On the uptrend

It had in early March upgraded companies within the sector, namely Petronas Chemicals Group Bhd (PCG) and Lotte Chemical Titan Holding Bhd (LCT) from “reduce”to an “add” on expectations of improved margins from better average selling prices of products.

PETALING JAYA: With the continuous price rise of polymer, which is produced by petrochemical companies for usage in a broad range of industries, CGS-CIMB Research has upgraded the sector to an “overweight” from “underweight” previously.

It had in early March upgraded companies within the sector, namely Petronas Chemicals Group Bhd (PCG) and Lotte Chemical Titan Holding Bhd (LCT) from “reduce”to an “add” on expectations of improved margins from better average selling prices of products.