Higher feedstock cost would impact Kayan's earnings after FY2017

19/01/2016 15:24 AST

Aljazira Capital stated in their recently issued research report that the government of Saudi Arabia recently raised natural gas, fuel, Petchem feedstock, and electricity prices to curb deficit. It increased the Ethan prices from earlier fixed subsidized rate of USD 0.75 per mmbtu to USD 1.75 per mmbtu and Methane/natural gas from 0.75 per mmbtu to USD 1.25 per mmbtu. This change is expected to increase feedstock prices for Petchem players. However, the company clarified that it was granted a grace period of seven years and three months for some feedstock, namely ethane, butane and methane, which were supplied in 2010. Accordingly, new feedstock prices will be gradually applied by 2Q-2017. The increase in electricity reprising is expected to increase the production costs by about 1% according to the company. Aljazira Capital have reworked on financial model assumptions to incorporate the impact of these changes. Based on their revised assumptions, Kayan's net income would decline by SAR42 mn in 2016 and SAR530 mn in 2018.


GulfBase.com

News

Al Jazira Capital remains "Overweight" on Saudi Kayan

22/10/2017

Net income of SAR 381.0mn, beats Al Jazira Capital estimate and market consensus. Net income was supported by higher than expected operating rate and higher margins. Gross margin increased on YoY bas

GulfBase

Saudi Kayan restarts ethylene glycol/oxide ethylene plant

11/04/2016

Saudi Kayan Petrochemical Co. restarted on Sunday a plant that produces ethylene glycol and oxide ethylene after scheduled maintenance and some technical repairs, the company said on Monday.

Reuters

Saudi Kayan swings to Q4 net loss

14/01/2016

Saudi Kayan Petrochemical Co. swung to a net loss in the fourth-quarter, it reported on Thursday.

The company, an affiliate of Saudi Basic Industries Corp (SABIC), made a net loss of 624.1

Reuters

Most Viewed Companies

Ticker Price Volume
RIBL 24.84 6,676,931
ALRAJHI 85.00 7,711,297
ABC 0.35 370,000
DU 6.55 441,215
A.OTHAIMMARKET 11.90 545,416
ZAINKSA 10.82 1,868,409
NADEC 27.30 1,369,614

Valuation

SAUDIKAYAN Sector Market
P/E
Price/BookValue

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
SABIC 73.10 0.40 (0.55%)
MAADEN 53.60 2.20 (4.28%)
SABICAGRINUTRIENTS 118.00 1.80 (1.54%)
MARBLEDESIGN 83.50 0.00 (0.00%)
LIMEINDUSTRIES 12.18 0.38 (3.22%)

Recent News

EEC's capital optimization plan to shore up financial position and sustain growth: CEO

14/09/2024

RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <

Saudi Gazette

Arabian Mills set final IPO price at $17.59 per share as CEO details growth vision

12/09/2024

Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces

Arab News

SABIC-MCC joint venture starts output

04/05/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

logo

Financial Information Co.

(MITCO), P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap