Riyadh – Mubasher: Yamama Cement Co’s net profit for the fourth quarter of 2017 is the lowest in the company’s history, according to a recent report by NCB Capital on Thursday. The Saudi Arabia-based firm's Q4-17 profits of SAR 16.9 million has …
Riyadh - Mubasher: Al-Rajhi Capital has slightly lowered the target price (TP) for Saudi Telecom Company (STC) to SAR 69 per share, according to a report issued Sunday. The research firm has also maintained its Neutral recommendation on the stock …
Mubasher: Al Rajhi Capital have adjusted the target price (TP) for Yanbu National Petrochemicals (Yansab) to SAR 62.5 per share, according to a recent note published on Tuesday. Yanbu National Petrochemicals’ (Yansab) financial results for the …
Riyadh – Mubasher: Al Rajhi Capital on Tuesday said that the Saudi telecommunications sector is likely to witness a drop in earnings for the third quarter of 2017. Factors that lead to this decline include; longer than usual school holidays, …
Riyadh - Mubasher: Al Rajhi Capital Research has revised its target price (TP) for Savola Group to SAR 40.8 per share, up from SAR 39.4, and maintained their “Neutral” rating, according to a recent report. “Our target price implies 8.9% downside …
Riyadh - Mubasher: Al Rajhi Capital has maintaited its “Neutral” rating for Herfy Food, and reduced the stock’s price target (PT) to SAR 57 down from SAR 60.6 per share, according to a recent report. “Our target price implies 6.6% upside from the …
Riyadh – Mubasher: The stock of Saudi Basic Industries Corp (SABIC) on Sunday retreated by 1.26% to reach SAR 98.8, following the disclosure of its financial statements for the second quarter of 2017. By 11:37 am KSA local time, SABIC posted 1.5 …
Riyadh – Mubasher: Al Rajhi Capital has downgraded the target price (TP) of Etihad Etisalat Co’s (Mobily) stock to SAR 16.5 per share instead of SAR 18. This downgrade will lead to a decline of 12% in the stock’s current market price, according to …
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) on Monday registered one private transaction on Al Marai’s stock at a value of SAR 249 million, according to recent data. The transaction included 3 million shares at a value of SAR 83 each. By …
Riyadh – Mubasher: Al Rajhi Capital said that the financial statements of Yanbu National Petrochemicals (Yansab) in the past two quarters registered a weak performance; however, the company is expected to revive in the current time. The research …
Mubasher: MubasherTrade Research has closed its position in United International Transportation (Budget Saudi) at SAR 21.31 per share, with a negative return of 20.41%. Budget Saudi followed in the footsteps of similar businesses in the Kingdom as …
Riyadh – Mubasher: The stock of Banque Saudi Fransi on Sunday registered its highest level since 10 September 2015, after reaching SAR 32.6 by 1:58pm KSA time. Meanwhile, the stock edged down 0.6%, with a trading value of SAR 1.7 million. It is …
Riyadh - Mubasher: Six Saudi cement companies are expected to see a decline in their revenues and profits, by 37.1% to 62.8% in the second quarter of 2017, according to a recent report by Al Rajhi Capital. The companies are namely; Arabian …
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) saw two private transactions executed on Abdullah Al Othaim Markets’ stock at a total value of SAR 27.55 million. Around 242,970 shares of Al Othaim were traded at a value of SAR 113.40 per …
Riyadh – Mubasher: Gulf Union Cooperative Insurance announced offsetting its accumulated losses, which have reached SAR 73.6 million, by 33.5%. Decreasing the accumulated losses was attributed to reducing the company’s capital after obtaining the …
Riyadh – Mubasher: Three Saudi-listed firms joined the MSCI Emerging Markets (EM) Index by the beginning of Thursday’s trades. The companies are Al Rajhi, Al Yamamah Steel, and Alujain Corp. As per a biannual study for the index, Abdullah Al …
Riyadh – Mubasher: Al Rajhi Capital said that Saudi International Petrochemical Company’s (Sipchem) results in the first quarter of this year of SAR 92 million came lower than consensus estimate of SAR108 million and its estimate of SAR 131 …
Riyadh - Mubasher: Albilad Capital has set the fair value of National Agricultural Development Company (NADEC) at SAR 27.4 per share with a Neutral recommendation, 9.1% lower than the price with which it closed Sunday’s trading session in the …
Riyadh – Mubasher: NCB Capital (NCBC) and Al Rajhi Capital said that the results of Jarir Marketing for the first quarter of 2017 were better than expected and revenues witnessed unexpected growth. NCBC set the price target (PT) at SAR 142.6, with …
Riyadh – Mubasher: Al Rajhi Capital said that Mouwasat Medical Services Company’s expansion plans will ensure high growth rates by mid-2020; however, during the next few years, the company’s growth is expected to slow down from the current 20%. …
Riyadh – Mubasher: Al Rajhi Capital upgraded its valuation on the National Shipping Company of Saudi Arabia (Bahri) to “Neutral”. The research firm maintained the stock’s price target (PT) unchanged at SAR 38.6, leaving a 6% upside rate, bearing …
Riyadh – Mubasher: Saudi Telecom Company (STC) achieved better than expected profits worth SAR 2.53 billion in the first quarter of this year, with a rise of 5.4% year-on-year. STC’s results beat NCB Capital’s (NCBC) and consensus’ estimates of …
Riyadh – Mubasher: Al Rajhi Capital expected that like-for-like (LFL) sales of Herfy Food Services Co are likely to fall in the future after cutting allowances which gives a fillip to discretionary purchases, including quick service restaurants …
Riyadh – Mubasher: NCB Capital (NCBC) set the price target (PT) of Saudi Basic Industries Corp (SABIC) at SAR 90, with a “Neutral” recommendation. The Saudi-listed firm’s results of SAR 5.24 billion came in line with the consensus estimate of SAR …
Riyadh – Mubasher: Saudi Arabian Fertilisers Company’s (SAFCO) results for the first quarter of 2017 beat the estimates of SAR 353 million, Albilad Capital said. The research firm set the fair value (FV) of SAFCO at SAR 64.5, with a “Neutral” …
