NCB Capital issues Q1 2021 earnings forecasts for Saudi companies, banks

07/04/2021 Argaam Special

Tadawul trading screen


NCB Capital issued its Q1 2021 earnings forecasts for a number of Saudi-listed companies and banks under its coverage, including Saudi Basic Industries Corporation (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

SABIC is expected to post a profit of around SAR 3.75 billion in Q1 2021, while Al Rajhi Bank is forecast to report a 29% increase year-on-year (YoY) to SAR 3.07 billion in the same period.

 

Q1 2021 Net Profit Forecast (SAR mln)

Company

Q1 2021 (Estimates)

YoY Change

Petrochemicals

SABIC

3754.0

--

SIIG

223.0

--

Yansab

285.0

+173%

Tasnee

59.0

--

Sipchem

388.0

--

SABIC Agri-Nutrients

743.0

+145%

Saudi Kayan

106.0

--

Petrochem

257.0

+412%

Banks

Al Rajhi

3068.0

+29%

Alinma

512.0

+38%

BSF

576.0

(16%)

Albilad

369.0

+37%

Aljazira

151.0

(17%)

Telecom

Mobily

250.0

+92%

Zain KSA

60.0

(43%)

Food and Agriculture

Savola

203.0

+17%

Almarai

378.0

(1%)

Healthcare

Saudi German

17.0

(20%)

Mouwasat

131.0

+21%

Al Hammadi

27.0

+8%

Sulaiman Al Habib Group

274.0

+11%

Tourism

SGS

(38.0)

--

Saudi Catering

(87.0)

--

Seera

(123.0)

--

Retail

Leejam Sports

2.2

(65%)

eXtra

40.0

+15%

Alhokair*

(92)

--

Shaker

1.3

--

Jarir

247.0

(2%)

Al Othaim

78.0

(22%)

BinDawood

75.0

(41%)

Cement

Arabian Cement

53.0

+17%

Yamama Cement

56.0

(55%)

Eastern Cement

59.0

(31%)

Qassim Cement

101.0

(9%)

Southern Cement

178.0

(3%)

Saudi Cement

115.0

(23%)

Yanbu Cement

72.0

(22%)

Real Estate

Dar Al-Arkan

15.0

+21%

Taiba

14.0

(72%)

Others

Saudi Electricity

2623.0

--

Saudi Steel Pipe

9.8

--

*Q3 as the fiscal year ends in March.

 

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