Riyad Capital issues Q2 2023 earnings estimates for banks, firms

Riyad Capital issued Q2 2023 earnings forecasts for several banks and companies under coverage, with Al Rajhi Bank and Saudi Basic Industries Corp. (SABIC) in the lead. 

 

Riyad Capital expected SABIC to report a profit decline of 85% year-on-year (YoY) to SAR 1.22 billion in Q2 2023, while Al Rajhi Bank is forecast to post earnings drop of 4% YoY to SAR 4.1 billion in the three-month period.

 

The following table shows Riyad Capital’s earnings forecasts for banks and firms under coverage for Q2 2023:

 

Riyad Capital Q2 2023 Profit Estimates

Company

Q2 2023

Change YoY

Banks

BSF

1132

+35%

SAB

1858

+72%

ANB

1096

+55%

Al Rajhi

4107

(4%)

Albilad

567

+11%

Alinma

1048

+13%

SNB

4992

+9%

Petrochemicals

SABIC

1224

(85%)

SABIC Agri-Nutrients

707

(77%)

Tasnee

125

(58%)

Yansab

79

(73%)

Sipchem

321

(75%)

Advanced

74

(32%)

Saudi Kayan

(297)

--

SIIG

81

(71%)

Telecommunications

stc

3320

+17%

Mobily

478

+33%

Zain KSA

291

+117%

Cement

Yamama Cement

86

(5%)

Saudi Cement

103

--

Qassim Cement

33

+14%

Southern Cement

36

(41%)

Yanbu Cement

47

(2%)

Other Sectors

Sulaiman Al Habib

504

+27%

Mouwasat

160

+13%

solutions

335

+23%

Elm

285

+46%

Almarai

586

+13%

Jarir

189

+7%

Saudi Electricity*

5016

(9%)

BinDawood Holding

57

+35%

MARAFIQ

205

(22%)

Riyadh Cables

142

--

*Net profit before deducting speculation instruments

Riyad Capital - Earnings Forecasts for TASI companies 09/07/2023

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
SAUDI ELECTRICITY
16.78
(0.08) (0.47%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
ANB
19.50
(0.10) (0.51%)
SAB
31.50
(0.20) (0.63%)
BSF
31.20
0.00 0.00%
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%
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
ADVANCED
34.60
(0.35) (1.00%)
ZAIN KSA
10.34
(0.06) (0.58%)
MOUWASAT
92.40
0.90 0.98%
SOLUTIONS
267.80
(2.20) (0.81%)
SNB
33.10
(0.20) (0.60%)
MARAFIQ
55.50
(1.00) (1.77%)
RIYADH CABLES
117.00
2.00 1.74%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
BINDAWOOD
6.84
0.07 1.03%
ELM
1,100.00
(12.00) (1.08%)


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