Meaningful recovery in earnings for OMH

PETALING JAYA: OM Holdings Bhd (OMH) is expected to see a meaningful recovery in earnings next year, driven by the rebound of the average selling prices (ASPs) of ferrosilicon and manganese alloys, alongside capacity expansion.

The integrated ferroalloy and manganese ore company, however, will have to first endure a lacklustre 2023, as the ASPs of ferrosilicon and manganese alloys are expected to remain relatively weak amid the slow recovery of the steel market.