A director at J K Cement Ltd bought 14,000 shares at 2,095.024INR and the significance rating of the trade was 57/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cle...
The general evaluation of JK CEMENT (IN), a company active in the Building Materials & Fixtures industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date August 31, 2021, the closing price was INR 3,2...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
GREATER CHINA Results Alibaba Group (BABA US/BUY/ US$224.31/Target: US$276.00): 3QFY20: Anther solid quarter, mixed impact from the coronavirus outbreak. MGM China (2282 HK/HOLD/HK$11.90/Target: HK$12.00): 4Q19: In line but outlook uncertain. INDONESIA Small/Mid Cap Highlights Arwana Citramulia (ARNA IJ/NOT RATED/Rp462): Could benefit from potential cut in industrial gas prices. MALAYSIA Results Dialog Group (DLG MK/HOLD/RM3.39/Target: RM3.60): 2QFY20: Profits on track owing to a surge in ov...
J K Cement: Well placed to benefit from exposure to North India (JKCE IN, Mkt Cap USD1.5b, CMP INR1418, TP INR1660, 17% Upside, Buy) New capacities to drive earnings J K Cement’s (JKCE) 3QFY20 results reflect the benefit of the company’s strong exposure to North India, our preferred regional market. EBITDA/t increased 29% YoY, led by 8% YoY increase in realizations. We maintain our FY20/FY21 estimates and our Buy Moreover, JKCE’s new capacities should lead to volume and earnings growth....
J K CEMENT: Marginal miss on profitability, new capacities to drive growth (JKCE IN, Mkt Cap USD1.3b, CMP INR1181, TP INR1370, 16% Upside, Buy) Volumes/revenue in line: Grey cement volumes (incl. clinker) increased 2% YoY to 1.9mt (in-line), while white cement volumes were up 13% YoY to 0.33mt in 2QFY20. Combined realizations stood at INR5,604/t (+10% YoY). Revenue increased 14% YoY to INR12.5b (our estimate: INR12.3b). Higher-than-estimated cost leads to a miss on margins: Cost/t was up...
J K CEMENT: Healthy realizations aid margin expansion (JKCE IN, Mkt Cap USD1b, CMP INR961, TP INR1160, 21% Upside, Buy) Grey cement volumes decline; white cement volume growth healthy: Grey cement volumes (incl. clinker) decreased 3% YoY to 1.97mt, while white cement volumes were up 21% YoY to 0.34mt in 1QFY20. Combined realizations stood at INR5,753/t (+19% YoY;+11% QoQ). Revenue increased 19% YoY to INR13.3b (our est. of INR12.7b). Healthy realizations boost profitability: Blended EBIT...
MOSL: JK CEMENTS (Buy): Increasing utilization setting good stage for rapid capacity expansion (JKCE IN, Mkt Cap USD1b, CMP INR944, TP INR1155, 22% Upside, Buy) Grey cement utilization now at 96%; white cement volume growth healthy: Grey cement volumes (incl. clinker) increased by 5.5% YoY to 2.53mt (~96% utilization), while white cement volumes were up 9% YoY to 0.35mt in 4QFY19. Combined realizations stood at INR5,182/ton (+7% YoY). Revenue increased 13% YoY to INR14.9b (in-line) in the...
J K Cement: Sequential savings in cost leads to margin improvement (JKCE IN, Mkt Cap USD0.8b, CMP INR690, TP INR825, 19% Upside, Buy) Healthy growth in white cement; modest in grey…: Grey cement volumes (incl. clinker) increased by 6% YoY to 2.14mt, while white cement volumes increased by 19% YoY to 0.35mt. Combined realizations stood at INR5,098/ton (flat QoQ, +5% YoY), in line with estimates. Revenue increased 13% YoY to INR12.7b, as against our estimate of INR12.4b. Sequential savi...
J K Cement: Margins impacted by weaker realizations and cost push (JKCE IN, Mkt Cap USD0.8b, CMP INR766, TP INR1051, 37% Upside, Buy) Volume growth healthy: 1QFY19 grey cement volumes (incl. clinker) increased 9% YoY to 2.03mt, led by healthy growth in cement volumes, partially offset by lower clinker sales. White cement volumes rose 9% YoY to 0.28mt, driven by healthy growth in the wall putty segment due to ramp-up of new capacity. Cost push, weak realizations dent margins: Grey cemen...
J K Cement: Margins impacted by sequentially weaker realizations (JKCE IN, Mkt Cap USD1.1b, CMP INR1058, TP INR1343, 27% Upside, Buy) Volume growth above estimates: 3QFY18 grey cement volumes (including clinker) increased 12% YoY to 2.03mt (est. of 1.94mt), led by growth in the north and south operations, as well as higher clinker sales. White cement volumes increased 12% YoY to 0.3mt, led by 20% YoY growth in wall putty due to ramp-up of new capacity. Lower realizations dent margins: G...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.