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MarketScreener Homepage  >  Equities  >  BURSA MALAYSIA  >  PETRONAS Chemicals Group    PCHEM   MYL5183OO008

PETRONAS CHEMICALS GROUP

(PCHEM)
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Petronas Chemicals, LG Chem to Build Nitrile Butadiene Latex Plant

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08/24/2020 | 02:53am EDT

By Chester Tay

Petronas Chemicals Group Bhd. is collaborating with LG Chem Ltd. to build a nitrile butadiene latex manufacturing plant at the Pengerang Integrated Complex in the state of Johor.

Petronas Chemicals said Monday that the new plant targets the growing nitrile glove market and construction will begin in 2021, with production scheduled to start 2023.

The plant will have an annual production capacity of 200,000 tons, Petronas Chemicals said.

 

Write to Chester Tay at chester.tay@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
LG CHEM, LTD. 1.72% 650000 End-of-day quote.104.72%
LG CORP. -0.41% 72200 End-of-day quote.-2.17%
PETRONAS CHEMICALS GROUP 1.71% 5.95 End-of-day quote.-19.05%
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Financials
Sales 2020 14 969 M 3 603 M 3 603 M
Net income 2020 1 679 M 404 M 404 M
Net cash 2020 10 491 M 2 525 M 2 525 M
P/E ratio 2020 26,9x
Yield 2020 1,97%
Capitalization 47 600 M 11 449 M 11 456 M
EV / Sales 2020 2,48x
EV / Sales 2021 1,99x
Nbr of Employees 4 500
Free-Float 18,6%
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Technical analysis trends PETRONAS CHEMICALS GROUP
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 22
Average target price 5,71 MYR
Last Close Price 5,95 MYR
Spread / Highest target 18,5%
Spread / Average Target -3,96%
Spread / Lowest Target -34,5%
EPS Revisions
Managers
NameTitle
Sazali bin Hamzah CEO, MD & Non-Independent Executive Director
Mohamad Arif bin Mahmood Chairman
Rashidah binti Alias Chief Financial Officer
Ch'ng Guan How Chief Innovation & Technology Officer
Ah Wah Toh Senior Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
PETRONAS CHEMICALS GROUP-19.05%11 449
SAUDI BASIC INDUSTRIES CORPORATION-0.75%78 078
AIR LIQUIDE5.67%74 450
WANHUA CHEMICAL GROUP CO., LTD.40.11%36 953
LYONDELLBASELL INDUSTRIES N.V.-18.61%25 672
HENGLI PETROCHEMICAL CO.,LTD.21.52%20 569