Analyst expects QoQ improvement for Lotte Chemical in 3Q

Analyst expects QoQ improvement for Lotte Chemical in 3Q

The Malaysian Reserve-News·2019-10-04 13:08

A rise in product margin by 17% QoQ, boosted by recovering product prices, should help improve the company’s profit growth

HIGHER average selling prices and lower naphtha prices will boost Lotte Chemical Titan Holding Bhd’s (LCT) quarter-on-quarter (QoQ) performance in the third quarter ending Sept 30, 2019 (3Q19).

Maybank Investment Bank Bhd (Maybank IB) analyst Mohshin Aziz said a favourable combination of naphtha prices easing and prices of many basic petrochemical rebounding since June 2019 suggests the floor price was established in 2Q19.

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