TheScreener - Saudi Kayan Petrochemical Co. (2350) SAUDI KAYAN PETROCH. sees a downgrade to Slightly Negative on account of less fundamental stars

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SAUDI KAYAN PETROCH. sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of SAUDI KAYAN PETROCH. (SA), active in the Commodity Chemicals industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered moderately risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date December 24, 2021, the closing price was SAR 17.28 and its target price was estimated at SAR 15.70.

25/12/2021 6 EN

Underlying

Saudi Kayan Petrochemical Co.

Saudi Kayan Petrochemical is engaged in owning and operating petrochemical industrial projects. Co. principal activities include: investing in industrial projects in the petrochemical and chemical fields and owning and constructing the industrial projects to suppoirt the Co.'s activities including raw materials and others within and outside of Saudi Arabia, operating and managing the industrial projects built by the Co. and to provide the support and maintenance of the utilities related to these plants. Co. produces olefins, ethylene glycol, polypropylene, high density polyethylene, polycarbonate, phenolics and amines.

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SA000A0MQCJ2 Saudi Stock Exchange Saudi Arabia

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SAUDI KAYAN PETROCH. sees a downgrade to Slightly Negative on account of less fundamental stars

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

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