SNB Capital issues Q1 2024 earnings estimates

15/04/2024 Argaam Special

SNB Capital issues Q1 2024 earnings estimates


SNB Capital issued Q1 2024 earnings forecasts for Tadawul-listed banks and firms under its coverage, led by Saudi Basic Industries Corp. (SABIC), Al Rajhi Bank and Saudi Electricity Co. (SEC).

 

Below is the list of SNB Capital’s first-quarter estimates for banks and firms under its coverage:

 

SNB Capital's Forecasts for Q1 2024 Profit (SAR mln)

Company

Q1 2024 (Projected)

YoY Change

Petrochemicals

SABIC

480.0

(27%)

SIIG

23.7

--

Yansab

90.0

--

Advanced

9.9

(77%)

Tasnee

67.3

(18%)

Sipchem

169.0

(64%)

SABIC Agri-Nutrients

696.0

(29%)

Saudi Kayan

(477.0)

--

Arabian Drilling

187.0

+32%

Luberef

246.0

(45%)

ADES

194.0

+210%

Banks

Al Rajhi Bank

4428.0

+7%

Alinma Bank

1393.0

+44%

BSF

1125.0

+5%

Bank Albilad

612.0

+9%

Riyad Bank

2153.0

+7%

Bank AlJazira

283.0

+39%

Telecommunications

stc

2892.0

(7%)

Mobily

549.0

+18%

Zain KSA

28.8

(95%)

solutions

350.0

+15%

Healthcare

Saudi German Health

52.9

+6%

Mouwasat

209.0

+25%

Al Hammadi

80.0

(2%)

Sulaiman Al Habib

549.0

+12%

Dallah

111.0

+17%

Tourism

SGS

70.5

+76%

CATRION

78.7

+38%

Seera

59.7

+8%

Retail

Leejam Sports

75.2

+20%

eXtra

88.0

+4%

Shaker

28.6

 (1%)

Jarir

261.0

+5%

BinDawood Holding

60.0

+17%

Al Othaim

130.0

+8%

Nahdi

249.0

+2%

Americana*

40.8

 (30%)

Aldawaa

83.7

+10%

Cement

Arabian Cement

48.1

(2%)

Yamama Cement

77.9

(31%)

Eastern Cement

58.4

+5%

Qassim Cement

43.4

(21%)

Southern Cement

30.2

(38%)

Saudi Cement

88.1

(29%)

Yanbu Cement

33.1

(35%)

Riyadh Cement

45.4

--

Real Estate

Dar Al Arkan

122.0

+4%

Taiba

68.8

+11%

Food & Beverages

Almarai

642.0

+1%

Savola

267.0

(32%)

First Mills

67.6

(8%)

Car Rental

Lumi

44.8

(11%)

Budget Saudi

75.7

+9%

Theeb

41.4

(2%)

SAL

211.0

+103%

Others

SEC**

530.0

+10%

Tadawul Group

166.0

+83%

Saudi Steel Pipe

49.1

+671%

*Americana profit in US dollar

**Profit before Mudaraba gains

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