Indocement Realistic Sales Target by 4%
Successful registered an increase in sales volume as much as 5.7% in 2018 become 19.17 million tons, Indocement Tunggal Prakarsa, Tbk (INTP IJ), set a realistic target for sale in 2019. This year the cement manufacturers that target the cement sales volumes by 4% from a year ago, or about 19.93 million tons. INTP sales target growth 4%, is in line with the target sales volume of cement that is pegged to grow 4% to as low as 72 million tons, with an oversupply of 43 million tons of cement.
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“Our expectations (volume) to rise 4%, more or less according the industry, it’s easy to hope can, “said President Director of INTP, Christian Kartawijaya on Friday (22/3). Christian judge, consumption capacity or demand for cement in 2019 ranged from 115 million tons, in which infrastructure projects and property also began to passionately. Moreover, the property sector both residential as well as commercial will begin to feel the domino effect of infrastructure development.
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“First half, perhaps maybe only 1%, later after the election we would expect will be more stretched and could achieve growth of 4%, “he added. In fact, he claimed the project as well as the tender began arriving in 2019. For this month only, he claimed to have already pocketed five contracts, one of which was the construction of the Patimban port.
In these project, INTP will contribute to channel 150,000 tons-200,000 tons of srek cement types. Moreover, to produce srek cement, INTP only takes a little coal, so the project was expected to also support the performance of issuers in 2019. The origin of the idea, in the year 2018 INTP registered an increase in domestic cement sales volume amounted to 5.7% to 18.1 million tonnes. The conditions followed a rise of national market share of INTP from the previous 25.3% to 25.5% in 2018.
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Issuers also notes an increased clinker domestic sales as much as 47.6% to 960,000 tons in 2018. Unfortunately, the export activity is precisely the slump as much as 17.9% in 2018 be 135,000 tons. In doing so, INTP registered a decrease in operating income back in 2018 as much 42.7% from IDR1.87Trn to IDR1.07Trn. Christian reveals, the decline due to the rise in the coal, fuel and paper bag price.
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“On the other hand, there is also weakening of the rupiah exchange rate in 2018, has pressed the advantage in last year’s, “he added. To that end, through an effort raise the price of cement sales in the past year, INTP still managed to obtain profit. In fact, the starting selling price was raised on 2H18 and then, still considered stable until today. “With a strong financial balance sheet and we have no bank debt, we are optimistic there will be an increase in domestic cement demand in 2H19, “he added.
