Monday, Feb 13, 2012
0746 GMT [Zawya Dow Jones]--HSBC says Sabic and China-based Sinopec negotiations with Trinidad and Tobago to possibly build a $5.3 billion methanol complex in that country is a big deal in more ways than one. "Deal an important milestone as it highlights Sabic's ability to monetise stranded gas outside the Kingdom and provides a roadmap to non-Saudi organic growth," says HSBC. Rates Sabic at overweight with a SAR119 price target. Shares closed Sunday 0.8% down at SAR95.
(tim.falconer@dowjones.com)
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(END) Dow Jones Newswires
13-02-12 0746GMT
