IVL Sinks 10%, Trembling from the Effect of Trade War to Crumble Production in the U.S.

As of 12.09, local time in Thailand, the share price of Indorama Ventures Public Company Limited (IVL) was ฿31/share, fell ฿3.50 or 10.14%. The high IVL’s share price was ฿33/share and the lowest was ฿30.75/share with the trading value of THB 1.33 billion.

The share price of IVL has sharply dropped in 2 years and 10 since the price closed at ฿29.25/share on 31 October 2016.
NOMURA Securities said that a sharp decrease in IVL’s share price might be due to an effect of the trade war between the U.S. and China, and selling pressure from investors after the share price has been continuing to fell for 4 days.

While CGS-CIMB Securities stated that the share price in the Petrochem sector has fallen, especially IVL which affected the trade war between the U.S. and China more than others because of the factory located in America. CGS-CIMB Securities said that Petrochem sector still has a bad effect from the trade war and facing an increase of tax and slow down of economic. Therefore, the analyst recommended “HOLD” IVL’s share and might have to make another revision on IVL.