A double requalification allows PETRONAS CHEMICALS to improve to Slightly Positive
PETRONAS CHEMICALS (MY), a company active in the Speciality Chemicals industry, has received a double requalification by the independent financial analyst theScreener. Its fundamental valuation is now 2 out of 4 stars while its market behaviour can be considered as defensive. theScreener believes that the gain of a star(s) and an improvement in the market risk perception allows upgrading the general evaluation to Slightly Positive. As of the analysis date January 25, 2022, the closing price was MYR 8.90 and its potential was estimated at MYR 9.54.Petronas Chemicals Group is an investment holding company, engaged in producing and marketing a range of chemical products. Co.'s products include olefins, glycols and derivatives, polymers, aromatics and methyl tertiary butyl ether, methanol, and ammonia and fertilizer. Co.'s segments comprised of: Olefins and Derivatives, which manufactures and markets olefin and polymer products, used as basic feedstock for other products, to intermediate products including basic and high performance chemicals; Fertilizers and Methanol, which manufactures and markets methanol and a range of nitrogen, phosphate and compound fertilizers; and Others, which supports the petrochemicals' business operations.
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