2024-04-23 07:36:05 ET
Summary
- Westlake Corp. is a vertically integrated company producing commodity chemicals and downstream final products for construction in residential and also infrastructure end markets.
- The company is facing oversupply issues in some commodity markets due to troubles in the Chinese construction space and the flood of Chinese commodities in Westlake markets.
- Despite challenges, WLK's less commodified business has shown resilience and strong performance, thanks to successful acquisitions and cost synergies.
- Taking market actor forecasts, and considering that Westlake is being compared to chemical commodities, they are trading at a relative discount.
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Westlake Corporation: Looks Attractive Even Without Momentum Assumptions