NCB Capital issued its Q4 2020 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and stc Group.
SABIC is expected to post a profit of around SAR 1.6 billion in Q4 2020, while Al Rajhi Bank is forecast to report a 16% earnings increase year-on-year (YoY) to SAR 2.7 billion in the same period.
Meanwhile, stc’s Q4 2020 net profit is seen rising by 9% YoY to SAR 2.52 billion.
Q4 2020 Net Profit Forecast (SAR mln) |
||
Company |
Q4 2020 (Estimates) |
YoY Change |
Petrochemicals |
||
SABIC |
1,608.0 |
-- |
SIIG |
141.0 |
+125% |
Yansab |
271.0 |
+59% |
Advanced |
205.0 |
+7% |
Tasnee |
51.0 |
-- |
Sipchem |
195.0 |
-- |
SABIC Agri-Nutrients |
303.0 |
(12%) |
Saudi Kayan |
66.4 |
-- |
Petrochem |
174.0 |
+31% |
Telecom |
||
stc |
2,519.0 |
+9% |
Mobily |
69.0 |
-- |
Zain Saudi |
274.0 |
+161% |
Food and Agriculture |
||
Savola |
216.0 |
+57% |
Almarai |
375.0 |
+20% |
Healthcare |
||
Saudi German |
38.0 |
+1% |
Mouwasat |
151.0 |
+16% |
Al Hammadi |
42.0 |
+52% |
Sulaiman Al Habib Group |
279.0 |
+3% |
Tourism |
||
SGS |
(15.0) |
-- |
Saudi Catering |
(69.0) |
-- |
Seera |
(152) |
-- |
Retail |
||
Leejam Sports |
42.0 |
(38%) |
eXtra |
74.0 |
+3% |
Alhokair* |
(31) |
-- |
Shaker |
(5) |
-- |
Jarir |
249.0 |
(10%) |
Al Othaim |
120.0 |
(16%) |
BinDawood |
122.0 |
(2%) |
Cement |
||
Arabian Cement |
86.0 |
+17% |
Yamama Cement |
71.0 |
(9%) |
Eastern Cement |
53.0 |
(20%) |
Qassim Cement |
116.0 |
(20%) |
Southern Cement |
155.0 |
(4%) |
Saudi Cement |
140.0 |
(3%) |
Yanbu Cement |
95.0 |
+15% |
Real Estate |
||
Dar Al-Arkan |
8.0 |
(89%) |
Taiba |
37.0 |
+58% |
Banking |
||
Al Rajhi |
2,681.0 |
+16% |
Alinma |
633.0 |
+25% |
BSF |
360.0 |
(30%) |
Albilad |
402.0 |
+23% |
Aljazira |
194.0 |
(22%) |
Others |
||
Saudi Electricity |
1,145.0 |
-- |
Saudi Steel Pipe |
10.2 |
-- |
*Q3 as the fiscal year ends in March.
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