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0.00192607003891051 0.00192607003891051 0.000972762645914376 -0.00194552529182892 0.00583657587548626 0.00583657587548626 0.000972762645914376 0.000972762645914376
Stock impact report

Braskem: Petrochemical Market Conditions Bottoming [Seeking Alpha]

Sasol Ltd. American Depositary Shares (SSL) 
US:NYSE Investor Relations: sasol.com/investor-centre/overview
Company Research Source: Seeking Alpha
Greenery Financial Follower s Follow Play 9min Summary Braskem's stock has plummeted, but recent improvements in operating results and positive earnings call discussions suggest a potential turnaround. The Brazilian Real's depreciation has hurt Braskem, but a reversal could boost local asset values, aiding the company's recovery. Protectionist tariffs implemented in Brazil to protect the industry, expanding import tariffs on similar goods from 12%~ to 20%~, will serve to further increase performance and resilience. Braskem's improving metrics and potential for re-rating make it a BUY, with a target of $12-$18 as the stock goes from hated to tolerated. Joa_Souza The Petrochemical industry has been a terrible place to invest in for quite some time, with terrible margins and, for many companies in the space, losses quarter after quarter. Braskem ( NYSE: BAK ) has been no exception, failing to hit This article was written by Greenery Financial Follower s Fol Show less Read more
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