Cement News tagged under: corporate
Cimpor drops 6.3 per cent on high volatility13 February 2009, Published under Cement NewsCimpor traded between an intraday low of €3.64 and a high of Euro3.89. Today its volatility (highest price minus lowest price/lowest price) of 6.8 per cent was 1.7 times the average daily volatility of four per cent, up from 3.2 per centon Wednesday and 3.7 per cent on Tuesday. This suggests a trading opportunity between peaks and troughs. The share price slumped 24.60 Eurocents (or 6.3 per cent) to €3.64, ending a five-day streak of rises. Compared with the PSI-20 index which fell 52 points... |
Buzzi Unicem rises 0.5 per cent on robust volume, ending a two day streak of losses13 February 2009, Published under Cement NewsBuzzi Unicem , Italy’s second largest construction company by market capitalisation, rose five Eurocents (or 0.5per cent) to €9.47, ending a two-day streak of losses. Compared with the MIBTEL index which fell 272.0 points (or 1.9 per cent) on the day, this represented a relative price change of 2.4 per cent. The volume was 2.4 times average trading of 239,919 shares. |
Holcim decreases 1.9 per cent, P/E improves to 3.413 February 2009, Published under Cement NewsHolcim fell for a third day on Thursday bringing its three-day fall to CHF4.15 or 7.7 per cent. The share price decreased 95c (or 1.9 per cent) to CHF49.70. Compared with the Swiss Market index SMI® Price index which fell 17.1 points (or 0.3 per cent) on the day, this represented a relative price change of -1.5 per cent. As a result of the price decline the Price/Earnings multiple based on trailing twelve months earnings has improved to 3.4; the stock has a value percentile rank of 87.6 or ... |
Cementos Portland Valderrivas hits year-low 11th time in three months13 February 2009, Published under Cement NewsCementos Portland Valderrivas, Spain’s fourth largest Construction company by market capitalisation, hit a 52-week low of €20 during the day. In the last three months the stock has hit a new 52-week low eleven times, pointing to a significant downtrend. The stock fell for a third day on Thursday bringing its three-day fall to 80 Eurocent or 3.8 per cent. The share price dipped 12.0 Eurocent (or 0.6 per cent) to €20.20. Compared with the IBEX35 index which fell 154.9 points (or 1.8 per cent) ... |
HeidelbergCement slides 5.4 per cent, in significant downtrend13 February 2009, Published under Cement NewsHeidelbergCement slid €1.63 (or 5.4 per cent) to €28.37. Compared with the DAX index which fell 122.5 points (or 2.7 per cent) on the day, this represented a relative price change of -2.7 per cent. Price Volume Trend: The price plummeted 8.8 per cent in the last week. This was on volume of 1.1 times average for week. In the last three months the number of falls outnumbered rises 35:26 or 1.35:1. |
Taiheiyo Cement’s Net Loss Seen Widening To Y28bn13 February 2009, Published under Cement NewsTaiheiyo Cement Corp said that it will suffer a ¥28bn group net loss for the year ending March 31, deeper than the ¥7bn loss it had previously projected and a far cry from its ¥20.4bn profit in fiscal 2007. Its core cement business has been struggling amid the economic downturn. In addition, earnings have been slumping at a South Korean affiliate, whose performance is reflected in Taiheiyo Cement’s consolidated results based on the proportion of ownership. Sales are expected to fall five pe... |
Taiwan Cement Corp posts fall11 February 2009, Published under Cement NewsTaiwan Cement Corp posted combined revenues in January at NT$2.391bn, a fall of 19.95% YoY, while its revenues in domestic market were at NT$1.601 billion, or a fall of 28.98%, showing the contribution from overseas reinvestments played important role in its revenues in January. Earlier, the company confirmed it has acquired cement orders from China for construction of Fujien province rural areas and the construction works in roads and railroads in Guangzhou city. The company pointed out... |
CNBM sells shares to pay loan, China11 February 2009, Published under Cement NewsChina National Building Material Co Ltd (CNBM), China’s second largest cement manufacturer, sold HK$2.14bn worth of H-shares last week to repay loans, hoping to lower its debt-to-equity ratio to 160% from 210%, the ratio recorded in last June, sources reported. Cao Jianglin, President of CNBM, noted that the company is capable of reaching the debt-to-equity ratio target and will probably lower the ratio even more by the end of 2009. Meanwhile, there will be no job cuts or salary decreases ... |
TCL looking to buy Cemex share10 February 2009, Published under Cement NewsTrinidad Cement (TCL) is looking to purchase the 20% share the local subsidiary of Cemex has in the company for roughly US$75m, paper the Trinidad Guardian reported. TCL has received an official notice issued by Santander Investment SA, which has been mandated by Cemex as exclusive financial advisor in the potential sale of the stake. The Trinidad firm is currently analyzing certain options, one of which is the buying and subsequent selling of its shares, TCL CEO Rollin Bertrand said. Ber... |
Turk Lafarge unit shares jump 9.3 per cent on sale talks10 February 2009, Published under Cement NewsShares in Turkish cement manufacturer Lafarge Aslan Cimento jumped 9.3 per cent on Tuesday after it said its parent Lafarge had started talks with potential investors on strategic options for its Turkish units. |