Petronas Chemicals (PetChem) shares surged 3.5% today to close at RM7.20, following the release of its fourth-quarter results which surpassed market expectations. Robust sales volumes and a recovery in product prices were the primary drivers. The positive outlook for petrochemical demand in 2026 also contributed to investor confidence, leading to upgraded target prices by several research houses.
Petronas Chemicals Group Bhd (PCHEM, stock code: 5183) saw a strong performance in its share price today, surging 3.5% to close at RM7.20. This rally was primarily driven by the company's release of its fourth-quarter 2025 financial results yesterday, which surpassed the general expectations of market analysts. Petronas Chemicals reported a 15% year-on-year increase in net profit, propelled by robust sales volumes and a recovery in the prices of its key products. Despite global economic challenges, demand for its core products like ethylene and polyethylene remained strong. RHB Investment Bank, in a research note, highlighted that Petronas Chemicals' improved operational efficiency and cost control measures also contributed to its profitability. Looking ahead to 2026, as the global economy gradually recovers, demand for petrochemical products is expected to further grow, providing sustained tailwinds for Petronas Chemicals. Several research houses have already upgraded their target prices for the stock.
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