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Alinma Bank (ALINMA) Earnings: 2Q Profit Surges 16% to Outperform Estimates

By | Earnings Alerts
  • Alinma Bank‘s 2Q profit reached 1.42 billion riyals, up 16% year-over-year (YoY), exceeding the estimate of 1.33 billion riyals.
  • Operating income was 2.75 billion riyals, an increase of 13% YoY, and above the estimated 2.68 billion riyals.
  • Impairments totalled 326.6 million riyals, a slight increase of 0.4% YoY.
  • Pretax profit amounted to 1.58 billion riyals, rising 16% YoY and beating the estimate of 1.55 billion riyals.
  • Total assets of the bank stood at 260.14 billion riyals.
  • Investments reached 46.63 billion riyals.
  • Net loans were 189.91 billion riyals.
  • Total deposits amounted to 205.36 billion riyals.
  • Analyst recommendations: 3 buys, 12 holds, 1 sell.

A look at Alinma Bank Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE3.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Alinma Bank, a Shariah law-compliant commercial Islamic bank, has been assigned promising Smart Scores across various factors. With solid scores in Value, Growth, Resilience, and Momentum, the outlook for Alinma Bank appears positive in the long term. A high Value score suggests that the bank is attractively priced relative to its fundamentals, indicating potential for growth. The Growth score further strengthens this outlook, indicating the potential for Alinma Bank to expand and increase its market share over time.

Although the Dividend and Resilience scores are slightly lower, the overall outlook for Alinma Bank remains optimistic. The Resilience score of 3 indicates that the bank has the capability to weather economic uncertainties and challenges. With a respectable Momentum score, Alinma Bank shows signs of steady performance and market traction. Investors may find Alinma Bank as a compelling choice for long-term investment given its favorable Smart Scores across key factors.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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ADNOC Drilling PJSC (ADNOCDRI) Earnings: Q2 Profit Surges 30% Exceeding Estimates

By | Earnings Alerts
  • Adnoc Drilling reported a 2nd quarter profit of $295.0 million, which is a 30% increase year-on-year. Analysts had estimated a profit of $284.8 million.
  • Revenue for the quarter was $935.4 million, marking a 29% growth year-on-year, exceeding the estimated revenue of $917.4 million.
  • The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) came in at $472 million, surpassing the estimate of $443.6 million.
  • Earnings per share (EPS) were 1.840 cents, compared to 1.420 cents in the same quarter last year.
  • Adnoc Drilling currently has 13 buy recommendations, 1 hold, and no sell ratings.

A look at ADNOC Drilling PJSC Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth4
Resilience2
Momentum5
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

ADNOC Drilling PJSC, a drilling company, has received mixed reviews on its long-term outlook according to the Smartkarma Smart Scores. While scoring high in Growth and Momentum, with scores of 4 and 5 respectively, the company falls short in other areas. With a Value score of 2, ADNOC Drilling may not be perceived as undervalued in the market. Its Dividend and Resilience scores also stand at 2, indicating average performance in terms of dividends and resilience to market fluctuations. Despite these mixed ratings, the company continues to offer drilling and well construction services globally.

ADNOC Drilling PJSC’s strong points seem to lie in its Growth potential and Momentum in the market. These aspects suggest that the company is actively expanding and gaining traction among investors. However, investors may want to consider the company’s valuation and dividend performance before making long-term investment decisions. As ADNOC Drilling operates in the drilling sector, its ability to adapt to market changes and maintain a competitive edge will be crucial for its future success.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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CLP Holdings (2) Earnings: 1H Net Income Reaches HK$5.95B with 63 HK Cents Dividend

By | Earnings Alerts
  • CLP Holdings reported a net income of HK$5.95 billion for the first half of 2024.
  • The company’s revenue for this period was HK$44.09 billion.
  • They announced a second interim dividend of 63 HK cents per share.
  • Analysts have mixed recommendations on CLP Holdings:
    • 4 analysts recommend buying the stock.
    • 4 analysts suggest holding the stock.
    • 1 analyst recommends selling the stock.

A look at CLP Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

CLP Holdings Limited, a prominent player in the energy sector, seems to have a promising long-term outlook based on Smartkarma Smart Scores. With a solid momentum score of 4, the company appears to be experiencing positive trends that could signal continued growth and performance in the future. Additionally, CLP Holdings receives respectable scores in the dividend and growth categories, indicating a balanced approach to rewarding investors while focusing on expanding its operations.

While the company’s value and resilience scores are slightly lower, suggesting some areas for improvement, CLP Holdings‘ strong momentum score paints a picture of a company on an upward trajectory. Overall, with its diversified operations across various regions and energy sources, CLP Holdings seems well-positioned for sustained growth and resilience in the evolving energy landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Subaru Corp (7270) Earnings: 1Q Operating Income Falls Short of Estimates, Shares Drop 11%

By | Earnings Alerts
  • Subaru’s 1Q operating income: 91.13 billion yen (+7.9% year-on-year), missed the estimate of 121.47 billion yen.
  • Net income for 1Q: 84.01 billion yen (+15% year-on-year), missed the estimate of 92.64 billion yen.
  • Net sales for 1Q: 1.09 trillion yen (+0.9% year-on-year), missed the estimate of 1.21 trillion yen.
  • 2025 Forecast for operating income: Still at 400.00 billion yen, below the estimate of 485.28 billion yen.
  • 2025 Forecast for net income: Still at 300.00 billion yen, below the estimate of 359.25 billion yen.
  • 2025 Forecast for net sales: Still at 4.72 trillion yen, below the estimate of 4.93 trillion yen.
  • 2025 Forecast for dividend: Remains at 96.00 yen, below the estimate of 111.87 yen.
  • Stock impact: Shares fell 11% to 2,374 yen; 5.39 million shares traded.
  • Analyst ratings: 6 buys, 9 holds, 2 sells.
  • Comparisons are based on Subaru’s original disclosures.

A look at Subaru Corp Smart Scores

FactorScoreMagnitude
Value4
Dividend5
Growth5
Resilience5
Momentum2
OVERALL SMART SCORE4.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Subaru Corp, a company known for manufacturing passenger cars and various automotive parts, has received positive scores across multiple key factors based on Smartkarma Smart Scores. With top ratings in Dividend, Growth, and Resilience, Subaru demonstrates strength in providing returns to its investors, showcasing potential for future expansion, and proving its ability to withstand economic challenges. However, the company seems to lack in Momentum, indicating a slower trend in stock price movement. Overall, Subaru’s impressive scores in Value, Dividend, Growth, and Resilience paint a promising long-term outlook for the company’s performance and stability.

Subaru Corp continues to solidify its position in the automotive industry with high ratings in key Smartkarma Smart Scores. While facing some challenges in Momentum, the company excels in areas such as Dividend, Growth, and Resilience, reflecting its commitment to value creation, expansion opportunities, and resilience against market volatility. As Subaru manufactures a variety of vehicles and supplies aircraft parts to defense agencies and Boeing Co., its strong performance across multiple factors bodes well for its long-term prospects, positioning the company as a favorable investment choice for those seeking stability and growth potential.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Adani Ports & Special Economic Zone (ADSEZ) Earnings: July Cargo Volume Soars to 37.3M Tons, Up 9.7% Y/Y

By | Earnings Alerts
  • Adani Ports reported a cargo volume of 37.3 million tons in July 2024, an increase from 34 million tons in July 2023.
  • This marks a 9.7% year-over-year (y/y) growth in cargo volume.
  • The company attributes this growth primarily to an 18% y/y increase in container volumes.
  • Year-to-date (YTD) cargo volume is 146.3 million tons, up 8% y/y.
  • YTD rail volumes have grown by 17% y/y, reaching 0.21 million TEUs.
  • Gross Port Weighted India Scale (GPWIS) volumes have increased by 28% y/y to 7.42 million tons.
  • Analyst recommendations for Adani Ports include 18 buys, 2 holds, and 0 sells.

Adani Ports & Special Economic Zone on Smartkarma



Analyst coverage of Adani Ports & Special Economic Zone on Smartkarma showcases a mix of sentiments from different experts. Leonard Law, CFA, in their Morning Views Asia report, provides fundamental credit analysis and trade recommendations for high yield issuers in the region, including Adani Ports. Law’s outlook leans towards a bullish sentiment. In a separate report, focused solely on Adani Ports, Law maintains a bullish stance. Brian Freitas, another analyst, highlights the surprising inclusion of Adani Ports in the SENSEX Index, replacing Wipro. This unexpected move is expected to result in a short-term uptrend for the stock.

However, Leonard Law, CFA, in a different report titled “Adani Ports – Earnings Flash – FY 2023-24 Results,” has a bearish lean on the company. Despite Adani Ports exceeding revenue and EBITDA growth expectations, concerns linger regarding event risks due to the company’s expansion plans, particularly in overseas markets. Adani Ports’ financial performance for FY 2023-24 surpasses predictions, with strong growth in cargo volumes and improved leverage, but corporate governance issues within the broader Adani Group may still impact the company’s outlook.



A look at Adani Ports & Special Economic Zone Smart Scores

FactorScoreMagnitude
Value2
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE2.8

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Adani Ports & Special Economic Zone, a company operating a shipping port on the west coast of India, has received a favorable outlook based on Smartkarma Smart Scores. With a strong momentum score of 4, the company is showing positive trends that may indicate potential growth in the future. Additionally, scoring a 3 in both Dividend and Growth factors suggests a stable dividend payout and room for expansion. However, with a value score of 2 and resilience score of 2, there may be some room for improvement in terms of valuation and resilience to market challenges.

Adani Ports & Special Economic Zone‘s overall outlook seems promising, with a balanced mix of positive factors like momentum, dividend, and growth. The company’s operations in providing services for bulk and container cargo, crude oil, and additional railway services position it well for potential long-term success within the industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Nippon Yusen Kk (9101) Earnings Soar: Dividend Forecast Boost and FY Estimates Beat Expectations

By | Earnings Alerts


  • FY Dividend Forecast: Nippon Yusen now expects a dividend of 260.00 yen, up from the previous forecast of 160.00 yen. This surpasses the estimate of 222.71 yen.
  • Operating Income Forecast: The company maintains its forecast for operating income at 215.00 billion yen, above the estimate of 205.75 billion yen.
  • Net Income Forecast: The net income forecast remains at 390.00 billion yen, which is higher than the 368.45 billion yen estimate.
  • Net Sales Forecast: Nippon Yusen still expects net sales to reach 2.57 trillion yen, exceeding the estimate of 2.49 trillion yen.

First Quarter Results:

  • Operating Income: 65.88 billion yen, a 40% increase year-over-year.
  • Net Income: 110.23 billion yen, up by 50% year-over-year.
  • Net Sales: 651.71 billion yen, marking a 15% increase year-over-year.

Share Market Reaction:

  • Shares fell by 6.9% to 4,280 yen.
  • A total of 5.51 million shares were traded.
  • Market sentiment includes 4 buys, 6 holds, and 1 sell recommendation.



Nippon Yusen Kk on Smartkarma

Analyst coverage of Nippon Yusen Kk on Smartkarma shows positive sentiment from independent analysts like Travis Lundy. In a report titled “Nippon Yusen (9101) – Guidance Revision Up Still Conservative, Means More Capital Return Eventually,” Lundy highlights the company’s upward revision of H1 and full-year guidance, with a significant increase in revenues and operating profits, especially in containers. The report points out a hint of conservatism in the H2 projections but notes that Nippon Yusen is slightly undervalued compared to its peers and is actively engaging in buybacks, indicating potential for more capital return in the future.

In another research piece by Travis Lundy, titled “Nippon Yusen (9101) – Another Big Buyback Announced, But Details Matter,” the analyst discusses Nippon Yusen’s recent announcement of earnings, guidance, dividend hike, and a new buyback plan. While the stock reacted positively to the news, Lundy emphasizes the importance of scrutinizing the specifics of the buyback program. Nippon Yusen had previously executed significant buybacks, and the latest announcement of another Β₯100bn buyback through April 2025 led to a 5% stock price increase. The report indicates that the impact of this buyback may be lower compared to previous ones and raises considerations about cross-holder overhang for the company.


A look at Nippon Yusen Kk Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth4
Resilience3
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Nippon Yusen Kk is positioned for a favorable long-term outlook. With solid scores across key factors such as Value, Dividend, and Growth, the company demonstrates promising prospects for investors. Its strong Momentum score further indicates positive market sentiment and potential for upward movement. While the Resilience score is slightly lower, Nippon Yusen Kk‘s overall performance across these factors bodes well for its future performance.

Nippon Yusen Kabushiki Kaisha, known for its marine transportation services and transportation management solutions, operates globally connecting international hub ports with domestic and international destinations. Offering a range of transportation services including container transportation, tramp, specialized carriers, logistics, and cruise lines, Nippon Yusen is a key player in the industry. With its Smartkarma Smart Scores reflecting strength in key areas, Nippon Yusen Kk presents itself as a company with potential for sustainable growth and value creation in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Ramsay Health Care (RHC) Earnings Surge to A$884 Million Boosted by Ramsay Sime Darby Sale

By | Earnings Alerts
  • Ramsay Health’s preliminary net income for FY24 is expected to be between A$884 million and A$889 million.
  • The annual net result has been significantly boosted by the sale of Ramsay Sime Darby.
  • FY24 net income after tax and minority interests from continuing operations is projected to fall between A$265 million and A$270 million, slightly down from A$278.2 million from the previous year.
  • Ramsay Health expects non-cash impairments and accelerated write-downs totaling A$24.5 million after tax and minority interests.
  • This will result in FY24 depreciation, amortisation, and impairments charges hitting approximately A$1.13 billion, above the previously expected range of A$1-$1.1 billion.
  • Excluding these non-recurring items, the adjusted FY24 net income after tax and minority interests is forecasted to be between A$294 million and A$299 million.
  • The underlying financial performance has been supported by improving activity trends and enhanced labour productivity.
  • Focus on sustainable performance acceleration programs and better tariff indexation also contributed to the positive results.
  • Total capital expenditure for the fiscal year amounted to around A$740 million, which is below the forecasted range of A$800 million to A$1 billion.
  • Group leverage is forecasted to be around 2x by the end of the period, within the company’s target range of less than 2.5x.
  • Market sentiment currently shows 6 buy ratings, 9 hold ratings, and 1 sell rating for Ramsay Health.

A look at Ramsay Health Care Smart Scores

FactorScoreMagnitude
Value3
Dividend2
Growth5
Resilience2
Momentum3
OVERALL SMART SCORE3.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma



Based on the Smartkarma Smart Scores, Ramsay Health Care is well-positioned for long-term growth. With a solid score of 5 for Growth, the company shows great potential for expanding its services and increasing its market share in the health care industry. This indicates a positive outlook for Ramsay Health Care‘s future revenue and profitability.

Although Ramsay Health Care scored lower in Dividend and Resilience, with scores of 2, its overall prospects remain promising. The company’s strong focus on growth, as reflected in its high Growth score, suggests that it is strategically positioned to capitalize on opportunities within the health care sector. Investors may consider Ramsay Health Care as a viable option for long-term investment given its favorable Growth score.



Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Riyad Bank (RIBL) Earnings: 2Q Profit Surpasses Estimates at 2.34 Billion Riyals

By | Earnings Alerts
  • Riyad Bank‘s second-quarter profit was 2.34 billion riyals, exceeding the estimate of 2.11 billion riyals.
  • Total assets reported by Riyad Bank were 405.03 billion riyals.
  • Investments by the bank amounted to 61.07 billion riyals.
  • Net loans provided by the bank reached 291.05 billion riyals.
  • Total deposits at the bank stood at 276.01 billion riyals.
  • Riyad Bank received 11 buy ratings, 2 hold ratings, and 1 sell rating.

A look at Riyad Bank Smart Scores

FactorScoreMagnitude
Value5
Dividend5
Growth4
Resilience3
Momentum3
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma



Based on the Smartkarma Smart Scores, Riyad Bank seems to have a positive long-term outlook. The bank scores high in Value and Dividend factors, indicating strong performance in terms of value and dividend payouts. Additionally, Riyad Bank receives good scores in Growth, suggesting potential for growth in the future. Although scoring slightly lower in Resilience and Momentum, the overall outlook for the bank appears optimistic.

Riyad Bank is well-positioned in the market, attracting deposits and providing a range of banking services including loans, private banking, risk analysis, trade finance, and asset management. With a solid foundation in commercial and retail banking, as well as a strong presence in credit card management and mutual funds, Riyad Bank‘s diverse portfolio indicates a promising future ahead.



Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Al Rajhi Bank (RJHI) Earnings: 2Q Profit Surpasses Estimates with 13% Growth

By | Earnings Alerts
  • Al Rajhi Bank‘s second-quarter profit: 4.70 billion riyals
  • Year-on-year profit growth: 13%
  • Analysts’ profit estimate was 4.47 billion riyals
  • Impairments recorded at 455 million riyals
  • Year-on-year increase in impairments: 26%
  • Analysts’ impairment estimate was 458.1 million riyals
  • Operating income: 7.64 billion riyals
  • Analysts’ operating income estimate: 7.38 billion riyals
  • Total assets: 866.96 billion riyals
  • Analysts’ total assets estimate: 732.65 billion riyals
  • Investments: 153.03 billion riyals
  • Net loans: 621.89 billion riyals
  • Analysts’ net loans estimate: 617.42 billion riyals
  • Total deposits: 622.57 billion riyals
  • Analysts’ total deposits estimate: 608.92 billion riyals
  • Operating expense: 1.96 billion riyals
  • Analysts’ operating expense estimate: 1.96 billion riyals
  • Analyst recommendations: 4 buys, 11 holds, 3 sells

A look at Al Rajhi Bank Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth4
Resilience2
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Al Rajhi Bank, a financial institution offering various banking services in Saudi Arabia, shows a positive long-term outlook based on its Smartkarma Smart Scores. The bank scores well in growth and momentum, indicating promising prospects for expansion and financial performance. With a solid score in value and dividend, Al Rajhi Bank demonstrates stability and potential returns for investors. However, the bank’s resilience score is relatively lower, suggesting some vulnerability to economic fluctuations or industry challenges.

In summary, Al Rajhi Bank‘s overall outlook appears favorable, highlighted by its strong performance in growth and momentum factors. While the bank shows stability and potential for returns in terms of value and dividend scores, investors may need to consider the resilience aspect for a comprehensive evaluation of the company’s long-term prospects.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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Hon Hai Precision Industry (2317) Earnings Soar: Preliminary 1H Net Income Reaches 8.74B Yuan

By | Earnings Alerts
  • Foxconn Industrial reported a preliminary net income of 8.74 billion yuan for the first half of 2024.
  • Preliminary revenue for the same period was 266.1 billion yuan.
  • Foxconn Industrial received strong market support with 30 buy recommendations.
  • There were no hold or sell recommendations for the company.

Hon Hai Precision Industry on Smartkarma

Analyst coverage on Hon Hai Precision Industry on Smartkarma reveals positive sentiments and growth expectations. Vincent Fernando, CFA, anticipates market share gains in 2024E with significant growth in the AI server market despite material shortages. The traditional server market is rebounding, with Hon Hai aiming to capitalize on this growth trend. While the company reported a 9% YoY revenue decrease in 1Q24, it remains optimistic about strong growth prospects for 2024.

In another report by Tech Supply Chain Tracker, it is highlighted that Hon Hai, also known as Foxconn, experienced a surge in share price after showcasing AI technologies at Nvidia’s GTC conference. The company’s rally, hitting an all-time high, is attributed to its advancements in AI technologies. However, analysts caution that the sharp rally may have been influenced by a short squeeze, leading to concerns about near-term overbought conditions despite positive long-term fundamentals.


A look at Hon Hai Precision Industry Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth4
Resilience4
Momentum5
OVERALL SMART SCORE4.0

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores for Hon Hai Precision Industry, the company appears to have a promising long-term outlook. With high scores in Momentum and Value, along with solid scores in Growth and Resilience, Hon Hai Precision Industry is positioned well across key factors. This suggests the company may have strong potential for future growth and value appreciation.

Summary: Hon Hai Precision Industry Co., Ltd. is a leading provider of electronic manufacturing services for a variety of products, including computers, communications devices, and consumer electronics. With a diverse range of business operations, from PC assembly to handset manufacturing, the company plays a significant role in the electronics industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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