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
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%
QACCO
53.10
(0.10) (0.19%)
SAUDI CEMENT
42.40
0.10 0.24%
YC
33.15
(0.85) (2.50%)
ALMARAI
57.80
(0.20) (0.34%)
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%)
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%)
CITY CEMENT
18.40
(0.06) (0.33%)
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%)
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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