Ubhar Capital issues Q2 2024 earnings estimates

Ubhar Capital issued Q2 2024 earnings estimates for a number of Saudi banks and companies under coverage.

 

The brokerage expects Al Rajhi Bank to post a 7% rise YoY in its Q2 net profit to SAR 4.45 billion and Saudi Basic Industries Corp. (SABIC) to generate SAR 285 million in net profit during the three-month period.

 

Ubhar Capital's Q2 2024 Earnings Forecasts (SAR mln)

Company

Q2 2024

Change YoY

Banking

SNB

5,090.0

+1%

Al Rajhi Bank

4,448.8

+7%

SAB

1,906.0

+23%

Basic Materials​

SABIC

285.0

(76%)

Sipchem

177.5

(43%)

Tasnee

3.8

(88%)

Advanced

36.2

(40%)

Yansab

88.8

+224%

SIIG

35.9

(70%)

SABIC Agri-Nutrients

796.6

+22%

Maaden

843.3

+140%

Cement

Yamama Cement

102.8

+5%

Saudi Cement

107.3

+26%

City Cement

39.7

+63%

Qassim Cement

69.8

+83%

Telecommunications

Stc

3,499.7

+16%

Mobily

656.7

+32%

Insurance

Bupa Arabia

397.7

+7%

Tawuniya

305.6

+24%

Healthcare

Sulaiman Al Habib

519.3

+7%

Mouwasat

167.2

+11%

Dallah Healthcare

75.9

+43%

Al Hammadi

123.1

+50%

IT

solutions

434.7

+28%

MIS

23.3

(53%)

Food and Staples Retailing

Jarir

146.0

(6%)

SADAFCO

114.5

+5%

Almarai

641.2

+15%

BinDawood Holding

65.8

(5%)

Al Othaim

62.5

(55%)

Cenomi Centers

387.9

+15%

Leejam Sports

79.8

+10%

Other Sectors

Ataa Educational*

26.6

+1%
*Different fiscal year
Ubhar Capital - Q2 earnings forecasts 04/07/2024

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Quotes

STC
42.50
(0.16) (0.38%)
ETIHAD ETISALAT
61.85
(0.95) (1.51%)
TAWUNIYA
120.00
(0.50) (0.41%)
ALRAJHI
96.80
0.95 0.99%
SAB
30.76
0.14 0.46%
QACCO
42.02
0.10 0.24%
SAUDI CEMENT
36.20
(0.14) (0.39%)
YC
22.70
(0.50) (2.16%)
ALMARAI
44.40
(0.30) (0.67%)
TASNEE
9.66
(0.33) (3.30%)
SABIC
54.00
(1.15) (2.09%)
SADAFCO
240.80
1.00 0.42%
SABIC AGRI-NUTRIENTS
116.30
(0.20) (0.17%)
SIIG
14.07
(0.33) (2.29%)
YANSAB
30.30
(0.16) (0.53%)
JARIR
12.38
(0.32) (2.52%)
SIPCHEM
16.64
(0.16) (0.95%)
MAADEN
59.65
(1.35) (2.21%)
BUPA ARABIA
146.10
(0.90) (0.61%)
A.OTHAIM MARKET
6.75
(0.05) (0.74%)
ADVANCED
31.62
(0.06) (0.19%)
CITY CEMENT
12.69
(0.05) (0.39%)
DALLAH HEALTH
125.10
(4.90) (3.77%)
MOUWASAT
68.00
(1.40) (2.02%)
SOLUTIONS
225.00
0.20 0.09%
SNB
36.74
(0.16) (0.43%)
ALHAMMADI
29.50
(0.28) (0.94%)
SULAIMAN ALHABIB
245.00
3.20 1.32%
LEEJAM SPORTS
112.20
(2.10) (1.84%)
CENOMI CENTERS
19.80
(0.15) (0.75%)
ATAA
60.05
(0.95) (1.56%)
BINDAWOOD
4.80
(0.18) (3.61%)
MIS
159.00
(0.80) (0.50%)


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