TheScreener - Saudi Basic Industries Corp. (2010) SAUDI BASIC INDUSTRIES with less fundamental stars is reduced to Neutral

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SAUDI BASIC INDUSTRIES with less fundamental stars is reduced to Neutral

SAUDI BASIC INDUSTRIES (SA), a company active in the Speciality Chemicals industry, loses a star(s) at the fundamental level and sees its general evaluation downgraded. The independent financial analyst theScreener just removed a fundamental star(s) for a 2 over 4-star rating. As such, market behaviour remains unchanged and is evaluated as moderately risky. theScreener believes that the loss of a star(s) merits downgrade to the general evaluation of the title, which passes to Neutral. As of the analysis date October 29, 2021, the closing price was SAR 129.00 and its expected value was estimated at SAR 127.84.

30/10/2021 6 EN

Underlying

Saudi Basic Industries Corp.

Saudi Basic Industries is engaged in manufacturing, marketing and distribution of chemical, fertilizer and metal products in global markets. Co.'s chemical productions consisted of polyethylene, polypropylene and advanced thermoplastics, glycols and methanol. Co.'s operations consist of the following business segments: the Chemicals segment, which includes basic chemicals, intermediates, polymers and specialty chemicals; the Fertilizers segment, which consists of fertilizer products; and the Metals segment, which consists of steel products. Co. also maintains investment activities through SABIC Industrial Investments.

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SA0007879121 Saudi Stock Exchange Saudi Arabia

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SAUDI BASIC INDUSTRIES with less fundamental stars is reduced to Neutral

Empowering Investors

SABIC: Q4 22 Result Analysis | Weak results on low margins

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AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

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