PETRONAS Chemicals' Sabah fertiliser divestment to have marginal impact on earnings

KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research expects the impact to Petronas Chemicals Group Bhd's production volume to be marginal following its divestment of a quarter stake in PETRONAS Chemicals Fertiliser Sabah.

HLIB, which is neutral on the sale announcement, said the group's F&M segment's production capacity will be reduced by 6.3% while its total group production will contract 3.2%.