Cement News tagged under: Lafarge Malayan Cement
Lafarge Malayan Cement leads on analyst revisions10 October 2012, Published under Cement NewsLafarge Malayan Cement leads on analyst revisions among 12 companies in the Malaysian materials sector tracked by at least three analysts, data from Thomson Reuters StarMine shows. The company has an Analyst Revision Model (ARM) score of 94, the highest in the sector. It also has above-average Value Momentum (Val-Mo) and Earnings Quality (EQ) scores of 75 and 81 respectively. A high Smartholdings (SH) score of 80 suggests a potential increase in institutional ownership. The company's f... |
Lafarge Malayan Cement expects robust 2H12 demand05 September 2012, Published under Cement NewsAt Lafarge Malayan Cement’s analysts 2Q12 briefing held on Monday, the company said it expects the robust cement demand seen in the first half to continue in the second half. The company expects the healthy demand scenario to be driven by the implementation of large infrastructure projects such as the new LCCT terminal and coal power plants. Group utilisation rates remain high at 85-90 per cent, enabling management to cut back on cement exports in favour of serving the domestic market.... |
Lafarge Malayan Cement confirms price hike01 August 2012, Published under Cement NewsLafarge Malayan Cement (LMC) has confirmed it will raise the price of cement effective today, 1 August, due to rising manufacturing and delivery costs, which is expected to bode well for the company’s margins from next year, according to analysts. "The decision was made unilaterally and taking into consideration our increasing costs associated with manufacture and delivery of cement, which we have endeavoured to absorb over the years," its executive director Chen Theng Aik has told SunBiz... |
RAM Ratings reaffirms ratings of Lafarge Malayan’s Islamic debt facility01 June 2012, Published under Cement NewsRAM Ratings has reaffirmed the respective long- and short-term ratings of Lafarge Malayan Cement Berhad's MYR350m Islamic Securities Programme (2010/2017), at AA2 and P1; the long-term rating has a stable outlook. The reaffirmation of the ratings is premised on LMCB's strong business profile as the largest integrated cement player in Malaysia. The group owns four cement plants and has almost half of the industry's installed capacity. The availability of physical infrastructure as well as a... |
Lafarge Malayan revenue rises 7%, Malaysia31 May 2012, Published under Cement NewsLafarge Malayan’s revenue for 1QFY12 rose by 7% YoY to MYR644m due to higher output during the quarter (+1% nationwide in January and February 2012) and selling prices (+4% YoY nationwide to CNY331/t in 1Q). Though the 7% electricity tariff hike in May 2011 pushed energy costs higher, total costs increased by 5%, slower than top line growth due to efficiency gains. As a result, EBITDA rose by 16% to MYR127m. Net profit contribution from associates surged by 86% due to a better performance ... |
RHB upgrades Lafarge Malayan Cement14 March 2012, Published under Cement NewsRHB Research has upgraded Lafarge Malayan Cement to ‘Market Perform’ from ‘Underperform’ and raised the target to MYR7.43 from MYR5.94. The research house says the new target is based on 17 x FY12 EPS of MYR0.437 sen in line with its two-year historical average. RHB has also raised its FY12-14 earnings forecast by three per cent to 21 per cent mainly to reflect a higher domestic demand growth of five per cent per annum (from four per cent previously) and a higher selling price of MYR29... |
Lafarge Malayan Cement pretax profit rises22 February 2012, Published under Cement NewsLafarge Malayan Cement Bhd's pre-tax profit rose 10 per cent to MYR414.65m (US$136.7m) for the financial year ended Dec 31, 2011 from MYR345.397m in 2010, Business Times of Malaysia reports. In filing to Bursa Malaysia, the group said the higher profit was in line with the increase in revenue as well as the better performance of its ready mix businesses.??Revenue for the year amounted to MYR2.552bn, up 10 per cent from MYR2.324bn, mainly due to higher domestic demand, it said. ??The highe... |
Lafarge Malayan Cement announces new appointments25 January 2012, Published under Cement NewsLafarge Malayan Cement Bhd had appointed British national Bradley Peter Mulroney as its president and chief executive officer and Malaysian Chen Theng Aik as executive director. Bradley Peter, 49, had initially started off his career with Redland Plc, which was acquired by Lafarge in 1996, and then became general manager. Chen, 45, was previously senior vice-president, finance and chief financial officer. |