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Written by Ben
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Monday, 08 December 2008 |
"YTL Cement Berhad achieved a 30.9% increase in net profit to RM157.9
million (US$48.6 mil) for the 9 months ended 31 March 2008, compared to
RM120.6 million (US$37.1 mil) for the previous corresponding 9 months
ended 31 March 2007.
Revenue
grew 21.4% to RM1,012.4 million (US$311.5 mil) this year, compared to
RM833.8 million (US$256.6 mil) last year. The growth in revenue and
profit arose mainly from higher demand for cement in the construction
industry, improved operational efficiencies and better selling prices
during the period."
One way to gain exposure to the Chinese
market is to buy shares in YTL Cement. The company has announced an
interim dividend of 5 sen of which 3 sen are tax free. For entitlement
of the dividend you must buy before 31.12.08. If you trust my
judgement, adopt a buy-and-hold strategy for this counter. The more you
buy, the more you will pick up in the years ahead. YTL Cement closed at RM2.30 last Friday.
One thing to remember is that in the stock market, there is no such thing as a certainty. You always buy at your own risk.
Cheers! and good luck.
From http://blisswise.blogspot.com
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