Alistithmar Cap issues Q4 profit forecasts; SABIC estimated to rise 18%

02/01/2018 Argaam

Alistithmar Capital has issued Q4 2017 earnings forecasts for several Tadawul-listed companies under its coverage.

Saudi Basic Industries Corp. (SABIC ) is expected to report a year-on-year (YoY) profit growth of 18 percent to SAR 5.38 billion in Q4.

In the banking sector, Al Rajhi Bank and the National Commercial Bank are projected to register profit increases of 13 percent and 4 percent YoY respectively.

Riyad Bank is seen to record the biggest profit surge of 201 percent YoY to SAR 883.18 million. 

Meanwhile, the National Shipping Co. of Saudi Arabia’s (Bahri) Q4 profit is likely to plunge 66 percent YoY to SAR 111.4 million, Alistithmar Capital said.

Alistithmar Capital Q4 2017 profit estimates (SAR mln)

Company

Estimate

YoY change

Energy

Bahri

111.44

(66%)

Basic materials

SABIC

5,379.10

+18%

Safco

313.55

+10%

Yansab

623.14

+3%

Advanced

188.26

(10%)

Saudi Cement

101.14

(46%)

Qassim Cement

54.50

(39%)

Arabian Cement

29.10

+21%

SPCC

67.94

(57%)

Yamama Cement

34.49

(20%)

Yanbu Cement

55.94

(44%)

Commercial & Professional Services

Catering

101.35

(3%)

Consumer Services

Al Tayyar

101.35

(30%)

Retail

Jarir

239.11

+11%

Food Retail

Al Othaim

117.90

+25%

Food Manufacturing

Herfy

48.62

(12%)

Almarai

546.37

+12%

Healthcare

Mouwasat

96.30

+33%

Dallah

86.81

+67%

Care

24.26

--

Al Hammadi

29.20

+172%

Telecom

STC

2,431.50

+13%

Banks

Riyad

883.18

+201%

Aljazira

233.91

+53%

Alawwal

278.14

--

BSF

876.61

+134%

SABB

993.15

+64%

ANB

706.40

+25%

SAMBA

1,164.26

+7%

Al Rajhi

2,307.36

+13%

Albilad

252.38

+14%

Alinma

598.98

+53%

NCB

2,385.40

+4%


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