PetChem set for gradual recovery


PETALING JAYA: Early last week, Malaysia’s leading integrated chemicals producer Petronas Chemicals Group Bhd (PetChem) released its results for the fourth quarter (4Q23) and full year 2023 (FY23).

While still a solid year, the final three months were disappointing if the group’s lofty standards were anything to go by, especially since it is the chemical arm of national oil and gas titan Petroliam Nasional Bhd (PETRONAS).

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