Recent Research

• 

  FIRST LOOK NOTES

  12 May 2025

  Saudi Basic Industries Corp

  BUY

  Last Closing Price

  SAR 58.80

  Target Price

  SAR 75.00

  Upside (%)

  +27.55%

  Saudi Equity Research - Saudi Basic Industries Corporation (SABIC) 1Q25 - First Look Note

  Price and volume remained steady for the petrochemical sector in 1Q25 compared to 4Q24, while chemical segment experienced marginally increment in sales volume.

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• 

  FIRST LOOK NOTES

  12 Mar 2025

  Saudi Basic Industries Corp

  BUY

  Last Closing Price

  SAR 63.50

  Target Price

  SAR 90.00

  Upside (%)

  +41.73%

  Saudi Equity Research - Saudi Basic Industries Corporation (SABIC) 4Q24 - First Look Note

  Average product selling price declined 1.0 % YOY in 4Q24, while sales volume declined marginally. Revenue from petrochemicals segment declined 1.5% YOY to SAR 31.7 Bn, while revenue from agri-nutrients segment grew 5.0% YOY to SAR 3.0 Bn in 4Q24.

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• 

  FIRST LOOK NOTES

  21 Nov 2024

  Saudi Basic Industries Corp

  BUY

  Last Closing Price

  SAR 70.00

  Target Price

  SAR 90.00

  Upside (%)

  +28.57%

  Saudi Equity Research - Saudi Basic Industries Corporation (SABIC) 3Q24 - First Look Note

  SABIC’s average product selling price rose 3% YOY in 3Q24 while sales volume declined 1% YOY. Petrochemicals sales volumes grew 5% QOQ to 10.03 MMT in 3Q24 while Agri-Nutrients sales volume declined 1% QOQ to 1.84 MMT.Achieved mechanical completion of the Pyoil plant.

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• 

  FIRST LOOK NOTES

  11 Oct 2024

  Saudi Basic Industries Corp

  BUY

  Last Closing Price

  SAR 74.50

  Target Price

  SAR 90.00

  Upside (%)

  +20.81%

  Solid cost-optimization initiatives coupled with higher sales volumes & improved margins boost profitability

  SABIC’s average product selling price rose 1% YOY in 2Q24 while sales volume increased 4% YOY.

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