Aljazira Capital has issued earnings estimates for Q2 2017, which coincided with the beginning of summer vacation, Ramadan, and Eid Al-Fitr; seasonality factors that may affect the companies' figures.
In the banking sector, Al Rajhi Bank is estimated to post a 9 percent year-on-year (YoY) hike in earnings to SAR 2.2 billion.
Bank Albilad is estimated to post a 25.2 percent jump YoY in Q2 2017 earnings to SAR 230 million.
Among telecoms, Saudi Telecom Co. is projected to post a 33.8 percent YoY leap in net earnings to SAR 2.5 billion.
As for petrochemicals, Aljazira Capital expects Saudi Basic Industries Corporation (SABIC) to post SAR 4.7 billion earnings in Q2 2017, down by 0.9 percent YoY.
Elsewhere, Saudi Arabian Mining Co. (Maaden) is projected to generate SAR 368.7 million in net profit in, surging 178.4 percent YoY.
Yamama Cement is seen making the biggest profit fall in Q2 2017 at 59.7 percent YoY to SAR 46.8 million.
Jarir Marketing Co. is projected to report the highest profit growth of 19.3 percent YoY in Q2 2017 to SAR 153.4 million. Meanwhile, Fawaz Alhokair is seen making the biggest profit rise quarter-on-quarter (QoQ) of 272.8 percent to SAR 216.5 million in Q2 2017.
As for healthcare, Dallah Healthcare is estimated to generate SAR 66.5 million in net profit, leapfrogging 22.2 percent YoY in Q2 2017.
However, Al Tayyar Travel Group is forecasted to see profit drop by 20.8 percent YoY to SAR 237.5 million in the second quarter of 2017.
In the food & beverages sector, Almarai Co. is seen making a profit surge of 18.6 percent YoY in to SAR 746 million.
|
Aljazira Capital Profit Estimates (SAR mln) |
||
|
Company |
Q2 forecast |
YoY change |
|
|
Banks |
|
|
Al Rajhi Bank |
2,236.4 |
9.0% |
|
Bank Alinma |
431.3 |
5.4% |
|
Bank Albilad |
230.2 |
25.2% |
|
|
Telecom |
|
|
STC |
2,495.3 |
33.8% |
|
Mobily |
(170.4) |
-- |
|
Zain |
49.2 |
-- |
|
|
Retail |
|
|
Jarir |
153.4 |
19.3% |
|
Alhokair |
216.5 |
1.7% |
|
SACO |
38.8 |
6.8% |
|
|
Materials |
|
|
SABIC |
4691.8 |
(0.9%) |
|
Tasnee |
119.5 |
15.1% |
|
Yansab |
482.9 |
(29.9%) |
|
SAFCO |
276.9 |
(7.5%) |
|
Sipchem |
39.4 |
51.7% |
|
Kayan |
210.1 |
130.8% |
|
Sahara Petrochemicals |
116.9 |
21.2% |
|
Petrochem |
101.3 |
(51.4%) |
|
Maaden |
368.7 |
178.4% |
|
Yamama Cement |
46.8 |
(59.7%) |
|
Saudi Cement |
136.1 |
(45.4%) |
|
Southern Cement |
91.3 |
(65.9%) |
|
Qassim Cement |
65.5 |
(43.2%) |
|
Arabian Cement |
79.1 |
(44.6%) |
|
Yanbu Cement |
90.7 |
(42.8%) |
|
City Cement |
30.8 |
(52.5%) |
|
Eastern Cement |
45.0 |
(9.6%) |
|
|
Healthcare |
|
|
Al Hammadi |
24.4 |
16.6% |
|
Mouwasat |
70.0 |
12.4% |
|
Care |
23.7 |
(59.0%) |
|
Dallah |
66.5 |
22.2% |
|
|
Consumer Services |
|
|
Al Tayyar |
237.5 |
(20.8%) |
|
Al Hokair Group |
17.44 |
(6.3%) |
|
|
Food & Beverages |
|
|
Almarai Co. |
746 |
18.6% |
|
Halwani Bros |
25.5 |
(18.5%) |
|
Al-Jouf Agri |
22.9 |
2.7% |
|
MISC |
||
|
Budget |
39.5 |
(15.4%) |
|
Catering |
128.7 |
(11.3%) |
|
Al Khaleej |
0.5 |
-- |
|
Al Othaim |
157.7** |
213.5% |
**Net income from operations is estimated at SAR 60.9 mln; assuming SAR 96.8 mln capital gain on asset sale.
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