NCB Capital issues Q1 2020 earnings forecast for Saudi banks, firms

07/04/2020 Argaam Special

 

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

 

Saudi Basic Industries Corporation’s (SABIC) is expected to incur net losses of SAR 143 million for Q1 2020, while Al Rajhi Bank’s earnings is projected to grow 3% year-on-year (YoY) to SAR 2.66 billion.

 

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

 

Q1 2020 Net Profit Forecasts (SAR mln)

Company

Q1 2020 (Estimates)

YoY Change

Average analyst estimates

Petrochemicals

SABIC

(143)

--

Average estimates

SIIG

38

(79%)

Average estimates

Yansab

130

(67%)

Average estimates

Tasnee

35

(78%)

Average estimates

Sipchem

88

(23%)

Average estimates

SAFCO

341

+2%

Average estimates

Kayan

(273)

--

Average estimates

Petrochem

71

(62%)

Average estimates

Telecom

STC

3868

+41%

Average estimates

Mobily

140

+109%

Average estimates

Zain Saudi

194

+50%

Average estimates

Food and agriculture

Savola

40

--

Average estimates

Healthcare

Saudi German

14

(4%)

Average estimates

Mouwasat

87

(19%)

Average estimates

Al Hammadi

19

(21%)

Average estimates

Tourism

SGS

80

(23%)

Average estimates

Catering

82

(21%)

Average estimates

Seera

1287

--

Average estimates

Retail

Leejam Sports

34

(14%)

Average estimates

eXtra

45

+33%

Average estimates

Al Hokair*

(191)

--

Average estimates

Shaker

(15)

--

Average estimates

Jarir

248

+6%

Average estimates

Al Othaim

75

+10%

Average estimates

Cement

Arabian Cement

43

+16%

Average estimates

Yamama Cement

84

+19%

Average estimates

Eastern Cement

48

+5%

Average estimates

Qassim Cement

98

+75%

Average estimates

Southern Cement

151

+26%

Average estimates

Saudi Cement

135

+2%

 

Yanbu Cement

92

+27%

Average estimates

Real Estate

Dar Al Arkan

17

(33%)

Average estimates

Taiba

21

(33%)

Average estimates

Banking

Al Rajhi

2663

+3%

Average estimates

Alinma

650

+2%

Average estimates

BSF

710

(23%)

Average estimates

SAMBA

987

(7%)

Average estimates

Albilad

307

+8%

Average estimates

Aljazira

233

(1%)

Average estimates

Others

Saudi Electricity

(1333)

--

Average estimates

Saudi Steel Pipe

(6)

--

Average estimates

*Q4 ended March 2020.

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