Intl Cement
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Venturing into Cement Business
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This RTO company I like. It is in cement business which I believe has big plans for the one belt initiative.
The placement of 200 mil (80 mil comfirmed and 120 mil 6 month call option) was priced above market price of $0.045 with a moratorium of 6 months.
Limited downside anyway. DYODD
Intenational Cement Group released first quater results. Profit increased by 20% yoy for 1Q 2019.
- The operating environment for the aluminium business continues to be challenging.
- Additional facilities for the cement plant in Tajikistan which will be completed in 2Q2019 is expected to bring cost savings.
- The cement plant in Kazakhstan is expected to be completed during the second half of 2019.
https://links.sgx.com/FileOpen/1Q2019%20Announcement_13052019.ashx?App=Announcement& FileID=558999
