0200 GMT - Lotte Chemical Titan's earlier purchases of cheaper feedstock before the start of the Mideast conflict are expected to support margins, narrow losses in 1Q, and potentially drive a return to profit in 2Q, Maybank IB analyst Jeremie Yap says in a note. However, the benefit is likely to be temporary as the company relies heavily on Middle East supplies, and the current naphtha feedstock inventory may only last until May, he says. Prolonged disruptions could force lower production or temporary shutdowns from June, he adds. Maybank upgrades Lotte Chemical Titan's rating to hold from sell and raises the target price to 0.35 ringgit from 0.21 ringgit to reflect a near-term trading opportunity on the earnings rebound. Shares are 2.9% higher at 0.36 ringgit.(yingxian.wong@wsj.com)
(END) Dow Jones Newswires
April 05, 2026 22:00 ET (02:00 GMT)
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