Redline Resources, LLC’s Post

Alfalah CLSA Securities (Pvt.) Limited : Pakistan Cements: Alluring cash yields and earning growth Alluring cash yields and earning growth LUCK, MLCF & KOHC are our preferred picks in cement sector Cement sector’s profitability is expected to remain robust given declining international coal prices, duty reduction on Afghan coal and pricing consensus among manufacturers. The sector has been seen, in recent times, to pass-on even a slight cost increase to end consumers, which we opine will continue in future. In this backdrop, AFSCLSA universe’s gross margins are expected to inch up to 33.8% in FY24 from 25.3% in FY23. Risks related to interest rates are overplayed in our view as interest coverage ratio stand at comfortable 3.8x. Moreover, being cyclical in nature, companies can rerate quickly as interest rate cycle reverses since sector’s FY24E P/E, EV/EBITDA, P/S and P/B multiples are at steep 57%, 65%, 43% and 41% discount to last 5 years multiples respectively. Thus, we have a buy stance on the cement sector with LUCK, MLCF and KOHC as our preferred picks. Link: https://s.id/1Uq7K #PSX #KSE100 #StockMarket #LUCK #MLCF #KOHC #Cement 

𝗠𝗮𝗹𝗮𝘆𝗮𝗻 𝗖𝗲𝗺𝗲𝗻𝘁 𝗕𝗲𝗿𝗵𝗮𝗱 (𝗠𝗖𝗕) 𝗗𝗲𝗹𝗶𝘃𝗲𝗿𝘀 𝗦𝘁𝗿𝗼𝗻𝗴 𝗙𝗶𝗿𝘀𝘁 𝗛𝗮𝗹𝗳 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲 𝗶𝗻 𝗙𝗬𝟮𝟬𝟮𝟰 We are pleased to announce that MCB has achieved significant results in the first half of fiscal year 2024 (2QFY6/24). Highlights: • Core net profit surged to RM 121 million, representing over 100% year-on-year growth and a robust 26% increase from the previous quarter. • First-half core net profit reached RM212 million, reflecting a healthy 26% year-on-year growth, exceeding both our internal and Bloomberg consensus estimates. • Revenue increased by 31% to RM2.3 billion, due to higher sales volumes and greater stability in selling prices for both domestic cement and ready mixed concrete. • Improved EBITDA margins at 25% in 1HFY2024, compared to 13% in 1HFY2023. • Supplying to the East Coast Railway Link (ECRL), leveraging our grinding plant in Port Klang. Business Insights: • Strong revenue growth was primarily driven by higher volumes and stable selling prices for both domestic cement and ready mixed concrete. • Achieved marginal volume growth for both cement and ready-mixed concrete, given the more stable pricing environment. • Pre-tax profit saw a significant 22% quarter-on-quarter increase to RM 185 million, attributable to lower coal prices. Read more here: https://lnkd.in/eBvQRy-q #YTLCement #BuildingTogether

The global Polycarboxylate Ether PCE Superplasticizer market was valued at US$ 7526.5 million in 2023 and is anticipated to reach US$ 11590 million by 2030 witnessing a CAGR of 5.4% during the forecast period 20242030. Global top 3 players hold a share about 20 percent. AsiaPacific is the largest market with a share about 90%. #GlobalPCEMarket #ConstructionIndustry #ConcreteAdmixtures #HighPerformanceConcrete #WaterReducer #TPEG #MPEG #HPEG #APEG #CommercialConcrete

4Q Survey of U.S. Aggregates and Cement Markets Longbow Research's 4Q survey of U.S. aggregates and cement industry contacts points to continuing underlying strength in the markets for these construction materials. The report covers current demand drivers, pricing trends, expected shipment volumes and an early outlook on 2024 market conditions. With this foundational view of the markets, the report provides implications for 4Q results for Martin Marietta Materials (MLM), Vulcan Materials (VMC) and Summit Materials (SUM).   To learn more about Longbow Research and its sector coverage, please visit www.longbowresearch.com

Taiheiyo Cement expands in new P4-B terminal in PH Read the full article on the link below and discover other real estate updates: https://lnkd.in/g75MHYCH #realestateblogph #realestateblogphpropertynews #REBPH #realestate

I owe you a keg of palm oil if you can get this one right. Let's have your answer in the comment section.

A decline in dispatches was witnessed during the month of Feb-24 as the recent data released by APCMA shows that cement dispatches were down by 19.3% YoY and 39.7% on a MoM basis. Overall, on a cumulative basis, 8MFY24 dispatches are up by 2.3% due to the low base effect. Going forward, the demand for cement will be contingent upon the policies enacted by the new government and the guidelines set forth by the IMF, both of which will shape the future trajectory of cement demand. Additionally, new government's budget allocation to the PSDP could boost future cement sales. #PSX #StockMarket #PakistanEconomy #kse100 #investmentopportunities #tradingplatform #IMF #cementindustry #feb2024

As of the #trade date on September 14, 2023, the following #securities are in the #Futures and Options (#F&O) ban in the #Indianstockmarket: DELTACORP (Delta Corp Limited) HINDCOPPER (Hindustan Copper Limited) IEX (Indian Energy Exchange Limited) IBULHSGFIN (Indiabulls Housing Finance Limited) INDIACEM (The India Cements Limited) MANAPPURAM (Muthoot Capital Services Limited) NALCO (National Aluminium Company Limited) RECLTD (Rural Electrification Corporation Limited) SAIL (Steel Authority of India Limited) Securities in the F&O ban typically have certain trading restrictions imposed by the stock exchanges. These restrictions can include limits on intraday positions, increased margin requirements, and a ban on certain types of speculative trading. Traders and investors should be aware of these restrictions when trading in securities under the F&O ban.

MLCF| Result Review - 2QFY24 : EPS clocked in at PKR2.09, up 38% QoQ   Maple Leaf Cement (MLCF) has announced its 2QFY24 results today, where the company posted consolidated PAT of PKR 2.2bn (EPS: PKR 2.09) vs. PKR 2.93bn (EPS: PKR 2.72) in SPLY, down by 23% YoY. Topline during 2QFY24 clocked-in at PKR 18,073mn, displaying a rise of 5% YoY in contrast to PKR 17,224mn in SPLY. This growth is attributable to increase in the retention prices. Gross margins remained flat YoY to clocked in at 35.3%. While, on QoQ basis, it increased by 4% mainly due to efficient coal mix and decline in coal prices. Distribution and Administrative expenses went up by 84% and 83% YoY, respectively, due to the inflationary pressure. Finance costs went up by 75% YoY on the back of higher interest rates. Effective tax rates stands at 23% vs. 28% in SPLY and 34% on QoQ basis.e