AlJazira Capital issues Q3 2023 earnings forecast
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AlJazira Capital published its Q3 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank leading the list.
Al Rajhi Bank’s earnings are forecast to retreat 5% year-on-year (YoY) to SAR 4.16 billion in Q3 2023.
Giant petrochemical producer, SABIC is likely to report a profit drop to SAR 708 million.
The below table illustrates AlJazira Capital’s Q3 2023 estimates for a number of banks and firms under coverage:
|
Q3 2023 Forecasts (SAR mln) |
||
|
Company |
Q3 2023 Estimates |
YoY Change |
|
Banking Sector |
||
|
Al Rajhi Bank |
4158 |
(5%) |
|
Alinma Bank |
1280 |
+29% |
|
Bank Albilad |
597 |
+10% |
|
Telecommunication Sector |
||
|
stc |
4089 |
+16% |
|
Mobily |
492 |
+32% |
|
Zain KSA |
113 |
+33% |
|
Materials Sector |
||
|
SABIC |
708 |
(61%) |
|
Tasnee |
107.2 |
+526% |
|
Yansab |
(70.9) |
-- |
|
SABIC Agri-Nutrients |
983.1 |
(58%) |
|
Sipchem |
357.9 |
(54%) |
|
Advanced |
58.6 |
+117% |
|
Saudi Kayan |
(331) |
-- |
|
Alujain |
21.2 |
+13% |
|
Maaden |
331.2 |
(84%) |
|
Yamama Cement |
67.1 |
(34%) |
|
Saudi Cement |
57.2 |
(29%) |
|
Southern Cement |
35.8 |
(60%) |
|
Qassim Cement |
40.7 |
+74% |
|
Arabian Cement |
44.7 |
(24%) |
|
Yanbu Cement |
37.4 |
(46%) |
|
City Cement |
19.6 |
(22%) |
|
Eastern Cement |
47.0 |
+27% |
|
Healthcare Sector |
||
|
Al Hammadi |
62.1 |
+9% |
|
Mouwasat |
148.1 |
+21% |
|
Care |
48.5 |
+14% |
|
Dallah Healthcare |
65.5 |
+49% |
|
Sulaiman Al-Habib |
494.6 |
+18% |
|
Saudi German Health |
43.3 |
+290% |
|
Retailing |
||
|
Jarir |
257.0 |
(6%) |
|
Cenomi Retail |
20.3 |
(8%) |
|
SACO |
(14.6) |
-- |
|
eXtra |
90.2 |
(4%) |
|
Consumer Services Sector |
||
|
Seera |
67.5 |
+26% |
|
Leejam |
74.1 |
+9% |
|
Other Sectors |
||
|
Budget Saudi |
72.2 |
+13% |
|
Theeb |
45.0 |
(16%) |
|
Lumi |
55.1 |
+81% |
|
SGS |
53.7 |
-- |
|
Saudi Catering |
77.5 |
+9% |
|
Al Mawarid |
23.7 |
+25% |
|
Al Othaim |
59.2 |
(92%) |
|
BinDawood Holding |
50.8 |
-- |
|
2P |
35.6 |
+10% |
|
Alkhorayef Water |
40.3 |
+43% |
|
Al Arabia |
45.0 |
+37% |