KUALA LUMPUR: AmResearch has maintained its Buy call on Press Metal
with a raised fair value of RM6 a share from RM4.50, pegged to 15 times PE over FY14F core FD EPS of 40 sen.
In a note on Tuesday, the research house said it has increased its PE multiple to 15 times as Press Metal is a prime beneficiary of rising aluminium prices and premiums.
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