【行业讨论】洋灰顶价要解除了

harimau

留意国内洋灰界四大天王的走势。

详情按这里...

[ 本帖最后由 Mr.Business 于 3-6-2008 04:00 PM 编辑 ]

爱新觉罗玄烨

业者之前也说过了
看来洋灰股可以有一番作为了

优柔寡断

已经解除了。。你好厉害的。。怎么会知道的？？

harimau

原帖由 优柔寡断 于 3-6-2008 10:29 AM 发表
已经解除了。。你好厉害的。。怎么会知道的？？

我手中有一些长期投资了 7 年的老股 (佳礼网友介绍的 YTLCMT)，从 warrant 握到 expired，再转换后继续握到现在。功课，还是要做的。

优柔寡断

那你知不知道油会起价？

nakkata

报章上读到说煤炭的价格左右了洋灰股的表现。请问虎哥对这件事有什么看法呢？愿意透露透露吗？谢谢

Mr.Business

新闻。

No ceiling price for cement from Thursday
Published: 2008/06/03

In a separate measure to help liberalise the industry, cement importers would only need to pay 10 per cent import duty, says Malaysia's Prime Minister

THE government will scrap the ceiling price for cement starting from Thursday as it seeks to boost the construction industry.

The import duty on cement will also be cut to 10 per cent, Prime Minister Datuk Seri Abdullah Ahmad Badawi said in a statement released yesterday.

Previously, the duty was set at 50 per cent.

"These cement liberalisation efforts are in line with the government's wishes to ensure that the nation's development is carried out smoothly, apart from ensuring a more efficient and transparent market for cement," Abdullah said.

Importers in Sabah and Sarawak will also be excluded from having to apply for import licences. Currently, importers in Peninsular Malaysia do not need licences as opposed to their counterparts in Sabah and Sarawak.

However, these measures are only applicable to ordinary portland cement and hydraulic cement.

"These are the most common types used by the construction industry," Ministry of International Trade and Industry senior director Datuk Kamaruddin Ismail explained to Business Times.

Similar to the steel industry, local builders complain that cement is being sold to them above the ceiling price. Producers argue that the extra charges include costs like transport.

Abdullah said the demand and use of bagged cement versus those sold in bulk have increased in the local market. At the same time, global cement prices are higher than the ceiling price.

"The problem has given a negative effect on the construction industry where it will hurt the implementation of national development projects," he added.

Datuk Krishnan Tan, chief of construction group IJM Corp Bhd, welcomed the move.

"Deregulation is a good thing. In the short term, there's likely to be an increase in cement price," he told Business Times.

Datuk Seri Leong Hoy Kum, group managing director of property developer Mah Sing Group Bhd, said the development ensures a fair and more competitive environment for cement producers and users.

"As a developer, this benefits us as our contractors will have a steady supply of cement and will be able to import this raw material from regional producers should domestic supply be insufficient to meet demand," he said in a statement.

http://www.btimes.com.my/Current ... /Article/index_html

harimau

原帖由 优柔寡断 于 3-6-2008 10:42 AM 发表
那你知不知道油会起价？

八月...

harimau

原帖由 nakkata 于 3-6-2008 10:44 AM 发表
报章上读到说煤炭的价格左右了洋灰股的表现。请问虎哥对这件事有什么看法呢？愿意透露透露吗？谢谢

煤炭是用来燃烧高温炉以生产洋灰的，是生产成本之一。

Mr.Business

首相又说明天？混乱。。。

弹煮

就是说，明天宣布津贴多少多少，然后八月才正式宣布油价多少多少？

幻影.

洋灰顶价要解除，钢铁顶价解除，石油津帖解除。通澎时代要来了。

skycs

不是已经来了吗？？？

ZheHui

原帖由 skycs 于 3-6-2008 06:56 PM 发表
不是已经来了吗？？？

已經來到什樣的程度了呢。

奥萨马宾拉丁

原帖由 ZheHui 于 3-6-2008 07:28 PM 发表

已經來到什樣的程度了呢。

负担不起的程度了。

ZheHui

原帖由 奥萨马宾拉丁 于 3-6-2008 07:54 PM 发表


负担不起的程度了。

哈哈，醬後面還有得你啖。

Mr.Business

更新: June 3, 2008 17:39

撤除頂價進口限制
洋灰股昂首挺高

報導：顏曉淇

（吉隆坡3日訊）洋灰頂價及進口限制撤除，洋灰股價在利好撐腰下，無懼今日大市疲軟，昂首挺高。

繼撤除鋼鐵頂價后，政府昨日再宣佈，全面開放國內洋灰領域，撤除頂價及進口限制。

市場分析，洋灰頂價撤除后，預計國內廠商將上調售價，以轉嫁高企的生產成本，尤其是過去12個月以來，熱煤成本翻倍。

不過，興業研究分析報告說，本地洋灰生產商不會即刻大幅調高售價。

“本地廠商售價將以目前國際水平價格、運輸費及進口稅總和作為定價依據，即每噸價格調漲幅度為55令吉。”

或掀削價戰

在進口限制放寬下，預料洋灰業者為捍衛市佔率，及激勵已放緩的建築和產業的市場需求，廠商調漲幅度料為每噸28令吉或13.4%，至237令吉。

興業研究預計，拉法基馬洋灰（LMCEMNT，3794，主板工業）和楊忠禮洋灰（YTLCMT，8738，主板工業）的2008至2010財年淨利，料將增加15%到23.2%。

該報告將拉法基馬洋灰合理價，從2.61令吉調至3.09令吉，維持“落后大市”（Underperform）投資評級。

同時，上調楊忠禮洋灰投資評級至“符合大市”（Market Perform），合理價從原來的4.27令吉，調整到5.20令吉。

另外，興業研究提醒投資者潛在風險，指第9大馬計劃工程的展延，將影響市場對洋灰的需求。

此外，進口洋灰的湧進市場，或將引發削價戰。

受頂價所限，國內洋灰每噸售價為219令吉，比較區域公開市場的224令吉或70美元，兩者相差3%。

該研究認為，受建築及產業發展放緩影響，洋灰領域前景看淡，遂維持洋灰領域“中立”投資評級。

相比之下，反看好緊貼國際市場的鋼鐵領域，指需求量遠超過供應。

  

股項	業務概述	短期催化劑	長期催化劑	6月3日閉市價 （令吉）	波動 （仙）	成交量 （股）
拉法基馬洋灰	國內洋灰生產商，灰渣產能為每年790萬噸。	料將受惠于產業發展蓬勃的新加坡。	-	4.54	+20	251萬9500
楊忠禮洋灰	國內洋灰生產商，灰渣產能為每年760萬噸。	料將受惠于產業發展蓬勃的新加坡。	將新併購的中國洋灰公司轉虧為盈。	4.80	+10	60萬6200
資料來源：興業研究、相關公司

http://www.chinapress.com.my/con ... ss&art=0604bs02.txt


Wednesday June 4, 2008
Upward revision for cement stocks
By LAALITHA HUNT

PETALING JAYA: Shares in cement makers Lafarge Malayan Cement Bhd and Gopeng Bhd rallied yesterday following the announcement that the Government is lifting the ceiling price on cement effective tomorrow.

Lafarge jumped 20 sen to RM4.54 while Gopeng rose 13.5 sen to RM1.01 to finish among the day's biggest gainers.

Analysts expect cement counters to be re-rated upwards on an anticipated increase in earnings following the liberalisation of cement price.

M&A Securities head of research Wee Kim Hong said the news bode well for cement manufacturers as profit margins would improve significantly.

“Companies which are operating below capacity would also have the incentive to increase production due to better selling prices, which would in turn improve their revenue,” Wee said.

However, he cautioned that these companies would still be affected by high production costs such as for coal.

OSK Investment Bank Bhd research head Kenny Yee was confident of an upward rating for cement players but added that “we cannot be sure if price liberalisation translates into major earnings improvements.''

Meanwhile, MIMB Investment Bank Bhd head of research Pong Teng Siew said although there would an upward re-rating of cement stocks, it might not be on a major scale as that for steel stocks following the liberalisation of steel price.

“Cement as a building material does not enjoy export demand like steel as many countries lack facilities such as silos at ports and terminals to store and transport cement,” Pong said.

He added that there would be a “slight increase'' in local construction costs due to the rise in cement price, but this was not as substantial as the cost of land price for property players.

An industry source said that based on feedback from cement manufacturers, cement price was expected to rise 10% to 20%, which would definitely affect property developers.

“For our future projects, we will transfer our higher building costs to customers, but this would depend on the level of demand in the property market,” he said, adding that it would be easier to transfer rising building costs to customers if a property was a high-end one or was in a good location.

“If there was a softening in demand, we may have to price our products competitively and absorb the rising costs,” he added.

Master Builders Association of Malaysia president Patrick Wong said lifting the ceiling price on cement would ease the shortage in cement supply but added that there was a need to clarify why import duty was fixed at 10%.

“Cement could only be imported regionally due to its short shelf life and under the Asean Free Trade Area, any goods imported within Asean is charged a flat import duty of 5%,'' he said.

Under the new structure, cement importers only have to pay a flat 10% import duty for ordinary Portland cement and hydraulic cement, which currently attract duty of 50% and 25% respectively.

Wong also questioned why only cement importers from Sabah and Sarawak were to be exempted from having to obtain import licences.

http://biz.thestar.com.my/news/s ... 448459&sec=business

[ 本帖最后由 Mr.Business 于 4-6-2008 09:45 AM 编辑 ]

Mr.Business

顶价制度虽废除·开放进口有竞争 国内洋灰价涨幅料不大 2008/06/03 17:51:27
●南洋商报 谢静雯

（吉隆坡3日讯）分析员指出，随着政府决定撤销本地洋灰顶价，预料国内洋灰价格将有所上涨，但在进口开放的竞争压力下，相信涨幅并不会太大。

首相拿督斯里阿都拉昨日宣布，为了解决国内洋灰短缺的问题，政府决定即日起撤销本地洋灰顶价、洋灰进口商只须缴付10％的进口税，以及东马进口洋灰不必获取准证。

拉昔胡申研究今日在报告中指出，理论上，本地洋灰价格将调整至目前的国际价格、再加上运输费及10％进口税的水平。

也就是说，洋灰生产商的价格上调幅度，仅能介于每公吨55令吉至264令吉。

而基于相同的理由，达证券也不约而同预测本地洋灰价格将上调10％，并相信此举将导致通胀压力进一步扩大。

联昌国际投资银行则指出，目前东协国际及非东协国家的洋灰进口税分别为5％及50％，而将所有进口税统一在10％的制度，将会改善非东协国家洋灰进口的竞争力。

“在东协国家中，就属泰国的洋灰出口价格最具竞争力，随后的则是大马。将此因素纳入考量，我们预见本地洋灰生产商将感受来自泰国的竞争压力，尤其是南部区域的建筑及产业工程。”

益资利艾文纽证券行也表示，由于之前的洋灰价格让生产商不愿供应更多的洋灰，相信基于目前的供求状况，洋灰价格之后将根据市场而有所调整。

“第九大马计划的执行时间仍是未知数，有可能引领更低的洋灰需求，我们下调2008财年的需求增长预测至3％，并维持拉法基马洋灰（LMCemnt，4529，主板工业产品股）及杨忠礼洋灰（YTLCmt，8737，主板工业产品股）‘买入’投资评级。”

另一方面，由于负面因素的存在，亚欧美投资银行决定维持洋灰领域“中和”投资评级。

“本地洋灰业者有可能将洋灰价格调整至与进口成本一致的水平上，为应付区域内的竞争，本地洋灰价格是有可能上调的。而小型洋灰生产商的赚幅也将受到侵蚀。”

洋灰股受追捧

同时，在洋灰新措施的激励下，国内多只洋灰股今日股价也受到追捧，成为上升榜中的焦点股项。

闭市时，拉法基洋灰上扬0.20令吉，报4.54令吉；杨忠礼洋灰上扬0.16令吉，报4.80令吉。洋灰工业（CIMA，2844，主板工业产品股）以5.80令吉平盘收市，及务边（Gopeng，2135，主板工业产品股）报升0.135令吉至1.01令吉。

http://www.nanyang.com/index.php?ch=7&pg=12&ac=849477

弹煮

哈哈哈，我姐姐有lmcemnt，不过是5块多本钱

Mr.Business

叶玉强：规定缴10％进口税 无法解决洋灰短缺 2008/06/04 11:36:27
●南洋商报 张其旭

（八打灵再也3日讯）大马建筑商公会总秘书叶玉强说，政府只规定进口商缴付10％进口税，并无法真正解决洋灰供应短缺问题。

他建议当局也增加洋灰的出口税，以避免洋灰大量出口到海外。

他说，政府若规定洋灰进口商只需缴付10％入口税，也应一并规定洋灰出口商，缴付10％至20％的出口税。

他解释，他今日接受《南洋商报》询问时说，据他了解，我国不乏洋灰出口商，据知，出口商把洋灰出口至中东国家。

“因为中东国家蓬勃发展，也有许多发展计划，因此，中东国家对洋灰的需求量非常高。”

与东协自贸协定相悖

政府昨日宣布3 项解决洋灰供应短缺的措施，除了废除本地洋灰顶价制度，也规定洋灰进口商必须缴纳10％进口税，以及沙巴和砂拉越州的洋灰进口商豁免取得入口执照。

尽管如此，叶玉强说，根据东协自贸协定，东协成员国若从成员国进口洋灰，只需缴付0 至5 ％的进口税，然而，政府此时宣布洋灰进口商须缴付10％入口税，与东协自贸协定背道而驰。

据他了解，东协自贸协定是希望能在2010年，达到0 ％洋灰进口税。

“政府如何配合东协自贸协定，在2010年时，把目前的10％洋灰进口税，降至0 ％目标？”

他也非议政府规定10％洋灰进口税的政策。

“洋灰及钢铁都是建材原料，为何只有洋灰必须缴付进口税，钢铁及钢条则没有这方面的规定？”

http://www.nanyang.com/index.php?ch=7&pg=10&ac=849650