Al Rajhi Capital issues Q4 2020 profit forecasts for Saudi companies
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Al Rajhi Capital issued Q4 2020 earnings forecasts for Saudi-listed companies.
The firm expects the outlook for Q4 to be positive, given the improvement in economic activities.
Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a decline of 26% year-on-year (YoY) in Q4 2020 net profit to SAR 55.25 billion. Saudi Basic Industries Corporation (SABIC) is expected to post a 38% profit rise YoY to SAR 3 billion during the same period.
Al Rajhi Capital’s Q4 Forecasts (SAR mln) |
||
Company |
Q4 2020 Estimates (SAR mln) |
YoY Variation |
Petrochemicals Sector |
||
SABIC |
3,004 |
-- |
Sipchem |
166 |
-- |
SABIC Agri-Nutrients |
334 |
(3%) |
Yansab |
252 |
+47% |
Advanced |
207 |
+8% |
Cement Sector |
||
Arabian Cement |
75 |
+2% |
Yamama Cement |
77 |
(2%) |
Saudi Cement |
121 |
(16%) |
Qassim Cement |
121 |
(16%) |
Yanbu Cement |
88 |
+6% |
Southern Cement |
160 |
(1%) |
Najran Cement |
53 |
+49% |
Riyadh Cement ** |
100 |
(15%) |
Telecommunications |
||
stc |
2,633 |
+13% |
Mobily |
223 |
-- |
Zain Saudi |
101 |
(4%) |
Food & Agriculture |
||
Almarai |
380 |
+22% |
Savola |
217 |
+58% |
Herfy |
46 |
(8%) |
Retail |
||
Jarir |
272 |
(2%) |
Alhokair* |
(11) |
-- |
Al Othaim |
95 |
(33%) |
eXtra |
86 |
+19% |
BinDawood |
128 |
+3% |
Healthcare |
||
Dallah |
40 |
(42%) |
Mouwasat |
161 |
+24% |
Care |
21 |
+6% |
Al Hammadi |
36 |
+32% |
Other sectors |
||
Bupa Arabia |
101 |
(29%) |
Leejam |
36 |
(47%) |
Saudi Ceramic*** |
41 |
+69% |
Saudi Aramco |
55,250 |
(26%) |
SISCO |
23 |
+283% |
Aldrees |
35 |
(85%) |
SADAFCO* |
71 |
+4% |
*Different year end
** Nomu-listed company
***Net profit before Zakat. Financial data on a semi-annual basis.
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