SNB Capital issues Q3 2023 earnings estimates

SNB Capital issued Q3 2023 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

Below is the list of SNB Capital’s third-quarter estimates for banks and firms under its coverage: 

 

Q3 2023 Profit Forecasts

Company

Q3 2023

YoY Change 

Petrochemicals

SABIC*

(366)

--

SIIG

167

+205%

Yansab

(104)

--

Advanced

86

+219%

Tasnee

94.4

+451%

Sipchem

350

(55%)

SABIC AN

1,000

(57%)

Saudi Kayan

(251)

--

Arabian Drilling

163

(24%)

Luberef

326

(31%)

Banks

Al Rajhi Bank

4,204

(3%)

Alinma Bank

1,269

+28%

Banque Saudi Fransi

1,114

+16%

Bank Albilad

581

+7%

Riyad Bank

2,024

+11%

Bank AlJazira

268

+15%

Telecommunication Services

stc

4131

+17%

Mobily

454

+22%

Zain KSA

167

+96%

solutions

345

+15%

Healthcare

Saudi German Health

97.3

+776%

Mouwasat

137

+12%

Al Hammadi

60.2

+5%

Sulaiman Al Habib

494

+17%

Dallah

70

+60%

Tourism

SGS

46.1

--

Saudi Catering

57.8

(19%)

Seera

68.1

+27%

Retail

Leejam

78.2

+15%

eXtra

87.8

(7%)

Cenomi Retail

60.4

+173%

Shaker

11.3

--

Jarir

274

+0.2%

BinDawood Holding

50.5

--

Al Othaim

54.9

(93%)

Nahdi

254

+0.2%

Americana**

94.6

+24%

Aldawaa

76.3

+58%

Cement

Arabian Cement

36.3

(38%)

Yamama Cement

84.3

(17%)

Eastern Cement

48.5

+161%

Qassim Cement

40.2

+72%

Southern Cement

41.9

(53%)

Saudi Cement

76.1

(6%)

Yanbu Cement

41.2

(41%)

Real Estate

Dar Al Arkan

137.2

+73%

Taiba

63.3

+48%

Other Sectors

SEC***

4,977

(22%)

Saudi Pipe

63.5

+278%

Savola

181

+11%

Tadawul Group

116

+30%

First Mills

44.9

(29%)
*SABIC’s results include a SAR 2.25 bln financial impact of Hadeed 

**Americana profit in US dollar

***Profit before Mudaraba instruments

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Quotes

STC
43.08
(0.24) (0.55%)
ETIHAD ETISALAT
63.90
(0.80) (1.24%)
SAUDI ELECTRICITY
14.42
(0.06) (0.41%)
ALRAJHI
99.70
(1.60) (1.58%)
ALBILAD
27.20
(0.52) (1.88%)
BJAZ
11.77
(0.11) (0.93%)
RIBL
26.02
(0.10) (0.38%)
BSF
16.65
(0.15) (0.89%)
ACC
21.20
0.03 0.14%
EPCCO
23.56
0.16 0.68%
QACCO
42.30
0.70 1.68%
SAUDI CEMENT
37.38
0.14 0.38%
SPCC
23.48
0.25 1.08%
YC
23.77
(0.04) (0.17%)
YCC
15.58
0.03 0.19%
TASNEE
10.60
(0.06) (0.56%)
SABIC
56.75
(0.65) (1.13%)
SABIC AGRI-NUTRIENTS
118.50
(0.60) (0.50%)
SAVOLA GROUP
26.60
(0.20) (0.75%)
SIIG
15.29
(0.05) (0.33%)
YANSAB
31.24
(0.10) (0.32%)
JARIR
13.26
0.06 0.45%
TAIBA
34.20
(1.88) (5.21%)
SIPCHEM
17.22
(0.14) (0.81%)
SAUDI KAYAN
5.59
0.02 0.36%
ALINMA
24.71
(0.23) (0.92%)
SEERA
29.88
0.06 0.20%
A.OTHAIM MARKET
6.95
0.00 0.00%
CENOMI RETAIL
23.50
(0.12) (0.51%)
DAR ALARKAN
15.90
(0.54) (3.28%)
ADVANCED
33.44
(1.44) (4.13%)
ZAIN KSA
10.80
(0.08) (0.74%)
DALLAH HEALTH
143.90
(1.00) (0.69%)
MOUWASAT
70.70
(0.75) (1.05%)
SSP
46.64
(0.36) (0.77%)
SHAKER
23.42
(0.49) (2.05%)
CATRION
87.50
(2.50) (2.78%)
EXTRA
92.15
0.90 0.99%
SOLUTIONS
224.10
(3.80) (1.67%)
SGS
41.70
(0.26) (0.62%)
ALHAMMADI
30.38
(0.60) (1.94%)
ALDAWAA
61.45
0.55 0.90%
TADAWUL GROUP
188.20
(3.70) (1.93%)
SULAIMAN ALHABIB
250.00
(9.40) (3.62%)
ARABIAN DRILLING
94.50
1.35 1.45%
SAUDI GERMAN HEALTH
41.96
(0.78) (1.83%)
LEEJAM SPORTS
113.60
(2.90) (2.49%)
LUBEREF
88.00
(0.65) (0.73%)
BINDAWOOD
5.18
(0.03) (0.58%)
NAHDI
108.50
(0.30) (0.28%)
AMERICANA
1.86
(0.03) (1.59%)
FIRST MILLS
50.90
0.10 0.20%


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