Al Rajhi Capital issues Q2 2021 profit forecasts for Saudi companies
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Al Rajhi Capital issued Q2 2021 earnings forecasts for Saudi-listed companies.
Saudi Arabian Oil Co. (Saudi Aramco) is forecast to post a hike of 257% year-on-year (YoY) in Q2 2021 net profit to SAR 90.56 billion. Saudi Basic Industries Corporation (SABIC) is expected to post a profit of SAR 6.63 billion during the same period.
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Al Rajhi Capital’s Q2 Forecasts (SAR mln) |
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|
Company |
Q2 2021 Estimates (SAR mln) |
YoY Variation |
|
Petrochemicals |
||
|
SABIC |
6633 |
-- |
|
Sipchem |
652 |
-- |
|
SABIC Agri-Nutrients |
760 |
+111% |
|
Yansab |
469 |
-- |
|
Saudi Kayan |
269 |
+74% |
|
Cement |
||
|
Arabian Cement |
37 |
+386% |
|
Yamama Cement |
50 |
+4% |
|
Saudi Cement |
79 |
+4% |
|
Qassim Cement |
93 |
+9% |
|
Yanbu Cement |
47 |
+28% |
|
Southern Cement |
85 |
(%37) |
|
Najran Cement |
37 |
+11% |
|
Riyadh Cement* |
155 |
+28% |
|
Telecommunications |
||
|
stc |
2821 |
+4% |
|
Mobily |
255 |
+38% |
|
Zain KSA |
43 |
(27%) |
|
Food & Agriculture |
||
|
Almarai |
621 |
+0.3% |
|
Savola |
225 |
(45%) |
|
Herfy |
26 |
-- |
|
Retail |
||
|
Jarir |
225 |
+8% |
|
Alhokair** |
80 |
-- |
|
Al Othaim |
98 |
(22%) |
|
eXtra |
84 |
(7%) |
|
BinDawood Holding |
122 |
(34%) |
|
Healthcare |
||
|
Dallah |
62 |
-- |
|
Mouwasat |
166 |
+43% |
|
Care |
37 |
+44% |
|
Al Hammadi |
46 |
+18% |
|
Other sectors |
||
|
Bupa Arabia |
309 |
(20%) |
|
Tawuniya |
145 |
(23%) |
|
Leejam |
40 |
-- |
|
Saudi Ceramic |
60 |
-- |
|
Saudi Aramco |
90556 |
+257% |
|
SISCO |
30 |
(47%) |
|
Aldrees |
43 |
+199% |
|
Bawan |
23 |
+49% |
|
SADAFCO** |
62 |
(12%) |
|
Al Yamamah Steel** |
36 |
-- |
* Listed on the parallel market (Nomu), forecast for the first half of 2021
**Different fiscal year