Analyst: Press Metal is expected to record a core profit of 2 billion Malaysian Ringgit for the first time in 2025.

RHB Investment Bank analyst Iftaar Hakim Rusli stated that, driven by the increase in aluminum prices and stable costs of alumina, Press Metal Aluminium may achieve a core profit of over 2 billion Malaysian ringgit for the first time in 2025. He believes that the core profit for the fourth quarter could increase to between 650 million and 730 million Malaysian ringgit compared to the previous quarter and the same period last year, thereby raising the annual profit to between 2.2 billion and 2.3 billion Malaysian ringgit. He mentioned that the strength of the ringgit poses some risks as over 90% of the company's products are exported. Assuming no hedging is done, a 2% appreciation in the currency could lead to a 5% reduction in profits, but this may be offset by the stronger aluminum prices. He added that global supply shortages should provide support for prices and premiums. RHB maintains a buy rating on Press Metal and keeps its target price at 8.50 Malaysian ringgit. The stock rose 1.1% to 7.65 Malaysian ringgit.