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
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%)
ALMARAI
55.10
(0.70) (1.25%)
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%
CARE
190.80
3.80 2.03%
SOLUTIONS
255.20
(4.80) (1.85%)
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%
SAL
275.80
(1.80) (0.65%)
ELM
1,022.60
(3.60) (0.35%)
AWPT
160.60
0.00 0.00%
2P
14.88
0.44 3.05%
AMERICANA
2.28
(0.11) (4.60%)
ALMAWARID
109.40
(0.40) (0.36%)


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