STCM Update Report 03/12/10
- POSITIVE SALES UPDATE FOR 2009;
- STEPPE CEMENT WILL CONTINUE TO INCREASE MARKET SHARE;
- SHORT-TERM BUSINESS RISK IS LOWER;
- RECENT MERGER INCREASED LONG-TERM GROWTH OPPORTUNITIES;
- BBA INVESTMENT RATING;
- INCOME STATEMENT (historical);
- KEY FINANCIAL RATIOS (Historical).
10 pages
This report provides analyst comment on company’s latest events and performance. Report contains target price, forecast on business risk (short-, mid-, and long-term) and growth possibilities (long-term) of the company, providing reader with necessary information to make decisions. Key reasons to read this report:
- Report contains only relevant information, leaving out excessive data.
- Understand company’s opportunities, competitive situation and business risk.
- Understand which events influence company performance.
- Understand which events influence the situation of industry.
- Independent analyst comment and opinion.
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Contents:
- SHARE PRICE IS EXPECTED TO BE SIGNIFICANTLY HIGHER; - POSITIVE SALES UPDATE FOR 2009;
- STEPPE CEMENT WILL CONTINUE TO INCREASE MARKET SHARE;
- SHORT-TERM BUSINESS RISK IS LOWER;
- RECENT MERGER INCREASED LONG-TERM GROWTH OPPORTUNITIES;
- BBA INVESTMENT RATING;
- INCOME STATEMENT (historical);
- KEY FINANCIAL RATIOS (Historical).
10 pages
This report provides analyst comment on company’s latest events and performance. Report contains target price, forecast on business risk (short-, mid-, and long-term) and growth possibilities (long-term) of the company, providing reader with necessary information to make decisions. Key reasons to read this report:
- Report contains only relevant information, leaving out excessive data.
- Understand company’s opportunities, competitive situation and business risk.
- Understand which events influence company performance.
- Understand which events influence the situation of industry.
- Independent analyst comment and opinion.
This report will become available for purchase after you register and log in
Price for this Report: €70 / $100
Price for 30-days Unlimited Report Access (subscription includes all our reports): €30 / $50
Price for 30-days Unlimited Report Access for Enterprises (full access for all users at Your Company):
starting from €350 / $500. For Enterprise Access, please contact us.
Steppe Cement Ltd is the Malaysian-incorporated holding company of the two operating companies, Karcement J.S.C., and Central Asia Cement J.S.C., that form the cement manufacturing complex at Karaganda in central Kazakhstan. Steppe Cement was listed on the AIM in London in September 2005 and raised US$21 million by the issue of 14 million new shares in March 2006 in order to finance the refurbishment of two large dry-process kilns. When completed in 2008, this will enable the group to triple its present production capacity. Overall demand in the country was up 34% over the first five months of 2005. The cement market in Kazakhstan is presently in acute shortage with imports representing 33% of the market (an increasing of 78% from the same period last year). Steppe Cement’s capacity expansion will substitute most of the imported cement. This reflects the continuing strong economic growth that the economy has been enjoying for the last five years.
As the Government recently announced substantial tax cuts and plans for increased infrastructure spending, it seems unlikely that this rate of economic growth will slow in the near term. The demand is not expected to attend the peak of 9 million tons achieved in 1989 until 2010. Against this background of surging demand for cement, Steppe Cement has entered into a series of contracts with leading cement plant suppliers, such as F.L.Schmidt, to enable it to refurbish and improve two very large dry-process kilns that have been moth-balled since 1994. These will quadruple the capacity of the present operations from four wet-process kilns (approx. 800,000 tons per annum) and will substantially reduce operating costs per ton. To finance this expansion, the group entered into a long term loan agreement with the European Bank for Reconstruction and Development and raised new equity by a placement of shares to new investors in which the EBRD also participated.
Interim Report 2009
Annual Report 2008
Interim Report 2008
As the Government recently announced substantial tax cuts and plans for increased infrastructure spending, it seems unlikely that this rate of economic growth will slow in the near term. The demand is not expected to attend the peak of 9 million tons achieved in 1989 until 2010. Against this background of surging demand for cement, Steppe Cement has entered into a series of contracts with leading cement plant suppliers, such as F.L.Schmidt, to enable it to refurbish and improve two very large dry-process kilns that have been moth-balled since 1994. These will quadruple the capacity of the present operations from four wet-process kilns (approx. 800,000 tons per annum) and will substantially reduce operating costs per ton. To finance this expansion, the group entered into a long term loan agreement with the European Bank for Reconstruction and Development and raised new equity by a placement of shares to new investors in which the EBRD also participated.
Interim Report 2009
Annual Report 2008
Interim Report 2008
Latest News
Steppe Cement`s (STCM) Revenues Grew 21% In H1 2010
In the first half of 2010, Steppe Cement Ltd sold 523156 tonnes of cement for 4694 million Tenge
In the first half of 2010, Steppe Cement Ltd sold 523156 tonnes of cement for 4694 million Tenge
BBA Comment On Steppe Cement's Positive Sales Update For 2009
Steppe Cement recorded turnover for the year ended 31 December 2009 of KZT 8737 million from cement sales totalling 930297 tonnes.
Steppe Cement recorded turnover for the year ended 31 December 2009 of KZT 8737 million from cement sales totalling 930297 tonnes.
BBA: STEPPE CEMENT WILL CONTINUE TO INCREASE MARKET SHARE
For the first 9 months of 2009, the cement market in Kazakhstan decreased by 16% but Steppe Cement is revising its estimate for the cement market for 2009 to 4.8 million tonnes
For the first 9 months of 2009, the cement market in Kazakhstan decreased by 16% but Steppe Cement is revising its estimate for the cement market for 2009 to 4.8 million tonnes
DESPITE NEGATIVE FACTORS, STEPPE CEMENT INCREASED ITS MARKET SHARE
Average price for delivered cement decreased by 42.6% to 8,776 KZT
Average price for delivered cement decreased by 42.6% to 8,776 KZT
Steppe Cement: Preliminary results for the year ended 31 December 2008
The Group recorded turnover for the year ended 31 December 2008 of 11,012 million Tengefrom cement sales totalling 807,300 tonnes...
The Group recorded turnover for the year ended 31 December 2008 of 11,012 million Tengefrom cement sales totalling 807,300 tonnes...
