to join the discussion
PPC's cement volumes remain pressured by subdued construction demand, but the +1.33% move appears technical rather than fundamental. At R608, the stock doesn't offer sufficient margin of safety given delayed infrastructure capex cycles, making the valuation case dependent on cycl
PPC at R600 is trading at a modest premium to book value, but the cement sector's exposure to construction demand cycles makes valuation less forgiving when infrastructure spending slows. Current dividend yield sits thin relative to the cyclical risk, so you're buying on the hope
Trimmed my PPC position at R600 today after the modest gain, taking some profits while the cement demand backdrop remains uncertain and my conviction level doesn't justify a larger weighting in the portfolio.
PPC down 0.50% to R602 today, but how does it actually stack up against other cement companies like Lafarge or the rest of the materials sector? Anyone know if this is just noise or should I be worried.
The market's indifference to PPC at R602 masks a critical deterioration in cement demand across the construction pipeline, evidenced by subdued order books and rising inventory turnover ratios that SENS disclosures have flagged for two consecutive quarters. Eish, the consensus is
PPC down a third of a percent today but I'm wondering if cement demand is actually picking up or if we're still in the doldrums with construction spending. Hard to know when to jump in on this one.
PPC up 0.50% to R607 today while cement rival Lafarge Africa's been under pressure. PPC's actually holding better than most in this sector lately.
PPC dipping 1.63% at 605 rand. Cement demand still patchy but their cost structure remains bloated - until they fix the operational drag, this recovery is capped.
Grabbed more PPC at R605 even though it's down 1.63% today — cement demand should pick up once these infrastructure projects actually start moving.