Cement News tagged under: Siam Cement
Siam Cement expects flat 4Q sales on flood factor01 November 2013, Published under Cement NewsSiam Cement reported a five per cent sales rise in the third quarter, but expects floods to impact sales in the final three months of the year. Sales in the fourth quarter are expected to be flat, as there were no floods during the same period of 2012. As a result, sales growth is estimated at 5.2 per cent for all of 2013. For the third quarter, SCG posted a 53 per cent YoY increase in net profit to THB9.8bn as sales rose nine per cent to THB113.85bn. For the nine-month period, earni... |
Siam Cement 2Q13 earnings growth forecast12 July 2013, Published under Cement NewsSiam Cement Co is expected to report YoY robust earnings growth thanks to impressive performances from its three core businesses including its cement division. KGI Securities expect SCC to report a 2Q13 net profit of THB8.8bn, up 106 per cent YoY and 0.2 per cent QoQ. ? In terms of its cement division, concerns about a delay to the government's THB2tn borrowing bill would impact sentiment for the cement unit but not the actual demand for building materials. This is thanks to steady sp... |
Thailand: Siam Cement may raise sales target, core businesses strong27 June 2013, Published under Cement NewsThailand's top industrial conglomerate, Siam Cement Plc, is considering raising its 2013 sales growth target due to a strong first-half performance in its core cement businesses, petrochemicals and paper, its chief executive said. Both domestic and foreign markets have shown higher-than-expected growth so far this year, Kan Trakulhoon told reporters on the sidelines of a seminar. The company was also in talks to acquire a paper packaging plant in Indonesia and planned to conclude details a... |
Siam Cement first quarter net profit rises 47% YoY, Thailand24 April 2013, Published under Cement NewsSiam Cement reported a 47 per cent is first quarter net profit, mainly due to advances in its cement and petrochemical business. The Thai conglomerate posted a net profit of THB8.8bn (US$805m) for the three months to the end of March 2013, up from THB5.97bn from a year earlier. Its cement and building materials business posted strong domestic demand thanks to a lively construction sector. Steady growth witnessed over the 2011-12 period in the Thai cement market is expected to continue ... |
Positive earnings outlook for Siam Cement, Thailand23 April 2013, Published under Cement NewsSiam Cement Plc (SCC) of Thailand is expected to post good earnings growth thanks in part to domestic demand for cement and building products remaining strong. According to analysts at KGI Securities, SCC is likely to report a 1Q13 net profit of THB7.5bn, up 25.9 per cent YoY and 8.7 per cent QoQ thanks to a solid performance from the cement unit and clear signs of upturns for the chemical and paper units, which should help increase 1Q13 EBITDA margin to 11.4 per cent from 9.6 per cent in... |
Siam Cement profits recover in 4Q1230 January 2013, Published under Cement NewsSiam Cement (SCC) said its profits more than doubled in the 4Q12 after sales rebounded from flooding a year earlier and dividend income increased. Net income was THB6.91bn (US$231.7m), or THB5.8 a share, compared with THB3.20bn, or THB2.66, in the same period a year earlier, the company said in a statement. Siam Cement’s profit slumped in the 4Q11 as Thailand’s worst floods in almost 70 years shuttered factories and halted construction projects. Full-year earnings fell 14 per cent in 2012 ... |
Nomura initiates Siam Cement coverage with a 'buy'04 January 2013, Published under Cement NewsNomura initiated coverage of Siam Cement Pcl, Thailand's biggest industrial conglomerate with a 'buy' rating, citing strong cement business on the back of infrastructure spending and improving petrochemical cycle. The broker set a price target of THB530, according to reports by Reuters. "The company's cement business has had strong performance in 2012 driven by government's massive infrastructure spending ... However, SCC underperformed Siam City Cement despite SCC's superior earnings ... |
Indonesia’s October cement sales up 10.7%20 November 2012, Published under Cement NewsCement sales in Indonesia rose 10.7% YoY in October with the highest growth in the Moluccas and on Papua. October sales in the areas stood at 87,316t, representing a 68.5% hike on the previous year, according to data from PT Semen Gresik Tbk. Consumption increased 0.1% to 5.17Mt in October MoM with the highest demand on Java. Growth was supported by buoyant domestic demand and increasing investment. Thailand’s top industrial group, Siam Cement plc, announced plans to spend THB11bn (US$358... |
Siam Cement sells bonds, Thailand15 October 2012, Published under Cement NewsSiam Cement PCL, Thailand's largest industrial conglomerate by sales, Monday said it has sold a THB6.5bn (US$211.6m) seven-year bond to institutional investors. Upon issuance, Siam Cement will have THB126.5bn in outstanding bonds, the company said in a filing to the Stock Exchange of Thailand. The seven-year bond will have a coupon of 4.40 per cent, the company said in a separate filing to the Securities and Exchange Commission. (Source: Dow Jones Global Equities News) |
Siam Cement partial tender offer for Siam Global05 October 2012, Published under Cement NewsSiam Cement PCLsaid it will launch a tender offer to purchase around a third of building materials distributor Siam Global House PCL from 5 October to 9 November, according to a filing to the Stock Exchange of Thailand Thursday. Siam Cement, Thailand's largest industrial conglomerate by sales, announced in late August a plan to acquire up to 33.40 per cent in Siam Global House through its wholly owned unit, SCG Distribution, for about THB10bn ($326.2 million). The investment includes the... |