9 stories mentioning SASE:2290Updated 16d ago
Every FINWIRES story that references SASE:2290, newest first.
Arqaam Capital on Thursday raised the price target for petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to 31.00 Saudi riyals from 30.00 riyals and affirmed its hold 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://finwires.com/en/contact)
SNB Capital Research highlighted Yanbu National Petrochemical's (SASE:2290), d/b/a Yansab's, "strong" financial results in the second quarter, noting that the company achieved its highest net income since the same quarter in 2022."Yansab reported a strong set of Q2 26 results with a net profit of SAR259mn, compared to profits of SAR11.2mn and SAR44.6mn in Q1 26 and Q2 25, respectively. The results were higher than the SNB Capital and consensus estimates of SAR180mn and SAR190mn, respectively. This is the highest net income since Q2 22. We believe the variance was driven by 1) higher realized selling prices and 2) exceptional gross margins, which came in at 28.4% (vs our estimates of 18.6%) and reached the highest level since Q2 21," analysts said in a Wednesday note.Additionally, the petrochemical products company logged a 34.8% yearly increase in revenue to 1.88 billion riyals, which was higher than SNB Capital's 1.76 billion-riyal estimate.The stock has a neutral rating and a price target of 27 Saudi riyals at SNB Capital.
Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, said Wednesday its board decided to distribute an unchanged cash dividend of 1 Saudi riyal per share for the first half of 2026.The petrochemical products company will pay the dividend on Sept. 28 to shareholders on record as of Sept. 6.
Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, said Wednesday that attributable profit and revenue for the first half grew year over year.Net profit attributable to shareholders of the issuer for the six months ended June 30 was 270 million Saudi riyals, compared with 58.2 million riyals earlier. EPS moved to 0.48 riyal from 0.1 riyal.The Tadawul-listed petrochemical products company's revenue was 3.2 billion riyals, compared with 2.91 billion riyals a year ago.
Goldman Sachs on Tuesday lowered the price target for Saudi Arabian petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to 33.30 Saudi riyals from 37 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://finwires.com/en/contact)
JPMorgan on Wednesday lowered petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to neutral from overweight and kept its price target at 33 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://finwires.com/en/contact)
Morgan Stanley on Tuesday lowered petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to underweight from equal weight and increased its price target to 29.50 Saudi riyals from 28.50 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://finwires.com/en/contact)
Riyad Capital on Thursday increased the price target for Saudi Arabian petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to 32 Saudi riyals from 22 riyals and reiterated 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://finwires.com/en/contact)
Goldman Sachs on Wednesday upgraded petrochemical products company Yanbu National Petrochemical (SASE:2290), d/b/a Yansab, to neutral from sell and increased its price target to 36.90 Saudi riyals from 30.60 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://finwires.com/en/contact)
