Aljazira Cap issues Q4 2019 earnings forecast for Tadawul-listed firms

07/01/2020 Argaam Special

 

Aljazira Capital on Tuesday issued the fourth quarter of 2019 earnings estimates for a number of Tadawul-listed firms under its coverage.

 

Petrochemical giant Saudi Basic Industries Corporation (SABIC) is projected to post a net profit decline of 57% year-on-year (YoY) to SAR 1.4 billion in Q4 2019. Al Rajhi Bank's net profit is forecast to grow by 3% YoY to SAR 2.9 billion in Q4.

 

Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.

 

Aljazira Capital Profit Estimates - (SAR mln)

Company

Q4 2019 estimates

YoY change

Banking Sector

Al Rajhi Bank

2855.8

+3%

Alinma Bank

742.0

+12%

Bank Albilad

336.1

+15%

Telecommunication Sector

STC

3109.0

--

Mobily

51.1

(36%)

Zain

129.0

(68%)

Materials Sector

SABIC

1383.8

(57%)

Tasnee

43.4

(77%)

Yansab

179.9

(23%)

SAFCO

340.2

(40%)

Sipchem

139.2

+249%

Advanced Petrochemicals

164.5

+0.4%

Kayan

(194.1)

--

Petrochem

127.3

(46%)

Maaden

(115.3)

--

Yamama Cement

78.1

--

Saudi Cement

129.1

+3%

Souther Province Cement

142.0

+175%

Qassim Cement

93.2

+136%

Arabian Cement

75.1

+360%

Yanbu Cement

81.8

+139%

City Cement

59.7

(24%)

Eastern Province Cement

51.6

+103%

Health Care Sector

Al Hammadi

21.9

+24%

Mouwasat

97.5

+14%

Care

14.9

+206%

Dallah Healthcare

26.3

(19%)

Saudi German Hospital

26.8

(13%)

Retailing Sector

Jarir

297.3

+2%

Fawaz Al Hokair**

5.6

(79%)

Saco

29.3

(24%)

Consumer Services Sector

Seera Holding

66.2

+275%

Food and Beverages Sector

Almarai

436.5

+18%

Other Sectors

Budget Saudi

46.2

(1%)

Saudi Catering

89.9

+18%

Ground Services (SGS)

66.8

+18%

Al Othaim

155.4

+45%

*Merged with “Sahara”

**The financial results for Q3, as the fiscal year ends in March 2020.

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