Osool and Bakheet Investment Co. has issued Q4 2017 earnings estimates for several Tadawul-listed companies under its coverage.
Saudi Basic Industries Corp. (SABIC) is expected to report a year-on-year (YoY) profit increase of 20 percent to SAR 5.45 billion in Q4.
In the banking sector, Al Rajhi Bank's fourth-quarter net profit is likely to jump 17 percent YoY. Riyad Bank and Banque Saudi Fransi are projected to record the biggest profit growth at 190 percent and 158 percent YoY, respectively.
Al Hammadi Company for Development and Investment is forecast to outperform sector peers with a 156 percent YoY profit surge in the same period.
Elsewhere, Abdullah Al Othaim Markets Co.'s net earnings is seen 24 percent higher YoY.
|
Osool & Bakheet Profit Estimates (SAR mln) |
||
|
Company |
Q4 2017E |
YoY Variance |
|
Banks |
||
|
Riyad Bank |
850.0 |
+190% |
|
Bank Aljazira |
206.7 |
+36% |
|
SAIB |
250.0 |
(17%) |
|
Alawwal |
250.0 |
-- |
|
Banque Saudi Fransi |
965.7 |
+158% |
|
SABB |
957.2 |
+58% |
|
ANB |
756.8 |
+34% |
|
Samba |
1131.2 |
+4% |
|
Al Rajhi |
2400.0 |
+17% |
|
Albilad |
239.3 |
+8% |
|
Alinma |
542.3 |
+39% |
|
NCB |
2349.6 |
+3% |
|
Capital Goods |
||
|
Al-Babtain |
37.9 |
%6+ |
|
Consumer Services |
||
|
Herfy Foods |
52.7 |
(5%) |
|
Al Tayyar |
170.2 |
18%+ |
|
Retail |
||
|
Al Othaim |
116.7 |
24%+ |
|
Foodstuffs |
||
|
Almarai |
513.0 |
5%+ |
|
Healthcare |
||
|
Mouwasat |
90.3 |
25%+ |
|
Care |
29.2 |
-- |
|
Al Hammadi |
27.5 |
156%+ |
|
Saudi German |
58.3 |
(34%) |
|
Dallah |
93.2 |
79%+ |
|
Insurance |
||
|
Tawuniya |
157.0 |
(18%) |
|
Bupa Arabia |
99.1 |
(5%) |
|
Basic Materials |
||
|
Tasnee |
176.6 |
43%+ |
|
SABIC |
5456.0 |
20%+ |
|
SAFCO |
268.2 |
(6%) |
|
Alujain |
41.4 |
16%+ |
|
SIIG |
220.0 |
-- |
|
Advanced |
218.8 |
4%+ |
|
Sahara |
138.7 |
(13%) |
|
Yansab |
614.2 |
%2+ |
|
Sipchem |
120.0 |
129%+ |
|
Petrochem |
200.0 |
-- |
|
Yamama Cement |
33.5 |
(23%) |
|
Arabian Cement |
33.9 |
41%+ |
|
Saudi Cement |
100.5 |
(46%) |
|
Qassim Cement |
58.8 |
(34%) |
|
Southern Cement |
66.1 |
(58%) |
|
City Cement |
22.1 |
(51%) |
|
Umm Al-Qura |
5.9 |
324%+ |
|
Northern Cement |
14.4 |
(15%) |
|
Al-Jouf Cement |
6.7 |
(31%) |
|
Mepco |
25.5 |
-- |
|
Pharmaceuticals |
||
|
SPIMACO |
34.0 |
(84%) |
|
Real Estate |
||
|
Taiba Holding |
46.3 |
(16%) |
|
Arriyadh Development |
43.9 |
16%+ |
|
Alandalus Property |
245.0 |
895%+ |
|
Retail - Discretionary goods |
||
|
Jarir |
242.6 |
13%+ |
|
SACO |
44.6 |
8%+ |
|
Energy |
||
|
Aldrees |
11.3 |
(24%) |
|
Transport |
||
|
Ground Services |
149.3 |
48%+ |
|
Budget |
42.4 |
21%+ |
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