Daily Brief Energy/Materials: West China Cement, Tidewater , Dyna Mac Holdings, Afentra and more

• West China Cement (2233 HK) is a cement company based in Western China.  Sales volume in Africa in 2023 was 2.6 million tons, up 117% from 1.2 million tons in 2022. 
• The company has 2 million tons of cement capacity in Mozambique, 1.5 million tons in Congo, and 1.3 million tons in Ethiopia. 
• The company is trading at 4x 2024E PE.  I believe the risk reward is quite high here. 

• Tidewater Midstream & Infrastructure is a Canadian refining and midstream business with the Prince George Refinery as its primary asset
• Recent events, including the sale of gas processing plants and reaching capacity at the HDRD facility, have led to positive cash flow for the company for the first time
• TWM is focused on using its newfound cash flow for share repurchases and new investments in neglected assets, with projected upside potential of ~3x

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

• kopi-C with Dyna-Mac’s CEO: ‘We went from near-bankruptcy to having a record order book’ Offshore oil and gas contractor Dyna-Mac’s CEO AC Lim shares how he overhauled the company’s business practices to bring it back from the brink and achieve remarkable growth.
• When Lim Ah Cheng, also known as AC Lim, became offshore oil and gas contractor Dyna-Mac’s chief executive officer in 2020, the firm was in crisis.

• Afentra focuses on acquiring marginal or late-life oil fields from oil majors and NOCs to pursue renewable energy or scale
• The company specifically targets Africa to establish a low-cost basis in acquired assets and deliver value through industrial expertise
• Leveraging in-house management expertise and track record in the energy sector, Afentra plans to enhance acquired subsurface acreage through field development techniques and enhancements

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.