0706 GMT - While BASF's headline guidance for the year remains unchanged, the German conglomerate acknowledged underlying assumptions might not hold, Bernstein analyst James Hooper says in a research note. "There are hints about strength in the second quarter," Hooper says. With Asia materially disrupted, the chemical company's continuing operations provides an opportunity to generate very strong profits, he says. First-quarter volumes in China were strong, and BASF acknowledged that pricing is likely to improve in the second quarter as the Zhanjiang Verbund site project delivered positive Ebitda in March, the analyst adds. (nina.kienle@wsj.com)
(END) Dow Jones Newswires
April 30, 2026 03:06 ET (07:06 GMT)
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