Osool & Bakheet issues Q4 2018 forecasts; SABIC up 46%
Osool and Bakheet Investment Co. has issued Q4 2018 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 increase of 46 percent to SAR 5.3 billion.
In the banking sector, Al Rajhi Bank is forecast to report SAR 2.4 billion earnings in Q4, up 1 percent YoY.
Herfy is expected to report a 3 percent YoY increase in net profit to SAR 528.4 million in Q4.
Meanwhile, all healthcare providers under coverage are seen to report a decline in net profit.
Saudi Telecom Co. (STC) is projected to report a 6 percent YoY increase in net profit to SAR 2.8 billion for the quarter.
Elsewhere, Budget Saudi is forecast to almost double its profit to SAR 42.6 million in Q4, while Jarir’s net profit is seen to rise by 3 percent YoY to SAR 258.5 million.
Osool & Bakheet Profit Estimates (SAR mln) |
||
Company |
Q4 2018 estimates |
Y-o-Y variance |
Banks |
||
Riyad Bank |
950.0 |
(2%) |
SAIB |
367.0 |
+4% |
Alawwal |
280.0 |
(14%) |
Banque Saudi Fransi |
850.0 |
-- |
SABB |
909.0 |
+29% |
ANB |
796.1 |
+25% |
Samba |
1,231.2 |
+2% |
Al Rajhi |
2,435.9 |
(1%) |
Albilad |
260.0 |
+15% |
Alinma |
654.3 |
+17% |
NCB |
2,449.6 |
(4%) |
Aljazira |
239.7 |
+24% |
Consumer services |
||
Al Tayyar |
51.5 |
+8% |
Herfy |
528.4 |
+3% |
Telecom |
||
STC |
2,801.6 |
+6% |
Healthcare |
||
Mouwasat |
97.6 |
(1%) |
Care |
27.7 |
(10%) |
Dallah |
42.8 |
(32%) |
|
Basic Materials |
|
Advanced |
184.0 |
+77% |
Petrochem |
247.0 |
(37%) |
SABIC |
5,342.6 |
+46% |
SAFCO |
600.0 |
-- |
Yansab |
351.0 |
(55%) |
Kayan |
320.0 |
-- |
Saudi Cement |
90.5 |
(16%) |
Other Sectors |
||
Jarir |
258.5 |
+3% |
ARDCO |
43.9 |
(41%) |
Budget Saudi |
42.6 |
+98% |
Catering |
115.9 |
+17% |
Al Babtain |
14.1 |
(62%) |
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