Analysts stay bullish on Press Metal

KUALA LUMPUR: Analysts remain bullish on Press Metal Aluminium Holdings Bhd but are revising lower their earnings forecasts to account for changing price assumptions.

Kenanga Research slashed its target price on the stock to RM6.68 from RM8.63 following an earnings estimate revision on the back of expectations of more conservative aluminium prices.

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Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

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HLIB , Kenanga , Press Metal

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