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PEC’s petrochemical plant business deserves a little more respect

PC Lee
PC Lee2/21/2017 01:25 PM GMT+08  • 2 min read
PEC’s petrochemical plant business deserves a little more respect
SINGAPORE (Feb 21): KGI Securities says PEC’s current stock price of 60 cents “severely undervalues” the group’s profitable businesses that have been in operations since the 1980s.
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SINGAPORE (Feb 21): KGI Securities says PEC’s current stock price of 60 cents “severely undervalues” the group’s profitable businesses that have been in operations since the 1980s.

At this level, investors will be buying PEC’s profitable operations for free given PEC’s 58 cents net cash position, says analyst Joel Ng in a Monday report.

Furthermore, industry cycle has bottomed and may recover in 2018, in its view.

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