2nd Annual Alembic Global Advisors Chemical Conference – February 29 – March 2nd, 2012 – Deer Valley, UT
Please contact Stephen Matthews for more information. Stephen.matthews@alembicglobal.com
Yansab – Unexciting valuation; initiating at Neutral
· Production economics marginally better than US ethane based producers, in our view
· Fully valued relative to Saudi and overvalued relative to global peer group
· We are initiating coverage of Yansab with a Neutral rating and SAR35 target price
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