Ubhar Capital releases Q1 2023 forecasts

Tadawul trading screen

Ubhar Capital issued Q1 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a profit slump of 80% year-on-year (YoY) to SAR 1.26 billion. Al Rajhi Bank’s first-quarter earnings are forecast to grow 8% to SAR 4.5 billion.

 

The following are the brokerage’s Q1 2023 earnings forecasts:

 

Ubhar Capital Q1 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q1 2023 estimates

YoY

Banks

SNB

4629.0

+3%

Al Rajhi Bank

4478.1

+8%

SABB

1434.3

+43%

Materials

SABIC

1263.0

(81%)

Petro Rabigh

(294.0)

--

Sipchem

516.0

(52%)

Tasnee

177.0

(43%)

Advanced

51.0

(69%)

Yansab

(269.0)

--

SIIG

127.0

(46%)

Maaden

1570.0

(28%)

SABIC Agri-Nutrients

845.2

(66%)

Telecommunications

stc

3417.0

+13%

Mobily

366.0

+15%

Zain KSA

132.0

+64%

Insurance

Bupa Arabia

110.3

+17%

Tawuniya

70.4

+251%

Saudi Re

15.5

+2%

Healthcare

Sulaiman Al Habib

426.5

+9%

Mouwasat

152.2

+1%

Dallah Healthcare

94.6

+14%

Al Hammadi

62.7

+1%

Saudi German Health

27.7

+35%

IT

solutions

283.1

--

MIS

15.1

+228%

Food Retailing

Jarir

263.9

+5%

SADAFCO*

81.6

+33%

BinDawood Holding

69.6

+6%

Al Othaim

96.3

+5%

Alandalus Property

20.2

+2%

Cenomi Centres*

416.6

--

Leejam

47.5

+3%

Other Sectors

Ataa Educational*

9.3

+156%

Saudi Ceramics

54.2

+6%

*Different FY

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Quotes

STC
44.90
0.66 1.49%
ETIHAD ETISALAT
66.50
0.30 0.45%
TAWUNIYA
130.60
(1.80) (1.36%)
ALRAJHI
102.50
(1.60) (1.54%)
SAB
32.08
(0.24) (0.74%)
SAUDI CERAMICS
29.00
(0.32) (1.09%)
TASNEE
11.42
(0.02) (0.17%)
SABIC
58.75
0.05 0.09%
SADAFCO
257.20
(6.60) (2.50%)
SABIC AGRI-NUTRIENTS
122.50
(1.70) (1.37%)
SIIG
15.82
(0.06) (0.38%)
YANSAB
32.36
(0.70) (2.12%)
JARIR
13.95
(0.18) (1.27%)
SIPCHEM
18.66
0.03 0.16%
PETRO RABIGH
8.61
0.01 0.12%
MAADEN
61.80
(1.75) (2.75%)
BUPA ARABIA
159.10
(4.40) (2.69%)
A.OTHAIM MARKET
7.50
(0.07) (0.92%)
ADVANCED
37.70
(0.06) (0.16%)
ZAIN KSA
11.58
0.03 0.26%
SAUDI RE
30.02
(1.24) (3.97%)
DALLAH HEALTH
150.00
1.20 0.81%
MOUWASAT
73.70
(0.20) (0.27%)
SOLUTIONS
240.60
(4.50) (1.84%)
SNB
39.84
0.10 0.25%
ALHAMMADI
33.20
(0.80) (2.35%)
SULAIMAN ALHABIB
268.60
1.60 0.60%
ALANDALUS
19.23
(0.09) (0.47%)
SAUDI GERMAN HEALTH
46.00
(2.00) (4.17%)
LEEJAM SPORTS
125.50
(1.00) (0.79%)
CENOMI CENTERS
21.29
(0.42) (1.93%)
ATAA
66.75
(1.35) (1.98%)
BINDAWOOD
5.56
(0.04) (0.71%)
MIS
143.70
(1.50) (1.03%)


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