Tuesday, February 28, 2012

PCHEM - Hit by weaker prices and demand

Petronas Chemicals; Fully Valued; RM6.90
Price Target: RM5.50; PCHEM MK

3Q11 earnings within our expectation, but significantly below consensus’. Declared 8 sen single tier dividend. Maintain Fully Valued and RM5.50 TP.

Source: HwangDBS Research 28 Feb 2012
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