Pakistan Chemical: Sector profitability to fall in 4QCY24 amid higher gas prices - By Foundation Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">FSL Chemical universe profitability is expected to decline 98% YoY (&uarr;10.7x QoQ) in 4QCY24 driven by higher gas prices and LOTCHEM plant shutdown. We expect this would translate into EPCL posting diluted LPS of Rs0.3/sh in 4QCY24 (CY24 LPS Rs1.6) while LOTCHEM&rsquo;s profitability is forecasted at Rs0.2/sh in 4QCY24 (&uarr;/&darr; 34/36% YoY/QoQ) taking CY24 EPS to Rs2.0. LOTCHEM&rsquo;s final payout is expected at Rs1.0/sh.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Mixed trend in petrochemical margins during 4QCY24: Petrochemical sector has witnessed mixed trend in margins during 4QCY24 with PVC-Ethylene margins remaining flat YoY (&darr;8% QoQ) due to 1% YoY higher PVC prices amid 2% Y...