AlJazira Capital issues Q3 2023 earnings forecast

Tadawul trading screen

AlJazira Capital published its Q3 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank leading the list.

 

Al Rajhi Bank’s earnings are forecast to retreat 5% year-on-year (YoY) to SAR 4.16 billion in Q3 2023. 

 

Giant petrochemical producer, SABIC is likely to report a profit drop to SAR 708 million.  

  

The below table illustrates AlJazira Capital’s Q3 2023 estimates for a number of banks and firms under coverage:

 

Q3 2023 Forecasts (SAR mln)

Company

Q3 2023 Estimates

YoY Change

Banking Sector

Al Rajhi Bank

4158

(5%)

Alinma Bank

1280

+29%

Bank Albilad

597

+10%

Telecommunication Sector

stc

4089

+16%

Mobily

492

+32%

Zain KSA

113

+33%

Materials Sector

SABIC

708

(61%)

Tasnee

107.2

+526%

Yansab

 (70.9)

--

SABIC Agri-Nutrients

983.1

(58%)

Sipchem

357.9

(54%)

Advanced

58.6

+117%

Saudi Kayan

(331)

--

Alujain

21.2

+13%

Maaden

331.2

(84%)

Yamama Cement

67.1

(34%)

Saudi Cement

57.2

(29%)

Southern Cement

35.8

(60%)

Qassim Cement

40.7

+74%

Arabian Cement

44.7

(24%)

Yanbu Cement

37.4

(46%)

City Cement

19.6

(22%)

Eastern Cement

47.0

+27%

Healthcare Sector

Al Hammadi

62.1

+9%

Mouwasat

148.1

+21%

Care

48.5

+14%

Dallah Healthcare

65.5

+49%

Sulaiman Al-Habib

494.6

+18%

Saudi German Health

43.3

+290%

Retailing

Jarir

257.0

(6%)

Cenomi Retail

20.3

(8%)

SACO

(14.6)

--

eXtra

90.2

(4%)

Consumer Services Sector

Seera

67.5

+26%

Leejam

74.1

+9%

Other Sectors

Budget Saudi

72.2

+13%

Theeb

45.0

(16%)

Lumi

55.1

+81%

SGS

53.7

--

Saudi Catering

77.5

+9%

Al Mawarid

23.7

+25%

Al Othaim

59.2

(92%)

BinDawood Holding

50.8

--

2P

35.6

+10%

Alkhorayef Water

40.3

+43%

Al Arabia

45.0

+37%
AlJazira Capital - Banks and Saudi Companies 08/10/2023

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Quotes

STC
42.10
(0.22) (0.52%)
ETIHAD ETISALAT
67.60
1.30 1.96%
ALRAJHI
95.95
(0.05) (0.05%)
ALBILAD
25.56
(0.34) (1.31%)
ACC
21.40
0.26 1.23%
EPCCO
23.61
(0.09) (0.38%)
QACCO
42.62
0.14 0.33%
SAUDI CEMENT
35.90
(0.32) (0.88%)
SPCC
22.15
(0.06) (0.27%)
YC
23.45
(0.18) (0.76%)
YCC
16.00
0.62 4.03%
ALUJAIN
29.32
(0.18) (0.61%)
TASNEE
9.61
(0.04) (0.41%)
SABIC
55.20
0.25 0.46%
SABIC AGRI-NUTRIENTS
115.70
(0.30) (0.26%)
YANSAB
30.28
(0.14) (0.46%)
JARIR
12.58
(0.21) (1.64%)
SIPCHEM
15.87
(0.04) (0.25%)
SAUDI KAYAN
5.22
(0.03) (0.57%)
ALINMA
24.32
0.00 0.00%
MAADEN
58.95
(0.60) (1.01%)
BUDGET SAUDI
64.45
(0.70) (1.07%)
SEERA
27.60
0.02 0.07%
A.OTHAIM MARKET
6.53
(0.08) (1.21%)
CENOMI RETAIL
20.10
(0.02) (0.10%)
ADVANCED
30.54
(0.32) (1.04%)
CITY CEMENT
12.88
0.00 0.00%
ZAIN KSA
10.75
(0.03) (0.28%)
DALLAH HEALTH
124.90
(1.50) (1.19%)
MOUWASAT
69.75
(0.50) (0.71%)
CATRION
81.60
(0.90) (1.09%)
EXTRA
88.40
(0.15) (0.17%)
CARE
143.00
(1.50) (1.04%)
LUMI
53.05
0.35 0.66%
SGS
39.50
(0.10) (0.25%)
ALHAMMADI
28.54
(0.24) (0.83%)
SACO
26.90
(0.16) (0.59%)
ALARABIA
116.30
(1.20) (1.02%)
SULAIMAN ALHABIB
259.20
8.00 3.18%
SAUDI GERMAN HEALTH
37.44
(0.56) (1.47%)
LEEJAM SPORTS
113.00
(1.10) (0.96%)
THEEB
59.15
0.80 1.37%
BINDAWOOD
5.01
0.21 4.38%
AWPT
136.00
(2.00) (1.45%)
2P
8.75
(0.09) (1.02%)
ALMAWARID
135.80
(1.70) (1.24%)


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