12 stories mentioning SASE:2020
Every FINWIRES story that references SASE:2020, newest first.
JP Morgan on Tuesday lowered its price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 141 Saudi riyals from 162 riyals, while maintaining a neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
BofA Global Research revised its price objective and earnings forecasts for Sabic Agri-Nutrients (SASE:2020), noting expectations of a slower increase in exports in the second quarter."SABIC Agri-Nutrients on its analyst call stated that after launching its first bulk urea shipment from Yanbu port on the West Coast (mid-May), it has been able to export 40% of urea production from the West Coast and aims to reach 70% (no timeline disclosed). On the back of a slower-than-expected increase in export volumes in 2Q (we forecast 18% lower volumes than our previous forecast), we lower our FY26E sales volumes as a percentage of capacity to 70% from 75%. We hence lower our FY26E EPS by 6% [to SAR 10.51] and our [price objective] to SAR 173 from SAR 175," according to a Tuesday note.As such, the research firm now expects second-quarter sales volumes of 0.96 million tonnes and net income of 938 million Saudi riyals. Conversely, analysts lifted their EPS estimates for full-year 2027 and 2028 to 9.96 riyals and 9.45 riyals, respectively, from 9.91 riyals and 9.40 riyals.BofA also reiterated its buy rating, highlighting management commentary that its urea plants are "operating at full capacity." The comments suggest the company can sell volumes "quickly" when the Strait of Hormuz opens, the research firm added.
Morgan Stanley on Tuesday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 154.50 Saudi riyals from 135.50 riyals and kept its rating at equal weight.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Sabic Agri-Nutrients (SASE:2020) extended its memorandum of understanding with the Public Investment Fund's Saudi Agricultural and Livestock Investment Co., or SALIC, to explore global commercial and innovation opportunities in the field of food security and address environmental challenges.The agreement will take effect for three more years from the expiration of the MoU on March 1, with the same terms and conditions, according to a Monday release by the petrochemical company.
UBS on Friday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 60.90 Saudi riyals from 60.50 riyals and retained its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
HSBC on Tuesday raised the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 165 Saudi riyals from 148 riyals and kept its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
SNB Capital on Sunday increased the price target for petrochemical company Sabic Agri-Nutrients (SASE:2020) to 138.10 Saudi riyals from 122.20 riyals and affirmed its neutral rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Riyad Capital on Sunday downgraded petrochemical company Sabic Agri-Nutrients (SASE:2020) to neutral from buy, while maintaining the price target at 150 Saudi riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
The Tadawul All Share Index extended its losing streak to a fifth day as it closed Thursday 1.20% lower as tensions in the Strait of Hormuz dampened investor sentiment.The US reportedly blocked at least three Iranian-flagged ships in Asia as part of its blockade plan in the strait, Reuters reported, citing sources. A US source said that the move aims to help ships avoid the mines in the area.Back at home, Saudi Arabia's merchandise trade surplus increased to 22.95 billion Saudi riyals in February, compared with the prior month's revised 14.0 billion riyals.Meanwhile, merchandise exports climbed 4.7% year over year in the reporting month, while imports rose 6.6% year over year. The report also affirmed that China was the kingdom's main merchandise trading partner."Non-oil exports, including re-exports, recorded an increase of 15.1% compared to February 2025, while national non-oil exports, excluding re-exports, increased by 6.3%. Moreover, the value of re-exported goods increased by 28.5% during the same period, driven by a 59.9% increase in 'Machinery, electrical equipment and parts', which represented 53.9% of total re-export," the report said.On the corporate front, Jamjoom Pharmaceuticals Factory Co. (SASE:4015), Etihad Etisalat (SASE:7020), d/b/a Mobily, and Sabic Agri-Nutrients (SASE:2020) posted their financial statements for the first quarter of 2026. All three stocks reported higher net profit and revenue.Jamjoom Pharmaceuticals and Sabic Agri-Nutrients closed 0.26% and 5.05% lower, while Mobily closed flat.
Sabic Agri-Nutrients (SASE:2020) said Thursday that its net profit in the first quarter rose, while revenue declined year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 1.23 billion Saudi riyals, compared with 985 million riyals a year ago. EPS moved to 2.58 riyals from 2.07 riyals.The Saudi Arabia-listed petrochemical company's revenue was 2.87 billion riyals, compared with 3.07 billion riyals earlier.
Sadif Investment Analytics on Monday upgraded petrochemical company Sabic Agri-Nutrients (SASE:2020) to strong buy from hold and raised its price target to 173.48 Saudi riyals from 126.34 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Goldman Sachs on Wednesday increased the price target for Saudi Arabian petrochemical company Sabic Agri-Nutrients (SASE:2020) to 175.00 Saudi riyals from 142.00 riyals and affirmed its buy rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)