$PCHEM (5183.MY)$ (Kuala Lumpur, 16th) The petrochemical ind...

(Kuala Lumpur, 16th) The petrochemical industry has been in a long-term slump. LCTITAN (5284 Main Board Industrial Stock) temporarily closed its No. 1 naphtha cracker plant to reduce operational losses, while direct competitor Petrochemical Corporation of Malaysia (PCHEM, 5183 Main Board Industrial Products Stock) is expected to benefit without lifting a finger!

Galaxy Securities analysts pointed out that although the closure of the factory can alleviate the operational pressure on LCTITAN, on the flip side, Petrochemical Corporation of Malaysia can leverage its stable performance to seize more market share in the local market from this incident.