ALMARAI
2280
2280
MAADEN
1211
1211
ALRAJHI
1120
1120
SAUDI CEMENT
3030
3030
Alawwal Bank
1040
1040
YCC
3060
3060
BSF
1050
1050
STC
7010
7010
ACC
3010
3010
By Mohamed Abu Meleeh:
Riyadh-Mubasher: Alistithmar Capital issued a report about its forecasts for earnings of 27 Saudi companies across seven sectors for the fourth quarter in 2014.
The research firm expected 11 listed banks to post profit growth year-over-year, but forecast 6 banks to post profit fall quarter-on-quarter and the other 5 to report profit rise q/y.
Banque Saudi Fransi (BSF) was expected to post the biggest increase year-over-year, with a 215.8% profit rise, followed by Saudi Hollandi Bank (SHB) (+28.6%), while Riyad Bank was forecast to tail the list with 2.4% rise.
Meanwhile, Arab National Bank was expected to post the biggest profit decline quarter-on-quarter with 25.3% fall, while Bank Al-Jazira was expected to post the biggest increase quarter-on-quarter (+249.58%).
Earnings of the overall sector were projected to rise by 17.53% y/y but to drop by 1.15% q/y. The report issuer also made estimates for earnings of 4 petrochemical companies. SABIC profit was expected to decline 9.7% y/y and 9.3% q/y. SAFCO profit was estimated to decline by 4.2% y/y and 15.9% q/q. Meanwhile, Yansab and Advanced Petrochemicals were projected to post profit rise y/y.
In the industrial investment sector, Ma’aden was forecasted to post SAR 445 million earnings, compared with SAR 485 million in Q3-14 but against SAR 29.2 million loss in Q4-13.
In the cement sector, the report issuer expected profit rise for three companies; Yanbu Cement (+24.4%), Qassim Cement (+2.7%) and Saudi Cement (+0.6%). Earnings of Yamama Cement and Southern Province Cement were expected to decline by 5.3% y/y.
In retail sector, Earnings of Al Othaim and Jarir were projected to grow by 7.5% and 4.6% y/y. Al Othaim profit was expected to rise by 78% q/q while Jarir profit was expected to decline by 17.5%.
Three companies in the agricultural sector were forecasted to post a profit rise; Saudi Catering (+32.4%), Almarai (+16.4%) and Nadec (+6.6%).
In the telecommunications sector, STC was forecast to post a profit decline by 2% y/y and 16.6% q/q.
Translated by Sayed Abdel Rahman
Photo Credit: Arabianeye-Reuters
Riyadh-Mubasher: Alistithmar Capital issued a report about its forecasts for earnings of 27 Saudi companies across seven sectors for the fourth quarter in 2014.
The research firm expected 11 listed banks to post profit growth year-over-year, but forecast 6 banks to post profit fall quarter-on-quarter and the other 5 to report profit rise q/y.
Banque Saudi Fransi (BSF) was expected to post the biggest increase year-over-year, with a 215.8% profit rise, followed by Saudi Hollandi Bank (SHB) (+28.6%), while Riyad Bank was forecast to tail the list with 2.4% rise.
Meanwhile, Arab National Bank was expected to post the biggest profit decline quarter-on-quarter with 25.3% fall, while Bank Al-Jazira was expected to post the biggest increase quarter-on-quarter (+249.58%).
Earnings of the overall sector were projected to rise by 17.53% y/y but to drop by 1.15% q/y. The report issuer also made estimates for earnings of 4 petrochemical companies. SABIC profit was expected to decline 9.7% y/y and 9.3% q/y. SAFCO profit was estimated to decline by 4.2% y/y and 15.9% q/q. Meanwhile, Yansab and Advanced Petrochemicals were projected to post profit rise y/y.
In the industrial investment sector, Ma’aden was forecasted to post SAR 445 million earnings, compared with SAR 485 million in Q3-14 but against SAR 29.2 million loss in Q4-13.
In the cement sector, the report issuer expected profit rise for three companies; Yanbu Cement (+24.4%), Qassim Cement (+2.7%) and Saudi Cement (+0.6%). Earnings of Yamama Cement and Southern Province Cement were expected to decline by 5.3% y/y.
In retail sector, Earnings of Al Othaim and Jarir were projected to grow by 7.5% and 4.6% y/y. Al Othaim profit was expected to rise by 78% q/q while Jarir profit was expected to decline by 17.5%.
Three companies in the agricultural sector were forecasted to post a profit rise; Saudi Catering (+32.4%), Almarai (+16.4%) and Nadec (+6.6%).
In the telecommunications sector, STC was forecast to post a profit decline by 2% y/y and 16.6% q/q.
Translated by Sayed Abdel Rahman
Photo Credit: Arabianeye-Reuters
Source:
Mubasher
