Wanhua Chemical_ Spreads and share price diverged but valuation fair
China Securities·2025-02-10 08:58
Wanhua Chemical | Asia Pacific February 6, 2025 05:51 AM GMT Spreads and share price diverged but valuation fair Investors are curious for the reasons behind the weak share price performance despite recent product price hikes. We think the uncertainty in 4Q24 earnings and valuation is key, while tariff impact could be milder than it appears. Maintain EW. Price hikes across regions but share price diverged. Since the overseas price hikes by BASF and Wanhua in early Jan, Huntsman also followed and hiked MDI p ...