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
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%)
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%)
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%
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%
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%
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%)
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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