AlJazira Capital issues Q1 2024 earnings forecast

AlJazira Capital published its Q1 2024 profit estimates for Tadawul-listed banks and firms under coverage.

 

Al Rajhi Bank’s earnings are forecast to increase 6% year-on-year (YoY) to nearly SAR 4.38 billion in Q1 2024.

 

The below table illustrates AlJazira Capital’s Q1 2024 estimates for a number of banks and firms under coverage:

 

Q1 2024 Forecasts (SAR mln)

Company

Q1 2024 (Forecast)

YoY Change

Banking Sector

Al Rajhi Bank

4380

+6%

Alinma Bank

1347

+39%

Bank Albilad

616

+10%

Telecommunication Sector

stc

2998

(4%)

Mobily

586

+26%

Zain KSA

60

(89%)

Materials Sector

SABIC

424

(35%)

Tasnee

57.3

(30%)

Yansab

37.1

--

SABIC Agri-Nutrients

885.0

(10%)

Sipchem

151.3

(68%)

Advanced

2.8

(93%)

Saudi Kayan

(597.9)

--

Alujain

3.6

--

Maaden

734.5

+75%

Yamama Cement

131.0

+17%

Saudi Cement

140.7

+14%

Southern Cement

69.2

+42%

Qassim Cement

87.4

+43%

Arabian Cement

84.0

+71%

Yanbu Cement

72.3

+42%

City Cement

48.6

+76%

Eastern Cement

61.6

+11%

Riyadh Cement

81.6

--

Healthcare Sector

Al Hammadi

75.5

+5%

Mouwasat

207.6

+25%

Care

70

+24%

Dallah Healthcare

109.1

+15%

Sulaiman Al Habib

552.8

+13%

Saudi German Health

70.2

+60%

Retail Sector

Jarir

261.4

+6%

SACO

(16.8)

--

eXtra

103.5

+23%

Americana

132.1

(39%)

Consumer Service Sector

Seera

61.1

+10%

Leejam

83.8

+34%

Other Sectors

Almarai

618.4

(3%)

Budget Saudi

70.4

+2%

Theeb

34.3

(19%)

Lumi

53.2

+6%

SAL

148.1

+42%

SGS

54.7

+37%

CATRION

74.5

+30%

Al Mawarid

24.2

+9%

Al Othaim

149.8

+25%

BinDawood Holding

79.4

+54%

Elm

377.7

+17%

solutions

353.5

+16%

2P

32.4

+24%

Al Arabia

89.7

(1%)
AlJazira Capital - Q1 2024 Earnings Forecast 14/04/2024

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Quotes

STC
40.35
0.10 0.25%
ETIHAD ETISALAT
52.30
0.30 0.58%
ALRAJHI
92.80
2.50 2.77%
ALBILAD
37.65
0.80 2.17%
ACC
26.75
0.25 0.94%
EPCCO
34.80
0.10 0.29%
QACCO
53.00
(0.10) (0.19%)
SAUDI CEMENT
42.25
(0.15) (0.35%)
SPCC
33.75
0.15 0.45%
YC
33.95
0.80 2.41%
YCC
23.14
(0.40) (1.70%)
ALMARAI
57.60
(0.20) (0.35%)
ALUJAIN
38.60
0.40 1.05%
TASNEE
10.16
(0.02) (0.20%)
SABIC
67.10
0.40 0.60%
JARIR
12.58
(0.10) (0.79%)
SIPCHEM
24.18
0.16 0.67%
SAUDI KAYAN
6.97
0.09 1.31%
ALINMA
28.65
0.45 1.60%
MAADEN
49.35
0.25 0.51%
BUDGET SAUDI
75.90
0.90 1.20%
SEERA
22.62
0.12 0.53%
A.OTHAIM MARKET
10.72
(0.06) (0.56%)
ADVANCED
32.20
0.05 0.16%
CITY CEMENT
18.32
(0.08) (0.43%)
ZAIN KSA
10.20
0.00 0.00%
DALLAH HEALTH
154.00
2.40 1.58%
MOUWASAT
85.70
1.40 1.66%
CATRION
121.00
1.40 1.17%
EXTRA
98.90
0.20 0.20%
CARE
166.20
(1.40) (0.84%)
SOLUTIONS
278.60
4.00 1.46%
LUMI
71.00
(0.50) (0.70%)
SGS
50.00
0.00 0.00%
ALHAMMADI
38.70
0.30 0.78%
SACO
30.80
(0.65) (2.07%)
ALARABIA
158.40
(2.20) (1.37%)
SULAIMAN ALHABIB
286.00
(0.60) (0.21%)
RIYADH CEMENT
32.05
(1.20) (3.61%)
SAUDI GERMAN HEALTH
69.90
(0.20) (0.29%)
Leejam Sports
190.00
2.00 1.06%
THEEB
73.90
(0.60) (0.81%)
BINDAWOOD
6.41
(0.16) (2.44%)
SAL
254.00
0.60 0.24%
ELM
1,149.20
21.20 1.88%
2P
13.66
(0.04) (0.29%)
AMERICANA
2.29
0.00 0.00%
ALMAWARID
105.80
(0.20) (0.19%)


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