KUALA LUMPUR: AmResearch has maintained its Buy call on Press Metal with a raised fair value of RM6 a share from RM4.50, pegged to 15 times PE over FY14F core FD EPS of 40 sen.
In a note on Tuesday, the research house said it has increased its PE multiple to 15 times as Press Metal is a prime beneficiary of rising aluminium prices and premiums.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!