[New post] CIMB: Petronas Chemicals Group – HOLD TP RM10.60

alanyeo posted: " Are we close to the cyclical earnings peak? ■ 1Q22 core net profit outperformed at 33%/30% of our/consensus forecasts, due to the strength in petrochemical selling prices on high feedstock costs. ■ While we upgrade our core EPS forecasts, we down" Alpha Edge Investing CIMB: Petronas Chemicals Group – HOLD TP RM10.60 alanyeo May 31 Are we close to the cyclical earnings peak? ■ 1Q22 core net profit outperformed at 33%/30% of our/consensus forecasts, due to the strength in petrochemical selling prices on high feedstock costs. ■ While we upgrade our core EPS forecasts, we downgrade from Add to Hold as the petrochemical price upcycle may be nearing its peak, […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/31/cimb-petronas-chemicals-group-hold-tp-rm10-60/ Powered by WordPress.com