Press Metal Aluminium Set for Steady 2H Earnings Amid Firmer Prices -- Market Talk

Dow Jones
2025/09/24

0129 GMT - Press Metal Aluminium is expected to deliver steady 2H earnings, supported by firmer aluminum prices, effective hedging and easing input costs, Hong Leong IB analyst Thye May Ting says in a note. Around 50%-60% of 2025 sales volume are already hedged at slightly higher prices of $2,600/ton, helping offset weaker Main Japanese Port aluminum premium, she says. Margins should be supported by lower carbon anode prices and a stable aluminium-alumina cost ratio, she adds. Thye says the company's ongoing alumina refinery expansion is also positive, as it could eventually meet up to 55% of its annual alumina requirements. Hong Leong maintains a buy rating on Press Metal and keeps its target price at MYR6.60. Shares are 0.7% lower at MYR5.70. (yingxian.wong@wsj.com)

 

(END) Dow Jones Newswires

September 23, 2025 21:29 ET (01:29 GMT)

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