HSBC cuts target price for China Shanshui Cement
HSBC Research cut its target price for China Shanshui Cement to HK$3 from HK$4.2, and downgraded the stock from "overweight" to "underweight".
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Vietnam producers increase prices
Vietnam producers have increased cement prices by VND100,000/t (US$4.71) to help mitigate higher input costs despite domestic demand remaining subdued.
Kohat Cement sees 59% rise in full-year profit, Pakistan
Pakistan-based Producer Kohat Cement reported a 59 per cent surge in net profit for FY12-13 mainly due to favourable cement and coal pricing trends as well as lower financial co...
Lucky Cement full-year profit rises 47%
Pakistan-based producer Lucky Cement reported a 47 per cent increase in full-year profit and is optimistic on the outlook for domestic consumption but cautions that challenges r...
Japanese cement producers hike prices
Prices for building materials in Japan, including cement, are being hiked on the back of post-earthquake reconstruction projects, and robust demand for condominiums and other bu...
Steppe Cement 1H13 profit rises to US$3.8m
Steppe Cement Ltd posted an increased pretax profit during the first six months of the year of US$3.8m compared with US$391,000 a year earlier. Revenue rose to US$54.3m versus U...
Lusaka prices continue to rise, Zambia
The price of cement in the Zambian capital of Lusaka has continued to rise through the year, due to increased fuel and transportation costs.
Credit Suisse upgrades TCC’s earnings outlook
Credit Suisse has revised up its 2013 earnings by 48 per cent for Taiwan Cement Corp International (TCC) to reflect the upside risk in cement price and sales volume from Guangdo...
China Shanshui Cement 1H hit by lower prices
China Shanshui Cement recorded a YoY drop in net profit attributable to shareholders in the first six month of 2013, as the group faced pricing pressures in key operating region...
Pakistan cement producers consider price hike
Pakistan cement producers are considering increasing cement prices following government hikes in electricity prices and general sales tax. A source from the All Pakistan Cement ...