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The Edge Malaysia·4 min read·hard

PETRONAS Chemicals could swing back to loss in 2028, TA Securities warns

PETRONAS Chemicals could swing back to loss in 2028, TA Securities warns
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TA Securities has downgraded PETRONAS Chemicals to 'sell', predicting a potential net loss by 2028 due to industry oversupply and weakening demand. The research house argues that current earnings are driven by temporary geopolitical shocks rather than structural growth.

Why it matters

The downgrade signals investor caution regarding the long-term profitability of the petrochemical sector amid global market volatility.

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BURSA SGX Home OIL & GAS KUALA LUMPUR (June 25): PETRONAS Chemicals Group Bhd (KL: PCHEM ) could swing back to the red in 2028 as industry oversupply returns and erases margins, TA Securities warned.

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