KUALA LUMPUR: Petronas Chemicals Bhd's share price has rallied in tandem with the recovery in global oil prices although the former's advance has far exceeded fundamentals, says Affin Hwang Capital Research.
The research house kept its "sell" rating and RM4.61 target price on the stock as it sees limited upside in further average selling price recovery on the back of likely weaker Brent oil prices in 2H20.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
