More Upside Seen for Press Metal Berhad
Ng Sem Guan, Senior Analyst, RHB Research
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Press Metal Bhd posted core net profit of RM441m, an increase of 60.8% y-o-y, buoyed by higher average selling prices and full-commissioning of its Phase 3 smelter plant. Further earnings upside is seen from a rebound in aluminium prices, anti-dumping tariffs and the weakening Ringgit.
Download the BFM mobile app. Stay at home and stay up-to-date.