096770.KS Loading... : Bullish and Bearish Analyst Opinions
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01:51
May 07
May 07
Asian refiners/chemicals gain long-term competitiveness.
The structural shift in global oil markets—Middle East refinery/chemical capacity damaged (4-5% offline for 1-1.5 years), US shale production peaking (new wells need $60+ breakeven vs $40 previously), and UAE leaving OPEC weakening Middle East pricing power—means Asian refiners and chemical companies will gain competitiveness and see higher valuations. The current oil price drop on ceasefire is a buying opportunity, especially during the June-July dip when high raw material costs hit earnings.
HIGH
About 096770.KS Analyst Coverage
Buzzberg tracks 096770.KS across 1 sources. 1 bullish vs 0 bearish calls from 1 analysts. Sentiment: predominantly bullish (100%). 1 total trade ideas tracked.