4 stories mentioning SASE:4163Updated 10d ago
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Riyad Capital on Thursday decreased the price target for Saudi Arabian medical services company and pharmacy operator Al-Dawaa Medical Services (SASE:4163) to 45 Saudi riyals from 50 riyals and kept 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)
Saudi Exchange-traded shares closed lower on Sunday as the new geopolitical developments in the Middle East pushed the Tadawul All Share Index 0.56% in the red.The US is looking into using Iran's assets to repair the damage caused by the Middle Eastern country to its Gulf neighbors. US Treasury Secretary Scott Bessent's statement after it was disclosed that having its assets unfrozen is a requirement for its peace deal with the US.Meanwhile, the members of OPEC+, which includes the Organization of the Petroleum Exporting Countries and allies such as Russia, will reportedly increase their oil output targets by 188,000 barrels per day in July, the same as the prior month.Back at home and on the corporate front, Aldawaa Medical Services (SASE:4163) ticked down 2.55% at closing as it reported a 78.84% year-over-year drop in attributable net profit and a 7.18% annual decline in its revenue for the first quarter ended March 31."Net profit for the first quarter of 2026 decreased by SAR 83 million, or 78.8%, compared to the same period of the last year, primarily driven by the corresponding decline in revenue and gross profit, while maintaining a broadly stable gross margin of 35.6%. The decline is also contributed by higher operating expenses and non-recurring items during the period as below," the medical services company said in its report.Looking ahead into the week, the local economic calendar will see the release of the kingdom's final GDP growth rate numbers for the first quarter on Tuesday, and the April industrial production data on Wednesday.
Riyad Capital on Thursday lowered medical services company Al-Dawaa Medical Services (SASE:4163) to neutral from buy and decreased its price target to 50 Saudi riyals from 100 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)
Morgan Stanley on Tuesday downgraded Saudi Arabian medical services company Al-Dawaa Medical Services (SASE:4163) to equal weight from overweight and reduced its price target to 51.00 Saudi riyals from 69.00 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)
