Gopeng and YTL-Cement

When you read gopeng financial report you might wonder how come revenue 4 million+ but Profit is 11 million. Most of their profit from this associate company -- Perak-Hanjoong Simen Sdn Bhd

Perak-Hanjoong is the second largest integrated cement producer in the country with a 16% share of the domestic cement and clinker markets. Operating two plants located in Padang Rengas, Perak, Perak-Hanjoong has a plant capacity of 3.0 million metric tonnes (MT) per annum for clinker and 3.4 million MT per annum for cement, both of which are manufactured for local and export markets. The company also has a cement depot and packing plant in Batu Caves, with an annual capacity of 600,000 MT. Perak-Hanjoong’s products are marketed under the trade name “Camel”.

Gopeng own 35.16% of Perak-Hanjoong Simen Sdn Bhd
64.84% own by YTL-cement, are they both doing good ? Oh yeah...

Ytlcmt closing price today 4.12 meaning indirectly you're using 0.6x buying portion of Ytlcmt, now you get the picture ??!!