Press Metal Aluminium Holdings Bhd traded at 7.49 this Friday February 6th, decreasing 0.02 or 0.27 percent since the previous trading session. Looking back, over the last four weeks, Press Metal Aluminium Holdings Bhd lost 5.34 percent. Over the last 12 months, its price rose by 49.80 percent. Looking ahead, we forecast Press Metal Aluminium Holdings Bhd to be priced at 7.41 by the end of this quarter and at 6.98 in one year, according to Trading Economics global macro models projections and analysts expectations.
Press Metal Aluminium Holdings Berhad is a Malaysia-based aluminum company. The Company is principally engaged in the manufacturing and trading of both midstream and downstream aluminum products. The Company’s segments include Smelting and Extrusion, Trading, Refinery, and Investment holding. The Smelting and Extrusion segment includes manufacturing and trading of smelting and extrusion products. The Trading segment includes marketing of aluminum and other related products. The Refinery segment includes refinery of alumina. Its primary products include aluminum ingot P1020 and the value-added products, such as alloy ingot A356.2, aluminum billets and wire rods. The Company operates smelting plants in Malaysia with an annual capacity of 1,080,000 tons of primary aluminum production. Its plant in Bintulu has three phases, with an aggregate capacity of 960,000 tons per annum, while its other plant in Mukah, Sarawak, has a capacity of 120,000 tons per annum.