Press Metal Aluminium's 3Q Earnings Likely Weaker -- Market Talk

Dow Jones

2024/10/09

0300 GMT - Press Metal Aluminium's 3Q earnings could be sequentially weaker, given lower average LME aluminum price, higher alumina prices and a stronger ringgit versus the dollar, Hong Leong IB analyst Brian Chin says in a note. He tips 3Q earnings to be 27%-37% lower sequentially between MYR325 million and MYR375 million, but 6%-22% higher on year. Despite challenges in 2H, he anticipates the company to achieve double-digit earnings growth in 2025 driven by stable aluminum prices and supported by looser monetary policies from major central banks and gradual economic recovery in China. Hong Leong cuts Press Metal's target price to MYR6.07 from MYR6.51 and maintains a buy rating on the stock. Shares are 2.8% lower at MYR4.93. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

October 08, 2024 23:00 ET (03:00 GMT)

應版權方要求，你需要登入查看該內容

登入 / 註冊

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2474545002"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2474545002\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2474545002?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-09 11:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2474545002","market":"sg","top_or_hot":-1,"title":"Press Metal Aluminium's 3Q Earnings Likely Weaker -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0300 GMT - Press Metal Aluminium's 3Q earnings could be sequentially weaker, given lower average LME aluminum price, higher alumina prices and a stronger ringgit versus the dollar, Hong Leong IB analyst Brian Chin says in a note. He tips 3Q earnings to be 27%-37% lower sequentially between MYR325 million and MYR375 million, but 6%-22% higher on year. Despite challenges in 2H, he anticipates the company to achieve double-digit earnings growth in 2025 driven by stable aluminum prices and supported by looser monetary policies from major central banks and gradual economic recovery in China. Hong Leong cuts Press Metal's target price to MYR6.07 from MYR6.51 and maintains a buy rating on the stock. Shares are 2.8% lower at MYR4.93. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2024 23:00 ET (03:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Metal Aluminium's 3Q Earnings Likely Weaker -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPress Metal Aluminium's 3Q Earnings Likely Weaker -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-10-09 11:00</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0300 GMT - Press Metal Aluminium's 3Q earnings could be sequentially weaker, given lower average LME aluminum price, higher alumina prices and a stronger ringgit versus the dollar, Hong Leong IB analyst Brian Chin says in a note. He tips 3Q earnings to be 27%-37% lower sequentially between MYR325 million and MYR375 million, but 6%-22% higher on year. Despite challenges in 2H, he anticipates the company to achieve double-digit earnings growth in 2025 driven by stable aluminum prices and supported by looser monetary policies from major central banks and gradual economic recovery in China. Hong Leong cuts Press Metal's target price to MYR6.07 from MYR6.51 and maintains a buy rating on the stock. Shares are 2.8% lower at MYR4.93. (yingxian.wong@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 08, 2024 23:00 ET (03:00 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"5MD.SI","symbol_name":"順聯","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2474545002","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474545002","pubTimestamp":1728442800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0300 GMT - Press Metal Aluminium's 3Q earnings could be sequentially weaker, given lower average LME aluminum price, higher alumina prices and a stronger ringgit versus the dollar, Hong Leong IB analyst Brian Chin says in a note. He tips 3Q earnings to be 27%-37% lower sequentially between MYR325 million and MYR375 million, but 6%-22% higher on year. Despite challenges in 2H, he anticipates the company to achieve double-digit earnings growth in 2025 driven by stable aluminum prices and supported by looser monetary policies from major central banks and gradual economic recovery in China. Hong Leong cuts Press Metal's target price to MYR6.07 from MYR6.51 and maintains a buy rating on the stock. Shares are 2.8% lower at MYR4.93. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"5MD.SI":"顺联"},"translate_title":"Press Metal Aluminium第三季度盈利可能疲软——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"5MD.SI":1},"content_text":"0300 GMT - Press Metal Aluminium's 3Q earnings could be sequentially weaker, given lower average LME aluminum price, higher alumina prices and a stronger ringgit versus the dollar, Hong Leong IB analyst Brian Chin says in a note. He tips 3Q earnings to be 27%-37% lower sequentially between MYR325 million and MYR375 million, but 6%-22% higher on year. Despite challenges in 2H, he anticipates the company to achieve double-digit earnings growth in 2025 driven by stable aluminum prices and supported by looser monetary policies from major central banks and gradual economic recovery in China. Hong Leong cuts Press Metal's target price to MYR6.07 from MYR6.51 and maintains a buy rating on the stock. Shares are 2.8% lower at MYR4.93. (yingxian.wong@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 08, 2024 23:00 ET (03:00 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}