Cement News tagged under: Thailand
Siam City Cement upgraded, Thailand24 May 2012, Published under Cement NewsKasikorn Securities upgraded Siam City Cement Pcl to "outperform" from "neutral", citing a positive earnings outlook for Thailand's second-largest cement maker on rising cement demand and construction activity. "We maintain a positive outlook on the cement business and expect accelerating construction activity during the current quarter to be a key driver for top line growth across the sector," it said. The broker said it expected Siam City Cement to report a 15 per cent net profit... |
Siam Cement Group receives Gold LEED Rating22 May 2012, Published under Cement NewsSiam Cement Group (SCG), has received a gold rating in Leadership in Energy and Environmental Design for Existing Building: Operations & Maintenance for its corporate headquarters. The Leadership in Energy and Environmental Design is a certification issued by the US Green Building Council (USGBC), the foremost rating system for sustainable building and construction. SCG won the Thai Energy Award in the retrofitted building category, and was also the first runner-up in the same category... |
Stronger sales boost Siam City 1Q net profit, Thailand08 May 2012, Published under Cement NewsSiam City Cement Plc (SCCC) reported a 14.6% YoY increase in net profit, up to THB1.28bn for the first quarter on the back of strong domestic cement consumption, the Bangkok Post reports. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, the company said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth from both public and private construction," it said. "However, cement pricing did not ref... |
Thailand: SCCC records B1.28bn Q1 net profit04 May 2012, Published under Cement NewsSiam City Cement Plc (SCCC) reported a 14.6% YoY increase of net profit yesterday, up to THB1.28bn (US$41.3m) for the first quarter on the back of strong domestic cement consumption. Thailand's second-largest cement manufacturer saw net sales rise 12.4% from the year before to THB6.99bn, it said in a statement. "Cement consumption increased in the first quarter, driven by sizeable growth from both public and private construction," it said. "However, cement pricing did not reflect rising ... |
Siam Cement 1Q net profit drops26 April 2012, Published under Cement NewsSiam 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, Thailand20 April 2012, Published under Cement NewsKGI 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... |
SCG Trading targets 30% rise in revenues, Thailand23 March 2012, Published under Cement NewsSCG Trading, a unit of Siam Cement Group, targets annual sales growth of 30 per cent from this year onwards, driven by coal and building-materials business, particularly overseas, The Nation reports. Managing director Kalin Sarasin said the company was accelerating investment and expansion in both coal and building-materials trading in Asia, as they were both fast-growing sectors in the region. |
Siam Cement steps up ASEAN investments12 March 2012, Published under Cement NewsSiam Cement Group (SCG), Thailand's largest industrial conglomerate by revenue, is stepping up its plans to build on its cement and building materials activities in Southeast Asia as it eyes new regional investments and acquisitions in the markets of Indonesia, Vietnam and Myanmar. Earlier this week, the company announced plans to construct a 5000tpd cement plant in Indonesia as the manufacturer looks to penetrate the market further. With an investment of US$300m, the cement works will be ... |
Siam raises stake in Philippine firm, mulling Myanmar plans29 February 2012, Published under Cement NewsThailand’s Siam Cement has reached a deal to raise its stake in a listed Philippine building materials firm from 40 per cent to 80 per cent in a deal valued at THB1bn (US$33m). However, the company has declined to name the firm, but it is thought to be Mariwasa Siam Holdings of which the company owns 40 per cent according to its latest annual report. Siam chief executive Kan Trakulhoon declined to confirm. Mr Trakulhoon said it would make a decision by the end of this year on weather i... |
Siam Cement to issue bonds in March, Thailand21 February 2012, Published under Cement NewsSiam 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... |