More Upside Seen for Press Metal Berhad

Ng Sem Guan, Senior Analyst, RHB Research

13-Mar-17 09:20

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Press Metal Bhd posted core net profit of RM441m, an increase of 60.8% y-o-y, buoyed by higher average selling prices and full-commissioning of its Phase 3 smelter plant. Further earnings upside is seen from a rebound in aluminium prices, anti-dumping tariffs and the weakening Ringgit.

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Tags: Malaysia equities, Press Metal, aluminium prices, earnings, Ringgit, dumping

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