0419 GMT - Lotte Chemical Titan may see sustained heavy losses in 1Q and over the next three years due to a weak petrochemical cycle and margin pressures, Maybank IB analyst Jeremie Yap says in a note. He widens the chemicals company's 2025-2026 net loss estimates, factoring in higher input naphtha costs and lower operating rates following 4Q 2024's losses. Maybank cuts Lotte's target price to MYR0.39 from MYR0.91, while maintaining a sell rating on the stock due to a negative view on petrochemical sector. Shares are 6.1% lower at MYR0.54 (yingxian.wong@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 23:19 ET (04:19 GMT)
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