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Wednesday, 24 November 2010

Petronas Chemicals set for strong debut


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

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