Affun Hwang Research has downgraded the counter from a
PETALING JAYA: Petronas Chemicals Group Bhd
’s (PetChem) 1Q17 results, which is expected to be released end-April, will be a windfall underpinned by strong volume and higher average selling price (ASP), according to Maybank Investment Bank Research.
The research house estimated PetChem’s utilisation rate to exceed 90% given there was no unscheduled factory shutdown.
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