This Thai Stock Is Forecast to Surge 49% Within a Year
- Indorama has 49% return potential based on analysts’ targets
- Global acquisition spree seen boosting margins on chemicals
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A 25 percent slump in the share price of Billionaire Aloke Lohia’s Indorama Ventures Pcl doesn’t have analysts worried. Instead, the stock is now rated the best equity buy among Thailand’s largest companies.
Bangkok-based Indorama, with products ranging from Nestle SA packaging to materials for Zara clothing, is forecast to surge 49 percent within a year based on the gap between the current share price and consensus 12-month target among 19 analysts.