KUALA LUMPUR: A drop in alumina prices is likely to further accelerate Press Metal
Aluminium Holdings Bhd's earnings in the final quarter of 2019, says Kenanga research.
"While alumina prices have normalised to 16%-17% of aluminium LME price which is now at c.USD285/MT from above USD300/MT level in 3QFY19, the benefit of the drop in alumina prices should be fully felt from 4QFY19 onwards.
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