30 March 2010 00:37 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS news)--Huntsman’s share price could push towards $20 (€15), based on normalised levels of cash flow, president and CEO Peter Huntsman said on Monday.
“Our company has historically had an average EBITDA (earnings before interest, tax, depreciation and amortisation) of about $1bn/year. If we get back to those normalised levels, we’d be pushing towards a $20 stock price,” said Huntsman on the sidelines of the International Petrochemical Conference (IPC).
Shares of Huntsman closed at $12.60 on Monday. Huntsman posted adjusted EBITDA of $511m in 2009, down from $643m in 2008.
“Asia is performing better than we thought, while the
“But we are not waiting for the
Huntsman said Asia Pacific would likely comprise the low 20% range of total sales, with the
While key end markets such as automotive and construction will recover, the nature of the recovery will be different, said Huntsman.
“More autos will be built in
“In construction, we won’t go back to a frenzy of homebuilding in the
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC continues through Tuesday.
($1 = €0.74)
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