RHB lifts earnings estimates on Press Metal

KUALA LUMPUR: RHB Research has raised its earnings forecasts on Press Metal Aluminium Holdings Bhd on account of higher London Metal Exchange aluminium prices continuing to surprise on the upside.

"PMAH expects the recovery in LME aluminium prices to extend into 2021, due to healthy supply-demand conditions under a reflationary macroeconomic environment.

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RHB Research. Press Metal Aluminium Holdings , London Metal Exchange , aluminium

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Market Summary

FBM KLCI

1527.81

15.66

1.02%

Vol ('00)

32,782,298

FBMKLCI
Day's Range

Low

1517.58

High

1531.63
52 Weeks Range

Low

1478.84

High

1685
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Market Movers

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  • SymbolOpenHighLowLastChg%ChgVol ('00)
    HSI-PWD2 0.070 0.070 0.065 0.065 -0.015-18.752,601,637
    HSI-CWCD 0.140 0.140 0.110 0.115 -0.010-8.002,426,186
    HSI-CWCF 0.095 0.095 0.065 0.070 -0.025-26.321,722,562
    SAPNRG 0.045 0.050 0.040 0.045 -0.005-10.001,474,565
    HSI-PWD4 0.105 0.115 0.090 0.105 -0.010-8.701,374,701
    PERTAMA 0.065 0.115 0.065 0.110 0.055100.00556,168
    HSI-CWCM 0.290 0.305 0.270 0.270 -0.005-1.82540,194
    YTL-C1F 0.030 0.035 0.030 0.035 0.01040.00537,469
    HSI-PWD1 0.190 0.190 0.175 0.190 -0.010-5.00442,013
    SRIDGE 0.235 0.265 0.215 0.245 0.0208.89440,287
    MYEG 0.930 0.965 0.930 0.950 0.0202.15413,489
    NATGATE 1.410 1.420 1.330 1.350 -0.010-0.74407,689
    NEXG 0.255 0.265 0.255 0.265 0.0103.92329,717
    YTLPOWR-C77 0.035 0.040 0.030 0.030 -0.005-14.29321,964
    SALIRAN 0.230 0.245 0.230 0.230 0.0052.22317,670

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