Muted gains for Press Metal

RHB Investment Bank in a report yesterday said it is trimming Press Metal’s 2021 earnings by 14%, largely to incorporate softer production ramp-up over the second and third quarters of this year, as well as slightly higher alumina rates.(File pic shows Press Metal's smelting plant in Samuljadi.)

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd’s 2021 earnings could potentially be muted by the group’s softer production ramp-up and higher alumina prices.

RHB Investment Bank in a report yesterday said it is trimming Press Metal’s 2021 earnings by 14%, largely to incorporate softer production ramp-up over the second and third quarters of this year, as well as slightly higher alumina rates.