Huntsman: FY 2023 Likely A Tough Year, Valuation High Relative To Average

Jun. 15, 2023 7:50 AM ETHuntsman Corporation (HUN) StockHUN

Summary

  • I expect Huntsman Corp. to continue facing a tough FY23 due to the impact of weak global construction demand and destocking in its product lines.
  • The current valuation of HUN is relatively high compared to its historical average.
  • Despite the difficulties, there are potential positives for HUN, such as opportunities for improvement in the Performance Products and Advanced Materials segments, strategic management of MDI capacity, and cost-saving measures.
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Investment thesis

Huntsman Corp. (NYSE:HUN) remains as a hold rating, as I anticipate FY23 to be a challenging year for the company. HUN's product lines are especially vulnerable to fluctuations in the construction and new construction industries. The effects of

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Data scientist turned investment analyst focusing on high tech, high growth companies

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