6 stories mentioning SASE:4003Updated 6d ago
Every FINWIRES story that references SASE:4003, newest first.
SNB Capital on Thursday reduced the price target for consumer electronics and home appliances company United Electronics Co. (SASE:4003), d/b/a eXtra, to 82.90 Saudi riyals from 96.20 riyals and affirmed its overweight 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)
The Tadawul All Share Index closed Wednesday muted at 0.01% in the green as market watchers assess the latest geopolitical updates on the US-Iran peace deal.US President Donald Trump said at the two-day NATO summit in Turkey that its memorandum of understanding with Iran was "over." The statement came after renewed attacks were reported at the Strait of Hormuz, raising concerns about the area's security and safety.Speaking of the US, investors are also tuned into the Federal Reserve's newest meeting minutes. The minutes can help provide investors with insights regarding the group's next rate moves."Today's minutes will clarify how serious members are about the possibility of rate hikes. Based on post-meeting communication, we see limited risk of a dovish surprise in the minutes. We expect a cementing of the hawkish message to firm up dollar momentum, although we don't expect it to lead to a break higher as markets may be reluctant to reprice rate expectations aggressively higher (now 35bp by December) after the soft jobs report," ING said in a note.Back at home, United Electronics Co. (SASE:4003), d/b/a eXtra, shares declined 6.03% despite logging a preliminary 2.377% increase in estimated attributable net profit and a 5.269% rise in estimated revenue for the first half of 2026.Meanwhile, Academy of Learning Co. (SASE:9541) entered into a one-year contract for the entry-level employment training and qualification programs with the Human Resources Development Fund, or Hadaf. Shares of the education and training services company closed 3.04% lower.
HSBC on Thursday lowered its price target for consumer electronics and home appliances company United Electronics Co. (SASE:4003), d/b/a eXtra, to 103 Saudi riyals from 112 riyals, with an unchanged 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://finwires.com/en/contact)
Morgan Stanley on Thursday lowered the price target for consumer electronics and home appliances company United Electronics Co. (SASE:4003), d/b/a eXtra, to 88 Saudi riyals from 93 riyals and affirmed its equal weight 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)
Saudi Exchange-traded shares extended a winning streak on Monday as a busy earnings day pushed the Tadawul All Share Index 0.39% in the green.Amid a myriad of new earnings reports in Saudi Arabia, Ades Holding (SASE:2382), United Electronics Co. (SASE:4003), d/b/a eXtra, and Al Mawarid Manpower (SASE:1833) posted higher net profit and revenue for the first quarter of 2026.Polyethylene pipes and fittings manufacturer Alwasail Industrial (SASE:4148), however, logged a 62.439% decline in net profit and a 12.868% decrease in revenue for the three months ended March 31.Ades Holding, eXtra, and Al Mawarid Manpower all closed in the green at 0.88%, 0.75%, and 2.65%, while Alwasail Industrial ticked down 2.08%.In international news, US President Donald Trump rejected Iran's response to its peace proposal, in which it demands the lifting of the US blockade at the Strait of Hormuz, the release of frozen Iranian assets, among others."The oil market remains heavily headline-driven, with prices surging after President Trump rejected Iran's latest peace plan proposal. One would expect the market to become increasingly fatigued by the deluge of headlines and the back-and-forth. However, oil prices remain highly sensitive to noise around Iran, highlighting the significance of the ongoing supply disruptions in the Persian Gulf," ING said in a note.Back at home and on the corporate front, Perfect Presentation for Commercial Services Co. (SASE:7204), d/b/a 2P, closed 2.04% lower as it secured a contract to deliver managed services for Prince Sattam bin Abdulaziz University's IT infrastructure, among others.
Arqaam Capital on Sunday lowered the price target for consumer electronics and home appliances company United Electronics Co. (SASE:4003), d/b/a eXtra, to 102.00 Saudi riyals from 112.00 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://finwires.com/en/contact)
