Malayan Cement
Posted: Mon Feb 24, 2020 2:19 pm
not vested
Malayan Cement Berhad (LMC MK) : BUY
Mkt. Cap: US$739m I 3m Avg. Daily Val: US$0.07m
Last Traded Price ( 20 Feb 2020): RM3.62
Price Target 12-mth: RM4.40 (22% upside) (Prev RM3.95)
Lifted by better gross margin
Net loss continued to narrow with improved gross margin
Gross margin was supported by better cement prices and lower coal prices
Expect better quarters ahead, backed by improved demand and more cost savings
Sentiment has turned positive; maintain BUY with higher TP of RM4.40
Source: DBS
https://researchwise.dbsvresearch.com/R ... bgfikfcafi
Malayan Cement Berhad (LMC MK) : BUY
Mkt. Cap: US$739m I 3m Avg. Daily Val: US$0.07m
Last Traded Price ( 20 Feb 2020): RM3.62
Price Target 12-mth: RM4.40 (22% upside) (Prev RM3.95)
Lifted by better gross margin
Net loss continued to narrow with improved gross margin
Gross margin was supported by better cement prices and lower coal prices
Expect better quarters ahead, backed by improved demand and more cost savings
Sentiment has turned positive; maintain BUY with higher TP of RM4.40
Source: DBS
https://researchwise.dbsvresearch.com/R ... bgfikfcafi