Petronas Chemicals (PCHEM) anticipates a strong fourth-quarter performance, driven by recovering product prices and improved operational efficiencies. Analysts project core net profit to reach RM800 million and maintain a 'Buy' rating, citing robust demand in key markets and favorable feedstock costs. The official results are expected later this month.
Petronas Chemicals (5183) is widely expected to report robust results for its upcoming Q4 FY2025 earnings. With crude oil prices stabilizing, average selling prices (ASPs) for petrochemical products have seen a recovery, which, coupled with the company's efforts in cost control and production optimization, is set to boost its profitability. Analysts project Petronas Chemicals' plant utilization rate to remain above 85%, further solidifying its market position amidst improving global demand for specialty chemicals.
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