Hermes Capital issues Q2 estimates for Saudi firms

12/07/2017 Argaam

Hermes Capital on Tuesday issued Q2 earnings forecasts for Saudi-listed companies and banks under its coverage.

 

The Kingdom’s cement companies are likely to see a drop in their earnings for Q2 2017 compared to a year earlier.

 

SABIC’s profit is expected to edge up by 1 percent YoY to SAR 4.66 billion. Elsewhere, blue chip Al Rajhi is expected to see its profit jump 2 percent.

 

Hermes Capital’s Estimates (SAR mln)

Company

Q2 2017

YoY variation

Banks

Riyad Bank

963

(16%)

Aljazira

178

--

SAIB

305

(5%)

Alawwal

369

(32%)

BSF

1004

(4%)

SABB

1041

(10%)

ANB

780

(5%)

SAMBA

1213

(8%)

Al Rajhi

2057

2%

Albilad

215

17%

Telecom

Mobily

(171)

--

STC

2410

15%

ZAIN

22

--

Consumer Services

Herfy

51

3%

Retail

Jarir

137

7%

Shaker

29

(24%)

Alhokair

256

--

Food Retail

Al Othaim Markets

58

15%

Food Production

Halwani

20

(36%)

SADAFCO

75

2%

Savola

209

(15%)

Almarai

673

7%

Commerce Services

Saudi Airlines Catering

144

(1%)

Healthcare

Mouwasat

74

19%

Care

22

(62%)

Dallah

65

19%

Medicine

SPIMACO

51

(1%)

Basic Industries

SABIC

4662

(1%)

SAFCO

283

(5%)

TASNEE

149

43%

Sipchem

23

(11%)

Chemanol

-12

--

Sahara

73

(24%)

Yansab

302

(56%)

Maaden

332

143%

Al Jouf Cement

8

(65%)

Arabian Cement

80

(44%)

City Cement

29

(55%)

Eastern Cement

35

(30%)

Northern Cement

14

(71%)

Qassim Cement

62

(46%)

Yanbu Cement

86

(46%)

Yamama Cement

44.1

(62%)

Saudi Cement

136

(45%)

Tabuk Cement

4

(81%)

Southern Cement

101

(62%)

Capital Goods

Saudi Ceramics

9.3

(67%)

Al-Khodari

(14)

--

Transport

Budget Saudi

41

(12%)

Insurance

Bupa Arabia

102

(15%)

Energy

Aldrees

21

(27%)

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