Cement News tagged under: Siam Cement

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Upbeat outlook for Siam Cement PLC

25 February 2015, Published under Cement News

Kasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec...

SCG chief anticipates 5% rise in 2015 demand

30 October 2014, Published under Cement News

Cement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro...

Siam Cement 3Q net profit down 20% YoY

29 October 2014, Published under Cement News

Siam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.85bn (US$241.7m). This compared with THB9.79bn a year earlier when the company booked a gain of THB1.5bn. Analysts at Krungsri Securities expect the slowdown to continue through the final three months of the year stating: "The declining trend will likely continue into the fourth ...

Siam Cement announces tech investment plan

23 October 2014, Published under Cement News

Siam Cement Group (SCG) has announced it plans to spend THB200–250bn (US$6.1-7.7bn) for a new five-year investment budget for the 2015-2019 period although president and CEO, Kan Trakulhoon said the final sum was expected to surpass the current five-year budget. In the new budget period, the company intends to become a technology-driven firm and is eying investment in a European tech company. The company we're talking with at the moment is a technology company in Europe. We're looking out...

Thailand: Siam Cement suffers market dip

21 October 2014, Published under Cement News

Thai domestic cement demand dipped around three per cent YoY in 3Q14, as no new infrastructure projects broke ground during 9M14, while many old projects were completed, claims the Nation paper. The weaker demand probably squeezed the ex-factory price by THB25-50/t QoQ to THB1925-1950/t  (US$59.60/t to US$60.40/t) in 3Q14, which would be flat YoY. Sales of building materials in Thailand are likely to have declined by as much as eight per cent YoY in 3Q14, due to weak consumption, particul...

Siam Cement 3Q earnings’ outlook

16 October 2014, Published under Cement News

Siam Cement is expected to post a weak net profit for the third quarter of 2014, down 29 per cent YoY and 18 per cent QoQ, according to analysts at SCB Securities. The YoY drop reflects: no extra gain from the revaluation of its investment of THBt1.7bn as in 3Q13, the absence of 3Q13's THB840m inventory gain from its chemical unit and a slight decline in contribution from cement and building materials (lower sales volume) and paper (maintenance shutdown) units. The QoQ fall comes primaril...

Siam Cement positive earnings outlook, Thailand

24 April 2014, Published under Cement News

Siam Cement Plc is expected to post another strong quarterly performance, according to analysts at SCB Securities cited in reports by The Nation. First quarter net profit is estimated at THB9.5bn (US$293.7m), up eight per cent YoY and 19 per cent QoQ. The growth is expected to be driven by a “wider chemical spreads, no repeat of last quarter's maintenance shutdown of its chemical and paper units, and seasonally higher sales volume for all business units.” SCB expects Siam Cement’s buildin...

Siam Cement expects flat 4Q sales on flood factor

01 November 2013, Published under Cement News

Siam 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 forecast

12 July 2013, Published under Cement News

Siam 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 strong

27 June 2013, Published under Cement News

Thailand'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...