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Petronas Chemicals Group Bhd (PetChem) recorded a surge in earnings to RM1.47bil in the first quarter ended March 31,2021 (Q1) from RM506mil in the previous corresponding quarter as crude oil and petrochemical prices were boosted by global demand recovery and supply disruptions.
KUALA LUMPUR: Petronas Chemicals Group Bhd expects its Pengerang Integrated Complex, which will be operational by the second half of 2021, to contribute 10 to 15 per cent to its revenue in the financial year ending Dec 31, 2022 (FY22).
KUALA LUMPUR: Stocks to watch on Wednesday include Nestle (M) Bhd, Petronas Chemicals Group Bhd, IOI Corp Bhd, Leong Hup International Bhd, Sunway Construction Group Bhd and AT Systematization Bhd, according to JF Apex Research.
KUALA LUMPUR: Petronas Chemicals Bhd posted a strong set of earnings in the fourth quarter ended Dec 31,2020 with net profit of RM466mil, underpinned by a recovery in petrochemical product prices, and it expects an improvement this year
KUALA LUMPUR: Risks in 2021 are skewed to the downside with the persistently rising Covid-19 cases and a new round of movement control order (MCO) but this does not derail Malaysia’s growth outlook this year.
More capacity is expected to come onstream with China accounting for more than half of the output
SINGAPORE (Reuters) - China's Hengyi Petrochemical Co Ltd plans to spend US$13.65 billion to build the second phase of a refinery and petrochemical complex in Brunei, it said on Tuesday in a stock filing.
KUALA LUMPUR: JF Apex Research expects Willowglen MSC Bhd, Petronas Chemicals Group Bhd (PetChem), Kerjaya Prospek Group Bhd, George Kent (M) Bhd, Global Oriental Bhd and Green Packet Bhd to be among the stocks to watch on Tuesday.