Osool and Bakheet Investment Co. released Q1 2020 earnings forecasts for several Saudi banks and firms under its coverage.
Saudi Basic Industries Corporation (SABIC) is expected to post a 94% profit drop year-on-year (YoY) to SAR 217 million in Q1 2020.
Al Rajhi Bank’s earnings are seen down 8% YoY to SAR 2.4 billion in Q1 2020.
STC’s profits are forecast to grow 16% YoY to SAR 3.2 billion by the end of Q1 2020.
Below is a list of Osool and Bakheet’s estimates, as compiled by Argaam.
|
Q1 Net Profit Forecasts (SAR mln) |
|||
|
Company |
Q1 2020 (Expected) |
YoY Change |
Average estimates |
|
Banks |
|||
|
Riyad |
1200.0 |
(19%) |
|
|
Jazira |
238.0 |
+1% |
|
|
ANB |
650.0 |
(17%) |
|
|
Al Rajhi |
2400.0 |
(8%) |
|
|
Alinma |
586.0 |
(8%) |
|
|
Basic Materials |
|||
|
SABIC |
217.0 |
(94%) |
|
|
SAFCO |
330.0 |
(2%) |
|
|
Yansab |
76.0 |
(81%) |
|
|
Hail Cement |
47.4 |
+110% |
|
|
Najran Cement |
44.2 |
+ 629% |
|
|
City Cement |
60.0 |
+45% |
|
|
Umm Al-Qura Cement |
33.5 |
+56% |
|
|
Arabian Cement |
72.4 |
+95% |
|
|
Yamama Cement |
104.5 |
+48% |
|
|
Qassim Cement |
172.7 |
+30% |
|
|
Southern Cement |
122.1 |
+118% |
|
|
Yanbu Cement |
184.8 |
+54% |
|
|
Tabuk Cement |
90.6 |
+25% |
|
|
Eastern Cement |
13.0 |
+258% |
|
|
Arabian Pipes |
67.6 |
+47% |
|
|
Zahrat Al Waha |
2.7 |
(67%) |
|
|
Healthcare |
|||
|
Mouwasat |
111.3 |
+4% |
|
|
Al Hammadi |
24.4 |
+1% |
|
|
Care |
21.3 |
(29%) |
|
|
Telecom |
|||
|
STC |
3200.0 |
+16% |
|
|
Mobily |
95.0 |
+41% |
|
|
Zain |
130.0 |
+1% |
|
|
Others |
|||
|
SACO |
9.8 |
(49%) |
|
|
Jarir |
209.5 |
(10%) |
|
|
eXtra |
42.4 |
+25% |
|
|
SGS |
42.3 |
(59%) |
|
|
Catering |
71.6 |
(31%) |
|
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