Recommendations

The cement producer's sales amounted to 870,000 tonnes in Q4-17

8 February 03:25 PM Yamama Cement sees all-time low profits in Q4 – Report

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 …

Stock Evaluations

Al-Rajhi remained Neutral on STC's stock at current prices

29 October 2017 05:09 PM Al Rajhi lowers STC’s target price to SAR 69/shr

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 …

Stock Evaluations

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24 October 2017 07:54 PM Al-Rajhi Capital raises Yansab’s TP to SAR 62.5/shr

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 …

Stock Evaluations

Zain and Mobily continue to work on controlling costs

26 September 2017 02:12 PM STC remains defensive pick as telecom earnings drop in Q3 – Report

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, …

Stock Evaluations

The research firm also maintained its Neutral rating

8 August 2017 10:49 PM Al Rajhi Capital raises Savola’s TP to SAR40.8/shr

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 …

Stock Evaluations

The research company decreased the stock’s target price to SAR 57 per share

6 August 2017 08:39 PM Al Rajhi maintains ‘Neutral’ on Herfy; cuts PT

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 …

Stock Evaluations

SABIC posted 1.5 million traded shares

30 July 2017 00:20 PM SABIC stock falls on lower Q2 profits

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 …

Trading Activities

Mobile incurred a loss of nearly SAR 190 million in Q2-17

25 July 2017 00:51 PM Al Rajhi Capital downgrades Mobily target price

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 …

Stock Evaluations

The transaction included 3 million shares

24 July 2017 03:36 PM Private transaction on Al Marai posts SAR 249m

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 …

Trading Activities

Yansab’s revenues came SAR 200 million lower than Al Rajhi’s estimates

18 July 2017 00:18 PM Al Rajhi Capital overviews Yansab financial results

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 …

Ratings

Budget Saudi’s EBITDA margin was pushed to 57.1%

17 July 2017 01:04 PM MubasherTrade Research closes position in Budget Saudi

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 …

Stock Evaluations

The stock edged down 0.6%

16 July 2017 02:13 PM Banque Saudi Fransi stock hits highest level in 2 yrs

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 …

Trading Activities

Sales volume recently decreased due to the continuous slowdown in construction activities and the stiff competition

4 July 2017 02:44 PM Saudi cement companies’ profits to drop in Q2

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 …

Stock Evaluations

The stock was traded between the levels SAR 113.40 and SAR 112

4 July 2017 11:33 AM Al Othaim Markets sees SAR 27.55m in private transactions

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 …

Insider Trading & Treasury Stocks

The offset losses was turned into retained profits worth SAR 17.578 million

12 June 2017 04:58 PM Gulf Union cuts accumulated losses by 34%

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 …

Stock Evaluations

The companies are Al Rajhi, Al Yamamah Steel, and Alujain Corp

1 June 2017 11:33 AM Three KSA-listed firms join MSCI EM Thursday

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 …

Event

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23 May 2017 04:38 PM Al Rajhi Capital set Sipchem PT at SAR 16.6

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 …

Stock Evaluations

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21 May 2017 08:41 PM Albilad Capital sets FV for NADEC’s at SAR27.4/shr

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 …

Stock Evaluations

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9 May 2017 00:40 PM Jarir Q1 results beat NCBC, Al Rajhi Capital estimates

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 …

Stock Evaluations

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9 May 2017 00:18 PM Mouwasat to see strong growth by mid-2020 – Al Rajhi Capital

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%. …

Stock Evaluations

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7 May 2017 00:13 PM Al Rajhi Capital upgrades valuation on Bahri to ‘Neutral’

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 …

Stock Evaluations

(Photo Credit: Arabianeye-Reuters)

7 May 2017 00:07 PM NCBC sets PT of STC at SAR 69

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 …

Stock Evaluations

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7 May 2017 11:32 AM Al Rajhi Capital raises PT of Herfy to SAR 85

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 …

Stock Evaluations

(Photo Credit: Arabianeye-Reuters)

2 May 2017 11:41 AM NCBC sets SABIC PT at SAR 90; ‘Neutral’ recommendation

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 …

Stock Evaluations

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2 May 2017 10:35 AM Albilad Capital sets FV of SAFCO at SAR 64.5

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” …

Stock Evaluations