SCC is expected to a post strong 1Q04 profit due to the continued growing economy and the upward cycle in the petrochemical industry. Domestic cement sales volume are expected to increase 15 per cent QoQ and 10 per cent YoY, on growing commercial and residential construction projects, while average selling price should remain steady at Bt1750-1800/t. Petrochemical prices rose strongly in 1Q04 due to high crude oil prices and strong demand from China. HDPE-Naphtha spread rose to above US$500/t from US$380/t in the previous quarter. Other businesses are expected to grow moderately. 1Q04 normalised net profit is expected to Bt6.1bn, up 23 per cent qoq and 19 per cent yoy. With strong growth prospects, a Buy rating is reiterated with a target price of Bt330.

Spanish cement consumption expands 10% in March
ement demand in Spain grew by 10.4 per cent YoY to 1,215,778t in March 2025, according to the na...