Yanbu Cement

62

+59%

Southern Cement

81

(9%)

Najran Cement

39

+67%

Telecommunications

stc

3325

+10%

Mobily

395

+24%

Zain KSA

139

+73%

Food & Agriculture

Almarai

443

+5%

SADAFCO*

86

+40%

Savola

265

(2%)

Herfy

19

(33%)

Tanmiah

27

--

Retail

Jarir

259

+3%

Cenomi Retail*

11

--

Al Othaim

96

+5%

eXtra

97

(1%)

BinDawood Holding

27

(59%)

Healthcare

Dallah

88

+6%

Mouwasat

165

+10%

Care

43

+43%

Al Hammadi

61

(2%)

Sulaiman Al Habib

422

+13%

Insurance

Bupa Arabia

199

+112%

Tawuniya

120

+499%

GIG

21

+3%

Other Sectors

Leejam

61

+33%

Saudi Ceramics

45

(12%)

Aldrees

72

+15%

Bawan

36

(29%)

MIS

44

--

solutions

303

+7%

Alkhorayef Water

36

+42%

Al Arabia

85

+31%

SISCO

26

--

Equipment House

16

(4%)

Arabian Drilling

149

+53%

Luberef

371

+23%

Riyadh Cables

111

--
*A different fiscal year

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Quotes

STC
42.62
0.08 0.19%
ETIHAD ETISALAT
62.85
(0.55) (0.87%)
TAWUNIYA
122.00
0.70 0.58%
ACC
20.88
(0.22) (1.04%)
QACCO
41.52
0.02 0.05%
SAUDI CEMENT
36.54
(0.36) (0.98%)
SPCC
23.25
(0.23) (0.98%)
YC
23.35
(0.25) (1.06%)
YCC
15.33
(0.04) (0.26%)
ALMARAI
44.54
(0.96) (2.11%)
SAUDI CERAMICS
28.52
0.44 1.57%
SABIC
55.75
0.25 0.45%
SADAFCO
239.30
(1.70) (0.71%)
SABIC AGRI-NUTRIENTS
116.80
(0.20) (0.17%)
SAVOLA GROUP
25.98
0.00 0.00%
SISCO HOLDING
31.52
0.58 1.87%
YANSAB
30.68
0.24 0.79%
JARIR
12.69
(0.27) (2.08%)
ALDREES
129.90
(1.50) (1.14%)
SIPCHEM
16.98
0.40 2.41%
BUPA ARABIA
148.30
(1.60) (1.07%)
A.OTHAIM MARKET
6.75
(0.22) (3.16%)
CENOMI RETAIL
22.31
(0.39) (1.72%)
ADVANCED
32.00
(0.18) (0.56%)
NAJRAN CEMENT
6.93
(0.06) (0.86%)
ZAIN KSA
10.67
(0.05) (0.47%)
HERFY FOODS
18.18
(0.13) (0.71%)
DALLAH HEALTH
131.40
(2.50) (1.87%)
GIG
23.20
(0.26) (1.11%)
MOUWASAT
68.85
(0.20) (0.29%)
EXTRA
89.10
(0.20) (0.22%)
BAWAN
50.10
0.12 0.24%
CARE
146.00
(1.50) (1.02%)
SOLUTIONS
227.80
6.90 3.12%
ALHAMMADI
29.12
(0.18) (0.61%)
ALARABIA
118.00
0.30 0.25%
RIYADH CABLES
122.90
(1.10) (0.89%)
SULAIMAN ALHABIB
244.90
3.10 1.28%
ARABIAN DRILLING
90.20
2.60 2.97%
LEEJAM SPORTS
114.80
1.90 1.68%
LUBEREF
84.65
(1.25) (1.46%)
BINDAWOOD
4.99
(0.03) (0.60%)
MIS
158.70
4.20 2.72%
AWPT
135.00
0.00 0.00%
TANMIAH
62.15
(0.85) (1.35%)
EQUIPMENT HOUSE
33.22
(0.58) (1.72%)


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