Summit Materials (NYSE:SUM – Get Free Report) and PT Indocement Tunggal Prakarsa Tbk (OTCMKTS:PITPF – Get Free Report) are both basic materials companies, but which is the superior business? We will compare the two businesses based on the strength of their analyst recommendations, institutional ownership, dividends, earnings, profitability, valuation and risk. Valuation & Earnings This […]
JPMorgan Chase & Co. cut shares of PT Indocement Tunggal Prakarsa Tbk (OTCMKTS:PITPF – Get Rating) from an overweight rating to an underweight rating in a research report sent to investors on Tuesday, The Fly reports. PT Indocement Tunggal Prakarsa Tbk Price Performance Shares of PT Indocement Tunggal Prakarsa Tbk stock opened at $0.70 on […]
PT Indocement Tunggal Prakarsa Tbk (OTCMKTS:PITPF – Get Rating) was downgraded by equities research analysts at JPMorgan Chase & Co. from an “overweight” rating to an “underweight” rating in a research report issued on Tuesday, The Fly reports. PT Indocement Tunggal Prakarsa Tbk Stock Performance OTCMKTS:PITPF opened at $0.70 on Tuesday. PT Indocement Tunggal Prakarsa […]
PT Indocement Tunggal Prakarsa records April sales volume of 1.3Mt 25 May 2021
PT Indocement Tunggal Prakarsa Tbk recorded a sales volume of 1.3Mt throughout April 2021. This realisation was 13 per cent higher than sales in the same period last year.
Director and Corporate Secretary of Indocement Tunggal Prakarsa, Antonius Marcos, said that this increase was mainly due to the fact that April last year was the first month of the COVID-19 pandemic in Indonesia.
In April 2021 are around 100,000t lower than sales in March 2021 which reached 1.4Mt. This decline in monthly sales was due the beginning of the month of Ramadan. The cement sales cycle prior to Ramadan always show a slight decline compared to the previous month.