0656 GMT - Press Metal Aluminium could post core profit above MYR2 billion for the first time in 2025, driven by higher aluminium prices and stable alumina costs, RHB Investment Bank analyst Iftaar Hakim Rusli says. 4Q core profit may rise sequentially and on year to MYR650 million-MYR730 million, lifting full-year earnings to MYR2.2 billion-MYR2.3 billion, he reckons. A stronger ringgit poses some risk, as over 90% of its products are exported, he says. A 2% appreciation in the currency could trim earnings by about 5%, assuming no hedging, though this may be offset by firmer aluminium prices. Tight global supply should keep prices and premiums supported, he adds. RHB maintains a buy rating on Press Metal and keeps its target price at MYR8.50. Shares are 1.1% higher at MYR7.65. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

0656 GMT - Press Metal Aluminium could post core profit above MYR2 billion for the first time in 2025, driven by higher aluminium prices and stable alumina costs, RHB Investment Bank analyst Iftaar Hakim Rusli says. 4Q core profit may rise sequentially and on year to MYR650 million-MYR730 million, lifting full-year earnings to MYR2.2 billion-MYR2.3 billion, he reckons. A stronger ringgit poses some risk, as over 90% of its products are exported, he says. A 2% appreciation in the currency could trim earnings by about 5%, assuming no hedging, though this may be offset by firmer aluminium prices. Tight global supply should keep prices and premiums supported, he adds. RHB maintains a buy rating on Press Metal and keeps its target price at MYR8.50. Shares are 1.1% higher at MYR7.65. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

February 16, 2026 01:57 ET (06:57 GMT)

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