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%
*Americana profit in US dollar

**Profit before Mudaraba gains

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Quotes

STC
44.34
(0.28) (0.63%)
ETIHAD ETISALAT
65.05
(0.55) (0.84%)
SAUDI ELECTRICITY
14.61
0.08 0.55%
ALRAJHI
102.60
0.70 0.69%
ALBILAD
28.50
(0.02) (0.07%)
BJAZ
12.09
0.06 0.50%
RIBL
26.44
0.38 1.46%
BSF
17.49
0.28 1.63%
ACC
22.10
0.30 1.38%
EPCCO
25.06
0.00 0.00%
QACCO
41.76
0.10 0.24%
SAUDI CEMENT
37.58
(0.12) (0.32%)
SPCC
24.23
(0.07) (0.29%)
YC
26.64
(0.06) (0.22%)
YCC
15.85
(0.04) (0.25%)
ALMARAI
47.94
0.32 0.67%
TASNEE
11.29
0.04 0.36%
SABIC AGRI-NUTRIENTS
120.00
(0.10) (0.08%)
SAVOLA GROUP
26.56
1.82 7.36%
SIIG
15.56
0.16 1.04%
YANSAB
31.82
(0.18) (0.56%)
JARIR
13.96
0.01 0.07%
TAIBA
38.74
(0.46) (1.17%)
SIPCHEM
18.15
(0.05) (0.27%)
SAUDI KAYAN
5.61
0.02 0.36%
ALINMA
25.40
0.20 0.79%
BUDGET SAUDI
69.85
0.00 0.00%
SEERA
29.78
0.72 2.48%
A.OTHAIM MARKET
6.99
(0.06) (0.85%)
DAR ALARKAN
16.50
0.30 1.85%
ADVANCED
37.18
0.08 0.22%
ZAIN KSA
11.19
0.00 0.00%
DALLAH HEALTH
144.60
(2.80) (1.90%)
MOUWASAT
74.05
0.90 1.23%
SSP
48.80
0.12 0.25%
SHAKER
25.66
0.22 0.86%
CATRION
93.70
0.30 0.32%
EXTRA
89.30
0.35 0.39%
SOLUTIONS
234.00
(0.20) (0.09%)
LUMI
58.15
0.50 0.87%
SGS
42.70
0.44 1.04%
ALHAMMADI
32.16
(0.34) (1.05%)
ALDAWAA
63.35
0.80 1.28%
TADAWUL GROUP
193.90
0.80 0.41%
SULAIMAN ALHABIB
267.00
0.40 0.15%
ARABIAN DRILLING
89.90
(0.25) (0.28%)
RIYADH CEMENT
24.04
(1.76) (6.82%)
SAUDI GERMAN HEALTH
45.12
(0.76) (1.66%)
LEEJAM SPORTS
125.40
2.30 1.87%
LUBEREF
91.90
(1.20) (1.29%)
THEEB
63.45
0.90 1.44%
BINDAWOOD
5.51
0.04 0.73%
SAL
171.50
0.50 0.29%
NAHDI
112.00
(1.00) (0.89%)
ADES
16.87
0.37 2.24%
AMERICANA
1.91
0.04 2.14%
FIRST MILLS
52.70
0.60 1.15%


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