Bursa Malaysia Stock Watch

This site 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.

Wednesday, August 29, 2012

Petronas Chemicals Group: Maintain Buy - 2Q12: Slightly Below Expectations

MFRS restatements-related. PCHEM's restated 1H12 PATAMI of MYR1,874m (+5.5% YoY) was 6% below our MYR2,002m expectation.
1H12 performance was still satisfactory thanks to good operational reliability, smooth handling of scheduled maintenance, stable feedstock supply and strong demand.
However, product prices are trending lower and we need to review our forecasts to reflect the current market conditions. Our target price and rating too are under review pending the analyst briefing later today.

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Source: Maybank Research - 29 August 2012

Bursa Malaysia Stock Watch

Wednesday, August 29, 2012

Petronas Chemicals Group: Maintain Buy - 2Q12: Slightly Below Expectations

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