Equity Analysis /

Lotte Chemical Pakistan: Outlook for spreads and demand remain sanguine; Buy

  • We resume our coverage on LOTCHEM with revised TP of PKR19/sh and EPS of PKR2.64/2.40 in CY21/22

  • We assume that PTA-PX margins are likely to remain in the healthy range

  • The demand of PTA is likely to sustain amid booming textile exports

IMS Research Team
Intermarket Securities
15 October 2021