HT1 - OUTPERFORM - Binh Phuoc shutdown hurts 2Q; production normalizing as cement demand still strong - Update
  • 19 Sep 2014
  • Company Research
There was a three month shutdown of clinker production at Binh Phuoc in 2Q that resulted in loss clinker sales and higher cement production costs prompting a 12% cut to our gross profit assumption. Because of the outsized financial costs that HT1 currentl