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Jan 16, 2017 09:54:22

Cement, higher 4Q16 sales QoQ, as expected

Domestic cement sales increased to 17.3m tonnes in 4Q16 (+13.7% QoQ), inline with our expectation. On our calculation, Semen Indonesia’s domestic market shares fell to 40.7% in 4Q16 (from 42.4% in 3Q16), similarly Indocement also saw some compression on its market share, slightly declined to 25.5% (from 25.8%) in the same period.

$SMGR $SMCB $SMBR $INTP

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