Speculations on Holcim Indonesia

Third largest cement producer Holcim Indonesia (SMCB) booked net loss of Rp539.3 billion in the first half ended June 30, 2018, expanded by 23.7% from the corresponding period last year. That means Holcim posted net loss of Rp207 billion in the second quarter, dropped significantly from Rp332.4 billion in the first quarter.

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More Promising Cement Data in July, but…

Domestic cement sales volume reached 6.34 million tons last month, an increase of 12.6% year-on-year. PT Semen Indonesia Tbk (SMGR), the market leader, also reported 11.4% growth year-on-year in the month. President Joko ‘Jokowi’ Widodo’s decision to expand 2019 Budget for Infrastructure, including public housing, might prevent deeper correction of margins.

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