SNB Capital issues Q2 2024 earnings estimates
SNB Capital issued Q2 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).
Below is the list of SNB Capital’s second-quarter estimates for banks and firms under its coverage:
|
SNB Capital's Forecasts for Q2 2024 Profit (SAR mln) |
||
|
Company |
Q2 2024 (Projected) |
YoY Change |
|
Petrochemicals & Energy |
||
|
SABIC |
837 |
(29%) |
|
SIIG |
54 |
(55%) |
|
Yansab |
107 |
+289% |
|
Advanced |
60.5 |
+0.4% |
|
Tasnee |
(4.3) |
-- |
|
Sipchem |
227 |
(27%) |
|
SABIC AN |
657 |
+1% |
|
Saudi Kayan |
(516) |
-- |
|
Arabian Drilling |
111 |
(21%) |
|
Luberef |
300 |
(34%) |
|
ADES |
191 |
+84% |
|
Banks |
||
|
Al Rajhi Bank |
4527 |
+9% |
|
Alinma Bank |
1368 |
+12% |
|
BSF |
1209 |
+13% |
|
Bank Albilad |
638 |
+9% |
|
Bank AlJazira |
297 |
+14% |
|
Riyad Bank |
2213 |
+12% |
|
SAB |
1872 |
+21% |
|
Telecommunications |
||
|
stc |
2868 |
(5%) |
|
Mobily |
649 |
+30% |
|
Zain KSA |
62.2 |
(50%) |
|
solutions |
360 |
+6% |
|
Healthcare |
||
|
Saudi German Health |
53.3 |
+32% |
|
Mouwasat |
171 |
+14% |
|
Al Hammadi |
106 |
+30% |
|
Sulaiman Al Habib |
507 |
+4% |
|
Dallah Healthcare |
95.7 |
+81% |
|
Tourism |
||
|
SGS |
84.4 |
+69% |
|
CATRION |
85.1 |
+34% |
|
Seera |
54.3 |
(21%) |
|
Retail |
||
|
Leejam Sports |
93.8 |
+29% |
|
eXtra |
107.0 |
+74% |
|
Shaker |
18.1 |
+14% |
|
Jarir |
154.0 |
(1%) |
|
BinDawood Holding |
64.7 |
(2%) |
|
Al Othaim |
48.9 |
(65%) |
|
Nahdi |
240.0 |
(10%) |
|
Americana* |
53.4 |
(38%) |
|
Aldawaa |
93.8 |
+5% |
|
Cement |
||
|
Arabian Cement |
47.1 |
+68% |
|
Yamama Cement |
93.6 |
(5%) |
|
Eastern Cement |
59.6 |
+16% |
|
Qassim Cement |
80.3 |
+111% |
|
Southern Cement |
38 |
+100% |
|
Saudi Cement |
97.7 |
+15% |
|
Yanbu Cement |
42.8 |
+21% |
|
Riyadh Cement |
87.5 |
+64% |
|
Real Estate |
||
|
Dar Al Arkan |
157 |
+7% |
|
Taiba |
104 |
+277% |
|
Food & Beverages |
||
|
Savola |
283 |
+114% |
|
First Mills |
45 |
+29% |
|
Car Rental |
||
|
Lumi |
71.1 |
+43% |
|
Budget Saudi |
66.5 |
(5%) |
|
Theeb |
36.3 |
+21% |
|
SAL |
228 |
+109% |
|
Fuel Stations |
||
|
Aldrees |
70.3 |
+0.2% |
|
SASCO |
8.55 |
(34%) |
|
Others |
||
|
SEC** |
5418 |
+157% |
|
Tadawul Group |
143 |
+36% |
|
Saudi Steel Pipe |
53.6 |
(37%) |
|
Avalon Pharma |
23.1 |
+26% |
|
MBC Group |
72.5 |
+5% |
*Americana profit in US dollar
**Net profit before Mudaraba gains