“Both Petronas Chemicals and Lotte Chemicals are trading at close to their historical floor levels and offer good value," Maybank Investment Bank Research said.
KUALA LUMPUR: Maybank Investment Bank Research has upgraded the Malaysian petrochemical sector from neutral to positive on cheap valuations with buy calls on Petronas Chemicals and Lotte Chemicals Titan.
The research house said on Monday prices of major basic petrochemicals are coming off their low since May/June and staging a modest recovery.
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