Earnings Alerts

Petronas Chemicals Group (PCHEM) Earnings: 1Q Net Income Hits 668M Ringgit

  • Petronas Chemicals reported a net income of 668.0 million ringgit for the first quarter of 2024.
  • Total revenue for the same period was 7.50 billion ringgit.
  • Earnings per share (EPS) stood at 8.0 sen.
  • Analyst recommendations include:
    • 1 buy rating
    • 9 hold ratings
    • 11 sell ratings

A look at Petronas Chemicals Group Smart Scores

FactorScoreMagnitude
Value3
Dividend3
Growth3
Resilience4
Momentum3
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Analysing the Smartkarma Smart Scores for Petronas Chemicals Group, the company demonstrates a balanced long-term outlook across various key factors. With solid scores in Value, Dividend, Growth, and Momentum, Petronas Chemicals Group is positioned relatively well in the market. A notable aspect is its Resilience score, which indicates the company’s ability to withstand market fluctuations and challenges, suggesting a stable foundation for future growth. Overall, Petronas Chemicals Group shows promise for long-term investors considering its strategic position in the chemical industry.

Summary: Petronas Chemicals Group Bhd. is a chemical company specializing in a diverse range of petrochemical products, including olefins, polymers, fertilisers, methanol, and basic chemicals. With a blend of competitive Smart Scores reflecting its value, dividend potential, growth prospects, resilience, and momentum, Petronas Chemicals Group presents a sturdy outlook for the future within the industry landscape.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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