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
40.35
0.10 0.25%
ETIHAD ETISALAT
52.30
0.30 0.58%
TAWUNIYA
142.80
1.80 1.28%
ALRAJHI
92.80
2.50 2.77%
ANB
20.36
0.36 1.80%
RIBL
28.20
0.30 1.08%
SAB
32.20
0.00 0.00%
BSF
33.25
0.35 1.06%
ACC
26.75
0.25 0.94%
EPCCO
34.80
0.10 0.29%
QACCO
53.00
(0.10) (0.19%)
SAUDI CEMENT
42.25
(0.15) (0.35%)
SPCC
33.75
0.15 0.45%
TCC
12.50
0.10 0.81%
YC
33.95
0.80 2.41%
YCC
23.14
(0.40) (1.70%)
ALMARAI
57.60
(0.20) (0.35%)
SAUDI CERAMICS
34.60
0.20 0.58%
SABIC AGRI-NUTRIENTS
111.00
(0.40) (0.36%)
YANSAB
37.25
0.30 0.81%
JARIR
12.58
(0.10) (0.79%)
ALINMA
28.65
0.45 1.60%
MAADEN
49.35
0.25 0.51%
HCC
11.60
0.02 0.17%
BUPA ARABIA
204.20
2.20 1.09%
A.OTHAIM MARKET
10.72
(0.06) (0.56%)
NAJRAN CEMENT
8.92
(0.11) (1.22%)
CITY CEMENT
18.32
(0.08) (0.43%)
HERFY FOODS
24.40
0.16 0.66%
MOUWASAT
85.70
1.40 1.66%
UACC
18.36
(0.14) (0.76%)
SNB
33.25
0.50 1.53%
SGS
50.00
0.00 0.00%
SULAIMAN ALHABIB
286.00
(0.60) (0.21%)
Leejam Sports
190.00
2.00 1.06%
BINDAWOOD
6.41
(0.16) (2.44%)
AMERICANA
2.29
0.00 0.00%


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