Cement News tagged under: TCC International
TCC International issues profit warning07 February 2013, Published under Cement NewsTCC International Holdings Ltd could be facing a 60 per cent drop in 2012 profit due to slowing demand and pricing pressures in China. The company, a subsidiary of Taiwan Cement, filed a profit warning to the Hong Kong Stock Exchange, forecasting that full-year 2012 net profit could drop significantly due to a supply glut and a decline in Chinese cement prices. TCC operates in several provinces in China including Guangdong, Fujian and Anhui. TCC said in a statement that in the first ha... |
Chinese prices climbs for third time in September28 September 2012, Published under Cement NewsCement price in the south China has just climbed for the third time in September, according to local press reports. Traditionally, the fourth quarter is the peak season for south China cement industry with quarterly demand accounting for more than one third of full-year demand. It has been reported that the clinker inventories of leading cement firms in south China like Anhui Conch, and TCC Int’l Holding have already dropped below 55 per cent. |
Macquarie lowers TCC Int’l price target, Taiwan17 July 2012, Published under Cement NewsInvestment bank Macquarie has lowered its target price for Taiwan Cement Company (TCC) International to HK$2.4 from HK$4.2, and maintained its "outperform" rating. The house cut its earnings forecasts by 43 and 37 per cent for 2012/13 to reflect lower sales volume and lower-than-expected cement prices. TCC issued profit warning on 4 July, indicating that profits would decline more than 50 per cent YoY. Macquarie said this is not a surprise, as it has been expecting a 72 per cent YoY earnin... |
TCC International reports 38% rise in revenues26 March 2012, Published under Cement NewsTCC International Holdings Limited together with its subsidiaries reported a 38.6 per cent rise in revenues on the back of exceptionally strong demand during the low season in the first half of 2011 and increase in product average selling price. For 2012, it plans to consolidate its position further through organic and vertical integration. Revenue increased from HK$8.1bn (US$1bn) in 2010 to HK$11.26bn in 2011 while net profit reached HK$2.88bn from HK$1.53bn the year before. The group... |