Key Points Q3’24 EBITDA beat driven by improved spreads Higher q-o-q earnings witnessed across all regions We rate Braskem shares Overweight, with a 12-month target price of BRL25 per share Summary Braskem announced Q3'24 earnings...
Key Points Slowing demand on the back of a weak housing and construction end-market had put downward pressure on PVC prices and margins See global demand growth outstripping global supply growth in...
Key Points Q2’24 earnings miss but Q2 sequentially higher EBITDA driven by higher sales in Brazil and Mexico Higher earnings in Brazil and Mexico offset weakness in U.S./Europe We rate Braskem shares Overweight,...
Key Points Share price underperformance relative to peers is unwarranted, in our view; geographic and feedstock diversity, along with improving fundamentals, isn't appreciated by investors BRKM5 shares are trading at 0.41x replacement...