February 28, 2012

PCHEM - Hit by weaker prices and demand

Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: HWANGDBSPrice Call: SELLTarget Price: 5.50



Petronas Chemicals; Fully Valued; RM6.90
Price Target: RM5.50; PCHEM MK

3Q11 earnings within our expectation, but significantly below consensus'. Declared 8 sen single tier dividend. Maintain Fully Valued and RM5.50 TP.

Source: HwangDBS Research 28 Feb 2012

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