Yanbu Cement Co (3060)

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News

18 October 2016 04:50 PM Yanbu Cement profits down 36% in Q3

Riyadh - Mubasher: Yanbu Cement Company recorded a 35.86% year-on-year decline in profits in the third quarter of 2016 to SAR 93 million ($24.8 million) from SAR 145 million ($38.67 million) in Q3-15, according to a bourse filing. Profits also …

Financial Results

16 August 2016 02:39 PM Saudi cement sales marginally up in July

By: Mohamed Idris Riyadh – Mubasher: Saudi cement companies recorded a minor increase of 0.26% in July's sales to reach 3.13 million tonnes compared to 3.12 million tonnes in July 2015. The companies' sales were surprising in terms of delivery …

Sector Reports

15 August 2016 10:24 AM July cement sales lower than estimates – Al Rajhi Capital

Riyadh – Mubasher: Saudi cement companies are expected to reduce their dividends distributions soon owing to the current market's situation, Al Rajhi Capital said. Sales of cement firms were down in July and came lower than the estimates of a …

Companies Investments

26 July 2016 01:04 PM Al Rajhi Capital continues Overweight rating on Yanbu Cement, PT SAR50/shr

Riyadh- Mubasher: Al Rajhi Capital Research said that Yanbu Cement will remain one of its top pick in the Cement sector because of its strategic location in the Western region. The research house said it will also continue with its Overweight …

Stock Evaluations

26 July 2016 00:39 PM ‎ NCB Capital remains Overweight on Yanbu Cement, sets PT at SAR57/shr

Riyadh- Mubasher: NCB Capital (NCBC) stated in a recent research note that it will remain Overweight on Yanbu Cement with a PT of SR57.0 per share. The research house said its valuation is driven from high demand areas and high dividend yields of …

Stock Evaluations

25 July 2016 05:08 PM Yanbu Cement profits down 35% in Q2

Mubasher - Riyadh: Yanbu Cement Company posted a 35.37% decline in profits in the second quarter of 2016 to SAR 159 million ($42.4 million) from SAR 246 million ($65.6 million) in the same period last year. The year-on-year decline is a result of …

Financial Results

23 June 2016 09:11 AM Yanbu Cement’s board proposes 10% cash dividends for H1

Riyadh-Mubasher: Yanbu Cement Co’s board of directors has recommended 10% cash dividends distribution of the capital or SAR 1 per share for the first half of 2016, with a total value of SAR 157.5 million. Shareholders of records registered on 1 …

Event

11 April 2016 11:24 AM Alistithmar Capital recommends ‘Neutral’ on Yanbu Cement

Riyadh – Mubasher: Saudi Alistithmar Capital said Monday that profits reached by Yanbu Cement in the first quarter of fiscal 2016 significantly matches its expectations. Alistithmar recommended ‘Neutral’ on the company’s stock, setting the target …

Stock Evaluations

10 April 2016 01:58 PM NCB Capital maintains “overweight” on Yanbu Cement

Riyadh-Mubasher: NCB Capital remained “Overweight” on Yanbu Cement with a price target of SAR 56.6, according to a recent statement. NCB Capital’s evaluation is attributed to the company’s attractive valuations and high dividend yields of 6.7% for …

Trading Activities

7 April 2016 04:52 PM Albilad Capital rates ‘Overweight’ for Yanbu Cement

Riyadh – Mubasher: Albilad Capital said in a report issued Thursday it placed an “Overweight” rating for Yanbu Cement, lowering the stock fair value to SAR 58.20 from SAR 63.10, to reflect expected decline in the company’s sales this year. YCC …

Trading Activities

6 April 2016 04:12 PM Yanbu Cement Q1 profit down 11% on lower sales

Riyadh – Mubasher: Yanbu Cement Company posted a 11.11% decline in net profit for the first quarter of 2016, according to a bourse filing sent Wednesday. The cement producer generated SAR 184 million earnings in the three-month period, down from …

Financial Results

4 April 2016 09:31 AM Yanbu Cement endorses SAR3.5/shr dividends

Riyadh – Mubasher: The extraordinary general meeting of Yanbu Cement approved yesterday paying out cash dividends at 35% of capital, or SAR3.5 per share, for the second half of 2015. Shareholders of record till the end of trading on the ordinary …

Cash Dividends

18 February 2016 02:16 PM Yanbu Cement records historical sales in 2015 despite challenges

Riyadh-Mubasher: Yanbu Cement Co. (YCC) said its 2015 sales have reached their highest level since inception despite the major challenges facing the local cement sector, according to the board’s report for 2015. The cement producer added that it …

Companies Investments

14 February 2016 09:31 PM Yanbu Cement OGM to endorse SAR3.5/shr dividends 3 April

Riyadh - Mubasher: Yanbu Cement’s (YCC) board of directors called upon shareholders to hold an ordinary general meeting on 3 April to approve the proposed dividends for the second half of 2015 at SAR 3.5 per share or 35% of capital. According to a …

Cash Dividends

4 February 2016 11:29 AM Yanbu Cement unlikely to maintain cash dividends - Alistithmar Capital

Riyadh-Mubasher: Yanbu Cement is expected not to maintain the current cash dividend level, Alistithmar Capital said in a recent report The company announced cash dividends for 2015 at SAR 5 a share, or 97% of net earnings. The research firm said …

Stock Evaluations

28 January 2016 03:54 PM Yanbu Cement board proposes SAR3.5/shr dividends

Riyadh – Mubasher: The board of Yanbu Cement Company recommended distributing SAR551.2 million as cash dividends for H2-15 at SAR3.5 per share or 35% of the stock’s par value. Shareholders of record till the close of trading on the date of the …

Corporate Actions

12 January 2016 03:12 PM Yanbu Cement's Q4 profits match forecasts – Al Rajhi Capital

 Riyadh-Mubasher: Yanbu Cement Co. posted SAR 209 million in net earnings for the fourth quarter of 2015, which were in line with estimate of SAR 205 million, Al Rajhi Capital said in a report. The company’s gross profits improved 6.7% y-o-y to …

Stock Evaluations

11 January 2016 03:45 PM MubasherTrade reiterates 'Buy/Moderate Risk' rating for Yanbu Cement

Riyadh-Mubasher: MubasherTrade maintained its 'Buy/Moderate Risk' rating for Yanbu Cement, setting the price target at SAR 51.6, with an expected total return of 41%. The research firm attributed its rating to the growing construction activity, …

Stock Evaluations

10 January 2016 04:00 PM Yanbu Cement Q4 profit rises 8% on stronger sales

Riyadh – Mubasher: Yanbu Cement Company posted 8% growth in net profit to SAR 209 million for the fourth quarter of 2015, up from SAR  193 million in the prior-year period. Meanwhile, the full-year net profit rose 0.50% to SAR 806 million, from …

Financial Results

30 December 2015 02:07 PM MubasherTrade Research revises Saudi firms’ recommendations after energy reforms

TASI performance suggests energy price hikes are “mostly priced in” Mubasher: In its “Mena Strategy & Economics” report, MubasherTrade Research (MTR) said that Saudi Arabia’s new budget projection highlights three pillars of reforms: raising the …

Sector Reports

14 December 2015 11:52 AM Saudi cement firms well positioned to fill any supply gap - MubasherTrade

Riyadh-Mubasher: Saudi cement companies are well positioned to fill any supply gap. As oil prices continue to fall, a decision might be made to scale down the Saudi government’s expansionary spending programs, according to the report, …

Ratings

17 November 2015 11:49 AM Saudi cement sales jump 26% y-o-y in October

Riyadh-Mubasher: Total cement sales in Saudi Arabia increased 26% year-on-year and 18% month-on-month to 5.1 million tonnes in October, Al-Rajhi Capital stated citing the latest data released by Yamama Cement. The big jump in sales volume could be …

Stock Evaluations

14 October 2015 10:59 AM Alistithamr Capital recommends 'Accumulate' on Yanbu Cement

Riyadh-Mubasher: Alistithamr Capital recommended 'Accumulate' on Yanbu Cement Co. (YCC), setting the price target at SAR 61. The research firm said YCC's Q3-15 net earnings of SAR 145 million were below its estimate of SAR 175 million. The cement …

Stock Evaluations

10 October 2015 02:30 AM Yanbu Cement posts disappointing Q3 figures - Al-Rajhi Capital

Riyadh-Mubasher: Yanbu Cement Co. (YCC) reported disappointing set of numbers for the third quarter of 2015, Al-Rajhi Capital said in a report. The company’s net profit came at SAR 145 million (down 11% year-on-year), missing Al-Rajhi and …

Stock Evaluations

9 October 2015 11:49 PM AlJazira Capital sets Yanbu Cement PT at SAR 72.5

Riyadh-Mubasher: AlJazira Capital assigned Yanbu Cement an 'Overweight' rating, setting the 12-month price target at SAR 72.50. The research firm said Yanbu Cement's Q3-15 net profits were 18.7% below its expectation. The cement producer posted …

Stock Evaluations