Braskem, the Sao Paulo-based petrochemical giant of Latin America, saw its first quarter profits fall by 90%.

Source: https://www.forbes.com/sites/kenrapoza/2023/06/01/everyone-hates-plastics-even-wall-street-but-maybe-not-for-long/

But Braskem does not need to influence macro - it just needs to ride the wave of petrochemical demand and cycles for it to continue at a relatively attractive trend.

Source: https://seekingalpha.com/article/4623793-braskem-stock-careful-after-m-and-a-rating-downgrade-hold?source=feed_all_articles

Scotiabank raised Braskem from a sector perform rating to an outperform rating and set a $16.75 target price for the company in a research report on Monday, May 8th.

Source: https://www.dailypolitical.com/2023/06/26/braskem-nysebak-downgraded-to-neutral-at-citigroup.html