AlJazira Capital issues Q1 2023 earnings forecast

AlJazira Capital published Q1 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank in the lead.

 

Al Rajhi Bank’s earnings are forecast to rise 6% year-on-year (YoY) to SAR 4.38 billion in Q1 2023.

 

Telecom operator stc is estimated to report SAR 3.22 billion in profit for the three-month period.

 

Meanwhile, Saudi Basic Industries Corp.’s (SABIC) earnings are projected to decline YoY to SAR 716.8 million in Q1 2023.

 

The below table illustrates AlJazira Capital’s Q1 2023 estimates for a number of banks and firms under coverage:

 

AlJazira Capital’s Q1 2023 Forecasts (SAR mln)

Company

Q1 2023 Estimates

(SAR mln)

YoY Change

Banking Sector

Al Rajhi Bank

4383.4

+6%

Alinma Bank

957.6

+16%

Bank Albilad

526.0

+7%

Telecommunication Sector

stc

3217.7

+6%

Mobily

397.2

+25%

Zain KSA

113.4

+41%

Materials Sector

SABIC

716.8

(89%)

Tasnee

42.6

(86%)

Yansab

(182.3)

--

SABIC Agri-Nutrients

909.6

(64%)

Sipchem

352.4

(67%)

Advanced

(6.5)

--

Saudi Kayan

(912.4)

--

Maaden

952.6

(56%)

Yamama Cement

92.8

+213%

Saudi Cement

131.3

+115%

Southern Cement

66.0

(26%)

Qassim Cement

64.2

+156%

Arabian Cement

57.6

+37%

Yanbu Cement

55.1

+42%

City Cement

44.2

+158%

Eastern Cement

59.0

+104%

Healthcare Sector

Al Hammadi

74.8

+21%

Mouwasat

165.6

+10%

Care

45.4

+51%

Dallah Healthcare

86.0

+4%

Sulaiman Al-Habib

435.4

+11%

Saudi German Health

29.7

+45%

Retailing

Jarir

267.6

+6%

Cenomi Retail*

(8.2)

--

SACO

0.5

(52%)

eXtra

93.9

(4%)

Consumer Services Sector

Seera

3.9

--

Leejam

57.1

+24%

Food & Baverages 

Almarai

478.8

+14%

Other Sectors

Budget Saudi

65.4

+9%

Theeb Rent a Car

48.9

+15%

SGS

(15.3)

--

Saudi Catering

73.4

+108%

Al Othaim

110.3

+21%

BinDawood Holding

77.2

+18%

2P

34.6

+57%

Alkhorayef Water

41.3

+63%

Al Arabia

74.9

+15%
* FY ends in March 2023
AlJazira Capital - Earnings Forecasts Q1 2023 (04/04/2023)

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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%)
EXTRA
96.00
(0.50) (0.52%)
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%
ALARABIA
152.40
(0.60) (0.39%)
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%
AWPT
142.00
1.20 0.85%
2P
13.96
(0.06) (0.43%)


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