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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.