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
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%)
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%)
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%)
EXTRA
96.00
(0.50) (0.52%)
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%)
RIYADH CEMENT
32.40
(0.25) (0.77%)
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%)
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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