Saudi Ground Services’ Q2 profit exceeds expectations: NCB Cap
30/07/2019
Argaam
Saudi Ground Services Co.'s (SGS) second-quarter profit has exceeded NCB Capital's and analysts’ expectations, NCB Capital said in a note.
“The company's better-than-expected results are driven by lower operating costs in Q2,” the brokerage firm said.
“Operating efficiency, the air traffic growth and attractive dividend yield of 6.1 percent are key drivers for the stock, the brokerage added.
NCB Capital recommended "an overweight" rating on the stock, with a target price of SAR 37.20.
Market Indices
TASI
10,542.23
(47.72)
(0.45 %)
Quotes
SGS
22.12
(1.16)
(4.98%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}