IVL Soars 6%, Analyst Expects a Recovery in 4Q as “Huntsman” Returns to Full Operation
IVL Soars 6%, Analyst Expects a Recovery in 4Q as “Huntsman” Returns to Full Operation, Giving a "BUY" Recommendation at ฿34.00
The share price of Indorama Ventures Public Company Limited (IVL) rose ฿1.75/share or 6.14% to ฿30.25/share with a trading value of 1,633 million baht, making a new high in five months.
Asia Plus Securities recommended “BUY” at ฿34.00/share, expecting the company’s normalize profit in 4Q20 to recover from 3Q due to higher selling volume after its subsidiary in the U.S., Huntsman, returned to full operation (1-month temporary shutdown in 3Q due to a hurricane). As for the spread of IVL’s overall products, the analyst estimated it to be stable compared to the previous quarter.
