Press Metal earnings could hit fresh records in 2022, say analysts


KUALA LUMPUR: Press Metal Aluminium Holdings Bhd's commissioning of its Samalaju Phase 3 plant coupled with decade-high aluminium prices is expected to push its earnings to record-high levels in 2022, says RHB Research.

This comes following below expected earnings in FY21 as the group provisioned the full-year state sales tax into a single quarter.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!
   

Next In Business News

Ringgit opens marginally lower against greenback as investors await 1Q GDP release
Bursa Malaysia rally to pause for profit-taking
ZTE spearheads Malaysia's 5G revolution with its ‘Unfolding the Intelligent Future 2024’ event and receives the Malaysia Book of Records’ fastest 5G-Advanced live trial award.
Trading ideas: IJM, TNB, AirAsia, Thong Guan, Seremban Engineering, UEM Sunrise
XL Axiata-Smartfren merger to yield synergy
Smart Asia IPO oversubscribed by 37.98 times
Aluminum rally is ‘overdone’ as supply returns
S P Setia posts strong 1Q profit
IRB fails in bid to get RM1.8bil taxes from TNB
IJM Land’s latest London deal poised for success

Others Also Read