Cement News tagged under: Siam Cement

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Siam Cement posts 43% drop in quarterly profit, Thailand

25 July 2012, Published under Cement News

Thai conglomerate Siam Cement posted a 43 per cent fall in quarterly profit due to weak demand and a drop in the value of its petrochemical inventories. During the April-June period, net profit of THB4.28bn (US$135m), down from THB7.49bn a year earlier. The company’s earnings are expected to improve in the second half when demand should improve on the back of rebuilding work as the country's economy recovers from severe floods last year that shut factories at carmakers and disk-drive manu...

Siam considers Asean acquisitions

11 June 2012, Published under Cement News

Siam Cement PCL is considering acquisitions in the Association of Southeast Asia Nations, with a focus on Vietnam and Indonesia, Chief Executive Kan Trakulhoon said Friday. Between the two countries in focus, Siam Cement is paying more attention to Indonesia given its large population and lower dependence on the export sector, Mr. Kan told reporters. He also said the euro zone's economic crisis won't have a direct impact on the company since it barely sells any products there, but it d...

Siam Cement 1Q net profit drops

26 April 2012, Published under Cement News

  Siam Cement said Wednesday its first quarter net profit fell 35% from a year earlier mainly because higher cost and lower income from affiliates. The company posted a net profit of THB5.97bn (US$192.6m), compared with THB9.21bn a year earlier, according to a filing with the Stock Exchange of Thailand.

KGI Securities confident on Siam Cement 2H earnings, Thailand

20 April 2012, Published under Cement News

KGI Securities expects good earning results from Thailand’s Siam Cement in the second half of 2012. "We anticipate earnings in the second half of 2012 to improve strongly thanks to the world economic recovery that should help lift the global demand for chemical products and allows the chemical spread to increase to more than $500/tonne," the broker said a research note. The broker also added that post-flood reconstructions would be the key driver for the company's net profits in the fi...

Siam Cement to issue bonds in March, Thailand

21 February 2012, Published under Cement News

Siam Cement PCL of Thailand plans to issue up to THB25bn worth of bonds to existing bond holders and the public, Dow Jones News reports. The bonds, worth a four-year maturity, will carry a coupon rate of 4.15 per cent, the company said in a filing to the Securities and Exchange Commission on Monday. The bonds will be open for subscription during 1-9 March 2012 and during 26-30 March 2012, Siam Cement said. Siam Commercial Bank PCL, Bangkok Bank PCL, Kasikornbank PCL, Krung Thai Bank...