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PetChem looking to ‘fertilise’ growth in new markets
KUALA LUMPUR: The petrochemical industry should see moderate growth in 2013, much dependent on how quickly China, India and the Asia-Pacific economies recover from the global crisis.
KLCI jumps in early trade, Axiata lifts
Blue chips advanced in early trade on Tuesday, underpinned by gains in Axiata and UMW, as investors' sentiment perked up following the firmer overnight close on Wall Street.
Malaysia's KLCI slips, IHH, PetChem weigh
Malaysia's blue chips fell in the morning session on Monday, dragged down by selling of IHH Healthcare and Petronas Chemicals, while key Asian markets put up a mixed performance.
Petronas Chemicals falls to lowest since October 2011
Shares of Petronas Chemicals Bhd fell to RM5.68, the lowest since October 2011 after its disappointing third quarter results.
PetChem earnings drop on low prices, volumes
PETALING JAYA: Petronas Chemicals Group Bhd's (PetChem) third-quarter net profit for the period ended 30 Sept declined 38.3% to RM742mil, with revenue dropping to RM3.94bil from RM4.64bil.
Petronas Chemicals' earnings fall to RM742mil profit
KUALA LUMPUR: Petronas Chemicals Group Bhd recorded net profit of RM742mil and revenue of RM3.94bil in its third quarter ended Sept 30.
KLCI opens firmer, Sime, Public Bank up
Blue chips opened higher on Monday, underpinned by gains in heavyweight Sime Darby and Public Bank but the FBM KLCI could struggle later due to the cautious regional markets.
Consumer dividend stocks slip in thin trade
Consumer dividend stocks were among the top losers at midday on Thursday on some mild selling.
Discontinuing vinyl business will result in initial loss for PetChem
PETALING JAYA: With the discontinuation of its vinyl business, the short-term blow to its earnings would be a necessary evil for Petronas Chemicals Group Bhd (PetChem) to bounce back with better business integration in the future.
PetChem to stop vinyl business
PETALING JAYA: Petronas Chemicals Group Bhd (PetChem) plans to discontinue its vinyl business, comprising two plants in Malaysia and one in Vietnam, by Jan 1, 2013, as part of its portfolio optimisation.
