Al Rajhi Capital issues Q4 2023 earnings forecasts

Al Rajhi Capital issued Q4 2023 earnings forecasts for a number of companies under its coverage.

 

The brokerage expected Saudi Basic Industries Corp. (SABIC) to report a profit decline to SAR 704 million in Q4 2023, compared to a year earlier period.

 

Q4 2023 earnings forecasts (SAR mln)

Company

Q4 2023 (expected)

Change YoY

 

Petrochemicals

 

SABIC****

704

(25%)

SIPCHEM

229

(52%)

SABIC AN

852

(61%)

Yansab

3

--

Advanced

10

--

 

Cement

 

Arabian Cement

18

(49%)

Yamama Cement

80

(40%)

Saudi Cement

101

(35%)

Qassim Cement

60

+13%

Yanbu Cement

3

(95%)

Southern Cement

58

(7%)

Najran Cement

13

(74%)

 

Telecoms

 

stc

2692

(2%)

Mobily

608

+0.4%

Zain KSA

156

(38%)

 

Food & Agriculture

 

Almarai

373

+5%

SADAFCO*

122

+55%

Savola

107

+13%

NADEC

76

+203%

Tanmiah

23

(81%)

 

Retail

 

Jarir

258

(4%)

Cenomi Retail

(61)

--

Al Othaim

170

(1%)

BinDawood Holding

85

+44%

 

Healthcare

 

Dallah Healthcare

89

+13%

Mouwasat

181

+1%

Care

63

+14%

Al Hammadi

78

+7%

Sulaiman Al Habib

513

+16%

Saudi German Health

58

+75%

 

Pharmaceuticals

 

SPIMACO

(20)

--

Jamjoom Pharma

40

+26%

Astra

86

--

 

Insurance

 

Bupa Arabia**

301

+57%

Tawuniya**

182

+165%

GIG**

21

+204%

Malath

11

+156%

Walaa

10

--

Saudi Re

20

+817%

 

Other Sectors

 

Bawan

40

+34%

Saudi Ceramics

7

(83%)

Leejam

124

+16%

Equipment House

14

--

Aldrees

71

(1%)

Arabian Drilling

176

+29%

ADES Holding

142

(35%)

Luberef

322

(58%)

solutions

201

+2%

MIS

22

(55%)

2P

48

+3%

TAM***

31

+22%

Alkhorayef

47

+70%

SISCO

19

+3%

SAL

126

+11%

Jahez***

76

+11%

Lumi

61

+48%

Al Arabia

100

+23%

Tadawul

108

+89%

Riyadh Cables

142

+34%
*Different fiscal year

**Insurance figures not amended in line with IFRS 17

***Nomu

****Excluding one-offs

Al Rajhi Capital - Q4 2023 earnings forecasts 08/01/2024

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Quotes

STC
43.32
(0.08) (0.18%)
ETIHAD ETISALAT
64.70
0.55 0.86%
TAWUNIYA
127.60
0.60 0.47%
NADEC
19.51
0.23 1.19%
ACC
21.17
0.07 0.33%
QACCO
41.60
(0.02) (0.05%)
SAUDI CEMENT
37.24
(0.14) (0.37%)
SPCC
23.23
(0.18) (0.77%)
YC
23.81
(0.15) (0.63%)
YCC
15.55
0.15 0.97%
ALMARAI
47.26
1.04 2.25%
SAUDI CERAMICS
29.00
0.44 1.54%
SPIMACO
30.28
0.78 2.64%
SABIC
57.40
0.70 1.23%
SADAFCO
246.00
(0.90) (0.36%)
SABIC AGRI-NUTRIENTS
119.10
0.30 0.25%
SAVOLA GROUP
26.80
0.70 2.68%
YANSAB
31.34
0.32 1.03%
JARIR
13.20
(0.10) (0.75%)
ALDREES
136.40
1.40 1.04%
SIPCHEM
17.36
0.16 0.93%
BUPA ARABIA
153.50
0.50 0.33%
A.OTHAIM MARKET
6.95
0.00 0.00%
CENOMI RETAIL
23.62
0.95 4.19%
MALATH INSURANCE
11.00
(0.03) (0.27%)
ADVANCED
34.88
0.38 1.10%
WALAA
12.55
(0.48) (3.68%)
NAJRAN CEMENT
7.03
(0.02) (0.28%)
ZAIN KSA
10.88
0.03 0.28%
ASTRA INDUSTRIAL
140.50
(1.50) (1.06%)
SAUDI RE
30.40
(0.34) (1.11%)
DALLAH HEALTH
144.90
0.00 0.00%
GIG
24.05
(0.04) (0.17%)
MOUWASAT
71.45
1.25 1.78%
BAWAN
51.10
0.00 0.00%
CARE
153.30
0.50 0.33%
SOLUTIONS
227.90
(1.90) (0.83%)
LUMI
55.20
0.20 0.36%
ALHAMMADI
30.98
1.44 4.87%
TADAWUL GROUP
191.90
1.70 0.89%
ALARABIA
107.40
2.60 2.48%
RIYADH CABLES
133.00
(0.90) (0.67%)
SULAIMAN ALHABIB
259.40
2.20 0.86%
ARABIAN DRILLING
93.15
1.10 1.20%
SAUDI GERMAN HEALTH
42.74
1.24 2.99%
LEEJAM SPORTS
116.50
(1.40) (1.19%)
LUBEREF
88.65
(0.35) (0.39%)
Al Aziziah REIT
4.26
0.09 2.16%
BINDAWOOD
5.21
(0.06) (1.14%)
MIS
141.70
(0.80) (0.56%)
SAL
167.20
1.60 0.97%
JAHEZ
17.08
0.64 3.89%
TANMIAH
64.20
2.00 3.22%
EQUIPMENT HOUSE
34.90
0.14 0.40%
ADES
16.96
(0.19) (1.11%)
2P
9.00
0.43 5.02%
JAMJOOM PHARMA
150.20
3.10 2.11%
TAM DEVELOPMENT
92.00
0.00 0.00%


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