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Infrastructural projects such as MRT3 are resuming the works; all these construction schemes require tons and tons of cement. MCEMENT is the biggest cement supplier and the only listed cement company. It's hence very natural for MCEMENT share price to gradually move up
Malayan Cement Bhd plans to raise RM226.95 million via a private placement, based on an indicative price of RM2.67 per share, to be used for working capital and debt repayment.
YTL bought MCEMENT 2 years ago @ RM3.75 per share when the cement industry was at its worst. At this point of time, cement is at the threshold of a revival with cement price moving up steadily. It's unlikely YTL will place out shares at less than RM3; they have next 6 months to fix the right price!
