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%.
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!