
2022-03-24 09:29:02
SAC Capital lowers International Cement Group's TP to 6.2 cents as lower bottom line expected for FY2022
The group is also likely to face affected margins, with an estimated 1.2 percentage point erosion on its gross margin due to the higher oil prices, which is driving up cost of sales.Furthermore, the group is expecting to face increased competition in Tajikistan, with another cement producer adding a...