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More Upside Seen for Press Metal Berhad

Ng Sem Guan, Senior Analyst, RHB Research

13-Mar-17 09:20

More Upside Seen for Press Metal Berhad

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.


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Tags:  Malaysia equities,  Press Metal,  aluminium prices,  earnings,  Ringgit,  dumping


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