AlJazira Cap issues Q4 2022 earnings forecast for Saudi banks, companies

Tadawul trading screen

AlJazira Capital published its Q4 2022 earnings forecasts for the Tadawul-listed banks and firms under its coverage, including Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC). 

  

SABIC is likely to post net profit of SAR 2.53 billion in Q4 2022. Al Rajhi Bank’s net profit is expected to increase 11% year-on-year (YoY) to SAR 4.45 billion.

 

Below is a list of AlJazira Capital’s estimates for Q4 2022 earnings of a number of banks and firms under its coverage:

 

AlJazira Capital’s Q4 2022 Forecasts (SAR mln)

Company

Q4 2022 Estimates

(SAR mln)

YoY Variation

Banking Sector

Al Rajhi Bank

4,452.9

+11%

Alinma Bank

1,127.2

+82%

Bank Albilad

555.4

+30%

Telecommunication Sector

stc

2,923.9

+12%

Mobily

391.0

+22%

Zain KSA

107.2

+50%

Materials Sector

SABIC

2,533.7

(49%)

Tasnee

36.5

(89%)

Yansab

(36.7)

--

SABIC Agri-Nutrients

1,926.9

(30%)

Sipchem

536.4

(59%)

Advanced

25.6

(84%)

Saudi Kayan

(691.6)

--

Maaden

1,462.0

(30%)

Yamama Cement

94.2

--

Saudi Cement

116.0

+72%

Southern Cement

98.4

+12%

Qassim Cement

54.8

+62%

Arabian Cement

64.9

+178%

Yanbu Cement

73.9

+649%

City Cement

29.4

+352%

Eastern Cement

46.7

+13%

Healthcare Sector

Al Hammadi

62.3

--

Mouwasat

143.9

(2%)

Care

43.9

+20%

Dallah Healthcare

82.6

(24%)

Sulaiman Al-Habib

442.5

+15%

Saudi German Health

14.2

--

Discretionary

Jarir

269.3

+3%

Cenomi Retail*

20.3

+21%

SACO

(37.9)

--

          Consumer Services Sector

Seera 

6.5

--

Leejam

76.8

(11%)

Food

Almarai

446.6

+56%

Other Sectors

Budget Saudi

64.7

+25%

Theeb Rent A Car

49.8

+5%

SGS

(31.1)

--

Saudi Catering

55.7

+21%

Al Othaim

150.20

(3%)

BinDawood Holding

22.2

+68%

2P

37.2

(11%)
* FY ends in March 2023
AlJazira Capital - Earnings Forecast Q4 2022 (12/01/2023)

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
ACC
26.05
(0.10) (0.38%)
EPCCO
33.95
0.15 0.44%
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
SPCC
33.15
(0.35) (1.04%)
YC
31.30
(0.35) (1.11%)
YCC
23.36
(0.24) (1.02%)
ALMARAI
52.70
(0.20) (0.38%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
MAADEN
53.00
(0.50) (0.93%)
BUDGET SAUDI
74.00
(0.70) (0.94%)
SEERA
22.54
(0.22) (0.97%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
CENOMI RETAIL
13.68
(0.20) (1.44%)
ADVANCED
34.60
(0.35) (1.00%)
CITY CEMENT
17.64
0.04 0.23%
ZAIN KSA
10.34
(0.06) (0.58%)
DALLAH HEALTH
153.00
1.20 0.79%
MOUWASAT
92.40
0.90 0.98%
CATRION
128.20
(0.80) (0.62%)
CARE
164.20
2.00 1.23%
SGS
50.50
1.25 2.54%
ALHAMMADI
39.55
0.15 0.38%
SACO
31.85
0.05 0.16%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
SAUDI GERMAN HEALTH
70.50
1.50 2.17%
Leejam Sports
177.60
0.40 0.23%
THEEB
76.40
(1.00) (1.29%)
BINDAWOOD
6.84
0.07 1.03%
2P
13.96
(0.06) (0.43%)


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