SNB Capital issues Q2 2023 estimates

SNB Capital issued Q2 2023 earnings forecasts for many Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC). 

  

SABIC is expected to post net earnings of around SAR 1.2 billion for the second quarter of 2023. Al Rajhi Bank’s net profit is forecast to rise 2% year-on-year (YoY) to about SAR 4.3 billion. 

  

Below is a list of SNB Capital’s Q2 2023 estimates for banks and firms under its coverage: 

 

Q2 2023 Profit Forecasts

Company

Q2 2023

Change vs. Q1 2022

Petrochemicals

SABIC

1200.0

(85%)

SIIG

143

(50%)

Yansab

87.9

(70%)

Advanced

76.4

(30%)

Tasnee

91.6

(69%)

Sipchem

273.0

(78%)

SABIC Agri-Nutrients

589.0

(81%)

Saudi Kayan

(464.0)

--

Arabian Drilling

144.0

+31%

Luberef

410.0

(6%)

Banks

Al Rajhi Bank

4331.0

+2%

Alinma Bank

1006.0

+9%

Banque Saudi Fransi

1127.0

+35%

Bank Albilad

589.0

+15%

Riyad Bank

2115.0

+31%

Bank AlJazira

226.0

(12%)

Telecommunication Services

stc

3165.0

+12%

Mobily

482.0

+34%

Zain KSA

90.1

(33%)

solutions

335.0

+23%

Healthcare

Saudi German Health

46.5

+347%

Mouwasat

152.0

+7%

Al Hammadi

82.6

+27%

Sulaiman Al Habib

497.0

+25%

Dallah

91.1

(31%)

Tourism

SGS

58.7

--

Saudi Catering

90.5

+108%

Seera

69.8

--

Retail

Leejam

53.3

+49%

eXtra

65.4

(49%)

Cenomi Retail

9.9

(83%)

Shaker

23.7

+102%

Jarir

180.0

+1%

BinDawood Holding

61.5

+45%

Al Othaim

63.4

+36%

Nahdi

284.0

+6%

Americana**

61.5

+25%

Cement

Arabian Cement

37.3

(17%)

Yamama Cement

90.2

(1%)

Eastern Cement

44.7

+4%

Qassim Cement

31.1

7%+

Southern Cement

32.7

( 46%)

Saudi Cement

83.1

( 19%)

Yanbu Cement

37.6

( 22%)

Riyadh Cement

110.0

29%+

Real Estate

Dar Al Arkan

118.0

(30%)

Taiba

76.6

+122%

Other Sectors

SEC**

4630.0

(16%)

Saudi Pipe

7.4

(37%)

Tadawul Group

231.0

+8%

Savola

629.0

+21%

*Profit before Mudaraba Instrument 

**Americana profit in US dollar

***Riyadh Cement estimates for H2 2023

****Profit before Mudaraba instruments

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Quotes

STC
42.15
(0.30) (0.71%)
ETIHAD ETISALAT
51.80
(0.90) (1.71%)
SAUDI ELECTRICITY
16.40
(0.08) (0.49%)
ALRAJHI
88.00
(0.30) (0.34%)
ALBILAD
36.80
0.20 0.55%
BJAZ
16.44
0.02 0.12%
RIBL
25.75
0.00 0.00%
BSF
31.20
0.00 0.00%
ACC
25.20
0.60 2.44%
EPCCO
34.75
(0.15) (0.43%)
QACCO
52.30
(0.50) (0.95%)
SAUDI CEMENT
40.20
0.05 0.12%
SPCC
33.10
0.05 0.15%
YC
32.05
0.65 2.07%
YCC
23.00
(0.02) (0.09%)
ALMARAI
55.10
(0.70) (1.25%)
TASNEE
10.68
(0.06) (0.56%)
SABIC
72.70
(0.20) (0.27%)
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
SAVOLA GROUP
25.80
0.25 0.98%
SIIG
17.84
(0.52) (2.83%)
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
TAIBA
45.10
(0.10) (0.22%)
SIPCHEM
26.30
(0.10) (0.38%)
SAUDI KAYAN
7.78
(0.04) (0.51%)
ALINMA
28.10
(0.25) (0.88%)
SEERA
23.00
(0.02) (0.09%)
A.OTHAIM MARKET
11.80
(0.02) (0.17%)
CENOMI RETAIL
13.08
(0.30) (2.24%)
DAR ALARKAN
16.66
0.76 4.78%
ADVANCED
36.35
0.15 0.41%
ZAIN KSA
10.56
(0.12) (1.12%)
DALLAH HEALTH
159.60
0.60 0.38%
MOUWASAT
94.10
(0.90) (0.95%)
SSP
71.30
0.60 0.85%
SHAKER
26.15
(0.45) (1.69%)
CATRION
119.00
1.80 1.54%
EXTRA
101.00
1.80 1.81%
SOLUTIONS
255.20
(4.80) (1.85%)
SGS
52.90
0.40 0.76%
ALHAMMADI
39.95
(0.30) (0.75%)
SULAIMAN ALHABIB
286.20
0.20 0.07%
ARABIAN DRILLING
110.00
(1.60) (1.43%)
RIYADH CEMENT
28.20
0.20 0.71%
SAUDI GERMAN HEALTH
72.30
0.00 0.00%
Leejam Sports
190.00
4.00 2.15%
LUBEREF
117.20
0.20 0.17%
BINDAWOOD
7.12
0.19 2.74%
NAHDI
123.40
(1.00) (0.80%)
AMERICANA
2.28
(0.11) (4.60%)


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