SNB Capital issues Q1 2024 earnings estimates

SNB Capital issued Q1 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

Below is the list of SNB Capital’s first-quarter estimates for banks and firms under its coverage:

 

SNB Capital's Forecasts for Q1 2024 Profit (SAR mln)

Company

Q1 2024 (Projected)

YoY Change

Petrochemicals

SABIC

480.0

(27%)

SIIG

23.7

--

Yansab

90.0

--

Advanced

9.9

(77%)

Tasnee

67.3

(18%)

Sipchem

169.0

(64%)

SABIC Agri-Nutrients

696.0

(29%)

Saudi Kayan

(477.0)

--

Arabian Drilling

187.0

+32%

Luberef

246.0

(45%)

ADES

194.0

+210%

Banks

Al Rajhi Bank

4428.0

+7%

Alinma Bank

1393.0

+44%

BSF

1125.0

+5%

Bank Albilad

612.0

+9%

Riyad Bank

2153.0

+7%

Bank AlJazira

283.0

+39%

Telecommunications

stc

2892.0

(7%)

Mobily

549.0

+18%

Zain KSA

28.8

(95%)

solutions

350.0

+15%

Healthcare

Saudi German Health

52.9

+6%

Mouwasat

209.0

+25%

Al Hammadi

80.0

(2%)

Sulaiman Al Habib

549.0

+12%

Dallah

111.0

+17%

Tourism

SGS

70.5

+76%

CATRION

78.7

+38%

Seera

59.7

+8%

Retail

Leejam Sports

75.2

+20%

eXtra

88.0

+4%

Shaker

28.6

 (1%)

Jarir

261.0

+5%

BinDawood Holding

60.0

+17%

Al Othaim

130.0

+8%

Nahdi

249.0

+2%

Americana*

40.8

 (30%)

Aldawaa

83.7

+10%

Cement

Arabian Cement

48.1

(2%)

Yamama Cement

77.9

(31%)

Eastern Cement

58.4

+5%

Qassim Cement

43.4

(21%)

Southern Cement

30.2

(38%)

Saudi Cement

88.1

(29%)

Yanbu Cement

33.1

(35%)

Riyadh Cement

45.4

--

Real Estate

Dar Al Arkan

122.0

+4%

Taiba

68.8

+11%

Food & Beverages

Almarai

642.0

+1%

Savola

267.0

(32%)

First Mills

67.6

(8%)

Car Rental

Lumi

44.8

(11%)

Budget Saudi

75.7

+9%

Theeb

41.4

(2%)

SAL

211.0

+103%

Others

SEC**

530.0

+10%

Tadawul Group

166.0

+83%

Saudi Steel Pipe

49.1

+671%
*Americana profit in US dollar

**Profit before Mudaraba gains

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
SAUDI ELECTRICITY
16.78
(0.08) (0.47%)
ALRAJHI
93.50
0.50 0.54%
ALBILAD
35.95
(0.10) (0.28%)
BJAZ
16.54
(0.10) (0.60%)
RIBL
26.60
0.00 0.00%
BSF
31.20
0.00 0.00%
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%)
TASNEE
10.40
(0.08) (0.76%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
SAVOLA GROUP
24.26
(0.32) (1.30%)
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
TAIBA
39.50
(0.15) (0.38%)
SIPCHEM
24.50
(0.50) (2.00%)
SAUDI KAYAN
7.11
(0.12) (1.66%)
ALINMA
27.65
0.20 0.73%
BUDGET SAUDI
74.00
(0.70) (0.94%)
SEERA
22.54
(0.22) (0.97%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
DAR ALARKAN
16.80
0.08 0.48%
ADVANCED
34.60
(0.35) (1.00%)
ZAIN KSA
10.34
(0.06) (0.58%)
DALLAH HEALTH
153.00
1.20 0.79%
MOUWASAT
92.40
0.90 0.98%
SSP
68.30
1.10 1.64%
SHAKER
24.86
0.28 1.14%
CATRION
128.20
(0.80) (0.62%)
EXTRA
96.00
(0.50) (0.52%)
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%
ALDAWAA
79.00
(1.10) (1.37%)
TADAWUL GROUP
225.40
(2.80) (1.23%)
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
ARABIAN DRILLING
110.40
(1.60) (1.43%)
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%
LUBEREF
109.00
(1.60) (1.45%)
THEEB
76.40
(1.00) (1.29%)
BINDAWOOD
6.84
0.07 1.03%
SAL
256.80
(4.20) (1.61%)
NAHDI
118.60
(1.20) (1.00%)
ADES
18.18
(0.26) (1.41%)
AMERICANA
2.31
(0.03) (1.28%)
FIRST MILLS
59.80
(0.40) (0.66%)


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