United Securities Adjusts Astra Industrial Group Price Target, Net Profit Forecast Post-Q2 Earnings

01:19 AM EDT, 08/10/2026 (MT Newswires) -- United Securities LLC updated its price target and earnings estimates for Astra Industrial Group (SASE:1212) following the release of the industrial conglomerate's second-quarter results. "We expect the pharmaceutical business to continue delivering modest growth in both revenue and profitability, while the non-pharmaceutical businesses are likely to remain under pressure until the operating environment normalizes. Consequently, we expect 2H26 performance to be weaker than 1H26. Following the current results, we maintain our 2026e revenue forecast of SAR 3.0bn, while lowering our net profit estimate to SAR 684mn to reflect continued margin pressure. Accordingly, we revise our target price to SAR 124.25 per share," according to a Sunday note. For the three months ended June 30, the group reported consolidated revenue of 775.9 million Saudi riyals, up 8.5% year on year and surpassing United Securities' forecast by 10.3%. Meanwhile, attributable net profit was up 9.8% year over year to 192.1 million riyals. "Given the elevated risk premium and weaker profitability outlook, we maintain our Neutral recommendation on the stock," analysts wrote.