Africa's grey gold Premium
As investors’ appetite for sub-Saharan Africa (SSA) is whetted and confidence grows, the region offers a positive scenario in terms of future cement demand. While some internati...
Pricing
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Tasek Corp suffers 3Q decline
Malaysian cement producer Tasek Corp reported a 7.1 per cent drop in earnings to MYR21.5m (US$6.4m) in the third quarter of 2014 amid stiff competition, according to the company...
East Africa rises Premium
East Africa’s cement demand continues to rise as infrastructure and housing needs provide the basis for future consumption. While cement capacity investments continue, a shift i...
Dangote Cement nine-month pretax profit up 1.5%
Dangote Cement said on Monday its pretax profit for the nine months to September rose 1.5 per cent to NGN154.05bn (US$930.7m), compared with NGN151.72bn in the same period of la...
Moody's says WCC's profit warning is credit negative
Moody's Investors Service says West China Cement Ltd's (WCC) profit warning for 2014 is credit negative.
Ghana: Dangote sets retail price reduction deadline
Dangote Cement says it expects all retailers of its cement to reduce the price by GHS2.70 by Friday, 24 October following concerns that retailers have failed to cut prices after...
Vietnam cement prices to rise?
The price of cement in Vietnam could be increased this month, according to the country's Ministry of Finance, without stating a reason for the potential rise. Cement is currentl...
Dangote reduces Ghana prices on cedi appreciation
Dangote, has reduced prices of its cement by GHS2.70 following the gradual appreciation of the Cedi against the dollar and other major international trading currencies. Joeseph ...
Barclays raises target price for CRC, maintains rating
Barclays Research raised its target price for China Resources Cement to HK$5.91 (US$0.76) from HK$5.79 and maintained its "equal weight" rating.
Deutsche Bank upgrades Adelaide Brighton, Australia
Deutsche Bank has upgraded Australian building materials supplier Adelaide Brighton to hold from sell, citing recent share price underperformance. However, Deutsche continues to...