Bursa Malaysia Stock Watch

Petronas Chemicals Group : Maintain Buy - 2012 will be interesting

kltrader
Publish date: Wed, 29 Feb 2012, 09:47 AM
kltrader
0 20,407
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
Follow up from the conference call. 1Q12 will be a strong quarter thanks to product prices being 15-20% higher QoQ, and higher volumes as there are fewer scheduled maintenance shutdowns in the period. The petrochemical industry should perform very well in 2012, and PCHEM is well positioned to leverage on its efficient and low-cost operations. Maintain Buy, with an unchanged TP of RM7.50/share based on 12x 2013 PER, which is the industry historical mean PER.

Maybank Research 29 Feb 2012

Click here for full report
Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment