The brokerage issued third quarter profit forecasts for several Tadawul-listed companies, including Savola Group, Saudi Basic Industries Corp. (SABIC), Saudi Arabian Mining Company (Maaden), and National Commercial Bank (NCB).
Petrochemicals giant SABIC is likely to report SAR 4.1 billion in earnings during the third quarter, a 34 percent YOY decline, the group added.
Maaden is the biggest drag, with a projected 57 percent profit drop compared to the same period during the previous year.
National Commercial Bank is seen to post a 19 percent increase in Q3 profit, the report added.
|
Alistithmar Capital Estimates – Q3-2015 (SAR mln) |
||
|
YOY change |
Q3-2015 estimates |
Company |
|
+3% |
1,107 |
Riyad Bank |
|
+377% |
225 |
Bank Aljazira |
|
+15% |
530 |
Saudi Hollandi |
|
+7% |
987 |
BSF |
|
+9% |
1,155 |
SABB |
|
+8% |
803 |
ANB |
|
+5% |
1,336 |
Samba |
|
+9% |
1,806 |
Alrajhi |
|
+0.4% |
238 |
Albilad |
|
+10% |
363 |
Alinma |
|
+19% |
2,231 |
NCB |
|
(-34%) |
4,100 |
SABIC |
|
(-42%) |
532 |
SAFCO |
|
(-56%) |
305 |
Yansab |
|
(-24%) |
173 |
Advanced |
|
(-57%) |
209 |
Maaden |
|
+8% |
145 |
Arabian Cement |
|
+17% |
160 |
Yamama Cement |
|
(-4%) |
223 |
Saudi Cement |
|
+21% |
132 |
Qassim Cement |
|
(-21%) |
226 |
Southern Province Cement |
|
+7% |
175 |
Yanbu Cement |
|
(-3%) |
70 |
Al Mouwasat |
|
+20% |
30 |
Farm Superstores |
|
+2% |
43 |
Al Othaim |
|
+7% |
216 |
Jarir |
|
(-41%) |
412 |
Savola |
|
+36% |
65 |
Sadafco |
|
+12% |
606 |
Al Marai |
|
(-12%) |
50 |
Herfy |
|
+15% |
178 |
Catering |
|
+30% |
45 |
NADEC |
|
+16% |
43 |
Al Jouf Agriculture |
|
(-1%) |
3,354 |
STC |
|
-- |
(218) |
Zain |
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