Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: OSK
KUALA LUMPUR: OSK Research has upgraded its fair value for Petronas Chemicals Group Bhd to RM9.28 (previously RM7.26) based on the existing PER of 18x FY12 EPS following its FY12 earnings upgrade.
'We like the company's strong backing from Petronas Group, especially in keeping its feedstock prices low, as well as attractive dividend payout ratio of 50%, which is the highest among its closest peers,' it said on Friday, May 27.
OSK Research said PetChem's FY11 results were above expectations owing to the higher sales and better prices for its petrochemical products.
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: OSK
KUALA LUMPUR: OSK Research has upgraded its fair value for Petronas Chemicals Group Bhd to RM9.28 (previously RM7.26) based on the existing PER of 18x FY12 EPS following its FY12 earnings upgrade.
'We like the company's strong backing from Petronas Group, especially in keeping its feedstock prices low, as well as attractive dividend payout ratio of 50%, which is the highest among its closest peers,' it said on Friday, May 27.
OSK Research said PetChem's FY11 results were above expectations owing to the higher sales and better prices for its petrochemical products.
No comments:
Post a Comment