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SASE:2310

3 stories mentioning SASE:2310Updated 17d ago

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Equities

Saudi Arabia's Sipchem Swings to H1 Net Loss; Revenue Falls

Sahara International Petrochemical Co. (SASE:2310), d/b/a Sipchem, said Wednesday it swung to a net loss in the first half, while revenue declined year over year.Net loss attributable to shareholders of the company for the six months ended June 30 was 807.2 million Saudi riyals, compared with a net profit of 26.1 million riyals a year earlier. Loss per share was 1.11 riyals, compared with an EPS of 0.04 riyal previously.The Saudi Arabia-listed chemical company's revenue was 2.09 billion riyals, compared with 3.88 billion riyals a year ago.

SASE:2310
Research

Goldman Sachs Reduces Sipchem PT, Keeps Sell Rating

Goldman Sachs on Monday decreased its price target for chemicals company Sahara International Petrochemical Co. (SASE:2310), d/b/a Sipchem, to 14.60 Saudi riyals from 16.10 riyals, with an unchanged sell 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)

SASE:2310
Research

Riyad Capital Cuts Sipchem PT, Keeps Neutral Rating

Riyad Capital on Tuesday lowered its price target for chemicals company Sahara International Petrochemical Co. (SASE:2310), d/b/a Sipchem, to 13.67 Saudi riyals from 19.00 riyals, with an unchanged 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)

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