Gradual recovery forecast for PetChem

Kenanga Research has cut its projected FY25 and FY26 earnings on lower polyolefin price assumptions.

PETALING JAYA: Petronas Chemicals Group Bhd’s (PetChem) valuations appear lofty at the moment and could be vulnerable to any weakness moving forward.

Maybank Investment Bank Research (Maybank IB) expects a profit contraction in the financial year 2025 (FY25) due to the consolidation of Pengerang Petrochemical Co’s (PPC) losses into PetChem’s financials.