Aljazira Cap issues Q2 forecasts for petchem firms; SABIC to jump 57%
04/07/2018
Argaam
Aljazira Capital has issued second-quarter profit forecasts for a number of Saudi petrochemical companies under coverage.
Saudi Basic Industries Corporation’s (SABIC) net profit for Q2 2018 is expected to reach SAR 5.83 billion, surging 57 percent year-on-year (YoY).
Meanwhile, National Industrialization Co. (Tasnee) earnings are expected to rise more than fourfold.
Below is a list of Aljazira Capital’s estimates, as compiled by Argaam.
|
Aljazira Capital’s Q2 Forecasts (SAR mln) |
||
|
Company |
Q2 2018 Estimates (SAR mln) |
YoY Variation |
|
Petrochemicals Sector |
||
|
SABIC |
5,825.3 |
+57% |
|
Yansab |
785.7 |
+127% |
|
SAFCO |
231.1 |
+13% |
|
Sipchem |
187.9 |
+214% |
|
Advanced |
209.3 |
+8% |
|
Tasnee |
395.0 |
+322% |
|
Kayan |
503.7 |
+108% |
|
Sahara |
142.2 |
+61% |
|
Petrochem |
347.4 |
+163% |
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
TASNEE
8.94
(0.06)
(0.67%)
SABIC
48.58
(0.92)
(1.86%)
SABIC AGRI-NUTRIENTS
127.30
1.00
0.79%
Sahara Petrochemicals
17.46
0.20
1.16%
YANSAB
32.44
(0.36)
(1.10%)
SIPCHEM
12.85
(0.09)
(0.70%)
SAUDI KAYAN
5.22
(0.02)
(0.38%)
Petrochem
45.45
(0.60)
(1.30%)
ADVANCED
22.30
(0.16)
(0.71%)
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