HT1 - 9M 2016 volumes above industry average but below our forecast - Earnings Flash
  • 2016-10-21T17:02:25
  • Company Research
In 9M 2016, HT1 recorded impressive NPAT with strong sales volume growth undermined by FX losses. HT1’s cement sales volume in 9M 2016 was much higher than the industry’s growth rate, but still lower than our FY expectation at 25%. We therefore will consider revising down our assumption for HT1’s FY cement sales volume growth in the upcoming update report.