AlJazira Cap issues Q3 2021 earnings forecast for Saudi banks, firms
Tadawul trading screen
AlJazira Capital published its Q3 2021 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank, Saudi Basic Industries Corp. (SABIC), and stc.
SABIC is expected to post net profit of SAR 6.3 billion in Q3 2021. Al Rajhi Bank’s net profit is forecast to rise 38% year-on-year (YoY) to SAR 3.7 billion.
Below is a list of AlJazira Capital’s estimates for Q3 2021 earnings of a number of banks and firms under its coverage:
Aljazira Capital’s Q3 2021 Forecasts (SAR mln) |
||
Company |
Q3 2021 Estimates (SAR mln) |
YoY Variation |
Banking Sector |
||
Al Rajhi Bank |
3,680.7 |
+ 38 % |
Alinma Bank |
706.5 |
+ 12 % |
Bank Albilad |
409.0 |
+ 7 % |
Telecommunication Sector |
||
stc |
2,923.2 |
+ 6 % |
Mobily |
254.0 |
+ 14 % |
Zain KSA |
44.1 |
(27%) |
Materials Sector |
||
SABIC |
6,281.2 |
-- |
Tasnee |
305.1 |
-- |
Yansab |
526.1 |
+ 169 % |
SABIC Agri-Nutrients |
1,136.2 |
+ 186 % |
Sipchem |
792.3 |
-- |
Advanced |
248.7 |
+ 59 % |
Saudi Kayan |
619.0 |
-- |
Petrochem |
435.4 |
-- |
Maaden |
1,561.4 |
-- |
Yamama Cement |
86.8 |
+ 12 % |
Saudi Cement |
103.2 |
(4%) |
Southern Cement |
110.1 |
(27%) |
Qassim Cement |
87.8 |
(20%) |
Arabian Cement |
58.4 |
(26%) |
Yanbu Cement |
44.3 |
(46%) |
City Cement |
55.8 |
+ 9 % |
Eastern Cement |
53.7 |
+ 26 % |
Healthcare Sector |
||
Al Hammadi |
41.4 |
+ 13 % |
Mouwasat |
135.1 |
(16%) |
Care |
31.7 |
+ 94 % |
Dallah |
58.1 |
+ 8 % |
Sulaiman Al-Habib |
363.1 |
+ 22 % |
Saudi German Health |
29.1 |
(17%) |
Discretionary |
||
Jarir |
290.9 |
+14% |
Fawaz Alhokair* |
(116.5) |
-- |
SACO |
15.0 |
(9%) |
Consumer Services Sector |
||
Ataa Educational** |
16.3 |
+232% |
National Learning*** |
13.6 |
(34%) |
Alkhaleej Training |
5.3 |
(19%) |
Seera |
(56.9) |
-- |
Leejam |
52.7 |
+98% |
Food |
||
Almarai |
492.5 |
(21%) |
Other Sectors |
||
Budget Saudi |
58.5 |
+45% |
Theeb Rent a Car |
27.9 |
+99% |
SGS |
(31.5) |
-- |
Saudi Catering |
10.7 |
-- |
Al Othaim |
50.0 |
(18%) |
BinDawood Holding |
90.4 |
+15% |
**Estimates for Q1 of FY 2022 ending Oct. 2021
*** Estimates for Q4 2021 ended Aug. 2021.
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