Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMB
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMB
Petronas Chemicals Group Bhd climbed to a record in Kuala Lumpur trading after CIMB Investment Bank Bhd raised its share estimate on its “superior” growth prospects, bolstered by higher margins.
The stock climbed 1.6 per cent to RM6.94 at 3:41 p.m. The stock has risen 26 per cent this quarter, set to be the second-biggest gainer on the benchmark stock index. The share estimate was raised to RM10 from RM7.25, Terence Wong, an analyst at CIMB, wrote in a report today. -- Bloomberg
The stock climbed 1.6 per cent to RM6.94 at 3:41 p.m. The stock has risen 26 per cent this quarter, set to be the second-biggest gainer on the benchmark stock index. The share estimate was raised to RM10 from RM7.25, Terence Wong, an analyst at CIMB, wrote in a report today. -- Bloomberg
due to vulnerability of nuclear energy e.g germany intends to shut down its nuclear plant, many countries will shift to gas. China is buying many gas processing companies
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