MAY 2013 - Kresna Securities

Monthly Bulletin
MAY 2013
CEMENT
National cement consumption (m tons)
5.5
2012 2013
5.2 5.2 5.2 5.1
5.0
4.5
4.6
4.5
4.4 4.4
4.7
4.5
4.8
4.0
4.1 4.1
4.2
3.5
3.6
3.0
2.5
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Source: Indonesia Cement Association (ASI), Kresna Research
Sector:
Cement to reach Rp65.0tr investment by 2017. Up until 2017,
investments in Indonesia’s cement industry will reportedly reach
Rp65.0tr, boosting national cement production to Rp108.7m
tons per year, compared to the 2012 figure of 60.5m tons.
28.0% of new investment will come from newcomers and
foreign investors. Source: Investor Daily.
SMCB:
• To boost capacity by 40.0%. Holcim Indonesia (SMCB) is
reported to be boosting its production capacity by 40.0%
within the next four years, reaching 12.5mt, to meet the
growing demand for building materials in the country.
Further, SMCB is reported to have secured a Rp1.0tr loan to
build its Tuban II plant, equivalent to 34.2% the total funds
required. Source: The Jakarta Globe and Koran Tempo
• To pay Rp48.0 dividend per share. Based on the AGM
result, Holcim Indonesia (SMCB) is reported to be ready to
disburse Rp48.0 dividend per share on 14May13, with a
dividend yield of 1.3%. Source: Bisnis Indonesia
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