SNB Capital issues Q1 2024 earnings estimates
SNB Capital issued Q1 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
Below is the list of SNB Capital’s first-quarter estimates for banks and firms under its coverage:
|
SNB Capital's Forecasts for Q1 2024 Profit (SAR mln) |
||
|
Company |
Q1 2024 (Projected) |
YoY Change |
|
Petrochemicals |
||
|
SABIC |
480.0 |
(27%) |
|
SIIG |
23.7 |
-- |
|
Yansab |
90.0 |
-- |
|
Advanced |
9.9 |
(77%) |
|
Tasnee |
67.3 |
(18%) |
|
Sipchem |
169.0 |
(64%) |
|
SABIC Agri-Nutrients |
696.0 |
(29%) |
|
Saudi Kayan |
(477.0) |
-- |
|
Arabian Drilling |
187.0 |
+32% |
|
Luberef |
246.0 |
(45%) |
|
ADES |
194.0 |
+210% |
|
Banks |
||
|
Al Rajhi Bank |
4428.0 |
+7% |
|
Alinma Bank |
1393.0 |
+44% |
|
BSF |
1125.0 |
+5% |
|
Bank Albilad |
612.0 |
+9% |
|
Riyad Bank |
2153.0 |
+7% |
|
Bank AlJazira |
283.0 |
+39% |
|
Telecommunications |
||
|
stc |
2892.0 |
(7%) |
|
Mobily |
549.0 |
+18% |
|
Zain KSA |
28.8 |
(95%) |
|
solutions |
350.0 |
+15% |
|
Healthcare |
||
|
Saudi German Health |
52.9 |
+6% |
|
Mouwasat |
209.0 |
+25% |
|
Al Hammadi |
80.0 |
(2%) |
|
Sulaiman Al Habib |
549.0 |
+12% |
|
Dallah |
111.0 |
+17% |
|
Tourism |
||
|
SGS |
70.5 |
+76% |
|
CATRION |
78.7 |
+38% |
|
Seera |
59.7 |
+8% |
|
Retail |
||
|
Leejam Sports |
75.2 |
+20% |
|
eXtra |
88.0 |
+4% |
|
Shaker |
28.6 |
(1%) |
|
Jarir |
261.0 |
+5% |
|
BinDawood Holding |
60.0 |
+17% |
|
Al Othaim |
130.0 |
+8% |
|
Nahdi |
249.0 |
+2% |
|
Americana* |
40.8 |
(30%) |
|
Aldawaa |
83.7 |
+10% |
|
Cement |
||
|
Arabian Cement |
48.1 |
(2%) |
|
Yamama Cement |
77.9 |
(31%) |
|
Eastern Cement |
58.4 |
+5% |
|
Qassim Cement |
43.4 |
(21%) |
|
Southern Cement |
30.2 |
(38%) |
|
Saudi Cement |
88.1 |
(29%) |
|
Yanbu Cement |
33.1 |
(35%) |
|
Riyadh Cement |
45.4 |
-- |
|
Real Estate |
||
|
Dar Al Arkan |
122.0 |
+4% |
|
Taiba |
68.8 |
+11% |
|
Food & Beverages |
||
|
Almarai |
642.0 |
+1% |
|
Savola |
267.0 |
(32%) |
|
First Mills |
67.6 |
(8%) |
|
Car Rental |
||
|
Lumi |
44.8 |
(11%) |
|
Budget Saudi |
75.7 |
+9% |
|
Theeb |
41.4 |
(2%) |
|
SAL |
211.0 |
+103% |
|
Others |
||
|
SEC** |
530.0 |
+10% |
|
Tadawul Group |
166.0 |
+83% |
|
Saudi Steel Pipe |
49.1 |
+671% |
**Profit before Mudaraba gains