Ubhar Capital releases Q1 2023 forecasts

Tadawul trading screen

Ubhar Capital issued Q1 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corporation (SABIC) is expected to post a profit slump of 80% year-on-year (YoY) to SAR 1.26 billion. Al Rajhi Bank’s first-quarter earnings are forecast to grow 8% to SAR 4.5 billion.

 

The following are the brokerage’s Q1 2023 earnings forecasts:

 

Ubhar Capital Q1 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q1 2023 estimates

YoY

Banks

SNB

4629.0

+3%

Al Rajhi Bank

4478.1

+8%

SABB

1434.3

+43%

Materials

SABIC

1263.0

(81%)

Petro Rabigh

(294.0)

--

Sipchem

516.0

(52%)

Tasnee

177.0

(43%)

Advanced

51.0

(69%)

Yansab

(269.0)

--

SIIG

127.0

(46%)

Maaden

1570.0

(28%)

SABIC Agri-Nutrients

845.2

(66%)

Telecommunications

stc

3417.0

+13%

Mobily

366.0

+15%

Zain KSA

132.0

+64%

Insurance

Bupa Arabia

110.3

+17%

Tawuniya

70.4

+251%

Saudi Re

15.5

+2%

Healthcare

Sulaiman Al Habib

426.5

+9%

Mouwasat

152.2

+1%

Dallah Healthcare

94.6

+14%

Al Hammadi

62.7

+1%

Saudi German Health

27.7

+35%

IT

solutions

283.1

--

MIS

15.1

+228%

Food Retailing

Jarir

263.9

+5%

SADAFCO*

81.6

+33%

BinDawood Holding

69.6

+6%

Al Othaim

96.3

+5%

Alandalus Property

20.2

+2%

Cenomi Centres*

416.6

--

Leejam

47.5

+3%

Other Sectors

Ataa Educational*

9.3

+156%

Saudi Ceramics

54.2

+6%

*Different FY

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Quotes

STC
40.25
0.15 0.37%
ETIHAD ETISALAT
52.00
(0.30) (0.57%)
TAWUNIYA
141.00
(0.80) (0.56%)
ALRAJHI
90.30
0.40 0.44%
SAB
32.20
0.30 0.94%
SAUDI CERAMICS
34.40
0.10 0.29%
TASNEE
10.18
0.02 0.20%
SABIC
66.70
0.20 0.30%
SADAFCO
331.20
(4.40) (1.31%)
SABIC AGRI-NUTRIENTS
111.40
3.20 2.96%
SIIG
16.98
0.12 0.71%
YANSAB
36.95
(0.35) (0.94%)
JARIR
12.68
0.02 0.16%
SIPCHEM
24.02
(0.10) (0.41%)
PETRO RABIGH
8.16
0.00 0.00%
MAADEN
49.10
(0.65) (1.31%)
BUPA ARABIA
202.00
(0.80) (0.39%)
A.OTHAIM MARKET
10.78
(0.06) (0.55%)
ADVANCED
32.15
(0.05) (0.16%)
ZAIN KSA
10.20
(0.02) (0.20%)
SAUDI RE
45.25
(0.85) (1.84%)
DALLAH HEALTH
151.60
(0.80) (0.52%)
MOUWASAT
84.30
(3.30) (3.77%)
SOLUTIONS
274.60
(1.00) (0.36%)
SNB
32.75
(0.25) (0.76%)
ALHAMMADI
38.40
(0.60) (1.54%)
SULAIMAN ALHABIB
286.60
(12.00) (4.02%)
ALANDALUS
23.34
0.04 0.17%
SAUDI GERMAN HEALTH
70.10
(0.50) (0.71%)
Leejam Sports
188.00
1.80 0.97%
CENOMI CENTERS
21.46
(0.16) (0.74%)
ATAA
70.20
(1.50) (2.09%)
BINDAWOOD
6.57
(0.01) (0.15%)
MIS
161.20
(1.40) (0.86%)


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