With a more favourable environment, INDORAMA VENTURES improves to Slightly Positive
INDORAMA VENTURES (TH), a company active in the Commodity Chemicals industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date April 1, 2022, the closing price was THB 45.50 and its potential was estimated at THB 53.35.Indorama Ventures Public Company and its subsidiaries are engaged in the manufacturing and distribution of polyethylene terephthalate (PET), purified terephthalic acid (PTA) and related products, polyester fibres and yarns, and wool products. Co. conducts its businesses through three segments: PET, which manufactures and distributes solid state polymerised chips, PET performs, closures and blown bottles; PTA, which manufactures and distributes purified terephthalic acid; and Fibers and yams, which manufactures and distributes fibers and yarns. Co. operates in the following main geographical areas: Thailand, North America, Europe and rest of the world.
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