At current price of 1.83 it is a bargain to enter and hold for investment purpose. They have monopoly of cement supply and YTL actually acquired the company at almost double the price!
Yesterday we saw some uptick in construction counters and it should create a spill over effect as cement is a must have component for the construction industry...
YTL cement bought this at 3.75. That's at least where it should be worth, at the minimum. Also agree with all the comments above on extremely consolidated cement supply at Peninsular M'sia
almost break even (HumeInd has small profits 2 out of the last 3 quarters, last QR probably should have small profit if not for MCO). The days where it suffers huge losses should be over now. Share price should make higher high. Good luck to you guys!!!
“Physical and digital infrastructure will be built in urban and rural areas to ensure Malaysia continues to be competitive and able to grab new economic opportunities at the global level,”
MCEMENT will benefit from PHYSICAL INFRASTRUCTURE As it Controls 60% of the Cement Market for PHYSICAL INFRASTRUCTURE IN MALAYSIA
Isn't this counter under-valued? Present price RM2.63. At its height some years ago, it was RM11 YTL Cement took over the company in 2019 at RM3.75 for a whopping RM1.6b. Hence YTLC+MC now controls the cement industry in W Malaysia. It is all about supply and demand and Lafarge gave up and throw out the bath tub including baby and all. MCement and another cement company CIMA has each shut down one clinker plant each, effectively removing annual clinker capacity totaling 2m tonnes equivalent to 8% of industry clinker capacity from the market. The average net cement selling price of cement has started or should start to rise. MCement has been in the red for 16 quarters. But look at the last 2 quarters which the losses were minimal. I believe MCement should turn around and so will its price
Has the govt approved the cement price..? because Year2019 cement price increment was opposed by property developers..not update after that.. not sure whether Year 2019 govt approved the increase in cement price still valid or not..?
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
rajachulan
1,740 posts
Posted by rajachulan > 2019-09-25 15:51 | Report Abuse
有同感。。。
小眼睛。。。
小心眼!
-------------------------------------------------------------------
yongch > Sep 25, 2019 3:47 PM | Report Abuse
昨天的被打脸让这假基督徒非常不爽,这条老狐狸是个心胸狭窄,小气,记仇的小心眼家伙,这下肯定会弄死L洋灰散户,并把公司股价拉低低来玩残撒散户投资者。。。。大家小心咯!!!TP1.50!!!!