Cahya Mata Sarawak sees gradual increase in cement demand
Malaysia-based Cahya Mata Sarawak Bhd (CMS) can expect an improved financial performance this year, given the anticipated gradual recovery in the demand for building materials i...
Malaysia
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YTL Corp Bhd's net profit rises to MYR16m
YTL Corp Bhd’s net profit jumped to MYR16.09m (US$3.9m) in the 2QFY21, ended 31 Dec 2020, from MYR1.29m in the preceding quarter, thanks to a strong showing by its multi-utiliti...
YTL Corp posts 18% rise in revenue
Malaysia’s YTL Corp has posted an 18.2 per cent MoM increase in revenue to MYR4.2bn (US$1.03bn) for the third quarter of 2020, compared with MYR3.5bn in the 2Q20. Pre-tax profit...
Steppe Cement announces alternate directors
Steppe Cement has announced that Gan Chee Leong and Charles Tingey have been appointed as alternate directors to the CEO, Javier del Ser Perez, and independent non-executive dir...
Malaysia’s CMS sees 64% drop in net profit
Malaysia-based Cahya Mata Sarawak Bhd (CMS) reported a 32.5 per cent drop in revenue to MRY282.5m (US$65.9m) in the first quarter of 2020. Its cement segment saw revenues fall b...
YTL Corp records 11% revenue increase
Malaysia’s YTL Corp has reported a 65.6 per cent decline in net profit to MYR29.52m (US$6.9m) in the third quarter ending 31 March, compared to MYR85.79m in the year-ago period....
Hong Leong Asia grows stake in Tasek Corp
Hon Leong Asia’s wholly-owned subsidiary, Ridge Star, has acquired 30,700 shares of Malaysia-based Tasek Corp at a value of around US$57,964, according to The Straits Times. Fol...
Southeast Asia’s capacity conundrum Premium
Southeast Asia’s vibrant cement industry faces a serious but not insurmountable challenge from the current COVID-19 pandemic. In the long-run, structural overcapacity will be th...
Malaysia – finding its resolve Premium
Within southeast Asia, Malaysia represents one of the largest consumers of cement per capita. The lacklustre demand trends seen in the past 4-5 years were forecast to ameliorate...
APMC's Rawang plant to close for upgrade programme
Associated Pan Malaysia Cement (APMC), a wholly-owned subsidiary of Malayan Cement, reportedly released the majority of its employees a few weeks ago, according to The Edge. Fur...