-
Bank Ranking
Banks Ratios
Cement Statistics
Cement Ranking
Cement Ratios
Monetary and Economic Statistics
Oil, Gas and Fuel
Macro Economy
Consumer Spending
Inflation
Exports & Imports
Food Prices
Non Food Prices
Construction Materials
Petrochem. Ranking
Petrochem. Ratios
Retail Rankings
Retail Ratios
Grocery Ranking
Grocery Ratios
Top Growth
Dividend History
Riyad Cap issues Q3 profit estimates, SABIC seen 28% lower
AI Summary
Content Summary: 
Riyad Capital has issued its Q3 2017 earnings forecasts for several Tadawul-listed companies under its coverage.
Petrochemical giant Saudi Basic Industries Corporation (SABIC) is expected to record a 28 percent year-on-year (YoY) fall in net income to SAR 3.77 billion.
Saudi International Petrochemical Co. (Sipchem) will likely outperform sector peers, with a profit surge of 244 percent YoY.
Alinma Bank and Al Rajhi Bank are projected to see profit increases by 46 percent and 8 percent YoY, respectively.
Saudi Telecom Co. (STC), the Kingdom’s largest telecom operator, is expected to report a 9 percent YoY rise in its net profit to SAR 2.34 billion for the same period.
The outlook was negative for all cement producers under coverage, dragged by Yamama Cement with a profit drop of 66 percent YoY.
Earnings of Saudi juice and dairy producer Almarai are likely to decline by 9 percent YoY in Q3.
In the building materials sector, profit of the National Co. for Glass Industries (Zoujaj) is forecast to jump six times to SAR 22 million.
|
Riyad Capital Q3 Forecasts (SAR mln) |
||
|
Company |
Estimates |
YoY Variation |
|
|
Cement |
|
|
Yamama Cement |
19 |
(66%) |
|
Yanbu Cement |
64 |
(31%) |
|
Qassim Cement |
50 |
(29%) |
|
Southern Cement |
83 |
(52%) |
|
Saudi Cement |
81 |
(57%) |
|
|
Petrochemicals |
|
|
Petrochem |
170 |
(11%) |
|
SABIC |
3,767 |
(28%) |
|
SAFCO |
192 |
6% |
|
SIIG |
208 |
28% |
|
Sahara |
98 |
(7%) |
|
Yansab |
592 |
(3%) |
|
SIPCHEM |
85 |
NM |
|
Kayan |
187 |
4% |
|
Petro Rabigh |
(20) |
20% |
|
Banks |
||
|
Alawwal |
309 |
19% |
|
BSF |
1,006 |
0% |
|
SABB |
1,071 |
8% |
|
ANB |
798 |
10% |
|
Samba |
1,253 |
15% |
|
Albilad |
275 |
21% |
|
Al Rajhi |
2,177 |
8% |
|
Alinma |
456 |
46% |
|
Retail |
||
|
Almarai |
596 |
9% |
|
Telecom |
||
|
STC |
2,339 |
9% |
|
Mobily |
(190) |
13% |
|
Zain Saudi |
(7) |
(98%) |
|
Building Materials |
||
|
Saudi Ceramic |
(4) |
109% |
|
Bawan |
10 |
(55%) |
|
Aslak |
1 |
(93%) |
|
Zoujaj |
22 |
450% |
|
Riyad Capital Recommendations |
||||
|
Company |
Recommendation |
Target price (SAR/share) |
||
|
Previous |
New |
Previous |
New |
|
|
Cement |
||||
|
Yamama Cement |
Neutral |
Neutral |
16.00 |
16.00 |
|
Yanbu Cement |
Neutral |
Neutral |
31.00 |
31.00 |
|
Qassim Cement |
Neutral |
Neutral |
53.00 |
53.00 |
|
Southern Cement |
Neutral |
Neutral |
56.00 |
56.00 |
|
Saudi Cement |
Neutral |
Neutral |
53.00 |
53.00 |
|
Petrochemicals |
||||
|
Petrochem |
Neutral |
Neutral |
19.00 |
19.00 |
|
SABIC |
Neutral |
Neutral |
98.00 |
98.00 |
|
SAFCO |
Neutral |
Neutral |
65.00 |
65.00 |
|
SIIG |
Buy |
Buy |
21.00 |
21.00 |
|
Sahara |
Buy |
Buy |
15.00 |
15.00 |
|
Yansab |
Neutral |
Neutral |
53.00 |
53.00 |
|
SIPCHEM |
Buy |
Buy |
18.50 |
18.50 |
|
Advanced |
Neutral |
Neutral |
46.00 |
46.00 |
|
Kayan |
Neutral |
Neutral |
10.00 |
10.00 |
|
Petro Rabigh |
Neutral |
Neutral |
16.00 |
16.00 |
|
Telecom |
||||
|
STC |
Neutral |
Neutral |
73.00 |
73.00 |
|
Mobily |
Neutral |
Neutral |
26.00 |
26.00 |
|
Zain |
Buy |
Buy |
14.00 |
|
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}
Comments Analysis: