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Westlake Corporation is an international manufacturer and supplier of petrochemicals, polymers and fabricated building products, which are fundamental to various consumer and industrial markets. [2] The company was founded by Ting Tsung Chao in 1986.
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Though Vietnam is a relative newcomer to the oil industry, it is currently the third-largest oil producer in Southeast Asia, with a total 2011 output of 318,000 barrels per day (50,600 m 3 /d). [1] In 2010, Vietnam was ranked as the 8th largest crude petroleum producers in the Asia and Pacific region. [ 2 ]
Solid Q1 results and upbeat prospects stemming from strong demand for polyethylene and PVC resin have contributed to the run-up in Westlake Chemical's (WLK) shares.
Westlake (WLK) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
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Category: Stock exchanges in Vietnam. 3 languages. ... Companies listed on the Ho Chi Minh City Stock Exchange (1 C, 13 P) V. Vietnamese stock market indices (10 P)
The stock of Westlake Chemical (NYSE:WLK, 30-year Financials) is estimated to be significantly overvalued, according to GuruFocus Value calculation.