Aljazira Capital published its Q2 2020 earnings estimates for 36 Tadawul-listed banks and firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to incur net losses of SAR 187.4 million in Q2 2020. Al Rajhi Bank’s earnings are projected to drop 21% year-on-year (YoY) to SAR 2.03 billion.
STC’s second quarter net profit is likely to grow by 3% YoY to SAR 2.92 billion.
In the cement sector, Arabian Cement Co. and Saudi Cement Co. are forecast to report a fall of 59% and 28% YoY in Q2 2020 net profit to SAR 15.5 million and SAR 66.7 million, respectively.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
|
Aljazira Capital Profit Estimates - (SAR mln) |
|
||
|
Company |
Q2 2020 estimates |
YoY change |
|
|
Banking Sector |
|
||
|
Al Rajhi Bank |
2033.4 |
(21%) |
|
|
Alinma Bank |
373.1 |
(45%) |
|
|
Bank Albilad |
279.9 |
(8%) |
|
|
Telecommunication Sector |
|
||
|
STC |
2920.8 |
+3% |
|
|
Mobily |
105.1 |
+178% |
|
|
Zain |
109.4 |
(16%) |
|
|
Materials Sector |
|
||
|
SABIC |
(187.4) |
-- |
|
|
Tasnee |
17.5 |
(94%) |
|
|
Yansab |
124.5 |
(61%) |
|
|
SAFCO |
258.9 |
(32%) |
|
|
Sipchem |
(41.3) |
-- |
|
|
Advanced Petrochemical |
144.9 |
(25%) |
|
|
Kayan |
(234.8) |
-- |
|
|
Petrochem |
(177.1) |
-- |
|
|
Maaden |
(382.2) |
-- |
|
|
Yamama Cement |
56.6 |
+7% |
|
|
Saudi Cement |
66.7 |
(28%) |
|
|
Southern Province Cement |
95.5 |
+5% |
|
|
Qassim Cement |
63.6 |
(10%) |
|
|
Arabian Cement |
15.5 |
(59%) |
|
|
Yanbu Cement |
40.9 |
+2% |
|
|
City Cement |
33.6 |
+4% |
|
|
Eastern Province Cement |
36.2 |
+14% |
|
|
Health Care Sector |
|
||
|
Al Hammadi |
16.4 |
(18%) |
|
|
Mouwasat |
77.2 |
(15%) |
|
|
Care |
11.3 |
(18%) |
|
|
Dallah Healthcare |
10.1 |
(35%) |
|
|
Saudi German Hospital |
10.3 |
(16%) |
|
|
Retailing Sector |
|
||
|
Jarir |
183.0 |
+8% |
|
|
Fawaz Al Hokair* |
129.4 |
(42%) |
|
|
Saco |
9.2 |
(57%) |
|
|
Consumer Services Sector |
|
||
|
Seera Holding |
(119.7) |
-- |
|
|
Other Sectors |
|
||
|
Budget Saudi |
20.4 |
(53%) |
|
|
Saudi Catering |
(169.4) |
-- |
|
|
SGS |
(158.9) |
-- |
|
|
Al Othaim |
92.8 |
+58% |
|
*The fiscal year ends March 2020.
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