Morgan Stanley Keeps Sabic at Overweight Following Sales-driven Q3 Recovery

2010

SA0007879121

Saudi Basic Industries Corporation SJSC is a Saudi Arabia-based company, which is engaged, together with its subsidiaries, in the manufacturing, marketing and distribution of chemical, agri-nutrient and metal products in global markets. The Company operates under the following business segments: The Chemicals segment, which includes chemicals, polymers and plastic products; the Agri-Nutrients segment, which consists of fertilizer products; the Metals segment, which consists of steel products, as well as the Corporate segment, which includes the corporate operations, technology and innovation centers, investment activities and SABIC Industrial Investments Company (SIIC). The Companyâs subsidiaries include: Saudi European Petrochemical Co, Arabian Petrochemical Co and Fiber Reinforced Thermoplastics BV, among others.

Employees

35,000

Sector

Commodity Chemicals

Calendar

2025-01-21 - Q4 2024 Earnings Release (Projected)

More about the company

Income Statement and Estimates

More financial data

Ratings

Trading Rating

Investor Rating

ESG Refinitiv

A-

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

70.10SAR

Average target price

83.68SAR

Spread / Average Target

+19.38%

Consensus

Profit revisions

Estimate revisions

Quarterly revenue - Rate of surprise

Company calendar

Delayed Saudi Arabian S.E. Other stock markets 04:13:55 2024-12-10 am EST			5-day change	1st Jan Change
70.00 ^SAR	-0.14%		+2.49%	-16.05%

Dec. 09	EFG-Hermes Brokerage Lowers Sabic's PT, Keeps at Buy	MT
Nov. 29	Citi Reduces Sabic PT, Reiterates Neutral Rating	MT

EFG-Hermes Brokerage Lowers Sabic's PT, Keeps at Buy	Dec. 09	MT
Citi Reduces Sabic PT, Reiterates Neutral Rating	Nov. 29	MT
Goldman Sachs Reduces Sabic's PT, Keeps Neutral Rating	Nov. 29	MT
Moody's Upgrades Ratings on Saudi Aramco, Five Other Saudi-owned Entities	Nov. 27	MT
AlphaMena Upgrades Sabic to Add, Raises PT	Nov. 21	MT
AlJazirah: Aramco, Jabal Omar Development Weigh on Q3 Earnings Growth in Saudi	Nov. 19	MT
HSBC Trims Sabic PT, Maintains Hold Rating	Nov. 18	MT
Saudi Basic Industries Corporation Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024	Nov. 11	CI
AlphaMena Trims Sabic PT, Keeps Reduce Rating	Nov. 07	MT
Morgan Stanley Keeps Sabic at Overweight Following Sales-driven Q3 Recovery	Nov. 07	MT
Saudi Basic Industries Corporation, Q3 2024 Earnings Call, Nov 04, 2024	Nov. 04
Saudi Petrochemicals Group Sabic's Third-quarter Earnings Rebound on Sales Boost	Nov. 04	MT
Sabic Swings to Profit in Q3, Revenue Rises	Nov. 04	MT
Fitch Confirms Sabic's Rating on Ties with Saudi Aramco	Oct. 25	MT
JPMorgan Downgrades Sabic to Neutral, Cuts PT	Oct. 23	MT
Advanced Petrochemical Unit to Start Gaseous Stream By-product Pipeline Supply Commercial Operations in November	Oct. 20	MT
Aramco Cancels Refinery Project in Saudi Arabia as it Focuses on Asian Presence, Bloomberg Says, Citing Sources	Oct. 15	DJ
Saudi Petrochemicals Sector Set for Modest Gains in Q3 Amid Weak Global Demand, Al Rajhi Says	Oct. 08	MT
Tadawul Shares in Green Ahead of US Fed Interest Rate Decision	Sep. 18	MT
Saudi Top Signs Polycarbonate Waste Purchase Deal with Sabic	Sep. 18	MT
Ma'aden to Buy Nearly 21% Stake in Alba from Sabic	Sep. 17	MT
Saudi Arabian Mining Company (Ma'aden) entered into a Share Purchase and Subscription Agreement to acquire 20.62% stake in Aluminium Bahrain B.S.C. from Sabic Industrial Investments Co Ltd for approximately BHD 400 million.	Sep. 16	CI
MIS Wins Microsoft Supply Contract from Saudi Arabia's Sabic	Sep. 04	MT
Saudi's Dussur Sells 55% Stake in Gesat JV to GE Vernova	Sep. 02	MT
SNB Keeps Saudi Basic Industries at Overweight, Reduces PT	Sep. 02	MT

SABIC

Equities