Albilad Capital has issued its fourth-quarter issued forecasts for 28 Tadawul-listed companies under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to stand out among industry peers with a 75 percent jump year-on-year (YoY) in net profit to SAR 5.4 billion in Q4-2016, 75
Yansab, which is 51 percent-owned by SABIC, will likely post a net profit of SAR 635 million, up 62 percent YoY.
Al-Rajhi Bank’s profit is seen rising 7 percent higher YoY to SAR 2.1 billion in the same period.
Saudi Telecom Co. (STC) is projected to post a 2 percent YoY decline in net profit to SAR 1.9 billion.
Saudi Cement Co. is forecast to report a 22 percent increase YoY in net profit to SAR 219 million.
Yamama Cement will likely see the biggest profit fall of 41 percent YoY in the fourth quarter.
Savola Group’s profit is projected to record the biggest profit drop of 81 percent YoY among companies under Albilad’s coverage.
United Electronics Co.’s (eXtra) profit is forecast to surge by 98 percent YoY.
|
Albilad Capital Q4-2016 profit estimates (SAR mln) |
||
|
Company |
Q4-2016 estimates |
YoY Variation |
|
Bank AlJazira |
157 |
(1%) |
|
Al Rajhi Bank |
2,086 |
+7% |
|
Alinma Bank |
409 |
+6% |
|
SABIC |
5,370 |
+75% |
|
SAFCO |
258 |
(32%) |
|
Yansab |
635 |
+62% |
|
Advanced |
197 |
+35% |
|
Yamama Cement |
107 |
(41%) |
|
Saudi Cement |
219 |
+22% |
|
Yanbu Cement |
187 |
(11%) |
|
Al-Othaim |
91 |
+2% |
|
Mouwasat |
60 |
+12% |
|
eXtra |
18 |
+98% |
|
Dallah |
63 |
+15% |
|
CARE |
41 |
+16% |
|
Farm Superstores |
20 |
+3% |
|
Al-Hammadi |
31 |
(13%) |
|
Jarir |
197 |
(5%) |
|
Savola |
98 |
(81%) |
|
Almarai |
521 |
+8% |
|
Herfy |
52 |
+15% |
|
Saudi Catering |
150 |
(21%) |
|
Nadec |
30 |
(13%) |
|
STC |
1,919 |
(2%) |
|
Mobily |
(102) |
-- |
|
Zain Saudi |
(108) |
-- |
|
Maaden |
71 |
-- |
|
Bahri |
431 |
(24%) |
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