@Nepo, that's a great news for MCement. With its increasingly solid fundamentals and earnings (as demonstrated by Hume Cement earlier this week), MCement will attract the attention of more foreign funds.
I am confident it will break up RM4.00 soon, helping YTL to scale new highs.
MSCI GLOBAL SMALL CAP INDEXES The following are changes in constituents for the MSCI Global Small Cap Indexes which will take place as of the close of November 30, 2023.
MSCI Malaysia Index Addition: 3 (Boustead Plantations, Malayan Cement, UEM Sunrise) Deletion: 2 (Dagang Nexchange, Hextar Tech Soln)
@pang72, MCement is definitely under-valued despite the recent run up. CIMB was quick enough to see the potential as demand for cement is picking up strongly from Malaysia and Singapore.
High-speed rail tracks are laid directly with concrete The difference between high-speed rail tracks and traditional train tracks lies in the track laying materials and methods. Traditional train tracks usually use wood or steel as track supports and are laid with iron tracks. The high-speed rail tracks are more modern and are laid directly with concrete.
The construction of high-speed rail tracks takes advantage of the advantages of concrete. Concrete is a strong and durable material with good resistance to compression and weathering. This makes the high-speed rail track more stable and durable, able to withstand the operation and heavy load pressure of high-speed trains. Compared with traditional wooden and iron tracks, concrete-paved high-speed rail tracks have a longer service life and reduce maintenance and replacement costs.
Possible bonus issues and bumper dividend or share splits anytime sooner or later ! Great possibilities, as like previous YTL Corpn also had share splits years ago.
@KeepLearning, we cannot compare like to like. Cement is a commodity business, and the profit margin depends a lot on the input costs especially coal costs. Each cement company has different purchasing strategy for coal, but over time when coal prices stabilises (over a period of 6 months or more), each cement company should have similar cost structure and profit margin level.
It also depends on each cement company's total production capacity, i.e. any spare capacity and the initial sunk in costs (and hence depreciation charges). MCement has become this big by acquiring Lafarge Cement, so there is some legacy cost from the acquisition that takes time for Mcement to consolidate.
We shall see from Mcement upcoming result next Thursday whether its profit margin has caught up with peers.
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....
Nepo
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Posted by Nepo > 2023-11-17 18:52 | Report Abuse
With this good news, share price will push over RM 4
Stay tuned