CEO Morning Brief
Macquarie Reinstates Coverage of Petronas Chemicals With 'outperform' Rating
edgeinvest
Publish date: Tue, 16 Aug 2022, 08:45 AM
(Aug 15): Macquarie has reinstated coverage of Petronas Chemicals Group Bhd, with a recommendation of "outperform".
Its target price for Petronas Chemicals shares is set at RM11.10, which implies a 26% increase from the stock's last price, according to Macquarie.
Macquarie said upcoming catalysts for Petronas Chemicals include the latter's earnings announcement next Monday (Aug 22).
Source: TheEdge - 16 Aug 2022
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