NCB Capital has issued a Q4 net profit forecast for 41 listed Saudi companies under its coverage.
Saudi Basic Industries Corp.’s (SABIC) fourth-quarter profit is expected to jump 73.5 percent year-on-year (YoY) to SAR 5.34 billion in the fourth quarter.
Al Rajhi Bank’s profit is projected to increase 11 percent YoY to SAR 2.16 billion in the period, while Saudi Telecom’s (STC) net income will rise 10 percent to SAR 2.25 billion.
In the agriculture and retail sector, Almarai’s Q4 profit is seen rising 12 percent to SAR 540 million.
|
NCB Capital Profit Estimates (SAR mln) |
||
|
YoY Variation |
Q4-2016 estimates |
Company |
|
Banking Sector |
||
|
+11% |
2,158 |
Al Rajhi Bank |
|
+7% |
1,020 |
Banque Saudi Fransi |
|
-- |
849 |
Riyad Bank |
|
+18% |
1,108 |
SABB |
|
+13% |
257 |
Saudi Investment Bank |
|
+9% |
1,338 |
Samba |
|
(5%) |
429 |
Alawwal Bank |
|
+15% |
683 |
Arab National Bank |
|
+18% |
241 |
Bank Albilad |
|
+2% |
163 |
Aljazira Bank |
|
Petrochemicals Sector |
||
|
+74% |
5,335 |
Sabic |
|
(92%) |
4.3 |
SIIG |
|
+75% |
690 |
Yansab |
|
+36% |
198 |
Advanced Petrochemical |
|
-- |
137 |
Tasnee |
|
+89% |
49 |
Sipchem |
|
-- |
103 |
Sahara Petrochemicals |
|
(26%) |
280 |
SAFCO |
|
-- |
106 |
Saudi Kayan |
|
-- |
(93) |
Petrochem |
|
Telecommunications Sector |
||
|
+10% |
2,149 |
STC |
|
-- |
(101) |
Mobily |
|
-- |
(163) |
Zain |
|
Cement Sector |
||
|
(53%) |
99 |
Yanbu Cement |
|
(16%) |
150 |
Yamama Cement |
|
(29%) |
66 |
Eastern Province Cement |
|
(3%) |
170 |
Saudi Cement |
|
(39%) |
181 |
Southern Province Cement |
|
(34%) |
93 |
Qassim Cement |
|
Real Estate Sector |
||
|
+31% |
64 |
Dar Alarkan |
|
+4% |
79 |
Taiba |
|
(16%) |
25 |
Al Akaria |
|
Agriculture and Retail Sector |
||
|
+12% |
540 |
Almarai |
|
(91%) |
46 |
Savola |
|
(30%) |
6.4 |
eXtra |
|
(59%) |
37 |
Al Hokair |
|
-- |
(22) |
Shaker |
|
-- |
209 |
Jarir |
|
(14%) |
77 |
Al Othaim |
|
Other Sectors |
||
|
-- |
(1,037) |
Saudi Electricity |
|
-- |
6 |
Saudi Steel Pipe |
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