Ubhar Capital issues Q2 2023 forecasts

Ubhar Capital issued Q2 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to post a profit slump of 55% year-on-year (YoY) to SAR 3.5 billion. Al Rajhi Bank’s second-quarter earnings are forecast to fall 8% YoY to SAR 3.9 billion.

 

The following are the brokerage’s Q2 2023 earnings forecasts:

 

Q2 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q2 2023 estimates

YoY

Banks

SNB

4813.5

+5%

Al Rajhi Bank

3911.6

(8%)

SAB

1684.5

+56%

Materials

SABIC

3537.9

(55%)

Sipchem

388.8

(69%)

Tasnee

135.6

(54%)

Advanced

114.7

+5%

Yansab

61.8

(79%)

SIIG

200.4

(29%)

Maaden

1356.9

(66%)

SABIC Agri-Nutrients

882.3

(71%)

Cement

Yamama Cement

93.3

+3%

Saudi Cement

97.4

(5%)

City Cement

35.5

+43%

Qassim Cement

60.4

+109%

Telecommunications

stc

4163.0

+47%

Mobily

396.7

+10%

Insurance

Bupa Arabia

272.5

+6%

Tawuniya

230.0

+23%

Healthcare

Sulaiman Al Habib

454.2

+14%

Mouwasat

162.8

+15%

Dallah Healthcare

75.5

+9%

Al Hammadi

74.3

+14%

IT

solutions

295.6

+8%

MIS

13.9

(18%)

Food Retailing

Jarir

177.7

+0.3%

SADAFCO*

61.4

+13%

Almarai

536.6

+3%

BinDawood Holding

86.6

+105%

Al Othaim

58.9

+26%

Cenomi Centres

217.6

+73%

Leejam

55.1

+53%

Other Sectors

Ataa Educational*

20.7

+51%

*Different fiscal year

Ubhar Capital - TASI Companies Earnings Forecasts 06/07/2023

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
TAWUNIYA
130.80
(0.20) (0.15%)
ALRAJHI
93.50
0.50 0.54%
SAB
31.50
(0.20) (0.63%)
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
YC
31.30
(0.35) (1.11%)
ALMARAI
52.70
(0.20) (0.38%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SADAFCO
344.20
(4.80) (1.38%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
MAADEN
53.00
(0.50) (0.93%)
BUPA ARABIA
183.20
(0.60) (0.33%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
ADVANCED
34.60
(0.35) (1.00%)
CITY CEMENT
17.64
0.04 0.23%
DALLAH HEALTH
153.00
1.20 0.79%
MOUWASAT
92.40
0.90 0.98%
SOLUTIONS
267.80
(2.20) (0.81%)
SNB
33.10
(0.20) (0.60%)
ALHAMMADI
39.55
0.15 0.38%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
Leejam Sports
177.60
0.40 0.23%
CENOMI CENTERS
19.78
(0.02) (0.10%)
ATAA
73.00
1.20 1.67%
BINDAWOOD
6.84
0.07 1.03%
MIS
185.60
(3.80) (2.01%)


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