Al Rajhi Capital issues Q3 earnings estimates

Al Rajhi Capital issued Q3 2023 earnings estimates for several Saudi-listed companies under its coverage.

 

The brokerage expects Saudi Basic Industries Corp. (SABIC) Q3 profit to drop 72% year-on-year (YoY) to SAR 522 million.

 

Telecom major stc’s profit is likely to rise 14% YoY to SAR 4.03 billion.

 

Al Rajhi Capital’s Q3 2023 Forecasts (SAR mln)

Company

Q3 2023

 Estimates

(SAR mln)

Change

(YoY)

Petrochemicals

SABIC

522

(72%)

Sipchem

433

(44%)

SABIC Agri-Nutrients

705

(70%)

Yansab

(97)

--

Advanced

52

+93%

Cement

Arabian Cement

25

(58%)

Yamama Cement

48

(53%)

Saudi Cement

46

(43%)

Qassim Cement

36

+54%

Yanbu Cement

48

(31%)

Southern Cement

40

(55%)

Najran Cement

14

(50%)

Telecommunications

stc

4030

+14%

Mobily

499

+34%

Zain KSA

96

+13%

Food & Agriculture

Almarai

621

+34%

SADAFCO*

124

+45%

Savola

199

+22%

NADEC

69

+149%

Tanmiah

16

(50%)

Retail

Jarir

282

+3%

Cenomi Retail

14

(37%)

Al Othaim

50

(93%)

eXtra

98

+4%

BinDawood Holding

60

--

Healthcare

Dallah

52

+19%

Mouwasat

154

+26%

Care

50

+17%

Al Hammadi

84

+47%

Sulaiman Al Habib

470

+12%

Saudi German Health

36

+224%

Pharmaceuticals

SPIMACO

(8)

--

Jamjoom Pharma

71

+56%

Astra Industrial

109

+54%

Insurance

Tawuniya**

210

+82%

GIG**

34

+29%

Bupa Arabia**

327

+2%

Other Sectors

Bawan

30

(21%)

Saudi Ceramics

3

(93%)

Leejam Sports

65

(4%)

Equipment House

6

(32%)

Aldrees

72

+17%

Arabian Drilling

157

(26%)

Luberef

251

(47%)

MIS

53

+111%

solutions

345

+15%

2P

35

+8%

Alkhorayef Water

38

+35%

SISCO

21

+46%

Al Arabia

87

+32%

Riyadh Cables

118

+27%
*Different fiscal year

**Insurance figures have not been adjusted as per IFRS 17

Al Rajhi Capital - Q3 estimates for Saudi companies (05/10/2023)

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Quotes

STC
45.18
0.26 0.58%
ETIHAD ETISALAT
67.75
0.80 1.19%
TAWUNIYA
136.20
3.20 2.41%
NADEC
20.84
0.02 0.10%
ACC
22.14
0.14 0.64%
QACCO
42.20
0.26 0.62%
SAUDI CEMENT
38.26
0.04 0.10%
SPCC
25.00
0.02 0.08%
YC
27.40
0.02 0.07%
YCC
16.21
0.10 0.62%
ALMARAI
49.58
0.00 0.00%
SAUDI CERAMICS
30.50
0.00 0.00%
SPIMACO
30.28
0.28 0.93%
SABIC
61.05
0.05 0.08%
SADAFCO
286.80
1.60 0.56%
SABIC AGRI-NUTRIENTS
122.60
(1.40) (1.13%)
SAVOLA GROUP
24.63
0.38 1.57%
SISCO HOLDING
36.52
0.22 0.61%
YANSAB
34.50
(0.08) (0.23%)
JARIR
14.20
(0.03) (0.21%)
ALDREES
153.30
2.70 1.79%
SIPCHEM
18.90
(0.18) (0.94%)
BUPA ARABIA
164.00
11.80 7.75%
A.OTHAIM MARKET
7.62
0.03 0.40%
CENOMI RETAIL
24.11
0.91 3.92%
ADVANCED
37.80
(0.56) (1.46%)
NAJRAN CEMENT
7.53
0.02 0.27%
ZAIN KSA
11.49
0.17 1.50%
ASTRA INDUSTRIAL
149.00
1.20 0.81%
DALLAH HEALTH
154.00
1.50 0.98%
GIG
25.26
0.16 0.64%
MOUWASAT
76.85
1.25 1.65%
EXTRA
88.70
0.95 1.08%
BAWAN
56.60
(0.30) (0.53%)
CARE
177.40
0.40 0.23%
SOLUTIONS
251.80
2.10 0.84%
ALHAMMADI
34.92
0.32 0.92%
ALARABIA
118.60
1.50 1.28%
RIYADH CABLES
141.70
(0.80) (0.56%)
SULAIMAN ALHABIB
272.20
(1.20) (0.44%)
ARABIAN DRILLING
88.55
8.05 10.00%
SAUDI GERMAN HEALTH
51.15
0.15 0.29%
LEEJAM SPORTS
127.90
(0.10) (0.08%)
LUBEREF
96.45
(0.05) (0.05%)
BINDAWOOD
5.72
0.09 1.60%
MIS
150.50
0.00 0.00%
AWPT
150.50
(0.50) (0.33%)
TANMIAH
79.00
3.55 4.71%
EQUIPMENT HOUSE
39.18
0.54 1.40%
2P
10.21
0.09 0.89%
JAMJOOM PHARMA
156.00
2.60 1.69%


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