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The Dow Chemical Company Message Board

  • Robo_King Robo_King Apr 29, 1999 7:28 AM Flag

    Dow Chemical Stretching Out

    BANGKOK, April 29 (Reuters) - U.S. chemical and
    plastics giant Dow Chemical opened a 300,000
    tonne-per-year polyethylene plant in eastern Thailand on
    Thursday.
    The plant, located in Rayong province, would be run
    by Siam Polyethylene Co which is a joint venture
    between Dow and a unit of Siam Cement Plc , a leading
    Thai industrial conglomerate, a company official told
    Reuters.
    Investment of over $100 million had gone into the plant
    which uses the latest Dow process technology.
    The
    company said that the plant was the largest polyethylene
    production facility in the world.

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    • Dow is over valued at this price.
      I am looking
      at a 10%~15% correction in about 2 weeks.
      It is
      not a secret that Dow's stock will go down after
      every share meeting (this year it is may
      8th?).
      Currently, Dow has holding well in Chlorine business. But
      Caustic
      price is still downward, which can be a headache for
      Dow since they need to get rid of Caustic in any
      possible way to the market.
      Polymer side, the market
      absorbed a little price hike, but the ethlene and oil
      price hike will make it un-practical to get higher
      margin. With large capacity come in 2000 by Carbide
      and
      other producers, Don't expect any economic improvement
      will help
      Dow until year 2002.

      Anyway, if
      these two will not make significant change, Dow's
      earning will stay same or lower. It make no sense for a
      p/E of over 20.... SO u figure it out -: ) Sooner or
      later, the institution will realize that they are buying
      a utility -:)

 
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