SICO Bank issues Q1 2023 forecasts for Saudi banks, firms

Tadawul trading screen

SICO Bank published its Q1 2023 forecasts for some Tadawul-listed banks and firms under its coverage.

 

Al Rajhi Bank is expected post a 2% rise year-on-year (YoY) in the first-quarter net profit to 4.20 billion. 

 

Telecom operator stc is predicted to post a net profit of SAR 3.25 billion by the end of the three-month period. 

 

Below is a list of SICO Bank’s Q1 2023 estimates for the banks and firms under its coverage:

 

SICO Bank’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Al Rajhi Bank

4209

+2%

Alinma

971

+18%

ANB

798

+23%

BSF

1002

+15%

SNB

4683

+4%

Riyad Bank

1996

+29%

SABB

1485

+48%

Telecommunication Sector

stc

3250

+7%

Mobily

449

+41%

Cement Sector

Arabian Cement

39

(7%)

City Cement

37

+115%

Eastern Cement

63

+117%

Hail Cement

15

--

Najran Cement

46

+97%

Qassim Cement

61

+143%

Saudi Cement

94

+54%

Southern Cement

108

+24%

Tabuk Cement

10

--

Umm Al Qura Cement

( 2)

--

Yamama Cement

93

+214%

Yanbu Cement

63

+60%

Petrochemical Sector

SABIC Agri-Nutrients

1149

(54%)

Yansab

(102)

--

Maaden

1198

(45%)

Foods and Retail Sector

Almarai

372

(12%)

Al Othaim

92.6

+1%

BinDawood Holding

59

(11%)

Jarir

258

+3%

Herfy

9.1

(68%)

Americana

64.2

--

Insurance Sector

Bupa Arabia

157

+67%

Tawuniya

79

+292%

Other Sectors

SGS

(30)

--

Saudi Ceramics

49

(5%)

Fitness Time

62

+35%

Sulaiman Al Habib

410

+5%

Mouwasat 

186

+24%

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Quotes

STC
42.15
(0.30) (0.71%)
ETIHAD ETISALAT
51.80
(0.90) (1.71%)
TAWUNIYA
140.40
(3.20) (2.23%)
ALRAJHI
88.00
(0.30) (0.34%)
ANB
18.94
(0.02) (0.11%)
RIBL
25.75
0.00 0.00%
SAB
33.80
(0.60) (1.74%)
BSF
31.20
0.00 0.00%
ACC
25.20
0.60 2.44%
EPCCO
34.75
(0.15) (0.43%)
QACCO
52.30
(0.50) (0.95%)
SAUDI CEMENT
40.20
0.05 0.12%
SPCC
33.10
0.05 0.15%
TCC
12.34
(0.04) (0.32%)
YC
32.05
0.65 2.07%
YCC
23.00
(0.02) (0.09%)
ALMARAI
55.10
(0.70) (1.25%)
SAUDI CERAMICS
32.60
0.40 1.24%
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
ALINMA
28.10
(0.25) (0.88%)
MAADEN
56.40
0.20 0.36%
HCC
11.60
0.02 0.17%
BUPA ARABIA
201.40
(1.20) (0.59%)
A.OTHAIM MARKET
11.80
(0.02) (0.17%)
NAJRAN CEMENT
9.17
0.03 0.33%
CITY CEMENT
17.58
0.18 1.03%
HERFY FOODS
24.44
(0.04) (0.16%)
MOUWASAT
94.10
(0.90) (0.95%)
UACC
17.52
(0.02) (0.11%)
SNB
33.15
(0.50) (1.49%)
SGS
52.90
0.40 0.76%
SULAIMAN ALHABIB
286.20
0.20 0.07%
Leejam Sports
190.00
4.00 2.15%
BINDAWOOD
7.12
0.19 2.74%
AMERICANA
2.28
(0.11) (4.60%)


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