High utilisation rate for PetChem

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.