AlJazira Capital published Q1 2023 profit estimates for Tadawul-listed banks and firms under coverage, with Al Rajhi Bank in the lead.
Al Rajhi Bank’s earnings are forecast to rise 6% year-on-year (YoY) to SAR 4.38 billion in Q1 2023.
Telecom operator stc is estimated to report SAR 3.22 billion in profit for the three-month period.
Meanwhile, Saudi Basic Industries Corp.’s (SABIC) earnings are projected to decline YoY to SAR 716.8 million in Q1 2023.
The below table illustrates AlJazira Capital’s Q1 2023 estimates for a number of banks and firms under coverage:
|
AlJazira Capital’s Q1 2023 Forecasts (SAR mln) |
||
|
Company |
Q1 2023 Estimates (SAR mln) |
YoY Change |
|
Banking Sector |
||
|
Al Rajhi Bank |
4383.4 |
+6% |
|
Alinma Bank |
957.6 |
+16% |
|
Bank Albilad |
526.0 |
+7% |
|
Telecommunication Sector |
||
|
stc |
3217.7 |
+6% |
|
Mobily |
397.2 |
+25% |
|
Zain KSA |
113.4 |
+41% |
|
Materials Sector |
||
|
SABIC |
716.8 |
(89%) |
|
Tasnee |
42.6 |
(86%) |
|
Yansab |
(182.3) |
-- |
|
SABIC Agri-Nutrients |
909.6 |
(64%) |
|
Sipchem |
352.4 |
(67%) |
|
Advanced |
(6.5) |
-- |
|
Saudi Kayan |
(912.4) |
-- |
|
Maaden |
952.6 |
(56%) |
|
Yamama Cement |
92.8 |
+213% |
|
Saudi Cement |
131.3 |
+115% |
|
Southern Cement |
66.0 |
(26%) |
|
Qassim Cement |
64.2 |
+156% |
|
Arabian Cement |
57.6 |
+37% |
|
Yanbu Cement |
55.1 |
+42% |
|
City Cement |
44.2 |
+158% |
|
Eastern Cement |
59.0 |
+104% |
|
Healthcare Sector |
||
|
Al Hammadi |
74.8 |
+21% |
|
Mouwasat |
165.6 |
+10% |
|
Care |
45.4 |
+51% |
|
Dallah Healthcare |
86.0 |
+4% |
|
Sulaiman Al-Habib |
435.4 |
+11% |
|
Saudi German Health |
29.7 |
+45% |
|
Retailing |
||
|
Jarir |
267.6 |
+6% |
|
Cenomi Retail* |
(8.2) |
-- |
|
SACO |
0.5 |
(52%) |
|
eXtra |
93.9 |
(4%) |
|
Consumer Services Sector |
||
|
Seera |
3.9 |
-- |
|
Leejam |
57.1 |
+24% |
|
Food & Baverages |
||
|
Almarai |
478.8 |
+14% |
|
Other Sectors |
||
|
Budget Saudi |
65.4 |
+9% |
|
Theeb Rent a Car |
48.9 |
+15% |
|
SGS |
(15.3) |
-- |
|
Saudi Catering |
73.4 |
+108% |
|
Al Othaim |
110.3 |
+21% |
|
BinDawood Holding |
77.2 |
+18% |
|
2P |
34.6 |
+57% |
|
Alkhorayef Water |
41.3 |
+63% |
|
Al Arabia |
74.9 |
+15% |
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