In its October 22, 2026 report, anb capital linked margin pressure at Electrical Industries Co. (1303) to delayed project deliveries and higher shipping and insurance costs, while describing underlying demand as strong.
Profit below the research estimate
The report compared third-quarter net profit of SAR177.7 million with anb capital’s SAR219.5 million estimate, a 19.1% shortfall. It presented the firm’s existing Overweight recommendation and SAR17.5 target from its previous review, within a 12-month valuation framework.
What investors should watch
The Saudi market is closed for the weekend on Friday, October 30. Market News’ reading of the report puts delivery timing and shipping and insurance costs at the center of margin monitoring: demand needs to translate into completed deliveries. The recommendation and target reflect anb capital’s opinion at the report date.
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تعليق واحد
تنبيه: الصناعات الكهربائية: قراءة العربي المالية ومستهدف 17.5 ريال