AlJazira Capital issues Q3 2023 earnings forecast

Tadawul trading screen

AlJazira Capital published its Q3 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank leading the list.

 

Al Rajhi Bank’s earnings are forecast to retreat 5% year-on-year (YoY) to SAR 4.16 billion in Q3 2023. 

 

Giant petrochemical producer, SABIC is likely to report a profit drop to SAR 708 million.  

  

The below table illustrates AlJazira Capital’s Q3 2023 estimates for a number of banks and firms under coverage:

 

Q3 2023 Forecasts (SAR mln)

Company

Q3 2023 Estimates

YoY Change

Banking Sector

Al Rajhi Bank

4158

(5%)

Alinma Bank

1280

+29%

Bank Albilad

597

+10%

Telecommunication Sector

stc

4089

+16%

Mobily

492

+32%

Zain KSA

113

+33%

Materials Sector

SABIC

708

(61%)

Tasnee

107.2

+526%

Yansab

 (70.9)

--

SABIC Agri-Nutrients

983.1

(58%)

Sipchem

357.9

(54%)

Advanced

58.6

+117%

Saudi Kayan

(331)

--

Alujain

21.2

+13%

Maaden

331.2

(84%)

Yamama Cement

67.1

(34%)

Saudi Cement

57.2

(29%)

Southern Cement

35.8

(60%)

Qassim Cement

40.7

+74%

Arabian Cement

44.7

(24%)

Yanbu Cement

37.4

(46%)

City Cement

19.6

(22%)

Eastern Cement

47.0

+27%

Healthcare Sector

Al Hammadi

62.1

+9%

Mouwasat

148.1

+21%

Care

48.5

+14%

Dallah Healthcare

65.5

+49%

Sulaiman Al-Habib

494.6

+18%

Saudi German Health

43.3

+290%

Retailing

Jarir

257.0

(6%)

Cenomi Retail

20.3

(8%)

SACO

(14.6)

--

eXtra

90.2

(4%)

Consumer Services Sector

Seera

67.5

+26%

Leejam

74.1

+9%

Other Sectors

Budget Saudi

72.2

+13%

Theeb

45.0

(16%)

Lumi

55.1

+81%

SGS

53.7

--

Saudi Catering

77.5

+9%

Al Mawarid

23.7

+25%

Al Othaim

59.2

(92%)

BinDawood Holding

50.8

--

2P

35.6

+10%

Alkhorayef Water

40.3

+43%

Al Arabia

45.0

+37%
AlJazira Capital - Banks and Saudi Companies 08/10/2023

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Quotes

STC
42.15
(0.30) (0.71%)
ETIHAD ETISALAT
51.80
(0.90) (1.71%)
ALRAJHI
88.00
(0.30) (0.34%)
ALBILAD
36.80
0.20 0.55%
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%)
ALUJAIN
40.45
0.40 1.00%
TASNEE
10.68
(0.06) (0.56%)
SABIC
72.70
(0.20) (0.27%)
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
SIPCHEM
26.30
(0.10) (0.38%)
SAUDI KAYAN
7.78
(0.04) (0.51%)
ALINMA
28.10
(0.25) (0.88%)
MAADEN
56.40
0.20 0.36%
BUDGET SAUDI
86.00
(0.20) (0.23%)
SEERA
23.00
(0.02) (0.09%)
A.OTHAIM MARKET
11.80
(0.02) (0.17%)
CENOMI RETAIL
13.08
(0.30) (2.24%)
ADVANCED
36.35
0.15 0.41%
CITY CEMENT
17.58
0.18 1.03%
ZAIN KSA
10.56
(0.12) (1.12%)
DALLAH HEALTH
159.60
0.60 0.38%
MOUWASAT
94.10
(0.90) (0.95%)
CATRION
119.00
1.80 1.54%
EXTRA
101.00
1.80 1.81%
CARE
190.80
3.80 2.03%
LUMI
76.60
0.00 0.00%
SGS
52.90
0.40 0.76%
ALHAMMADI
39.95
(0.30) (0.75%)
SACO
33.25
0.10 0.30%
ALARABIA
175.80
0.80 0.46%
SULAIMAN ALHABIB
286.20
0.20 0.07%
SAUDI GERMAN HEALTH
72.30
0.00 0.00%
Leejam Sports
190.00
4.00 2.15%
THEEB
77.70
3.20 4.30%
BINDAWOOD
7.12
0.19 2.74%
AWPT
160.60
0.00 0.00%
2P
14.88
0.44 3.05%
ALMAWARID
109.40
(0.40) (0.36%)


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