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Yum gong Liao Lo.
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Sgvale ( Date: 23-Feb-2021 10:55) Posted:
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Int Cement wake up leh.
Sgvale ( Date: 22-Feb-2021 08:53) Posted:
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carefoo hor. lol
Wow Samko going so strong up but Intl Cement got nobody interested. Why? Good luck
Sgvale ( Date: 22-Feb-2021 14:30) Posted:
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Construction raw materials eg Steel, Timber, Cement etc cost are rising. Matter of time .
[COPY PASTE FROM INVESTING NOTE NOTE, CREDITS TO USER CJS_TAN09]
BRIEF BACKGROUND
International Cement Group (ICG) was previously known as Compact Metal. It was until Mr Ma Zhaoyang who joined and started reorganisation efforts that resulted in a new business direction to develop cement and building materials in Central Asia. This is then how ICG is known to have two business arms today &ndash cement in Central Asia and aluminium in Singapore accounting for 90% and 10% of the overall revenue respectively.
DEMAND OF CEMENT CONTINUES TO BE HIGH
Presently, Central Asia, together with the rest of the world, have started their vaccinations on its citizens in an attempt to start the recovery of respective economies as soon as possible in a safest possible manner. Some people have then asked me, &ldquo what is it that I see in ICG that makes me want to promote them so much?&rdquo The answer lies in the operating theatre of its cement production lines.
Today, the lands and infrastructures within Central Asia are considered backwards and therefore suggests room for further developments. This thus makes cement one of the natural key building materials that Central Asia cannot do without. However, there is more than what meets the eyes on the demand for cement &ndash China&rsquo s Belt-and-Road (BRI) Initiative is precisely what drives the higher demand for cement because this US$4 &ndash 8 trillion foreign and economic infrastructure development strategy has plans to connect China to Central Asia, the Middle East, Russia, and Europe via the Silk Road Economic Belt. In addition to this, there have also been proper legislations set up to curb cement production in China so one can certainly expect a higher demand of cement from Central Asian cement suppliers in the foreseeable future.
RECOVERY OF ALUMINIUM BUSINESS
While the aluminium business arm has taken a slow recovery but it&rsquo s a gradual one, given that it depends very much on the recovery of the construction market and land space in Singapore. As of 30 June 2020, ICG has secured a three-year delivery order of S$17.4 million to be from 2020 to 2022.
SHAREHOLDING & SHARES ANALYSIS
As of 21 February 2021, after the restructuring of VGVL on 18 Feb 2021, Mr Ma Zhaoyang holds 25.59%, Mr Zhang Zeng Tao holds 54.93%, and other substantial shareholders hold around a total of 16.23% of the total 5,734,732,849 shares. This leaves us with 185,966,797 shares in the public float today.
It seems that down the road the directors can certainly explore to raise funds by increasing the number of shares to assist in expansion strength and joint ventures to further leverage on the ever-growing demand of cement ensued by potential developments in Central Asia and China&rsquo s BRI.
FINAL COMMENTS
The current market valuation of ICG is only 390m (share price of $0.068) right now. Net profit margin is 21.6%. I believe there should be a proper market revaluation of the company after the release of FY2020 results and the recovery of economies and oil prices all around the world as 2021 proceeds.
The Board of Directors of International Cement Group Ltd. (the &ldquo Company&rdquo , and together with its subsidiaries, collectively the &ldquo Group&rdquo ) wishes to advise shareholders that the Group is expected to report lower profits for the second half ended 31 December 2020 (&ldquo 2H2020&rdquo ) and the full year ended 31 December 2020 (&ldquo FY2020&rdquo ) based on a preliminary assessment of the Group&rsquo s unaudited consolidated financial results for 2H2020 and FY2020. In an outlook update on 22 May 2020 and half year announcement for the six months ended 30 June 2020, the Company had already guided that the COVID-19 pandemic had severely impacted the global economy and brought about significant market volatility and uncertainty, including a sharp reduction in global demand for oil and in oil prices. This had resulted in significant depreciation of the Kazakhstani Tenge against the United States Dollar and Chinese Yuan in FY2020 and the Group&rsquo s operating subsidiary in Kazakhstan has significant foreign currency exposures arising from payables for the construction of its cement plant. In addition, due to a reduction in remittances caused by the COVID-19 pandemic, the National Bank of Tajikistan made a correction to harmonise official and black-market exchange rates in November 2020, causing a 10% depreciation of the Tajikistani Somoni against the United States Dollar. This development also led to unrealised foreign exchange losses for the Group, as the Group has significant foreign currency exposures due to its intercompany balances. In Kazakhstan, where the Group recently completed the construction of its second cement plant, its two main cities of Nur-Sultan and Almaty went into lockdown from mid March 2020 to May 2020, and implemented a second lockdown in early July 2020. Even though the cement plant started operations in April 2020 as planned, commencement of sales was delayed until the later part of the third quarter of 2020 which had resulted in operating losses for the plant during the 5-month period. Notwithstanding the above, the Group is still expected to record profits for 2H2020 and FY2020. The overall financial position of the Group remains healthy. The Group is in the process of finalising its unaudited financial results for 2H2020 and FY2020. Further details of the Group&rsquo s financial results will be disclosed when the Company announces its unaudited financial results for 2H2020 and FY2020, on or around 25 February 2021. In the meantime, shareholders and potential investors are advised to exercise caution when dealing in the shares of the Company. Persons who are in doubt as to the action they should take should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers.
Its a mixed result based on icg update:
highlighted in yellow are the negative news:
1)the Group is expected to report lower profits for the second half ended 31 December 2020 (&ldquo 2H2020&rdquo )
2)the National Bank of Tajikistan made a correction to harmonise official and black-market exchange rates in November 2020, causing a 10% depreciation of the Tajikistani Somoni against the United States Dollar.
3)Kazakhstan second cement commencement of sales was delayed until the later part of the third quarter of 2020 which had resulted in operating losses for the plant during the 5-month period.
highlighted in green are the positive news:
1)the Group is still expected to record profits for 2H2020 and FY2020
2)The overall financial position of the Group remains healthy
From what i read,current profit guidance is slightly below par performance as exchange rate losses and kazakhstan factory operating losses was not anticipated. However, the outlook for the company seems brighter as they have started to clear their backlog sales after the covid lockdown at kazakhstan which also means we will likely see a much improve performance on 2021.
Anyone with your view?Care to share your opinion?Dont know how MR market fair this.Thanks..
Its a mixed result based on icg update:
highlighted in yellow are the negative news:
1)the Group is expected to report lower profits for the second half ended 31 December 2020 (&ldquo 2H2020&rdquo )
2)the National Bank of Tajikistan made a correction to harmonise official and black-market exchange rates in November 2020, causing a 10% depreciation of the Tajikistani Somoni against the United States Dollar.
3)Kazakhstan second cement commencement of sales was delayed until the later part of the third quarter of 2020 which had resulted in operating losses for the plant during the 5-month period.
highlighted in green are the positive news:
1)the Group is still expected to record profits for 2H2020 and FY2020
2)The overall financial position of the Group remains healthy
From what i read,current profit guidance is slightly below par performance as exchange rate losses and kazakhstan factory operating losses was not anticipated. However, the outlook for the company seems brighter as they have started to clear their backlog sales after the covid lockdown at kazakhstan which also means we will likely see a much improve performance on 2021.
Anyone with your view?Care to share your opinion?Dont know how MR market fair this.Thanks..
TheMysteryDay024 ( Date: 20-Feb-2021 09:52) Posted:
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JERRY JERRY JERRY IS IN THIS STOCK. ROCKETTTTT!!!
HUAT LA! RECORDING PROFITS IN 2020. LAST CALL. ROCKETMAN TOO KIND ALR. KEEP WAITING. CHIONG LIKE AN OX. SHOW WHAT OTHER COUNTERS YOU ALL (BBs) CAN DO.
If you see construction activity or demand of cement is not getting better ahead, then sell.
Interestingly some interpret profit guidance in cement as good news and predict monday will go up. Just like sembmar. Profit warning and forumers say it will go up
muifan ( Date: 19-Feb-2021 21:18) Posted:
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Profit guidance ... jialat Liao
What you mean? Icg result will be announce on 25Feb 2021...mostly yum gong liao..
Sgvale ( Date: 19-Feb-2021 19:30) Posted:
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Transit Concrete halted. Int Cement?
the zeng kay do not want the counter to run..
expecting good results most probably...
expecting good results most probably...
trader1970 ( Date: 17-Feb-2021 15:50) Posted:
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Support esatblished at 71,... moving towards 73 again... then 75... not over yet...:)
First 73 then 75 and afternoon test 78...
break out, time to fly to 78..:)
Sgvale ( Date: 16-Feb-2021 14:46) Posted:
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Coming already
LAST CALL. ROCKETMAN IS HERE FOR REAL!