Petronas Chemicals set for strong debut
TA Securities head of research Kaladher Govindan said he expects the stock to gradually climb between 13-14 per cent or at between RM5.50 and RM5.70 from its IPO price of RM5.04.
Read more: Petronas Chemicals set for strong debut http://www.btimes.com.my/Current_News/BTIMES/articles/PETCUR-2/Article/index_html#ixzz16FzOpKQY
"We believe Petronas Chemicals is worth up to RM6.67 a share and the issue price of RM5.04 is very attractive and a deep discount to its global peers," said Maybank Investment Bank, which is targeting the stock to hit RM6.70 a share.
Read more: Petronas Chemicals set for strong debut http://www.btimes.com.my/Current_News/BTIMES/articles/PETCUR-2/Article/index_html#ixzz16FzUo5wp
Wednesday 24 November 2010
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