Al Rajhi Capital issues Q2 2024 profit forecasts

04/07/2024 Argaam

Al Rajhi Capital issues Q2 2024 profit forecasts

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Al Rajhi Capital issued Q2 2024 earnings estimates for 72 TASI-listed companies under its coverage.

 

The research firm also issued its forecasts for three Nomu-listed companies.

 

Al Rajhi Capital’s Q2 2024 Forecasts (TASI)

Company

Q2 2024

 Estimates

(SAR mln)

Change

(YoY)

Petrochemicals

SABIC

687

(42%)

Sipchem

171

(45%)

SABIC Agri-Nutrients

608

(7%)

Yansab

82

+198%

Advanced

36

(40%)

Cement

Arabian Cement

36

+29%

Yamama Cement

99

+1%

Saudi Cement

82

(4%)

Qassim Cement

85

+93%

Yanbu Cement

48

+36%

Southern Cement

45

+137%

Najran Cement

12

+57%

Riyadh Cement

61

+14%

Telecommunications

stc

3218

+7%

Mobily

659

+32%

Zain KSA

77

(38%)

Food & Agriculture

Almarai

632

+14%

SADAFCO

143

+32%

Savola

187

+42%

NADEC

116

+79%

Tanmiah

23

+105%

Almunajem

85

+47%

First Mills

49

+41%

Modern Mills

43

+4%

Retail

Jarir

190

+22%

Cenomi Retail

(1)

--

Al Othaim

50

(64%)

eXtra

104

+68%

BinDawood Holding

64

(7%)

Healthcare

Dallah

79

+49%

Mouwasat

159

+6%

Care

57

+19%

Al Hammadi

54

(34%)

Sulaiman Al Habib

501

+3%

Fakeeh Care

52

(3%)

Saudi German Health

39

(3%)

Pharmaceuticals

SPIMACO

29

+30%

Jamjoom Pharma

104

+20%

Astra Industrial

137

+19%

Avalon Pharma

23

+27%

Insurance

Tawuniya

247

+1%

GIG

39

(3%)

Bupa Arabia

417

+12%

Malath

14

+67%

Walaa

31

(20%)

Saudi Re

29

(51%)

Transportation and Logistics Services

Lumi

65

+31%

Theeb

37

+23%

Budget Saudi

70

--

SISCO

14

(32%)

SAL

192

+76%

Other Sectors

Bawan

25

(2%)

Saudi Ceramics

13

(60%)

Leejam

92

+27%

Equipment House

12

+529%

Aldrees

80

+14%

Arabian Drilling

128

(9%)

Ades Holding

186

+79%

Luberef

282

(38%)

MIS

24

(51%)

solutions

346

+2%

2P

36

+16%

Elm

385

+3%

Rasan

17

--

Alkhorayef Water

53

+50%

ACWA Power

365

(12%)

Al Arabia

87

+2%

AMAK

34

+221%

SMASCO

38

(10%)

Seera

60

(13%)

Tadawul Group

164

+56%

Riyadh Cables

149

+81%

 

Al Rajhi Capital’s H1 2024 Forecasts (NOMU)

Company

H1 2024

 Estimates

(SAR mln)

Change

(YoY)

Marble Design

9

(17%)

TAM Development

6

+27%

Jahez

73

+17%

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