SABIC does well, but below forecasts - The world's largest chemical firm by market value posted a net profit of 5.81 billion riyals ($1.55 billion), compared with 4.58 billion in the fourth quarter of 2009 and an average analyst forecast of 5.87 billion.
[FONT='Arial','sans-serif']“While the reported numbers reflect a strong operating environment (think of the market and the analysts expectations for FY earnings at the beginning of 2010!!),” says Dr. Mahdi H. Mattar, Head of Research & Chief Economist at CAPM investment in a note.[/FONT]
[FONT='Arial','sans-serif']“T[/FONT][FONT='Arial','sans-serif']he market might be slightly disappointed, as the figures are below the market whisper number of “above SAR 6bn”. The reason is, this week SAFCO and Yansab both reported strong Q4 results.[/FONT]
[FONT='Arial','sans-serif']“On the short term, we expect the stock to witness some profit taking after its recent run, and in light of the current results, [/FONT]
[FONT='Arial','sans-serif']“On the long term, while valuation seems full and the room for further earning grow is limited (single digit), we expect the stock to perform well, if oil prices remain in this range.”[/FONT]
[FONT='Arial','sans-serif']The company will hold a news conference on Wednesday at 0700 GMT to detail its earnings.[/FONT]
حي الله اخونا الجبل الحمدلله على السلامة
للأيضاح فقط::::::::::
بحسب رويترز: متوسط توقعات المحللين كانت عند 5.87بليون
بينما نتائج سابك هي 5.81بليون.... عموما الفرق ليس بكبير جدا
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