Aljazira Cap issues Q1 2020 earnings forecast for Saudi banks, firms

06/04/2020 Argaam Special

 

Aljazira Capital published its Q1 2020 earnings estimates for several Tadawul-listed banks and firms under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q1 2020 is expected to fall 91% year-on-year (YoY) to SAR 302.1 million, while Al Rajhi Bank’s earnings are projected to decline 9% to SAR 2.62 billion.

 

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

 

Aljazira Capital Profit Estimates (SAR mln)

Company

Q1 2020 estimates

YoY Change

Average analyst estimates

Banking Sector

Al Rajhi Bank

2621.9

(9%)

Average estimates

Alinma Bank

584.6

(18%)

Average estimates

Bank Albilad

264.1

(17%)

Average estimates

Telecommunication Sector

STC

2711.7

(1%)

Average estimates

Mobily

63.0

(6%)

Average estimates

Zain

93.2

(28%)

Average estimates

Materials Sector

SABIC

302.1

(91%)

Average estimates

Tasnee

39.9

(75%)

 

Yansab

151.3

(61%)

Average estimates

SAFCO

324.1

(3%)

Average estimates

Sipchem

75.9

(34%)

Average estimates

Kayan

(342.9)

--

 

Petrochem

78.0

(58%)

 

Maaden

(140.1)

--

 

Yamama Cement

90.5

+28%

Average estimates

Saudi Cement

148.6

+12%

Average estimates

Southern Cement

164.7

+37%

Average estimates

Qassim Cement

98.2

+75%

Average estimates

Arabian Cement

53.7

+45%

Average estimates

Yanbu Cement

100.6

+39%

Average estimates

City Cement

53.2

+28%

Average estimates

Eastern Province Cement

73.1

+59%

Average estimates

Healthcare Sector

Al Hammadi

23.7

(2%)

Average estimates

Mouwasat

115.4

+8%

Average estimates

Care

27.7

(8%)

Average estimates

Dallah

36.1

+3%

Average estimates

Saudi German Hospital

6.4

(56%)

Average estimates

Retailing Sector

Jarir

182.0

(22%)

Average estimates

Fawaz Al Hokair*

(157.9)

--

Average estimates

SACO

10.7

(44%)

Average estimates

Consumer Services Sector

Seera Holding**

1314.2

--

Average estimates

Other Sectors

Budget

34.9

(16%)

Average estimates

Catering

79.0

(24%)

Average estimates

SGS

82.6

(21%)

Average estimates

Al Othaim

95.2

+39%

Average estimates

*The fiscal year ends March 2020.

**Q1 2020 includes non-recurring sales revenues regarding Careem transaction valued SAR 1.33 billion.

 

For More Reports

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.