AI Summary
Aljazira Capital on Tuesday issued the fourth quarter of 2019 earnings estimates for a number of Tadawul-listed firms under its coverage.
Petrochemical giant Saudi Basic Industries Corporation (SABIC) is projected to post a net profit decline of 57% year-on-year (YoY) to SAR 1.4 billion in Q4 2019. Al Rajhi Bank's net profit is forecast to grow by 3% YoY to SAR 2.9 billion in Q4.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
|
Aljazira Capital Profit Estimates - (SAR mln) |
||
|
Company |
Q4 2019 estimates |
YoY change |
|
Banking Sector |
||
|
Al Rajhi Bank |
2855.8 |
+3% |
|
Alinma Bank |
742.0 |
+12% |
|
Bank Albilad |
336.1 |
+15% |
|
Telecommunication Sector |
||
|
STC |
3109.0 |
-- |
|
Mobily |
51.1 |
(36%) |
|
Zain |
129.0 |
(68%) |
|
Materials Sector |
||
|
SABIC |
1383.8 |
(57%) |
|
Tasnee |
43.4 |
(77%) |
|
Yansab |
179.9 |
(23%) |
|
SAFCO |
340.2 |
(40%) |
|
Sipchem |
139.2 |
+249% |
|
Advanced Petrochemicals |
164.5 |
+0.4% |
|
Kayan |
(194.1) |
-- |
|
Petrochem |
127.3 |
(46%) |
|
Maaden |
(115.3) |
-- |
|
Yamama Cement |
78.1 |
-- |
|
Saudi Cement |
129.1 |
+3% |
|
Souther Province Cement |
142.0 |
+175% |
|
Qassim Cement |
93.2 |
+136% |
|
Arabian Cement |
75.1 |
+360% |
|
Yanbu Cement |
81.8 |
+139% |
|
City Cement |
59.7 |
(24%) |
|
Eastern Province Cement |
51.6 |
+103% |
|
Health Care Sector |
||
|
Al Hammadi |
21.9 |
+24% |
|
Mouwasat |
97.5 |
+14% |
|
Care |
14.9 |
+206% |
|
Dallah Healthcare |
26.3 |
(19%) |
|
Saudi German Hospital |
26.8 |
(13%) |
|
Retailing Sector |
||
|
Jarir |
297.3 |
+2% |
|
Fawaz Al Hokair** |
5.6 |
(79%) |
|
Saco |
29.3 |
(24%) |
|
Consumer Services Sector |
||
|
Seera Holding |
66.2 |
+275% |
|
Food and Beverages Sector |
||
|
Almarai |
436.5 |
+18% |
|
Other Sectors |
||
|
Budget Saudi |
46.2 |
(1%) |
|
Saudi Catering |
89.9 |
+18% |
|
Ground Services (SGS) |
66.8 |
+18% |
|
Al Othaim |
155.4 |
+45% |
*Merged with “Sahara”
**The financial results for Q3, as the fiscal year ends in March 2020.
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