Earnings Report /
Pakistan

Pakistan Chemicals: 4QCY20 preview – Earnings momentum to continue

  • We expect our Chemical Universe to post 4QCY20 NPAT of PKR3.4bn, up 104% yoy and 23% qoq, taking CY20 NPAT to PKR6.6bn

  • EPCL’s NPAT during 4Q is expected to rise 2x yoy due to higher PVC sales, high core delta and revival of caustic demand

  • LOTCHEM is expected to post positive earnings in the backdrop of healthier spreads (c.US$97/ton in 4Q) - lower than SPLY

Zain Rizvi
Zain Rizvi

Investment Analyst

Intermarket Securities
26 January 2021