$PCHEM / 5183 (PETRONAS CHEMICALS GROUP BERHAD)
Research by Kenanga
MARKET PERFORM – TP RM6.28

" Stable Outlook, At Best”

PCHEM guided for stable to slightly weaker outlook for prices of its products due to a soft global economy partially cushioned by supply constraints, which does not differ from our view that the downstream segment of the oil & gas industry is still lacking catalysts. We maintain our forecasts, TP of RM6.28 and MARKET PERFORM call.

Analyst:
Lim Sin Kiat, CFA
limsk@kenanga.com.my