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Tadawul trading screen
Ubhar Capital issued Q3 2023 earnings forecasts for a number of Saudi banks and companies under coverage.
Saudi Basic Industries Corp. (SABIC) is expected to record a profit drop of 39% year-on-year (YoY) to SAR 1.12 billion. Al Rajhi Bank’s third-quarter earnings are projected to decline 8% YoY to SAR 4 billion.
The following are the brokerage’s Q3 2023 earnings forecasts:
|
Q3 2023 Earnings Forecasts for Companies, Banks (SAR mln) |
||
|
Company |
Q3 2023 estimates |
YoY |
|
Banks |
||
|
SNB |
4582.0 |
(1%) |
|
Al Rajhi Bank |
3995.0 |
(8%) |
|
SAB |
1576.0 |
+13% |
|
Materials |
||
|
SABIC |
1117.0 |
(39%) |
|
Sipchem |
344.9 |
(55%) |
|
Tasnee |
44.5 |
+160% |
|
Advanced |
94.9 |
+252% |
|
Yansab |
(17.0) |
-- |
|
SIIG |
130.0 |
+137% |
|
Maaden |
711.3 |
(66%) |
|
SABIC Agri-Nutrients |
974.0 |
(58%) |
|
Cement |
||
|
Yamama Cement |
89.8 |
(11%) |
|
Saudi Cement |
88.9 |
+10% |
|
City Cement |
32.8 |
+30% |
|
Qassim Cement |
47.9 |
+105% |
|
Telecommunications |
||
|
stc |
3582.3 |
+1% |
|
Mobily |
509.0 |
+36% |
|
Insurance |
||
|
Bupa Arabia |
400.9 |
+25% |
|
Tawuniya |
268.6 |
+132% |
|
Healthcare |
||
|
Sulaiman Al Habib |
480.5 |
+14% |
|
Mouwasat |
144.4 |
+18% |
|
Dallah Healthcare |
57.6 |
+31% |
|
Al Hammadi |
58.1 |
+2% |
|
IT |
||
|
solutions |
330.7 |
+10% |
|
MIS |
36.2 |
+44% |
|
Food Retailing |
||
|
Jarir |
286.4 |
+5% |
|
SADAFCO* |
120.3 |
+41% |
|
BinDawood Holding |
39.0 |
-- |
|
Al Othaim |
35.3 |
(95%) |
|
Cenomi Centres |
255.1 |
+4% |
|
Leejam |
66.9 |
(2%) |
|
Other Sectors |
||
|
Ataa Educational* |
21.1 |
-- |
*Different fiscal year
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