Lotte Chemical shares jump 8.9%

President and Head of Lotte Chemical BU Huh Soo Young point to the Bursa board at a listing ceremony of the company at Bursa Malaysia on July 11,2017. Looking on are President and CEO of Lotte Chemical Titan Holding Berhad Dr Lee Dong Woo and Chairman Lotte Chemical Titan Holdings Berhad Tan Sri Abdul Rahman Mamat.

PETALING JAYA: Shares of Lotte Chemical Titan Holding Bhd jumped 42 sen or 8.9% after JPMorgan Chase & Co, HSBC and Maybank Investment Bank Research (Maybank IB) initiated coverage on the stock with “overweight” and “buy” calls.

The stock rose to a high of RM5.25 before closing at RM5.12 yesterday.