Press Metal Aluminium Gains Bull on Brighter Outlook -- Market Talk

Dow Jones03-25 09:08

0108 GMT - Press Metal Aluminium is expected to benefit from elevated aluminum prices and lower alumina costs amid additional demand from Asia-Pacific buyers seeking alternative supplies, Hong Leong IB analyst Thye May Ting says in a note. Ongoing geopolitical tensions are likely to support aluminum prices in the near term, she says. Prolonged disruptions in the Middle East could push the global aluminum market into a supply deficit in 2026, keeping prices elevated, she adds. Thye raises her Press Metal's 2026 and 2027 earnings forecasts by 13% and 18.7%, respectively, to factor in higher LME aluminum price assumptions. Hong Leong upgrades Press Metal's rating to buy from hold, raises target price to 8.63 ringgit from 7.64 ringgit. Shares are up 1.1% at 7.39 ringgit. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

March 24, 2026 21:08 ET (01:08 GMT)

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Prolonged disruptions in the Middle East could push the global aluminum market into a supply deficit in 2026, keeping prices elevated, she adds. Thye raises her Press Metal's 2026 and 2027 earnings forecasts by 13% and 18.7%, respectively, to factor in higher LME aluminum price assumptions. <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> upgrades Press Metal's rating to buy from hold, raises target price to 8.63 ringgit from 7.64 ringgit. Shares are up 1.1% at 7.39 ringgit. 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Ongoing geopolitical tensions are likely to support aluminum prices in the near term, she says. Prolonged disruptions in the Middle East could push the global aluminum market into a supply deficit in 2026, keeping prices elevated, she adds. Thye raises her Press Metal's 2026 and 2027 earnings forecasts by 13% and 18.7%, respectively, to factor in higher LME aluminum price assumptions. <a href=\"https://laohu8.com/S/HLFBF\">Hong Leong</a> upgrades Press Metal's rating to buy from hold, raises target price to 8.63 ringgit from 7.64 ringgit. Shares are up 1.1% at 7.39 ringgit. 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