Press Metal earnings recovery expected in 2H


KUALA LUMPUR: The recent rise in Press Metal Aluminium Holdings Bhd's share price has priced in the near-term positives as the group looks towards a recovery in the second half of the year, says Kenanga research.

While the research firm expects a very weak second quarter on the back of low aluminium prices, business resumption in the subsequent quarters will likely result in an earnings recovery for the group.

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