Press Metal Aluminium Holdings Bhd (Press Metal) is PMB Tech
PETALING JAYA: Press Metal
Aluminium Holdings Bhd is expected to record a stronger second half (2H18) on the back of a stronger US dollar against the ringgit, lower carbon anode prices and a better product mix, said Kenanga Research.
The research house said that the largest aluminium smelter in South-East Asia’s 1H18 core net profit of RM316mil had come in within both its RM720mil forecast at 44% and consensus’ RM761mil estimate at 42%.
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