Bursa Malaysia Stock Watch
Petronas Chemicals Group (Buy): The easing has started, but...
kltrader
Publish date: Thu, 08 Dec 2011, 03:10 PM
kltrader
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Easing prices, maintain forecast. PCHEM's product margin in Nov 2011 was USD1,086/ton (+16.9% YoY, -7.4% MoM), we estimate. The year-to-date product margin of USD1,160/ton is still 36.8% higher YoY. Product prices are easing in line with slower global demand and destocking exercise. Nonetheless, we believe this should stabilize soon as supply has waned from lower operating rates and factory shutdowns. Maintain BUY with an unchanged target price of RM7.50/share based on 13.5x 2012 PER.
Maybank research (8 December 2011)
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Maybank research (8 December 2011)
Click here for full report
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Discussions
Be the first to like this. Showing 6 of 6 comments
Pchem is a hot stock. Analysts who do not like hot stocks are deemed incompetent and might lose their job. Its that simple.
2011-12-08 19:20
Haha...for pchem is good stock to invest for long term...but world economy expecially europe effect the stock price....when many investors are selling, stock will going down....wait until all solve...then u buy....they are not crazy....but think europe will solve soon...but for me crash coming soon....
2011-12-09 01:23
PetChem is loosing her bull strength and coming down for the next few days.
2011-12-10 00:04
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stephenlee
Maybank Researchers are crazy over Financial Analysis of PetChem and maintain the price target of RM7.50 dispite the world is going into slow growth and a number of Euro countries facing financial difficulties and China's slow growth and slow factories productions.
2011-12-08 18:31