Petronas Chemicals' Earnings Unlikely to Weaken Near-term Despite Easing Prices

Dow Jones

06/25

0111 GMT - Petronas Chemicals' earnings outlook isn't expected to weaken immediately even as petrochemical prices normalize, says TA Securities analyst Luqman Anwar in a note. While petrochemical prices are unlikely to return to their April-May peaks, supply disruptions linked to the U.S.-Iran conflict could keep regional markets relatively tight and support product margins through 2026, he says. However, this support could fade as Middle East exports recover and capacity additions are made in China. Anwar expects petrochemical spreads and margins to weaken from 2027 onwards. TA Securities downgrades the stock's rating to sell from buy, and cuts target price to 4.32 ringgit from 6.56 ringgit. Shares are 1.7% lower at 4.03 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

June 24, 2026 21:11 ET (01:11 GMT)

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While petrochemical prices are unlikely to return to their April-May peaks, supply disruptions linked to the U.S.-Iran conflict could keep regional markets relatively tight and support product margins through 2026, he says. However, this support could fade as Middle East exports recover and capacity additions are made in China. Anwar expects petrochemical spreads and margins to weaken from 2027 onwards. TA Securities downgrades the stock's rating to sell from buy, and cuts target price to 4.32 ringgit from 6.56 ringgit. Shares are 1.7% lower at 4.03 ringgit. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Petronas Chemicals' Earnings Unlikely to Weaken Near-term Despite Easing Prices</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPetronas Chemicals' Earnings Unlikely to Weaken Near-term Despite Easing Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-06-25 09:11</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0111 GMT - <a href=\"https://laohu8.com/S/PECGF\">Petronas Chemicals</a>' earnings outlook isn't expected to weaken immediately even as petrochemical prices normalize, says TA Securities analyst Luqman Anwar in a note. While petrochemical prices are unlikely to return to their April-May peaks, supply disruptions linked to the U.S.-Iran conflict could keep regional markets relatively tight and support product margins through 2026, he says. However, this support could fade as Middle East exports recover and capacity additions are made in China. Anwar expects petrochemical spreads and margins to weaken from 2027 onwards. TA Securities downgrades the stock's rating to sell from buy, and cuts target price to 4.32 ringgit from 6.56 ringgit. Shares are 1.7% lower at 4.03 ringgit. (yingxian.wong@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 24, 2026 21:11 ET (01:11 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6045","symbol_name":"建筑与工程","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2646840549","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2646840549","pubTimestamp":1782349860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0111 GMT - Petronas Chemicals' earnings outlook isn't expected to weaken immediately even as petrochemical prices normalize, says TA Securities analyst Luqman Anwar in a note. While petrochemical prices are unlikely to return to their April-May peaks, supply disruptions linked to the U.S.-Iran conflict could keep regional markets relatively tight and support product margins through 2026, he says. However, this support could fade as Middle East exports recover and capacity additions are made in China. Anwar expects petrochemical spreads and margins to weaken from 2027 onwards. TA Securities downgrades the stock's rating to sell from buy, and cuts target price to 4.32 ringgit from 6.56 ringgit. Shares are 1.7% lower at 4.03 ringgit.  Dow Jones NewswiresJune 24, 2026 21:11 ET Copyright  2026 Dow Jones & Company, Inc.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6045":"建筑与工程","BK6512":"房地产股","PA3.SI":"长益"},"translate_title":"尽管价格宽松，马来西亚国家石油公司化学公司的盈利近期不太可能减弱","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PA3.SI":0.75},"content_text":"0111 GMT - Petronas Chemicals' earnings outlook isn't expected to weaken immediately even as petrochemical prices normalize, says TA Securities analyst Luqman Anwar in a note. While petrochemical prices are unlikely to return to their April-May peaks, supply disruptions linked to the U.S.-Iran conflict could keep regional markets relatively tight and support product margins through 2026, he says. However, this support could fade as Middle East exports recover and capacity additions are made in China. Anwar expects petrochemical spreads and margins to weaken from 2027 onwards. TA Securities downgrades the stock's rating to sell from buy, and cuts target price to 4.32 ringgit from 6.56 ringgit. Shares are 1.7% lower at 4.03 ringgit. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 24, 2026 21:11 ET (01:11 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}