Affun Hwang Research has downgraded the counter from a
PETALING JAYA: The earnings of Petronas Chemicals Group Bhd
(PetChem) are expected to soften in the second quarter (2Q19) and this is likely to further weaken in the next quarter with a heavy plant turnaround, says Affin Hwang Capital Research.
It said this was due to the expectations of a softer demand and the average selling prices (ASPs) generally not showing any recovery.
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