Osool and Bakheet Investment Co. has issued Q3 2017 earnings estimates for several Tadawul-listed companies under its coverage. 

 

Among petrochemical firms, Saudi Basic Industries Corp. (SABIC) is expected to report a year-on-year (YoY) profit decline of 20 percent to SAR 4.2 billion.

 

In the banking sector, Al Rajhi Bank is forecast to report SAR 2.2 billion earnings in Q3, rising 9 percent YoY.

 

Bank Aljazira is estimated to post a 19 percent year-on-year (YoY) hike in Q3 2017 earnings to SAR 190.5 million. 

 

In the cement sector, Arabian Cement Co. is projected to generate SAR 32.0 million in net profit in Q3, plunging 67 percent YoY.

 

Jarir Marketing Co. is seen reporting a net profit of SAR 258.7 million in Q3 2017, up 18 percent YoY.

 

Amongst the healthcare providers, Mouwasat Medical Services is projected to post the highest profit jump of 32 percent YoY to SAR 66.2 million.

 

Elsewhere, Almarai’s earnings are forecast to drop 7 percent YoY, while Herfy Food Services’ profit is seen to climb by 11 percent YoY in Q3.

 

Osool & Bakheet Profit Estimates (SAR mln)

Company

Q3 2017 estimates

Y-o-Y variance

Banks

Riyad Bank

870.9

19%

Bank Aljazira

190.5

19%

SAIB

286.6

31%

Alawwal

245.6

(7%)

Banque Saudi Fransi

965.7

(4%)

SABB

1,087.2

9%

ANB

841.5

17%

Samba

1,330.8

(1%)

Al Rajhi

2,198.3

9%

Albilad

240.8

6%

Alinma

440.4

41%

NCB

2,015.7

3%
 

Petrochemicals

  

SABIC

4,180.0

(20%)

SAFCO

200.0

10%

Alujain

36.0

--

Sahara

129.8

23%

Yansab

590.0

(3%)

SIPCHEM

77.9

--

Pertochem

152.0

(20%)

Cement Sector

Yanbu Cement

72.0

(23%)

Arabian Cement

32.0

(67%)

Saudi Cement

84.3

(58%)

Qassim Cement

47.9

(32%)

Southern Cement

85.1

(51%)

Eastern Cement

32.0

(25%)

City Cement

11.1

(65%)

Umm Al Qura

7.6

--

Retail

Jarir

258.7

18%

Aldrees

19.0

3%

Farm Superstores

23.7

2%

SACO

23.0

13%

Healthcare

Mouwasat

66.2

32%

Care

23.6

(19%)

Al Hammadi

26.1

22%

Other Sectors

Almarai

611.3

(7%)

Herfy

65.1

11%

Arabian Shield

25.7

60%

Al Tayyar

168.0

(11%)

Al Babtain

34.4

(3%)

Al Hokair Group

52.5

(10%)

Budget

45.8

6%

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Quotes

ALRAJHI
88.00
(0.30) (0.34%)
ALBILAD
36.80
0.20 0.55%
BJAZ
16.44
0.02 0.12%
RIBL
25.75
0.00 0.00%
SAB
33.80
(0.60) (1.74%)
SAMBA
38.50
1.70 4.62%
BSF
31.20
0.00 0.00%
Alawwal
19.58
0.28 1.45%
ACC
25.20
0.60 2.44%
EPCCO
34.75
(0.15) (0.43%)
QACCO
52.30
(0.50) (0.95%)
SPCC
33.10
0.05 0.15%
YCC
23.00
(0.02) (0.09%)
ALMARAI
55.10
(0.70) (1.25%)
ALUJAIN
40.45
0.40 1.00%
SABIC
72.70
(0.20) (0.27%)
SABIC AGRI-NUTRIENTS
113.80
(1.80) (1.56%)
Sahara Petrochemicals
17.46
0.20 1.16%
YANSAB
39.80
(0.30) (0.75%)
JARIR
13.24
(0.10) (0.75%)
ALDREES
138.40
(0.60) (0.43%)
SIPCHEM
26.30
(0.10) (0.38%)
ALINMA
28.10
(0.25) (0.88%)
BUDGET SAUDI
86.00
(0.20) (0.23%)
ARABIAN SHIELD
19.18
(0.08) (0.42%)
SEERA
23.00
(0.02) (0.09%)
Petrochem
45.45
(0.60) (1.30%)
CITY CEMENT
17.58
0.18 1.03%
HERFY FOODS
24.44
(0.04) (0.16%)
MOUWASAT
94.10
(0.90) (0.95%)
CARE
190.80
3.80 2.03%
FARM SUPERSTORES
22.24
(0.20) (0.89%)
ALHOKAIR GROUP
2.86
0.01 0.35%
SNB
33.15
(0.50) (1.49%)
ALHAMMADI
39.95
(0.30) (0.75%)
SACO
33.25
0.10 0.30%


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