Lotte Chemical Titan share price up 4.15% on new coverage
KUALA LUMPUR (Aug 17): Lotte Chemical Titan Holding Bhd’s shares rose 4.15% in afternoon trade, after Citi analyst Horace Chan initiated coverage with a Buy recommendation.
As at 3.30pm, the petrochemical group’s share price was up 21 sen at RM5.27, with 8.94 million shares traded. It was the sixth top gainer on Bursa Malaysia.
In a report by Bloomberg, Chan predicted Lotte Chemical Titan to trade at RM6.1 within a year, implying a 21% increase from the last close.
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