Posted by pang72 > 2023-06-09 16:46 | Report Abuse

Deep value being recognised

Posted by pang72 > 2023-06-09 16:46 | Report Abuse

At least cimb ib did a good start for covering the largest cement in the country

Posted by enning22 > 2 months ago | Report Abuse

property market sets for a total recovery, so cement industry will be benefitted

Posted by cheoky > 2 months ago | Report Abuse

cement industry in tailwind

Posted by Gun8811 > 2 months ago | Report Abuse

No dividend for past 7 years?

Posted by cktay > 2 months ago | Report Abuse

CIMB maintained its “add” call on Malayan Cement Bhd (MCement) with a higher target price (TP) of RM5.08, from RM3.97, amid stronger recovery in volumes.
https://theedgemalaysia.com/node/670352
https://assets.theedgemarkets.com/pics/2023/20230608cement1.png
Quite a big jump for analyst Chong to make, from RM3.97 to RM5.08
(Still figuring out what my own TP should be)
Today’s Price : RM3.22
PE : 37.1 (PE will come down, Q1 EPS was 0.07s, Q2 1.16s, and Q3 4.83s if the quarterly profit trend continues)
NTA : RM4.48

Posted by cktay > 2 months ago | Report Abuse

To understand better …
In 2019, YTL bought a 51% stake in Lafarge Malaysia for RM1.63 billion cash, or RM3.75 per share, from AICL (Associated International Cement Ltd) which was on a divestment spree in the region.
Subsequently, a mandatory general offer (MGO) to buyout the remaining shares at RM3.75 per share.
The transaction price of RM3.75 per share was 19% above Lafarge Malaysia’s five-day volume weighted average share price of RM3.15
https://theedgemalaysia.com/article/ytl-cement-completes-acquisition-51-stake-lafarge-malaysia?
Subsequently in 2021, Malayan Cement took over YTL Cement's cement and ready-mixed concrete biz in RM5.16b deal (RM2b cash, shares plus preference shares at RM3.75)
https://www.edgeprop.my/content/1845373/malayan-cement-take-over-ytl-cements-cement-and-ready-mixed-concrete-biz-rm516b-deal
The aim was to consolidate the cement business under a singular umbrella, improving operational efficiencies, leveraging shared expertise, experience and resources.

Posted by cktay > 2 months ago | Report Abuse

Presently, MCement has the largest market share of 65%, followed by CIMA 19%, Hume 9%, Tasek 6%
https://www.bondsupermart.com/bsm/article-detail/malayan-cement-s-completes-acquisition-of-ytl-cement-positioning-itself-for-market-leadership-RCMS_262545
The MCB Group is the largest cement producer in the country. It operates four integrated cement plants – in Langkawi, Kanthan, Padang Rengas, and Bukit Sagu. A fifth, the 71-year old plant in Rawang, is undergoing planned refurbishments. The Group also operates four grinding stations, three cement terminal facilities, and two cement depots.
The integration of YTL Cement businesses in Malaysia under MCB has delivered logistical and cost synergies, to better serve customers. The strategic coastal location of MCB’s Langkawi Plant with its direct sea access allows the Group to export clinker and cement competitively, and provide clinker by sea to the two grinding stations in the South.
The MCB Group has 72 ready-mixed concrete batching plants across Peninsular Malaysia and three quarries in Pantai Remis in Perak, Hulu Langat in Selangor and Kota Tinggi in Johor. The Group’s concrete division is the supplier of choice for complex and large-scale infrastructure projects, supplying technically sophisticated products to meet the evolving needs of construction projects in the country.
The concrete division’s network of operations throughout Peninsular Malaysia allowed the Group to fully capitalise on development opportunities, while simultaneously supporting our customers nationwide.
Our aggregates quarries also continued to perform despite challenging conditions. The Kota Tinggi Quarry stepped up its export of quarry products to Singapore and our Pantai Remis Quarry was able to effectively capitalise on the quarry product shortage in the Northern market.

Posted by cktay > 2 months ago | Report Abuse

What determines the profit outlook?
a) Cement price
CIMB’s Chong said ….“ASP has risen by 11% over the past six months to RM410-420/mt …..
It is quite hard to find quoted price/chart of bulk cement for M’sia for tracking purpose
eg S’pore’s available … https://www.statista.com/statistics/993391/market-price-bulk-cement-singapore/
The average price of cement (Ordinary Portland) also increased 1.1 per cent to RM22.40/ 50 kilogramme (kg) compared to RM22.15/ 50 kg in February 2023
https://www.businesstoday.com.my/2023/04/07/stats-depts-finds-steel-cement-prices-continue-to-rise-in-march/
10 Mar 2023 — In a statement today, DoSM said the average price of cement (ordinary Portland) rose 1.5 per cent to RM21.99 per 50 kilogrammes (kg) from RM21.
https://www.bernama.com/en/business/news.php?id=2171885
I believe a small increase in asking price can make a lot of difference in profit.
Eg can also be seen in the smaller competitor, HumeInd. Q2 EPS shot up from 0.89s to 5.36s for Q3 reported on 16th May 2023

Posted by cktay > 2 months ago | Report Abuse

b) Revenue / Projected demand for cement.
Budget 2023: Infrastructure projects to be accelerated this year, says PM
NST - February 24, 2023
Eg of current projects include MRT3, ECRL, Penang South Island, JB-S’pore Rapid Transit System, West Coast Expressway, etc
Projects that many not aware of …. “Gov't approves three highway projects in Klang Valley - PJD Link, Putrajaya-Bangi expressway and KL NODE” https://paultan.org/2022/05/24/govt-approves-three-highway-projects-in-klang-valley-pjd-link-putrajaya-bangi-expressway-and-kl-node/
Possible revival of the HSR https://www.thestar.com.my/news/nation/2023/05/12/both-countries-keen-to-revive-hsr-project

Posted by cktay > 2 months ago | Report Abuse

c) Input price risks
Escalating raw material and coal prices, higher shipping costs and the US dollar appreciation against the ringgit can affect margins. Coal especially which is imported.
Even this article written on 13 Jan 2023 is already outdated https://www.cemnet.com/News/story/174125/malaysia-cement-pricing-highs.html#:~:text=To%20meet%20some%20way%20in,Malaysia%20on%2018%20November%202022
Check this link …. https://tradingeconomics.com/commodity/coal
Coal (USD/ton) has drop from 400 to 140 presently.
(However electricity price has gone up because govt stopped subsidy)

Posted by Nepo > 2 months ago | Report Abuse

Good News to Malaysia Cement

https://sarawak.sinchew.com.my/20230714/140032kc1100-4/

Posted by Ahkok > 2 months ago | Report Abuse

Why a sudden drop?

Posted by hng33 > 2 months ago | Report Abuse

bought mcement at 3.00

Posted by speakup > 2 months ago | Report Abuse

drop is to give u opportunity to buy mah

Posted by Icon 888 > 2 months ago | Report Abuse

Stay strong

Posted by Icon 888 > 2 months ago | Report Abuse

Rm3.70

Posted by troy88 > 2 months ago | Report Abuse

Should bounce back. Retracement recently was correction after bull run..

Posted by hng33 > 2 months ago | Report Abuse

sold mcement at 3.10, swap to buy ytlp

Posted by Nepo > 2 months ago | Report Abuse

https://www.enanyang.my/%E8%B4%A2%E7%BB%8F%E6%96%B0%E9%97%BB/%E9%9A%86%E6%96%B0%E9%AB%98%E9%93%81%E2%80%9C%E5%A4%8D%E6%B4%BB%E2%80%9D%E5%9C%A8%E6%9C%9B-%E6%9D%A8%E5%BF%A0%E7%A4%BC%E6%9C%BA%E6%9E%84%E6%96%99%E7%AA%81%E5%9B%B4

Posted by Gun8811 > 1 month ago | Report Abuse

https://www.thestar.com.my/business/business-news/2023/08/08/building-on-the-uptrend

Posted by pang72 > 1 month ago | Report Abuse

YTL cement starts moving liao

Posted by pang72 > 1 month ago | Report Abuse

YTL Reit, cement, power all move..
The mother of YTL is the next big thing!

Posted by troy88 > 1 month ago | Report Abuse

Will ride on the surge of YTL. Hume also

Posted by pang72 > 1 month ago | Report Abuse

It fly like a rocket...
Mother and son... Hohoho

Posted by pang72 > 1 month ago | Report Abuse

Finally your turn to rocket....

Posted by pang72 > 1 month ago | Report Abuse

All start alliance for YTL mother shares...

Posted by pang72 > 1 month ago | Report Abuse

I think limit up bagus sikit... Hihi

Posted by troy88 > 1 month ago | Report Abuse

the YTL effect!

Posted by Cryptolover > 1 month ago | Report Abuse

the rocket has launched!

Posted by dragon328 > 1 month ago | Report Abuse

MCement will either report a super good quarterly result next Friday or will see a favourable corporate exercise coming soon

Posted by troy88 > 1 month ago | Report Abuse

new uptrend wave started together with Hume. Will surpass RM4 soon..

Posted by troy88 > 1 month ago | Report Abuse

Broken RM4, more to come. This volcano just waited to erupt after state elections

Posted by pang72 > 1 month ago | Report Abuse

I am speechless to the good performance

Posted by pang72 > 1 month ago | Report Abuse

Hopefully all the best to YTL group of companies

Posted by pang72 > 1 month ago | Report Abuse

Their performance is beating market expectation

Posted by dragon328 > 1 month ago | Report Abuse

MCement is only playing catchup, Hume cement has doubled its share price. MCement should double also to RM4.50

Posted by troy88 > 1 month ago | Report Abuse

Mcement was above RM10 in it's glory years

Posted by Cryptolover > 1 month ago | Report Abuse

my estimation mcement should be easily above RM5, that was even before lafrage is added with ytl cement so now it NTA is way higher

Posted by pang72 > 1 month ago | Report Abuse

3.87 good job cement!!

Posted by dragon328 > 1 month ago | Report Abuse

Yes, fundamentally MCement should be worth over RM5.00 by any measure

Posted by wahidul > 1 month ago | Report Abuse

cement industry is booming,Hume and Mcement will have good qr coming

Posted by Yezzy99108 > 1 month ago | Report Abuse

why this MCEMENT is not moving up organically but crashed down. Is this YTL step son?

Posted by Icon 888 > 1 month ago | Report Abuse

Game over lo

Posted by facsc118 > 1 month ago | Report Abuse

dividend 6cents

Posted by troy88 > 1 month ago | Report Abuse

Bilis who cut loss on sell on news got eaten up by sharks

Posted by Cryptolover > 1 month ago | Report Abuse

steady hands will win in the long run

Posted by enning22 > 1 month ago | Report Abuse

normal correction, on profit taking.

Posted by enning22 > 1 month ago | Report Abuse

today nicely recovered

Posted by BursaVulture > 3 weeks ago | Report Abuse

Cement manufacturer Associated Pan Malaysia Cement (APMC) (YTL Cement) has won an appeal to evict a century-old Buddhist monastery located on land in Gunung Kanthan, Perak.

https://www.freemalaysiatoday.com/category/nation/2023/09/08/cement-company-wins-appeal-to-evict-century-old-perak-monastery/