Al Rajhi Capital issues Q4 2023 earnings forecasts
Al Rajhi Capital issued Q4 2023 earnings forecasts for a number of companies under its coverage.
The brokerage expected Saudi Basic Industries Corp. (SABIC) to report a profit decline to SAR 704 million in Q4 2023, compared to a year earlier period.
|
Q4 2023 earnings forecasts (SAR mln) |
||
|
Company |
Q4 2023 (expected) |
Change YoY |
|
|
Petrochemicals |
|
|
SABIC**** |
704 |
(25%) |
|
SIPCHEM |
229 |
(52%) |
|
SABIC AN |
852 |
(61%) |
|
Yansab |
3 |
-- |
|
Advanced |
10 |
-- |
|
|
Cement |
|
|
Arabian Cement |
18 |
(49%) |
|
Yamama Cement |
80 |
(40%) |
|
Saudi Cement |
101 |
(35%) |
|
Qassim Cement |
60 |
+13% |
|
Yanbu Cement |
3 |
(95%) |
|
Southern Cement |
58 |
(7%) |
|
Najran Cement |
13 |
(74%) |
|
|
Telecoms |
|
|
stc |
2692 |
(2%) |
|
Mobily |
608 |
+0.4% |
|
Zain KSA |
156 |
(38%) |
|
|
Food & Agriculture |
|
|
Almarai |
373 |
+5% |
|
SADAFCO* |
122 |
+55% |
|
Savola |
107 |
+13% |
|
NADEC |
76 |
+203% |
|
Tanmiah |
23 |
(81%) |
|
|
Retail |
|
|
Jarir |
258 |
(4%) |
|
Cenomi Retail |
(61) |
-- |
|
Al Othaim |
170 |
(1%) |
|
BinDawood Holding |
85 |
+44% |
|
|
Healthcare |
|
|
Dallah Healthcare |
89 |
+13% |
|
Mouwasat |
181 |
+1% |
|
Care |
63 |
+14% |
|
Al Hammadi |
78 |
+7% |
|
Sulaiman Al Habib |
513 |
+16% |
|
Saudi German Health |
58 |
+75% |
|
|
Pharmaceuticals |
|
|
SPIMACO |
(20) |
-- |
|
Jamjoom Pharma |
40 |
+26% |
|
Astra |
86 |
-- |
|
|
Insurance |
|
|
Bupa Arabia** |
301 |
+57% |
|
Tawuniya** |
182 |
+165% |
|
GIG** |
21 |
+204% |
|
Malath |
11 |
+156% |
|
Walaa |
10 |
-- |
|
Saudi Re |
20 |
+817% |
|
|
Other Sectors |
|
|
Bawan |
40 |
+34% |
|
Saudi Ceramics |
7 |
(83%) |
|
Leejam |
124 |
+16% |
|
Equipment House |
14 |
-- |
|
Aldrees |
71 |
(1%) |
|
Arabian Drilling |
176 |
+29% |
|
ADES Holding |
142 |
(35%) |
|
Luberef |
322 |
(58%) |
|
solutions |
201 |
+2% |
|
MIS |
22 |
(55%) |
|
2P |
48 |
+3% |
|
TAM*** |
31 |
+22% |
|
Alkhorayef |
47 |
+70% |
|
SISCO |
19 |
+3% |
|
SAL |
126 |
+11% |
|
Jahez*** |
76 |
+11% |
|
Lumi |
61 |
+48% |
|
Al Arabia |
100 |
+23% |
|
Tadawul |
108 |
+89% |
|
Riyadh Cables |
142 |
+34% |
**Insurance figures not amended in line with IFRS 17
***Nomu
****Excluding one-offs