Aljazira Capital issues Q4 earnings forecast for Saudi firms

06/01/2019 Argaam

 

Aljazira Capital on Sunday published its fourth quarter 2018 estimates for several Saudi companies and banks under its coverage.

 

Saudi Basic Industries Corporation’s (SABIC) net profit for Q4 is expected to reach SAR 5.1 billion, up 39 percent year-on-year (YoY). Blue chip Al Rajhi Bank’s earnings are expected to rise 7 percent YoY to SAR 2.62 billion.

 

Saudi Telecom Co. (STC) is projected to report a net profit of SAR 2.81 billion, a 6 percent YoY increase.

 

Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.

 

Q4 Net Profit Forecasts (SAR mln)

Company

Q4 2018E

YoY Change

Average estimates

Banks

Al Rajhi

2,621.6

+6.9%

Average estimates

Alinma

656.8

+17.3%

Average estimates

Albilad

297.9

+31.9%

Average estimates

Petrochemicals

SABIC

5,094.0

+38.8%

Average estimates

Yansab

466.2

(40.1%)

Average estimates

Safco

603.1

+865%

Average estimates

Sipchem

100.7

(38.8%)

Average estimates

Advanced

200.4

+93%

Average estimates

Tasnee

314.1

(4.2%)

Average estimates

Kayan

379.6

NA

Average estimates

Sahara

84.1

(11.1%)

Average estimates

Petrochem

250.8

(35.9%)

Average estimates

Telecom

STC

2,811.8

+6.1%

Average estimates

Mobily

(89.0)

+51%

Average estimates

Zain

245.3

+411.3%

Average estimates

Basic Materials

Yamama Cement

(29.9)

NA

Average estimates

Saudi Cement

80.4

+6.6%

Average estimates

Southern Cement

12.7

(88.8%)

Average estimates

Qassim Cement

6.7

(90.1%)

Average estimates

Arabian Cement

(9.0)

NA

Average estimates

Yanbu Cement

15.4

(83.9%)

Average estimates

City Cement

4.7

(80.3%)

Average estimates

Eastern Cement

10.9

+40.6%

Average estimates

Healthcare

Al Hammadi

22.5

(26.8%)

Average estimates

Mouwasat

109.4

+11%

Average estimates

Care

24.0

(21.8%)

Average estimates

Dallah

44.8

(29.0%)

Average estimates

Saudi German

49.4

(21.9%)

Average estimates

Others

Maaden

454.4

NA

Average estimates

Al Hokair Group

(8.7)

(17.6%)

Average estimates

Almarai**

530.8

+3.5%

Average estimates

Budget

39.1

+81.3%

Average estimates

Catering

119.6

+20.9%

Average estimates

Al Othaim

80.6

+34%

Average estimates

Bahri

221.1

(69%)

Average estimates

**4Q-18 net income does not include the capital gain of asset sale 

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