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KUALA LUMPUR: Petronas Chemicals Group Bhd has awarded two contracts worth US$882mil (RM3.72bil) to build polyethylene and glycol processing plants, to the Samsung group.
KUALA LUMPUR: Market sentiment perked up in late Tuesday trade as investors expected several Opec members and Russia to agree on an oil output freeze.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) reported a net profit of RM704mil for its fourth quarter ended Dec 31, 2015, a 40% increase from RM500mil a year ago.
KUALA LUMPUR: Late fund buying of Maybank, CIMB and Petronas Chemicals enabled the FBM KLCI to close markedly higher on Thursday amid a strong broader market while the ringgit strengthened against some major currencies.
MAYBANK Investment Bank (Maybank IB) estimates that Petronas Chemicals Bhd’s (PetChem) average selling price (ASP) has risen by 5.2% year-to-date, which is ahead than the research house’s base forecast for a 3% decline in 2016.