PetChem likely to see robust earnings

PETALING JAYA: Despite posting lower net profit in the first quarter of the year, Petronas Chemicals Group Bhd (PetChem) is likely to see robust earnings through 2018, driven by its olefins and derivatives segment.

RHB Research, which expected PetChem’s earnings to stay robust, said the company’s olefins and derivatives division is poised to benefit from stronger product prices, while its fertilisers and methanol segment should remain stable.