Fransi Capital puts petrochemical stocks under review on declined oil prices

Saudi Fransi Capital put the stocks of all ten petrochemical companies within its coverage under review after the sharp decline of oil prices.

The financial firm expects this decline of oil prices, which reached 45% decline at US$ 112/barrel, to affect petrochemical products’ prices on the short and medium terms which will negatively affect the companies’ profitability.

The following table indicates Fransi Capital’s recommendations for the petrochemical shares under its coverage:

		Saudi Fransi Capital recommendations
Target price	Recommendation		Previous target price	Previous recommendation	Company
Under revision	Under revision		122.0	buy	SABIC
Under revision	Under revision		76.0	buy	YANSAB
Under revision	Under revision		64.5	buy	Advanced Petrochemical Company
Under revision	Under revision		42.0	buy	Saudi Industrial Investment Group
Under revision	Under revision		42.0	buy	Sipchem
Under revision	Under revision		26.5	buy	Sahara Petrochemical Company
Under revision	Under revision		38.0	buy	TASNEE
Under revision	Under revision		13.5	retention	KAYAN
Under revision	Under revision		31.0	retention	Petrochem
Under revision	Under revision		15.0	retention	Chemanol

Comments {{getCommentCount()}}

Be the first to comment

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

Sorry: the validity period has ended to comment on this news

Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Comments {{getCommentCount()}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}}

Popular Links

Quick Links

About Us

Join Us

Follow Us