Target Prices for Petronas Chemicals Group (PCG)


Investors and analysts were generally bullish on Petronas Chemicals Group Bhd’s (PCG) listing on Bursa Malaysia tomorrow, saying Southeast Asia’s largest initial public offering (IPO) to date will hold its ground although tension in the Korean peninsula continues to threaten sentiment.

Apart from the chemical company’s strong financial fundamentals, analysts say it enjoys strong leverage from its parent company, the national oil corporation, Petroliam Nasional Bhd (Petronas).

Investment houses giving early target or fair prices for PCG. Most of them generally targeted  higher than IPO subscription prices. For comparison the IPO price is RM5.04 for individual and RM5.20 for institutional investors

No Investment or Research Companies Target / Fair Price (RM)
1 Affin Investment Bank 5.70
2 AmInvestment Bank 5.80
3 JF Apex Securities 5.70
4 Maybank Investment Bank 6.70
5 OSK Research 5.51
6 TA Securities 5.70

If you have target or fair prices from another broker, kindly leave your comment.

Leave a Comment

  • blogdia 25th November, 2010, 4:45 pm

    perhaps you could share with readers buy targets from various brokers for MMHE listing? that will give a good indication on by target price for PCG as well.

    • 25th November, 2010, 6:37 pm

      I will look into it and publish if I manage to get the data.

  • john 26th November, 2010, 1:11 am

    Ambank 5.80

    • 26th November, 2010, 3:31 am

      Thanks John. 🙂 Table updated.

      For information, Petronas Chemical Groups will be listed with 5183 & PCHEM stock trading code.

  • Wall Street KLCI 26th November, 2010, 9:51 am

    Affin Securities RM5.70

    • 26th November, 2010, 10:06 am

      Great! :). Table updated

  • dh0bit 6th December, 2010, 5:52 pm


    im 1 of da st0ck buyers for Petronas a new bird in this area..can u giv me a short advise when i should sell it..coz after 2 weeks..the price is still below 5.50..-_-‘

    • 6th December, 2010, 7:07 pm

      This is just target price where we should anticipate the price going to be. It may or maybe be there at all. Obviously I did not know when it will reach 5.50 again. If I know I will be multi millionaire already. 🙂 Anyway, I believe PCHEM is good for long term.