Anyone planning to sell their shares in anticipation of the next ‘fire sale’?
Taken from the Star, dateline 2010-12-27:
The fire that occurred at the aromatic plant belonging to Petronas Chemicals Group Bhd is not expected to have any major impact on its business; however, any prolonged closure could affect its revenue.
According to OSK Research analyst Jason Yap, the plant is used to produce paraxylene and benzene, which make up about 20% of forecast revenue for financial year ending March 31, 2011 (FY11).
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Wata - Malaysian Oil and Gas Engineer 