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KUALA LUMPUR: CIMB Equities Research said Petronas Chemicals’ second quarter (2Q14) core net profit was 4% and 3% below its and consensus forecasts, respectively but it expects PetChem’s earnings to improve from the second half.
KUALA LUMPUR: Bursa Malaysia ended August on a whimper with the 30-stock FBM KLCI shedding nearly 10 points to below 1,870 on selling of Petronas-linked stocks, Genting Malaysia and SapuraKencana Petroleum.
PETALING JAYA: The weaker ringgit would help to sustain Petronas Chemical Group Bhd’s (PetChem) profitability, amid lower demand and price for fuel additives and fertiliser products.