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Thursday, March 15, 2012
PCHEM - No sign of strong recovery
Petronas Chemicals; Fully Valued; RM6.78 Price Target: RM5.90; PCHEM MK Weak economic recovery may undermine demand. Raised FY12/13 earnings by 7%/18% on higher utilisation and selling prices. Maintain Fully Valued with revised RM5.90 TP.
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