PSA Chemicals: KH Neochem (4189 JT) – Set to Recover Strongly from FY20 H2
KH Neochem shares remain at depressed levels compared to a year ago, held back by unanticipated plant trouble in FY19 H1 and weaker demand in China. Expanding earnings from FY20 H2 will likely remind investors of the company’s strong positioning and high ROE. The shares deserve particular consideration from an environmental perspective, as key products help to slow ozone depletion and climate change.KH Neochem Co Ltd. KH Neochem Co., Ltd. is a Japan-based company engaged in the manufacture and sale of petrochemicals. The Company's business is divided into three business units. The Basic Chemical business's main products include butyl alcohols, octyl alcohols and butyl acetates. The business is involved in the provision for the manufacture of paints, inks, commodity resins, plasticizers, detergents and others. The Performance Material business's main products include isononanoic acids and octylic acids, among others. The business is involved in the provision of raw materials for surfactants, water-based paints, cosmetics, pesticides, as well as pharmaceutical products. The Electronic Material business's main products include propylene glycol methyl ether-pure (PM-P) and propylene glycol methyl ether acetate-pure (PMA-P). The business is involved in the provision for semiconductors, display materials and optical materials, among others. The Company has six subsidiaries and two associated companies.
Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods.
PSA produces both company and sector reports. The focus of PSA’s research is to identify winners and losers as new technologies impact the top and bottom lines of corporations. Critical to our research is the clear explanation of how these new technologies work and how they impact companies and industries.
The founding partners have worked closely together for twenty years and the team has more than doubled in size since 2012.
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