GIB Capital previews Q2 2024 earnings

Tadawul trading screen 

GIB Capital released Q2 2024 earnings forecasts for Saudi-listed firms under coverage.

 

The following table shows GIB Capital’s second-quarter estimates for Saudi-listed companies under its coverage:

 

GIB Capital’s Q2 2024 Earnings Estimates (SAR mln)

Company

Q2 2024 (Projected)

YoY Change 

Petrochemicals

Advanced

38

(37%)

Alujain*

13

(23%)

Sipchem**

199

(36%)

Saudi Kayan

(517)

--

Energy

Arabian Drilling

120

(14%)

ADES Holding

192

+85%

Basic Materials

Luberef

281

(38%)

AMAK 

26

+145%

Public Utilities

MARAFIQ 

99

(38%)

Banks

SNB***

5163

+3%

Retail

Jarir

150

(4%)

SASCO

11

(15%)

Food

Tanmiah 

23

+102%

First Mills 

59

+69%

Modern Mills

46

+12%

Transportation

Theeb

42

+40%

Budget Saudi

71

+1%

Lumi***

70

+41%

SAL

200

+84%

Other Sectors

Tadawul Group

156

+48%

Americana******

34

(61%)

Alamar 

11

(37%)

Leejam

87

+20%

Riyadh Cables

156

+23%

Astra 

137

+19%

Elm

395

+6%

Al Akaria

10

--

Retal

58

(18%)

Al Mawarid

27

+20%

Al Arabia

85

--

Jamjoom Pharma

116

+34%

Avalon Pharma

26

+44%

Numu-Parallel Market (H1 2024)

GAS

40

+13%

Saudi Azm

16

+19%

*Excluding one-off gains from a 35% stake sale in NATPET

**Including an insurance settlement worth SAR 53 million

***Gross operating income

****Including SAR 27 milion in discount received

*****Results in US dollar

GIB Capital - Tadawul-listed firms Q2 2024 earnings forecasts

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Quotes

ALUJAIN
37.60
(0.05) (0.13%)
JARIR
12.76
0.00 0.00%
ALAKARIA
25.30
(0.20) (0.78%)
SASCO
77.80
0.10 0.13%
SIPCHEM
24.58
(0.42) (1.68%)
SAUDI KAYAN
7.14
(0.09) (1.24%)
BUDGET SAUDI
74.90
0.20 0.27%
ADVANCED
34.60
(0.35) (1.00%)
ASTRA INDUSTRIAL
169.40
2.00 1.19%
LUMI
73.30
0.50 0.69%
SNB
33.15
(0.15) (0.45%)
TADAWUL GROUP
225.80
(2.40) (1.05%)
MARAFIQ
55.70
(0.80) (1.42%)
ALARABIA
150.00
(3.00) (1.96%)
RIYADH CABLES
116.00
1.00 0.87%
ARABIAN DRILLING
110.60
(1.40) (1.25%)
Leejam Sports
177.20
0.00 0.00%
LUBEREF
109.20
(1.40) (1.27%)
THEEB
76.70
(0.70) (0.90%)
RETAL
15.48
(0.02) (0.13%)
SAL
256.80
(4.20) (1.61%)
ELM
1,097.00
(15.00) (1.35%)
TANMIAH
135.80
0.00 0.00%
ALAMAR
76.10
(0.30) (0.39%)
GAS
18.00
(0.24) (1.32%)
AMAK
69.40
0.60 0.87%
AZM
29.95
(0.25) (0.83%)
ADES
18.20
(0.24) (1.30%)
AMERICANA
2.30
(0.04) (1.71%)
ALMAWARID
105.00
(1.00) (0.94%)
JAMJOOM PHARMA
152.60
3.40 2.28%
FIRST MILLS
60.00
(0.20) (0.33%)
AVALON PHARMA
122.40
0.00 0.00%
MODERN MILLS
40.55
(0.15) (0.37%)


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