Bursa Malaysia Stock Watch
PCHEM - Citi rates Petronas Chems a 'buy'
kltrader
Publish date: Wed, 05 Jan 2011, 07:55 PM
kltrader
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Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CITI GROUP
Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, was rated new "buy" at Citigroup with a share price estimate of 6.40 ringgit.
The stock is the "most competitive ethylene producer in Asia ex-Middle East, thanks to the attractively priced gas feedstock from its parent," Oscar Yee and Tushar Bagla, analysts at Citigroup, said in a report today. "We see potential earnings upside on the recent oil price strength."
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CITI GROUP
Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, was rated new "buy" at Citigroup with a share price estimate of 6.40 ringgit.
The stock is the "most competitive ethylene producer in Asia ex-Middle East, thanks to the attractively priced gas feedstock from its parent," Oscar Yee and Tushar Bagla, analysts at Citigroup, said in a report today. "We see potential earnings upside on the recent oil price strength."
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