3 Hrs
Source:
معلومات مباشر
Source: معلومات مباشر
3 Hrsمعلومات مباشر
Source: معلومات مباشر
3 HrsReady to play
Ready to play
Riyad Capital maintained its “Neutral” rating on Qassim Cement, setting a 12-month target price of SAR 42—2.8% below the closing price of SAR 43.22 cited in the report. The recommendation followed the company’s Q3 2026 net profit of SAR 37 million, which exceeded both company and market expectations. However, the outperformance was attributed to lower operating expenses and investment returns, rather than an improvement in underlying business activity. A price war weighed on performance: the average selling price per tonne fell to SAR 130, quarterly revenue declined 27% to SAR 181 million, and net profit for the first nine months fell 17% to SAR 158 million.
Notice: This Is an AI-Generated Summary
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