Thai Baht Affects Siam Cement's Profit

2004-11-25 00:00:00

Siam Cement, Thailand's largest cement company, will make plans for 2005 in response to the falling dollar and the possible devaluation of the Chinese yuan. The strength of the Thai currency, the baht, affects the company's export trade, which accounts for 30% of the company's total revenue, although the impact is small on the bottom line. The exchange rate of the Thai baht to the dollar will reduce the company's revenue by 400 million to 500 million baht, which is not much compared with the company's net profit of 24 billion baht in the first nine months of this year.

Siam & nbsp; Cement & nbsp; PCL & nbsp;, & nbsp; Thailand's largest industrial conglomerate, said its management will meet next week to revise the group's business strategies for next year in light of a weakening dollar and a possible revaluation of the Chinese yuan, the Bangkok Post reports.

The baht's strength is expected to hurt the group's export business, which accounts for 30% of its total revenues, though the impact on its bottom line would be minimal, the report says citing the company's execut vice president Kan Trakulhoon.

He said every THB1 gain against the dollar will reduce the company's revenue by THB400 million-THB500 million - a small amount relative to its THB24 billion net profit for the first nine months of This & nbsp; year. & nbsp;

(China Cement Net & nbsp; & nbsp; Please indicate the source for reprinting)

All can be viewed after purchase

Correlation

Thailand Expects to Export Cement to Philippines

Thailand looks forward to exporting cement to the Philippines, where the government has decided not to impose a tax on imported cement.

2023-01-05 14:09:04

Thailand's cement demand is estimated to fall by 10% this year.

2009-02-26 00:00:00

Demand for cement in Thailand fell by 10% in 2009

2009-02-26 00:00:00

Thai Cement Producers Push for Foreign Markets

2008-07-09 00:00:00

08 Thailand Siam Cement Sales Expected to Increase by 10%

2008-01-25 00:00:00

Thailand's Cement Industry: Suffered Various Attacks in 2007, Hoping for a Recovery in the Market in 2008

2007-11-28 00:00:00

Thailand's domestic cement demand is estimated to fall by 5% this year.

2007-05-27 00:00:00

Thailand: Siam Cement Net Profit Drops 14 Percent in First Quarter

2007-04-26 00:00:00

Thailand: Thai baht appreciation may affect cement exports

2006-12-07 00:00:00

Thailand: Cement Industry Development Will Depend on National Large-scale Projects Next Year

2005-12-28 00:00:00

Thailand's Siam Cement is affected by oil prices and its outlook is not good.

2005-10-25 00:00:00

Cement demand growth in Thailand in 2005

2005-01-20 00:00:00

Thai Baht Affects Siam Cement's Profit

2004-11-25 00:00:00

Thailand's economy and cement industry

In 2003, Thailand's economic growth rate was 6.7%, the highest since the financial turmoil in 1997. The high growth rate was attributed to low domestic interest rates, more advantageous prices for agricultural products, growth in investment and exports, and many government incentives. These favourable factors contributed to the development of the construction sector, which registered a growth rate of 3.4% compared to 2002. In December 2003, 59.9% of the capacity for the use of construction materials was recorded, also as a result of developments in the construction industry.

2004-06-05 00:00:00

Thailand's Largest Cement Group: Actively Seeking Regional Expansion

2004-04-01 00:00:00

CEMPI

98.29

-0.47 -0.48%

CONCPI

86.68

+0.08 +0.09%

CLKPI

101.41

-0.15 -0.15%

SPPI

41.63

+0.47 +1.14%

MORPI

71.83

0.00 0.00%

Beijing-Tianjin-Hebei Cement Price Index Fell 5.88 Points, Cement Prices in Many Places in Hebei Dropped 20-30 yuan/Ton

According to the big data of China Cement Network, on October 8, the Beijing-Tianjin-Hebei Cement Price Index fell 5.88 points from the previous trading day (September 30), closing at 347.10 points, or 1.67%, which was the largest change in the regional price index on that day; The North China Price Index fell 3.45 points, or 1.02%, on the same day, while the National Price Index fell 0.54 points, or 0.18%, while the East China, Central South, Southwest, Northwest, Northeast, Yangtze River and Pearl River-Xijiang Price Index were flat.