Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMB
Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, rose to a record after the stock was rated "outperform" at CIMB Investment Bank Bhd, which cited its strong earnings outlook.
The stock gained 1.2 per cent to RM6.03 at 11:25 a.m. in Kuala Lumpur trading, extending its gain to the highest level since its listing debut on Nov. 26.
CIMB has a share price estimate of RM7.25 for Petronas Chemicals, it said in a report today. -- Bloomberg
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMB
Petronas Chemicals Group Bhd, a unit of Malaysia's state oil and gas company, rose to a record after the stock was rated "outperform" at CIMB Investment Bank Bhd, which cited its strong earnings outlook.
The stock gained 1.2 per cent to RM6.03 at 11:25 a.m. in Kuala Lumpur trading, extending its gain to the highest level since its listing debut on Nov. 26.
CIMB has a share price estimate of RM7.25 for Petronas Chemicals, it said in a report today. -- Bloomberg
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