TheScreener - Advanced Petrochemical Co. (2330) ADVANCED PETROCHEMICALS reduced its risk exposure resulting in an upgrade to Slightly Positive

Report

TheScreener

EUR 13.49 For Business Accounts Only

ADVANCED PETROCHEMICALS reduced its risk exposure resulting in an upgrade to Slightly Positive

ADVANCED PETROCHEMICALS (SA), a company active in the Commodity Chemicals industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 2 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date January 21, 2022, the closing price was SAR 72.30 and its potential was estimated at SAR 77.75.

22/01/2022 1 EN

Underlying

Advanced Petrochemical Co.

Advanced Polypropylene. Advanced Petrochemical Co SJSC (ADVANCED) is a Saudi Arabia-based joint stock company that operates in the chemicals and petrochemicals sectors. The Company is primarily engaged in the manufacture of polypropylene, which is crystalline thermoplastic and one of the members of the polyolefin family, and Petrochemicals, which are chemicals made from petroleum and natural gas, such as olefins (ethylene, propylene and butadiene), aromatics (benzene, toluene and xylenes), and methanol. In addition, the Company also produces petrochemical intermediates, such as Vinyl acetate for paint, paper and textile coatings; Vinyl chloride for polyvinyl chloride (PVC), Resin manufacture; Ethylene glycol for polyester textile fibers, and Styrene, which is used in rubber and plastic manufacturing. The Company offers its products for a range of industries include automotive, consumer product, health care, packaging, and textile.

See profile

SA000A0LE310 Saudi Stock Exchange Saudi Arabia

Provider

TheScreener

Empowering Investors

theScreener is the market leader for independent valuations of financial securities, equities, sectors and markets, and new funds. theScreener's ratings, analyses are used by leading banks, asset managers and financial portals. Approximately 10,000 workstations benefit from theScreener's services, with over millions of customer accounts actively analysed.

Worldwide coverage: theScreener analyses cover around 6'500 Stocks, i.e 95% of the world Market Capitalization. theScreener state of art: We provide
theScreener state of art: We provide easy to use and complete analyses over Stocks, including Fundamentals / Technical / Risk/ Peer / Alternatives analyses.
For Research Pool community, we provide twice a week around 500 new equity analyses. We produce analyses about equities which have been upgraded or downgraded.

See profile

Other Reports on these Companies

Tellimer

Advanced Petrochemicals: Q4 22 Result Analysis | First Quarterly losses in Q4 22

Advanced reported its first losses on record in Q4 22, with a net loss of SAR6mn compared to net profits of SAR27mn and SAR162mn in Q3 22 and Q4 21 respectively. This compares to the SNB Capital and consensus estimates of profits of SAR25mn and SAR28mn, respectively. Although revenues were in-line with our estimates, we believe the variance is mainly due to 1) higher than expected production cost, 2) higher losses from SK Advanced which came in at SAR46mn in Q4 22, the highest on record. * R...

PREMIUM

February 21, 2023 February 21, 2023 1 EN

Tellimer

Saudi Petrochemicals Sector | Q4 Update | A difficult year ahead

Following a challenging H2 22, major headwinds are expected in the near-term for the Saudi petrochemicals sector. The expected global recession, high inflation levels and the commissioning of new capacities will test the sector’s dynamics, exerting pressure on product margins. However, we believe the full removal of COVID-19 restrictions in China by H2 23f is a key positive and will drive demand over the medium term. Valuations are generally attractive over the LT, but given the major headwin...

PREMIUM

December 19, 2022 December 19, 2022 1 EN

Tellimer

Advanced Petrochemicals: Q3 22 Results Analysis | Gross margin at a decade low

Advanced reported a Q3 22 net income of SAR27mn, down 87.6% yoy (-75.4% qoq). This is lower than the SNB Capital and consensus estimates of SAR47mn and SAR69mn respectively. The yoy decline in profits were mainly due 1) lower revenues due to a decline in selling prices, 2) lower gross margins and 3) increase in share of losses from SK Advanced. Although revenue came in-line with our estimates, the variance was mainly due to lower-than-expected gross margins. * Revenues came in at SAR657mn, d...

PREMIUM

October 31, 2022 October 31, 2022 1 EN

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

AC ENERGY CORP (PH), a company active in the Alternative Electricity industry, now shows a lower overall rating. The independent financial analyst theScreener confirms the fundamental rating of 4 out of 4 stars. However, the market behaviour deterioration triggered a risk requalification, which can be thus described as moderately risky. theScreener believes that increased risk justifies the general evaluation downgrade to Neutral. As of the analysis date April 8, 2022, the closing price was PHP 8.54 and its expected value was estimated at PHP 8.53.

Free Trial

April 9, 2022 April 9, 2022 1 EN

With a more favourable environment, VUKILE PROPERTY improves to Positive

VUKILE PROPERTY (ZA), a company active in the Real Estate Holding & Development industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, defensive market behaviour. The title leverages a more favourable environment and raises its general evaluation to Positive. As of the analysis date April 5, 2022, the closing price was ZAR 13.72 and its potential was estimated at ZAR 15.16.

Free Trial

April 6, 2022 April 6, 2022 1 EN

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

The independent financial analyst theScreener just requalified the general evaluation of ROYAL BAFOKENG PLATINUM (ZA), active in the Platinum & Precious Metals industry. As regards its fundamental valuation, the title still shows 0 out of 4 stars and its market behaviour is seen as moderately risky. theScreener believes that the unfavourable environment weighs on the sector and penalises the company, which sees a downgrade to its general evaluation to Slightly Negative. As of the analysis date April 5, 2022, the closing price was ZAR 159.78 and its target price was estimated at ZAR 127.50.

Free Trial

April 6, 2022 April 6, 2022 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

ADVANCED PETROCHEMICALS reduced its risk exposure resulting in an upgrade to Slightly Positive

Empowering Investors

Advanced Petrochemicals: Q4 22 Result Analysis | First Quarterly losses in Q4 22

Saudi Petrochemicals Sector | Q4 Update | A difficult year ahead

Advanced Petrochemicals: Q3 22 Results Analysis | Gross margin at a decade low

AC ENERGY CORP increases its risk exposure and slightly lowers to Neutral

With a more favourable environment, VUKILE PROPERTY improves to Positive

An unfavourable environment weighs on ROYAL BAFOKENG PLATINUM, which sees a downgrade to Slightly Negative

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe