【MCEMENT 3794 交流专区】（前名 LAFMSIA）

icy97

拉法基1000万投资预拌洋灰厂

财经 2014年3月10日
（吉隆坡10日讯）大马拉法基（LAFMSIA，3794，主板工业股）在陈秀连路的预拌洋灰工厂，投资500万至1000万令吉，以配合吉隆坡的建筑项目发展的需求。       

大马拉法基总裁兼首席执行员马尔罗尼，在新预拌洋灰工厂推介礼后的记者招待会上表示，此新预拌洋灰工厂共投入500万至1000万令吉，並且该公司也投入1000万令吉至混凝土货车及提升服务方面。此新预拌洋灰工厂为该公司的扩展计划的一部份。

新预拌洋灰工厂的面积为1.6英亩，將可进行生產创新、高技术性及根据客户的需求定制洋灰的洋灰產品。另外，新预拌洋灰工厂採用全自动拌和系统，產能为每小时200立方米。

同时，该公司的新预拌洋灰工厂將可减少对环境造成伤害，因可降低灰尘及噪音排放。此外，此预拌混凝土工厂具备可对无法使用的洋灰中的水、沙及碎石，进行提取成份的再循环工作，从而对环境带来正面影响，是目前在大马唯一具备此项功能的工厂。

新洋灰厂成模范

吉隆坡市长拿督阿末菲沙表示，目前在吉隆坡的38家洋灰工厂中，包括9家不符合要求的工厂。市政局制定一套条例，要求洋灰业者遵守，这包括减少污染及噪音，以及洋灰搅拌车司机根据特定的路线將洋灰送到目的地，並不可让洋灰流泄在马路上。

阿末菲沙认为，大马拉法基的新洋灰工厂將成为吉隆坡洋灰工厂的模范。

另外，针对增建新的洋灰工厂，马尔罗尼透露，该公司在考虑建立新洋灰工厂时，主要是以建立工厂的时机及地点为主要考虑因素。【东方网财经】

icy97

拉法基馬今年淨利可破4億

2014-03-21 16:53      
（吉隆坡21日訊）儘管賺益受成本上漲與馬幣走疲擠壓，半島洋灰市佔達41%的市場領導者拉法基馬（LAFMSIA,3794,主板工業產品組），料今年淨利仍可按年增長4%至逾4億令吉，強勁現金料可派豐厚股息，週息率達5.0%。

開始對拉法基馬研究的肯納格研究說，該公司去年有4億5千100萬令吉現金流或每股53仙，負債只達80萬令吉，預測今年每股派47仙股息。

“洋灰成本上漲，短期賺益受壓，馬幣走疲繼續擠壓賺益，電費調高、柴油價上漲、運輸與人力也導致成本提高。綜合成本預計上揚至2014財政年的8.2%，相比2013財政年3.8%，2015財政年預計走高至9.0%。”

分析員相信未來可憑藉強勁品牌和廣泛產品群，兼供應特定洋灰，可循序漸進擴展以保產能優勢。預測明年淨利按年增長12%至逾4億5千萬令吉。

其議價能力有限，因為品牌區分少，轉換品牌的成本較低；同時，近年國內洋灰產量大增，可能導致增加供應後的洋灰價格呈波動。

目前建築業蓬勃，預測洋灰需求增，很多工程由經濟轉型計劃（ETP）與第十大馬計劃（10MP）釋放，中期展望良好，相信總共發出2千440億令吉工程計劃是可行的，而產業發展總值也達1千810億令吉。

近期洋灰需求看俏

“基於至少30%成本來自建材，近期洋灰需求看俏。”

2015財政年產能達120萬公噸，即比目前的1千295萬公噸增加9.3%，公司出口20%至30%產品。長遠將增產供出口，緬甸和其他亞洲崛起國是其市場。

給予“反映大市”評級，目標價9令吉50仙，20倍本益比或2014財政年每股盈利47.4仙。（星洲日報／財經‧報道：張啟華）【南洋网财经】

icy97

Notice of Interest Sub. S-hldr (29A)

LAFARGE MALAYSIA BERHAD

Particulars of Substantial Securities Holder

Name	AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera
Address	Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur
NRIC/Passport No/Company No.	766894-T
Nationality/Country of incorporation	Malaysian
Descriptions (Class & nominal value)	Ordinary Shares of RM1.00 each
Name & address of registered holder	AmanahRaya Trustees Berhad - Skim Amanah Saham Bumiputera Tingkat 4, Balai PNB 201-A, Jalan Tun Razak 50400 Kuala Lumpur

Date interest acquired & no of securities acquired
Currency	Malaysian Ringgit (MYR)
Date interest acquired	31/03/2014
No of securities	42,821,900
Circumstances by reason of which Securities Holder has interest	Purchase of shares
Nature of interest	Direct
Price Transacted ($$)
Total no of securities after change
Direct (units)
Direct (%)
Indirect/deemed interest (units)
Indirect/deemed interest (%)
Date of notice	02/04/2014

icy97

前二大洋灰商合併

2014-04-07 16:37      
（法國‧巴黎7日訊）全球前兩大洋灰生產商－－法國的拉法基（Lafarge）與瑞士霍爾希姆（Holcim）董事部同意進行1：1換股平等合併，締造市值達550億美元（約1千799億令吉）的新公司。

此次合併是該行業有史以來規模最大的併購案，新建實體的合併營收超過400億美元，因此更有可能招致全球反壟斷監管機構的額外審查。

兩家公司上週五（4日）已經發佈聲明，宣佈他們在就合併問題進行深入協商，達成協議將有助於雙方削減成本和債務，並更好地應對能源價格大漲和需求趨疲。2008年經濟危機以來，能源漲價和需求不振衝擊該行業。

目前全球前4大洋灰廠依序為霍爾希姆（營收220億美元）、拉法基（208億美元）、Heidelberg Cement（180億美元）、Cemex（152億美元）。
分析師稱，雙方若合併，將消除閒置產能，幫助市場整合。

交易可能受到全球競爭監管機構的審查，因為拉法基和霍爾希姆合併後，將在歐洲和美國佔市場主導地位。

《華爾街日報》引述消息人士談話稱，為獲得各國反壟斷主管機關的同意，兩大公司可能得出脫高達80億美元的資產。

法國投資銀行Natixis分析師班奇哈表示，就地域來看，2家公司可相互彌補業務的不足。拉法基專精非洲和中東市場，而霍爾希姆主攻拉丁美洲。

但班奇哈警告，合併案可能費時多年才會過關，本案在“美、加、法和巴西都存在壟斷問題，雙方合併後在上述市場將握有主導地位”。

消息人士稱，兩家公司已經在努力解決（星洲日報／財經）

icy97

母公司与瑞士Holcim合併　大马拉法基强劲反弹

财经 2014年4月7日
（吉隆坡7日讯）隨著市场传闻指大马拉法基（LAFMSIA，3794，主板工业股）的母公司--法国拉法基可能和瑞士洋灰公司Holcim合併，分析员正面看待这一项消息，同时也认为双方合併后將提升洋灰升產力，对大马拉法基的未来发展有利。       

傍晚，Holcim与拉法基证实达成合併协议，成为全球最大的洋灰公司，年总销售量额达320亿欧元，而市值近600亿欧元。

由於法国拉法基是大马拉法基的最大单一股东，持有后者的51%股权，因此令投资者对大马拉法基有更大的期待。

这项消息也令股价上周跌破9令吉关口的大马拉法基止住连续5天的跌势，今天强势反弹。

大马拉法基今早以8.36令吉开市，最终势如破竹地以全天最高的8.65令吉收市，全天劲扬34仙或4.09%，成交量是141万零700股，並成为全场第5大的上升股。

肯纳格研究分析员表示，上述消息对大马拉法基而言是稍微正面的，因为一旦这2家国际企业合併的话，將產生潜在的协同效应。同时，分析员指出，Holcim洋灰公司在柔佛巴西古当有一座洋灰厂，年產量是120万公吨。

而大马拉法基在当地同样有另一座工厂，年產量是77万公吨。因此，法国拉法基和Holcim洋灰合併成事的话，Holcim洋灰的年產量將在2015年增加8.5%，至1535万公吨。

他补充，「一旦这2家海外洋灰公司合併，这对有意在柔佛南部的建筑领域正强劲成长的环境下，想要分一杯羹的大马拉法基的而言，確实是一项正面的发展。」

肯纳格研究目前將大马拉法基2014和2015財政年的净利预测，分別维持在4亿零300万令吉和4亿5100万令吉。而大马拉法基的投资评级依然是「与大市同步」，目標价则是9.50令吉。【东方网财经】

icy97

母公司合併案影響微‧拉法基馬評級不變

2014-04-08 17:12      
（吉隆坡8日訊）拉法基馬（LAFMSIA,3794,主板工業產品組）法國母公司與瑞士霍爾希姆（Holcim）合併，分析員不排除雙方將整合旗下資產開創協同效應，唯盈利強化效果不大，維持評級不變。

這全球兩大洋灰集團合併成為LafargeHolcim，業務範圍將達90個國家，合併計劃包括脫售一些資產緩解競爭問題，但是管理層對即將脫售的資產不願置評。

目前拉法基馬及霍爾希姆在大馬均有業務，前者為上市公司，後者沒在大馬上市。

馬銀行研究表示，母公司合併後將涉及脫售一些資產（尤其是其貢獻佔擴大後稅息折舊及攤銷前利潤（EBITDA）逾10至15%的資產），不過，估計大馬資產合併後所貢獻的盈利僅佔母公司稅息折舊及攤銷前利潤的2%。

大馬霍爾希姆或注入拉法基馬

“因此，我們認為母公司無需脫售任何大馬資產，長期而言，因業務地理重疊性不高，不排除大馬霍爾希姆將注入拉法基馬，簡化大馬運作以提昇效率。”

拉法基馬為西馬半島最大洋灰業者，市佔率40%，年產能1千300萬噸，中北馬為主要市場，霍爾希姆在大馬屬小型業者，市佔率4%，年產能120萬噸，專注於南馬市場。

“預計霍爾希姆注入成本2億1千萬令吉，現金交易可能性較高，合併後拉法基馬市佔率將增至44%，若成功注入資產，拉法基馬稅後盈利（PATAMI）增加幅度將少於5%。”

截至2013年12月止，拉法基馬持有4億5千萬令吉現金，管理層亦需要持續改善股本回酬率（ROE）。

鑑於此合併仍屬市場猜測，馬銀行研究認為，即使無潛在資產注入，該股依然具吸引力，維持“買進”評級及目標價9令吉90仙不變。（星洲日報／財經‧報道：郭曉芳）

母公司合并后不售资产 大马豪瑞料注入拉法基马
财经新闻 财经  2014-04-09 12:45
http://www.nanyang.com/node/612803?tid=462

icy97

拉法基馬首季淨利揚36％

2014-05-23 10:53      
（吉隆坡22日訊）受銷量走高帶動，拉法基馬（LAFMSIA,3794,主板工業產品組）截至2014年3月31日止首季淨利按年成長36.14%至7千392萬8千令吉。

首季營業額則按年上漲4.9%至6億7千662萬8千令吉。

派息9仙
另外，該公司也宣佈派發每股9仙單層中期股息，除權日落在6月13日。

該公司董事部透過文告說，首季業績好轉主要歸咎于洋灰和平均銷售量隨市場需求走高，抵銷混凝土銷售因第二廉航終站（KLIA2）完成而下滑，讓整體小量銷量保持成長。（ 星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2014	31/03/2013	31/03/2014	31/03/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	676,628	644,941	676,628	644,941
2	Profit/(loss) before tax	97,186	73,369	97,186	73,369
3	Profit/(loss) for the period	73,820	54,440	73,820	54,440
4	Profit/(loss) attributable to ordinary equity holders of the parent	73,928	54,304	73,928	54,304
5	Basic earnings/(loss) per share (Subunit)	8.70	6.40	8.70	6.40
6	Proposed/Declared dividend per share (Subunit)	9.00	8.00	9.00	8.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	2.2800		2.3600

icy97

Date of change	22/07/2014
Name	Chen Theng Aik
Age	48
Nationality	Malaysia
Designation	Chief Financial Officer
Directorate	Executive
Type of change	Resignation
Reason	Mr Chen Theng Aik has tendered his resignation from his executive position in the Lafarge Malaysia Group to pursue an opportunity in another industry.
Details of any disagreement that he/she has with the Board of Directors	No
Whether there are any matters that need to be brought to the attention of the shareholders	No
Qualifications	- Masters in Business Administration (Marketing & Operations Management) from the University of Minnesota, USA - Certified Public Accountant (CPA) - Member of the Malaysian Institute of Accountants (MIA)
Working experience and occupation	Started his career with PricewaterhouseCoopers in the United States and has subsequently held various senior finance positions with BP Chemical Malaysia and Leo Burnett Advertising before joining Malaysian Oxygen Berhad as Chief Financial Officer and Executive Director, and DHL as the Head of Finance & HR Services for the Asia Pacific, Eastern Europe, Middle East and Africa Regions. On 1 September 2011, he joined Lafarge Malaysia Berhad (formerly known as Lafarge Malayan Cement Berhad) as Senior Vice President, Finance & Chief Financial Officer.

icy97

EX-date	13/06/2014
Entitlement date	17/06/2014
Entitlement time	05:00:00 PM
Entitlement subject	First Interim Dividend
Entitlement description	First interim single-tier dividend of 9 sen per ordinary share of RM1.00 each in respect of the financial year ending 31 December 2014
Period of interest payment	to
Financial Year End	31/12/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn Bhd Level 6, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47630 Petaling Jaya, Selangor Darul Ehsan
Payment date	16/07/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	17/06/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	17/06/2014
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.09

icy97

拉法基馬 斥4500萬推動洋灰業務

企業財經23 May 2014 17:48
（莎阿南23日訊）拉法基馬（LAFMSIA，3794，主要板工業）雖考慮開拓出口業務，並將緬甸、斯里蘭卡、孟加拉等列入考量市場，但將確保本地洋灰供應充足，今年計劃投資至少4500萬令吉推動洋灰業務。

該公司總裁兼總執行長柏萊德利慕洛尼今日出席常年股東大會后指出，公司確出口洋灰至多個國家，但仍將重點投資大馬半島業務，畢竟拉法基馬已承諾大馬政府，將確保國內有充足洋灰供應。

“我們不能光顧出口，讓大馬面臨洋灰供應短缺。”

詢及業務拓展計劃，柏萊德利慕洛尼說，拉法基馬今年已投入4500萬令吉至5000萬令吉推動洋灰業務，同時將再撥出3億令吉以在未來18個月，將洋灰產量增至120萬公噸。

“增產計劃已開始，至于位于八打靈再也的建築發展實驗室工程仍在進行中，預期可在下月底建竣。”

另一廂，拉法基馬昨日（22日）公布2014財年首季財報，淨利按年增36%至7393萬令吉，每股建議派息9仙，利好催升股價，今日一度勁起23仙，位居10大上升股榜。

該股早盤挑高10仙，以9.50令吉迎市，較后升勢穩定，休市攀高13仙至9.53令吉，半日僅14萬7800股易手；閉市時報9.63令吉，起23仙，成交量40萬1200股。【中国报财经】

icy97

icy97 发表于 28-2-2014 07:00 PM

Type	Announcement
Subject	OTHERS
Description	LMCB HOLDINGS PTE LTD (“LMCBH”) SINGAPORE INCOME TAX - YEAR OF ASSESSMENT 2004 - 2007 - CLAIM BY SINGAPOREAN COMPTROLLER OF INCOME TAX (“COMPTROLLER”) AGAINST LMCB HOLDING PTE LTD (“LMCBH”) AND LAFARGE MALAYSIA BERHAD (“LMB”) IN THE HIGH COURT OF SINGAPORE We refer to our announcement dated 27 February 2014. By that announcement, we had announced the following matters: (1) On 26 February 2014, the Court of Appeal of Singapore handed down its written Judgment on the appeal by the Inland Revenue Authority of Singapore (“IRAS”) to the Court of Appeal; and the appeal by LMCBH to the Court of Appeal; (2) The Court of Appeal had decided that: a. The appeal of the IRAS was disallowed in respect of the Years of Assessment 2004 to 2006 and allowed in respect of Year of Assessment 2007; and b. The appeal of LMCBH (a wholly-owned subsidiary of LMB) against certain aspects of the decision of the High Court of Singapore which were unfavourable to LMBCH was disallowed; (3) SGD9,593,000.00 which was refunded to LMCBH for Years of Assessment 2004 to 2006 is unaffected and the amount of SGD3,971,977.60 for the Year of Assessment 2007 will not be refunded to LMCBH. We now wish to announce that LMCBH and LMB have been served with a Writ of Summons in respect of a claim in the High Court of Singapore by the Comptroller for, among other things, the repayment of the sum of SGD9,589,816.84, damages to be assessed, tracing, interest and costs. LMB and LMCBH consider that there is no basis for the legal action. LMB and LMCBH have appointed lawyers. Further announcement on any material development in this matter will be made in due course. This announcement is dated 17 June 2014

icy97

Type	Reply to query
Reply to Bursa Malaysia's Query Letter - Reference ID	ZO-140619-42141
Subject	OTHERS
Description	LMCB HOLDINGS PTE LTD (“LMCBH”) SINGAPORE INCOME TAX - YEAR OF ASSESSMENT 2004 - 2007 - CLAIM BY SINGAPOREAN COMPTROLLER OF INCOME TAX (“COMPTROLLER”) AGAINST LMCB HOLDING PTE LTD (“LMCBH”) AND LAFARGE MALAYSIA BERHAD (“LMB”) IN THE HIGH COURT OF SINGAPORE We refer to our announcements dated 17 June 2014 and 20 June 2014. By those announcements, we announced that LMB have been served with a Writ of Summons in respect of a claim in the High Court of Singapore by the Comptroller for, among other things, the repayment of the sum of SGD9,589,816.84, damages to be assessed, tracing, interest and costs (“Writ”). We now wish to announce as follows: 1)        The Writ was filed in High Court of the Republic of Singapore on 2 May 2014. The Writ was served on LMB on 17 June 2014. 2)        The particulars of the claim under the Writ are as follows: (i)        Repayment of the sum of SGD9,589,816.84; (ii)        Further or in the alternative, damages to be assessed; (ii)        Further or in the alternative, tracing; (iv)        Interest pursuant to section 12 of the Singaporean Civil Law Act (the amount claimed is not stated in the Writ); (v)        Costs; and (vi) Such further and/or other relief as the Court deems fit. 3)        The details of the circumstances leading to the filing of the Writ are as follows: (i)        LMCBH received from Inland Revenue Authority of Singapore (IRAS) tax refunds for Years of Assessment (“YA”) 2004 to 2006 amounting to SGD9,593,000 in January 2005, September 2005 and November 2006. (ii)        Expected refunds for YA 2007 and 2008 amounting to SGD7,525,000 were recognised as a tax receivable in our financial statements for the relevant financial periods. (iii)        In 2008, LMCBH received Notices of Additional Assessment from the Comptroller for YA 2004 to 2006 by which the Comptroller sought a return of the refunds made for those years, and a Notice of Original Assessment for YA 2007 giving rise to a tax payable instead of a tax receivable in that YA. (iv)        In October 2008, LMCBH appealed to the Income Tax Board of Review (“Board”) against all the Notices of Additional Assessment received for YA 2004 to 2006 and the Notice of Original Assessment for YA 2007. The Board upheld the decision of the Comptroller. (v)        In April 2011, LMCBH filed an appeal to the High Court against the decision at the Board. (vi)        In December 2012, the High Court allowed LMCBH’s appeal against the Notices of Additional Assessment in connection with the tax refunds received by LMCBH for YA 2004 to 2006. The High Court also discharged the Notice of Original Assessment for YA 2007. (vii)        In January 2013, LMCBH and the Comptroller filed appeals to the Court of Appeal against the aspects of the High Court decision that were unfavourable to them. (viii)        On 26 February 2014, the Court of Appeal issued its written grounds of decision. The Court of Appeal disallowed the Comptroller’s appeal in respect of the YA 2004 to 2006 Notices of Additional Assessment and allowed the Comptroller’s appeal in respect of the YA 2007 Notice of Original Assessment. The Court of Appeal also disallowed LMCBH’s appeal against certain other aspects of the High Court decision which were unfavourable to LMCBH. As a result of the Court of Appeal’s decision, the sum of SGD9,593,000 which was refunded to LMCBH for YA 2004 to 2006 was unaffected, and it was decided that the amount of SGD3,971,977.60 for YA 2007 will not be refunded to LMCBH. (ix)        In June 2014, the Comptroller filed the Writ. 4)        LMCBH is an investment holding company and is not a major subsidiary of LMB. 5)        LMCBH is a wholly owned subsidiary of LMB. Its’ paid up share capital is SGD2.00. (6) The Writ will not have any material adverse impact on the Group’s financial position or its operations. If the claim for the repayment of the sum of SGD9,589,816.84 is successful, there will be a return of the amounts of tax refunded to LMCBH previously. (7)        In view of (6), no losses are expected to arise in the event that the claim is successful. Further announcement on any material development in this matter will be made in due course. This announcement is dated 20 June 2014

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拉法基启动东南亚建筑发展实验室

财经 2014年6月24日
（八打灵再也24日讯）大马拉法基（LAFMSIA，3794，主板工业股）昨天宣布启动东南亚首个建筑发展实验室（Construction Development Laboratory）。这是全球第6间建筑发展实验室，目標是采用创意的方案以满足本地建筑业的需求，进而提高建筑效率。       

拉法基主席兼首席执行员布拉德利（Bradley Mulroney）在文告表示，该公司致力为大马建筑业提供有助於提高建筑效率的方案，为建筑业的永续发展贡献一份力。

「建筑发展实验室將让我们测试、调整和定制集团研究中心所开发的创新方案。这將加速產品的发展与供应，以更好地满足本地的建筑需求。」

拉法基集团每年在研究与发展方面注入超过5亿令吉，在全球首屈一指的建筑材料研究机构，也就是位於法国里昂的拉法基研究中心，展开研究工作。该中心拥有超过200名员工和超过1000项专利。【东方网财经】

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洋灰涨价　拉法基財测上调

财经 2014年7月5日
（吉隆坡5日讯）隨著大部份洋灰业者，包括大马拉法基（LAFMSIA，3794，主板工业股），已经调涨洋灰价格，分析员上修该公司2014至2016財政年（12月31日结帐）的盈利预测。       

与此同时，基于大马拉法基的周息率处在4.6至5.1%吸引水平，加上涉及的行业抗通胀，所以，马银行金英投行分析员维持该股「买进」投资评级，目標价格上调至10.75令吉。

大马拉法基股价昨天趋高，全天在9.78至9.98令吉之间交易，最后以9.87令吉掛收，全天起11仙或1.13%，成交量为27万4000股。

分析员指出，今年3月1日，瑞士的Holcim公司是首家调涨洋灰价格的业者，接著在5月1日，大马拉法基跟隨Holcim公司的调涨步伐。隨后，大石机构（TASEK，4448，主板工业股）和谦洋灰（HUME）也纷纷调高它们的洋灰价格。

该分析员补充说，据了解，其他还未调涨价格的业者，如杨忠礼洋灰（YTLCement）和大马洋灰工业（CIMA）也暗示將会起价。

隨著大部份业者调高洋灰价格，马银行金英投行分析员指出，业者將从较高的洋灰价格中受惠，加上洋灰的需求前景正面，洋灰业者拥有较强的定价能力。而且，洋灰业者生產成本增加的情况得以缓和，因为较低的煤炭成本抵销了较高的电费。

「由电费调涨（今年1月1日起调高19%）所引起的较高营运成本，將被较低的煤炭成本（今年以来已下跌15%）抵销，而且煤炭占大马拉法基总生產成本较大的比重。有鑑於此，较高的洋灰净平均销售价，將提振大马拉法基的净利。」

分析员指出，虽然大马拉法基今年首季的销售量按年仅小幅增加0.4%，不过，该公司管理层预测，我国今年的洋灰需求量將增加2至5%，主要是由大型基建工程、发电厂工程、廉价屋发展计划与建筑工程带动。

大马拉法基目前正在扩充產能，两家厂房－－拱桥（Kanthan）和万挠（Rawang）厂房將额外增加的產能为120万公吨（比目前的產能多9%）。

分析员假设新產能在2015年中期开始投產，大马拉法基2015和2016財政年的產能成长分別为每年4.5%，符合市场的需求成长。

整体而言，隨著分析员將洋灰净价格预测调高2%，他也將大马拉法基2014至2016財政年的每股盈利预测，分別上调5%。

同时，他也將该股的目標价格上修至10.75令吉，维持该股「买进」投资评级。

大马拉法基洋灰的其他正面因素，包括强劲的营运现金流，將让该公司维持净现金，因此其股息派发预计不会受到影响。马银行金英投行预测该公司2014和2015財政年的每股股息，分別为45仙和46仙，这是按派息率91至94%计算。

擬与瑞士洋灰合併

另外，大马拉法基母公司－－法国拉法基可能和瑞士洋灰公司Holcim合併，预料將对大马拉法基有利，因为Holcim大马资產或將注入大马拉法基。

两家欧洲洋灰巨头是在今年4月宣布合併计划，若该计划获得当局批准，预计將在明年上半年会有最后的定案。

Holcim洋灰公司在柔佛巴西古当有一座洋灰厂，年產量是120万公吨。【东方网财经】

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Date of change	22/07/2014
Name	Wong Choong Meng
Age	57
Nationality	Malaysian
Type of change	Appointment
Designation	Chief Financial Officer
Qualifications	Member of Malaysian Institute of Chartered Accountants (MIA) and Fellow of the Institute of Chartered Accountants in England and Wales.
Working experience and occupation	Started his career in a firm of Public Accountants in London, Derek Webster and Company in 1977. In 1982, he joined Associated Pan Malaysia Cement Sdn Bhd (a subsidiary of Lafarge Malaysia Berhad (“LMB”)) and subsequently held various senior positions in finance and was, in July 1999 appointed as Chief Financial Officer of cement operations in Malaysia. In September 2001, he was appointed as Senior Vice President of CMCM Perniagaan Sdn Bhd (“CMCM”) (a subsidiary of LMB). In April 2012, he was appointed as Consultant for CMCM and LMB. On 22 July 2014, he assumed the position of Interim Chief Financial Officer.

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马拉法基次季净利跌5.1%　派息9仙

财经 2014年8月29日
（吉隆坡29日讯）大马拉法基（LAFMSIA，3794，主板工业股）2014財政年次季（截至6月30日止）净利为7733万令吉，与去年同期的8144万令吉比较，按年下跌5.1%。

公司营业额也从去年同期的7亿2887万令吉，按年下滑1.6%，至7亿1722万令吉。

另外，大马拉法基2014財政年首6个月净利为1亿5126万令吉，按年上升11.4%，去年同期为1亿3574万令吉；而累计营业额则达13亿9385万令吉，按年增加1.5%，去年同期为13亿7381万令吉。

配合业绩出炉，该公司宣布派发每股9仙的第二次单层中期股息，除权和付息日期分別在9月12日和10月15日。

该股今日全天大起18仙或1.80%，掛10.2令吉，成交量达34万3800股，成为全场第5大上升股。【东方网财经】

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拉法基马次季赚7733万

财经新闻 财经  2014-08-30 11:03
（吉隆坡29日讯）拉法基马洋灰（LMCEMNT，3794，主板工业产品股）次季净利按年微跌5%，报7733万令吉，相当于每股净赚9.1仙。

派息9仙
该公司去年次季净赚8144万令吉，相当于每股净利9.6仙。

尽管净利增长走滑，但该公司宣布派息每股9仙，派息总额达7647万令吉。

拉法基马洋灰次季营业额报7亿1722万令吉，相较去年同季的7亿2887万令吉，按年下滑1.6%。

该公司指出，生产成本增加，加上令吉汇率走软，影响次季获利表现。

累计两个季度，该公司净利按年扬升11.4%，报1亿5126万令吉；营业额则报13亿9385万令吉，按年微增1.5%。【南洋网财经】

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SUMMARY OF KEY FINANCIAL INFORMATION 30/06/2014

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30/06/2014	30/06/2013	30/06/2014	30/06/2013
		$$'000	$$'000	$$'000	$$'000

1	Revenue	717,218	728,872	1,393,846	1,373,813
2	Profit/(loss) before tax	103,722	110,036	200,908	183,405
3	Profit/(loss) for the period	77,399	81,620	151,219	136,060
4	Profit/(loss) attributable to ordinary equity holders of the parent	77,327	81,439	151,255	135,743
5	Basic earnings/(loss) per share (Subunit)	9.10	9.60	17.80	16.00
6	Proposed/Declared dividend per share (Subunit)	9.00	8.00	18.00	16.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	3.7100		3.7800

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EX-date	12/09/2014
Entitlement date	17/09/2014
Entitlement time	05:00:00 PM
Entitlement subject	Second interim dividend
Entitlement description	Second interim single-tier dividend of 9 sen per ordinary share of RM1.00 each in respect of the financial year ending 31 December 2014
Period of interest payment	to
Financial Year End	31/12/2014
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn Bhd Level 6, Symphony House, Block D13, Pusat Dagangan Dana 1, Jalan PJU 1A/46, 47630 Petaling Jaya, Selangor Darul Ehsan
Payment date	15/10/2014
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	17/09/2014
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit	17/09/2014
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.09

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新設施料擴大貢獻‧拉法基馬力保領導地位

2014-09-10 17:10      
（吉隆坡10日訊）拉法基馬（LAFMSIA,3794,主板工業產品組）設立新的建築發展實驗室（CDL）設施，從洋灰生產商轉變為洋灰增值方案供應商，預期新設施在未來3至4年營收貢獻，將從目前10%增至40%，有助該公司應對洋灰市場激烈競爭，保住其在本地洋灰業領導地位。

上述建築發展實驗室設施初步成本500萬令吉，為東盟區域第一、及全球第六座實驗室設施，主要是發展新產品及方法減少成本及解決本地建築業所面對一些主要問題。

丰隆研究指出，雖然洋灰市場需求有增無減，惟由於市場競爭激烈，尚沒有為拉法基馬帶更高盈利。該公司料以市場力量制定產品價格，以便保住其市場領導地位。

該公司管理層披露，該公司與其控股母公司-拉法基Holcim的潛在併購行動，料於2015年首半年完成，惟併購洽商是在全球層次進行，並且沒有涉及本地營運公司，所以目前還是與拉法基Holcim競爭。

拉法基馬在干旦及萬撓工廠的年產能擴展120萬公吨的計劃進展良好，預料將在2015年初完成，年產量從目前的1千295萬公吨，增加9.3%至1千415萬公吨。

洋灰供應不明朗限製成長

肯納格研究認為，整體洋灰業的產能擴張活動熱絡，使2015年財政年的整體產量增加約14.1%，使供應量逐漸增加，從而加劇本地洋灰價格的波動及增長受限。

肯納格指出，由於短期洋灰供應不明朗，限制拉法基馬內部增長的潛在升幅，預測2014年淨利為4億零300萬令吉、及2015年為4億4千500萬令吉。而其具吸引力的4.5%周息率，料可部份支持其股價表現。



（星洲日報／財經‧報道：李文龍）


拉法基馬 獲點評抗跌大資本股
財經股市10 Sep 2014 20:27
http://www.chinapress.com.my/node/559472


明年产能加大 拉法基马洋灰定价有压力
财经新闻 财经  2014-09-13 11:27
http://www.nanyang.com/node/648849?tid=462