AlJazira Capital issues Q4 2023 earnings forecast

AlJazira Capital published its Q4 2023 profit estimates for Tadawul-listed banks and firms under coverage.

 

Al Rajhi Bank’s earnings are forecast to retreat 3% year-on-year (YoY) to SAR 4.26 billion in Q4 2023.

 

The below table illustrates AlJazira Capital’s Q4 2023 estimates for a number of banks and firms under coverage:

 

Q4 2023 Forecasts (SAR mln)

Company

Q4 2023 Estimates

YoY Change

Banking Sector

Al Rajhi Bank

4,261

(3%)

Alinma Bank

1,392

+62%

Bank Albilad

619

+15%

Telecommunication Sector

stc

2,703

(2%)

Mobily

616

+2%

Zain KSA

79

(68%)

Materials Sector

SABIC

814

+169%

Tasnee

90.2

+109%

Yansab

(26.8)

--

SABIC Agri-Nutrients

1,146.5

(47%)

Sipchem

225.5

(53%)

Advanced

20.2

--

Saudi Kayan

(451.7)

--

Alujain

5.5

--

Maaden

255.0

(75%)

Yamama Cement

74.3

(45%)

Saudi Cement

101.4

(34%)

Southern Cement

54.5

(13%)

Qassim Cement

53.2

--

Arabian Cement

19.7

(44%)

Yanbu Cement

14.4

(76%)

City Cement

30.8

(35%)

Eastern Cement

58.8

+11%

Healthcare Sector

Al Hammadi

91.0

+24%

Mouwasat

182.2

+1%

Care

65.8

+19%

Dallah Healthcare

95.9

+22%

Sulaiman Al-Habib

521.3

+18%

Saudi German Health

56.5

+70%

Retailing

Jarir

265.9

(1%)

Cenomi Retail*

(68.4)

--

SACO

(6.4)

--

Americana

223.1

(6%)

Consumer Services Sector

Seera

43.2

+39%

Leejam

126.1

+18%

Food & Beverages

Almarai

407.9

+15%

Other Sectors

Budget Saudi

71.9

+10%

Theeb

38.0

(29%)

Lumi

60.0

+46%

SAL

137.5

+22%

SGS

50.6

--

CATRION

80.3

(25%)

Al Mawarid

25.4

+4%

Al Othaim

153.9

(11%)

BinDawood Holding

61.5

+4%

Elm

322.5

+52%

solutions

269.1

+37%

2P

40.7

(12%)

Alkhorayef Water

49.6

+79%

Al Arabia

88.9

+10%
*Estimates for Zain KSA's do not include non-recurring profit from selling towers
AlJazira Capital - Q4 2023 earnings forecast 11/01/2024

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
ACC
26.05
(0.10) (0.38%)
EPCCO
33.95
0.15 0.44%
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%)
ALUJAIN
36.95
(0.70) (1.86%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
MAADEN
53.00
(0.50) (0.93%)
BUDGET SAUDI
74.00
(0.70) (0.94%)
SEERA
22.54
(0.22) (0.97%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
CENOMI RETAIL
13.68
(0.20) (1.44%)
ADVANCED
34.60
(0.35) (1.00%)
CITY CEMENT
17.64
0.04 0.23%
ZAIN KSA
10.34
(0.06) (0.58%)
DALLAH HEALTH
153.00
1.20 0.79%
MOUWASAT
92.40
0.90 0.98%
CATRION
128.20
(0.80) (0.62%)
CARE
164.20
2.00 1.23%
SOLUTIONS
267.80
(2.20) (0.81%)
LUMI
73.00
0.20 0.27%
SGS
50.50
1.25 2.54%
ALHAMMADI
39.55
0.15 0.38%
SACO
31.85
0.05 0.16%
ALARABIA
152.40
(0.60) (0.39%)
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
SAUDI GERMAN HEALTH
70.50
1.50 2.17%
Leejam Sports
177.60
0.40 0.23%
THEEB
76.40
(1.00) (1.29%)
BINDAWOOD
6.84
0.07 1.03%
SAL
256.80
(4.20) (1.61%)
ELM
1,100.00
(12.00) (1.08%)
AWPT
142.00
1.20 0.85%
2P
13.96
(0.06) (0.43%)
AMERICANA
2.31
(0.03) (1.28%)
ALMAWARID
105.80
(0.20) (0.19%)


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