KLSE: LAFMSIA (3794)       LAFARGE MALAYSIA BHD MAIN : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
1.80   -0.03 (1.64%)  1.80 - 1.84  1,297,500
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Market Cap: 1,529 Million
NOSH: 850 Million
Avg Volume (4 weeks):1,167,294
4 Weeks Range:1.80 - 2.00
4 Weeks Price Volatility (%):
52 Weeks Range:1.80 - 5.39
52 Weeks Price Volatility (%):
Average Price Target: 2.19
Price Target Upside/Downside: +0.39

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  16-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  23-Feb-2019
T4Q P/E | EY: -4.47  |  -22.36%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 3.05  |  0.59
T4Q NP Margin | ROE: -15.86%  |  -13.19%


Date Subject
04-Jan-2019 Lafarge Malaysia - Wading through the mud
04-Jan-2019 AmWatch - Stock Focus Of The Day
23-Nov-2018 Lafarge Malaysia Bhd - Restoring Confidence
23-Nov-2018 Lafarge Malaysia - The Challenge Continues
23-Nov-2018 Lafarge Malaysia - Improving Costs
20-Nov-2018 拉法基马 利淡笼罩财测遭砍
19-Nov-2018 Lafarge Malaysia - 3Q18: Higher-than-expected Losses
19-Nov-2018 Lafarge Malaysia - The disappointment continues
19-Nov-2018 LaFarge Malaysia Berhad - Still No Signs of Improvement
19-Nov-2018 PublicInvest Research Headlines - 19 Nov 2018
19-Nov-2018 Mplus Market Pulse - 19 Nov 2018
19-Nov-2018 Lafarge Malaysia - Making New Lows
15-Nov-2018 Lafarge Malaysia - 9M18 Results Preview
14-Nov-2018 Lafarge Malaysia - Urgent response team in place
05-Oct-2018 Building Materials - Challenging Prospects
14-Sep-2018 Lafarge Malaysia - Challenging Near-term Prospects
03-Sep-2018 Lafarge Malaysia - Losses Continue
03-Sep-2018 LaFarge Malaysia Berhad - Weak Results From Tepid Revenue
03-Sep-2018 Lafarge Malaysia - Another Disappointing Quarter
03-Sep-2018 Lafarge Malaysia - 1H18 Missed Expectations

Business Background

Lafarge Malaysia Bhd is a producer of cement, concrete, and aggregates. The company's products are used in the residential and commercial building industry, and have various applications in infrastructure and oil and gas business segments. Lafarge's revenues are focused on the Middle East and Africa and North America, geographically, and on its cement business segment, by activity. The cement business includes the production of Portland cement, specialty cement for building and infrastructure applications, mortars, low-carbon cements, and cement trading activities.
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  quaygary likes this.
somersby sure below 1.00
12/10/2018 20:16
somersby from 10.00 drop to 2.60 , gone
13/10/2018 08:25
ProsperousRealm weak volume
13/10/2018 08:41
IBestDividend Break below 2.50, time to collecting
13/10/2018 10:47
somersby waitt below 1.00, from 10.00 down to 2.30 , huh die terrible
15/10/2018 15:49
IBestDividend When is best time to collecting?
15/10/2018 21:54
apolloang see my posts on page 6.....hahaha
15/10/2018 21:58
Dragon88 cement demand will continue to drop due to cancellation of big projects, thank to the new government. all the likelihood that price can go south, fall below RM 2
16/10/2018 10:18
Pen6 Wo, cheap sale like the cement price ! Offer offer still offer, murah murah lagi murah!
16/10/2018 11:05
dompeilee EPF running out of fund$, still has 61 million shares to dispose...don't stand in the way of a runaway train ah!
20/10/2018 16:53
Pen6 Walau no joke, run away train ! ! !
21/10/2018 09:43
somersby who buy who die
22/10/2018 20:31
somersby wait for 50sen
22/10/2018 20:32
lafarge123 expected another big losses on 3rd & 4th quarter results
22/10/2018 21:04
lafarge123 every single bag of cement sales at losses base on current selling price
22/10/2018 21:05
Dragon88 cement is basically a commodity and in the soft market, all cement players are competing based on price. Unless construction activities pick up, the cement price will continue to come under pressure
23/10/2018 16:50
24/10/2018 10:58
shpg22 It has been 5 months since my last review and price has adjusting toward the target price of 1.95. Due to the continue subdue growth in construction & property industry, continued losses is expected. Fair price further reduced to 1.60 @ 0.5x NTA.

shpg22 Based on the expectation of slowing down in construction sector as a result of new gov policy, expect the demand for cement to be seriously impacted. LAFMSIA losses is expected to be intensified. Fair value is further reduced to 1.95 @ 0.6x P/B @ 40% discount to book.
30/05/2018 11:43
24/10/2018 12:39
ronald118 already bottom ard 2.00+-... all bad factor already price in... FIL accumulate a lots since sept2018...
25/10/2018 17:14
JP01 ECRL Project restarted, short term bounce for next week.
26/10/2018 17:13
somersby why fil limited keep buying? keep buying keep droping
28/10/2018 09:31
Pen6 May be cement can't cook curry chicken, like shit !!!

somersby all cement stock down like shit
05/09/2018 22:26
31/10/2018 09:46
Godiva Pn17 soon... economy bad.. lesser project.. more competitor
09/11/2018 23:28
factorrumour so beautiful... if only it was the other way round...
16/11/2018 17:35
jackfruit Heading toward bankruptcy. Cannot save anymore.Bad management.
16/11/2018 17:58
shpg22 Result deteriorated further as expected. Valuation remain unchanged at 0.5x NTA at lower fair price of 1.52
16/11/2018 18:01
Godiva Shrink to survive.. no shrink mean pn17 soon
19/11/2018 18:09
ronald118 hold it or die ...
28/11/2018 16:07
Jack888 温水煮青蛙 !
30/11/2018 15:47
limkokthye very very very cheap
03/12/2018 22:54
Pen6 Oh I see, it is cheap not shit. Is Cooking curry chicken possible?
07/12/2018 15:55
Dragon88 Break RM 2 support level.Look like heading towards RM 1.50
Keep your fingers crossed.
11/12/2018 17:16
KAQ4468 aiyaaaa

simen pun sudah terak wooooo

next !!!

kah kah kah
11/12/2018 17:17
limkokthye lafarge c liao
11/12/2018 23:30
Adam Ong Going to short for this counter.
13/12/2018 01:37
shareinvestor88 Sell TP 1
16/12/2018 00:14
PenguinDad going down below RM1.00 WOW
21/12/2018 19:22
limkokthye wait 50sen to keep some cement
21/12/2018 23:45
commonsense 3Q18 result marks the 7th consecutive quarterly losses by Lafarge. And things are not expected to be any better in the near to mid term given the depressing cement price (of around RM186/tonne) which was affected by the softer demand from the construction and property sectors but also due to the oversupply of cement in the Peninsular market. Most cement companies had decided to expend their capacity earlier to take advantages of the potential high demands from mainly the big government projects (MRT, LRT, ECRL, HSR etc). But all these demands evaporated when the new government had decided to cancel, hold off or scale down most of these projects.

None of the analyst that are covering this company are projecting any profit in 2019. Investors need to be prepared for the company to continue posting loses up to FY19 at least albeit at a lower level thanks to the management cost rationalisation plans to be implemented in the near to mid-term. Any turnaround will still depend on the improvement of the cement price which will only happen if the government decides to refocus back on infrastructure spending.

If you are looking to diversify your portfolio outside of Lafarge (due to perceived future negative earnings in the near to mid-term), I would recommend you to look at MBMR.

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.5x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.5x BV. 4Q18 results is expected to be higher than 3Q18 and last year's 4Q17.

For FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19 and also the new Alza in 2H19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions. Most analysts have a TP of above RM3 for the company with Hong Leong being the lowest at RM3.13 and Maybank the highest at RM4.18.

Good luck.
24/12/2018 10:29
shpg22 Aminvest now only downgrade to 1.52. Too late lo.

shpg22 Result deteriorated further as expected. Valuation remain unchanged at 0.5x NTA at lower fair price of 1.52
16/11/2018 18:01
04/01/2019 23:11
RVI123 Restart of ECRL will be a good new to Lafarge Malaysia. LafargeM is the cement and readymix supplier for ECRL.
07/01/2019 16:39
RVI123 ECRL will resume soon. Negotiations is ongoing with the contractor, CCCC.
07/01/2019 18:29
Dragon88 Unless Lafarge can reduce production cost to be on par with other cement manufacturers and also improve plant performance, the company will in the red for many quarters to come
16/01/2019 13:00
JJTAN0409 目前降低债务和开支才是重点,新政府的工程迟早会走回,到时自然有盈利。
17/01/2019 00:55
Pen6 JJTAN0409 目前降低债务和开支才是重点,新政府的工程迟早会走回,到时自然有盈利。

This is wise, smart talk.
17/01/2019 09:39
beso Gabungan AQRS Bhd, George Kent (M) Bhd, HSS Engineers Bhd and Lafarge Malaysia Bhd will heavily sell down due to ecrl termination.
sell 1st talk later.
21/01/2019 19:29
signalmw 布城28日讯)首相敦马哈迪对东海岸铁道计划是否取消的问题三缄其口,并促请媒体耐心等候财政部长林冠英发布正式的声明。
29/01/2019 13:39
signalmw Lng
29/01/2019 13:43
shareinvestor88 Sell , huge loan , support from parent company with loan , negative cash flow
06/02/2019 08:37
James Ng https://klse.i3investor.com/blogs/general/193874.jsp
[转贴] [LAFARGE MALAYSIA BHD:预计2018年剩余时间的国内市场状况仍将充满挑战] - James的股票投资James Share Investing
18/02/2019 12:30


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